In major changes liberalising foreign direct investment in key sectors, the Union Cabinet on Wednesday approved 100 per cent foreign investment in single brand retail trading (SBRT) and construction development and decided to open up Air India for FDI up to 49 per cent. ....

The Supreme Court on Wednesday told Jaypee Associates to deposit Rs 125 crore as directed failing which it would be held in contempt of court and could land in Tihar Jail. ....

India's direct tax collection between April and December in the current fiscal at Rs 6.56 lakh crore was 18.2 per cent higher than for the corresponding period last year, according to an official announcement on Tuesday. ....

The Coal India board on Tuesday approved a non-coking coal price hike for both power and non-power consumers. ....

For an overwhelming 97 per cent of Indian businesses, adopting Next-Gen software solutions is the key to driving growth and expansion while 92 per cent of them stated that software is important for them to create new products or services to enter new markets, a survey said on Monday. ....

The Budget Session of Parliament will start on January 29 and the Budget will be tabled on February 1, Parliamentary Affairs Minister Ananth Kumar said on Friday. ....

Implementation of GST and subsequent slowdown in the manufacturing sector is expected to drag down India's growth to 6.5 per cent in 2017-18, official data showed on Friday. ....

Global software major Infosys would pay its new Chief Executive Officer and Managing Director (CEO&MD) Salil S. Parekh a whopping Rs 16.25 crore salary per annum, the IT major said on Thursday. ....

Hailing the Centre's implementation of GST and demonetisation of higher value notes, Vice President M. Venkaiah Naidu on Saturday said both the moves were made to benefit the common people and change the country's economy. ....

Banks and creditors would need to take a "haircut" on their bad loans, even as defaulting promoters could make their businesses operational again by paying the outstanding interest on the loan, Finance Minister Arun Jaitley said on Friday. ....