Reserve Bank of India has approved Fino Payments Bank for commencing international (Cross Border) remittance business under the Money Transfer Service Scheme (MTSS).
The Goods and Services Tax (GST) Council, in its 46th meeting, decided to defer the proposed hike in tax rate for the textiles sector to 12 per cent from 5 per cent, which was to be implemented from January 1.
Alphabet Inc's Google (GOOGL.O) will invest up to $1 billion in India's Bharti Airtel (BRTI.NS) as the U.S. technology giant expands its hold in India, sending shares of the telecom operator as much as 6.6% higher.
Prime Minister Narendra Modi has recently inaugurated and laid the foundation stone for hydroelectric projects worth Rs 11000 crore and the "Sawara-Kuddu Hydroelectric Project" in the state of Himachal Pradesh.