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India has simplified customs rules of pricing of imports by related parties including Indian arms of import-dependent multinationals. Simplified mechanism to ease up doing business for import dependent multinationals.

The banking conclave in March will accord highest priority to mergers among public sector banks.Consolidation of state-run lenders has climbed to the top of the banking reforms agenda as the cleaning up of their account books gets under way. After the RBI asset quality review the NPA's register a spike.

Describing India as "a haven of stability" in a turbulent global economy, President Pranab Mukherjee on Tuesday said the government has simplified procedures for approvals, repealed obsolete laws and put in place a non-adversarial tax regime to attract investments.

In a move to cut ICICI Bank's exposure and Jaiprakash Associates Ltd. debt obligations, the former took over about 275 acres, estimated around Rs 1,500-1,800 crore, in Noida and Greater Noida from the latter. JAL has been selling other key assets to raise funds to repay loans.

Civil aviation minister, Ashok Gajapati Raju has stressed that non-availability of slots for Indian carriers is the reason behind non-utilization of bilateral entitlements by carriers. The Indian carriers can fully use the remaining bilateral entitlements if Dubai airport gives them the right slots.

Tata Steel will restructure all business functions such as human resources, production, transportation and marketing to reduce costs and increase profits. Countries like China, Japan and South Korea are major producers of cheap steel and are affecting profits of Indian firms like Tata Steel, JSW and SAIL.

Arundhati Bhattacharya said that the country’s largest lender will not get stymied by lack of capital and that there is no capital shortfall.

Demand is on the rise for lawyers specialising in mergers and acquisitions, as the M&A market remains hot in India and companies aim to create mini in-house law firms to cut cost.

PM Modi had launched Digilocker, his key initiative for paperless governance, on July 1 last year. Currently only the national e-governance division under the Department of Electronics and Information Technology offers the facility. It has 11 lakh users and a repository of 18 lakh documents.

With the defence sector emerging as a cornerstone for the Make in India initiative, Defence Expo – is set for record participation this year.