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The Reserve Bank of India (RBI) will soon come out with new rules for the entry of foreign banks that may even allow them to take over Indian banks, RBI Governor Raghuram Rajan has said.    

India's central bank will issue rules governing the operations of foreign banks in the next couple of weeks, Reserve Bank of India Governor Raghuram Rajan said in Washington.

The world’s biggest retailer scrapped a partnership last week with Indian telecom heavyweight Bharti and suspended plans to open supermarkets

'Half of total investment requirements in 12th Plan period expected to come from the private sector'

Says electronic payments can help manage fraud and leakage risks in government payment programmes

Says access to this window should be beyond the normal country limits, which otherwise introduce inflexibility

Under the radar, Manmohan Singh and Barack Obama made a great deal of progress in resolving outstanding bilateral issues around climate change

India's foreign exchange (forex) reserves gained by $1.46 billion to touch $277.72 billion for the week ended October 4, official data showed.    

India has made significant progress on its proposed plan of action for expanding partnership with the 10-nation ASEAN grouping in areas of economic, political, security and socio-cultural cooperation, and the two sides are on track to meet USD 100 ...

India and Israel will soon set up research and development (R&D) fund with up to 50% investment from both the countries to promote investments in the field of security, cyber security, energy, water recycling and solid waste management, ...

Political tensions not withstanding, the second round of Joint Pakistan-India business council (JPIBC) meeting is scheduled to take place here today.

Cheering the dip in trade deficit and double-digit growth in exports, India Inc today said it expects the current account deficit to narrow in the coming months and rupee to stabilise around 60 per dollar by the end of this year.

The increasing use of technology in the economy cannot be simply ignored and electronic payments can save over 1% of India's Gross Domestic Product (GDP), a recent report by World Bank said.

HSBC Trade Confidence Index for India stood at the highest -- 142 points, followed by UAE (132 points) and Indonesia (127 points)

Both sides held intense discussions on how to take the delayed negotiations forward

HSBC forecasts country to emerge as UAE’s top export destination by 2030

Deficit narrows to $6.7bn as exports surge and gold imports fall, adding pressure on the central bank to unwind measures to protect the rupee

The development was a positive sign for the Indian economy, which has been buffeted this year by a declining currency and other problems.    

Wal-Mart Stores is ending its Indian joint venture and has put plans to open its own retail stores in the country on hold, saying strict government regulations on sourcing from local small businesses make it impossible.

US retailer scraps troubled joint venture with Bharti Enterprises after a string of regulatory probes and concerns over retail investment rules