Rosneft closes deal to buy 49% stake in Essar Oil
MOSCOW: Russia's largest oil producer Rosneft said on Monday it had successfully closed a deal to buy a 49 per cent stake in private refiner Essar Oil Limited (EOL).

Made in India good, made in China not: Majority find Indian products better than Chinese
According to a survey, majority of Indians will go for Indian products since they are reliable despite the items being comparatively expensive than Chinese products.

India to become largest milk producer in 2026: Report
UNITED NATIONS: India, projected to be the most populous country over the next decade, will be the world's largest milk producer by 2026 and will account for the biggest increase in wheat production globally, according to a report by the UN and OECD.

India likely to clock GDP growth of 6.9 % this fiscal
Indian economy is expected to recover in the coming quarters and the country is expected to clock a real GDP growth of 6.9 % in this financial year, says a report.

India Gives Iran $11 Billion 'Best Offer' To Develop Giant Gas Field
As India, the world's fourth-largest LNG buyer, seeks to lock up gas resources to meet growing demand and spur the use of cleaner-burning fuels, Iran is emerging from sanctions that stifled investment in its energy sector.

Over 50 global retailers to enter India in 6 months, likely to open about 3,000 stores
NEW DELHI: More than 50 mid-rung global retailers are planning to enter India within the next six months, according to data compiled by Franchise India that has tied up with them for their launches, with their eye mostly on smaller, untapped markets within the country.

Mekong delta seafood firms urged to invest in India
HCM City (VNA) – Mekong delta An Giang province and India have good prospects for co-operation in aquaculture and processing, a meeting between business executives from the two sides heard in Ho Chi Minh City on May 12.

90% Of Indian Startups Will Fail Because Of Lack Of Innovation, Study Says
Of late, India might have become the third-largest startup ecosystem, but it lacks successful innovation.

Indian economy set to overtake Germany’s by 2022, push UK out of top 5: IMF
India is set to leapfrog Germany to rank fourth globally by 2022, pushing the UK down to sixth place behind its European peer, according to IMF estimates

IT industry slows, Indian companies ready for large layoffs
BENGALURU/CHENNAI: Large IT services companies are all in the process of laying off employees on a scale not seen since the 2008-10 downturn. Those taking the hit first are mid and senior level professionals, those with 10 to 20 years of experience, but the expectation is that lower level employees too will be hurt later in the year, as growth in the $150-billion industry slows far more than anticipated and companies move towards hiring more in the US. The situation is worsening to a point where affected employees are beginning to approach labour unions to take up their cause.