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India's fiscal deficit has grown almost four-fold in the last five years. Government finances are in a disarray largely because of a mounting subsidy and interest payment burden.

 
 
INFOGRAPHICS: The 122 telecom licences that were cancelled in February will be auctioned before August 31. How will this impact the industry and subscribers?
In September 2011, the RBI approved Axis Bank's revised plan to acquire Enam Securities, allowing Enam shareholders to receive Axis Bank shares.


An arbitrator in July 2011 terminated the 2005 agreement between SRPL and V Hotels for the purchase of the Centaur Juhu hotel.

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