Amazon's rapid rise and marketshare gains are making the competition run helter-skelter. Amazon's rise, in fact, coincided with the fall of Snapdeal, India's third-largest marketplace in an e-tailing industry worth $16 billion.

CBI on Monday arrested a former chairman and four other ex-officials of IDBI Bank along with four former executives of Kingfisher airlines in connection with the Vijay Mallya loan default case.

According to the report, wearables/sensors were the top funded areas in Q1 with $260 million.

India's Internet economy, despite the hype and brouhaha, is still nascent and has miles to go, say some of the country's top digital entrepreneurs at the Business Today MindRush.

Both are using their war chest to offer incentives to drivers and discounted fares to riders. Traditional radio cabs and small-time operators are struggling to match up.

The rapid strides in the e-commerce sector can be gauged from the growth of another start-up, Quickdel Logistics, which owns the delivery brand GoJavas.

Buyers need to be alert to avoid risk of getting locked in a delayed project. The builder is likely to offer possession on time if a project has necessary approvals along with funding from a bank.

The Indian banking system will have to deal with mind-boggling paradigm shifts in a complex global environment in the years ahead.

As in the recent years, the BT-KPMG survey methodology has been modified to address some of the questions that came from the banking community.