The number of Indian visitors travelling to the Gulf Cooperation Council nations over the coming five years will create an extra 10.8 million room nights.

Chinese ecomm giant Alibaba posts sales of over $30 bn during 24-hour retail frenzyChinese e-commerce giant Alibaba Group Holding Ltd cashed a record 213.5 billion yuan ($30.7 billion) in sales on Sunday during its 24-hour online retail frenzy Singles' Day, but the event's annual growth dropped to its slowest rate. Shoppers in China and across the world snapped up hot items including iPhones, furniture and milk powder starting pre-dawn, with Alibaba recording roughly $10 billion in sales in t...

The remarks come a day after former RBI Governor Raghuram Rajan blamed the indirect taxation reform for derailing India's growth story. However, Jaitley did not name Rajan.

Major oil producers meet in Abu Dhabi on Sunday to consider reverting to output cuts after a sharp slide in crude prices revived fears of a 2014-style crash.

Before the official announcement by PM Modi, the RBI's Central Board, in its meeting had differed with the government's claim that the note ban would curb black money circulation, citing that most cash was in the form of real estate.