In India, 12% of the surveyed companies said that they had experienced a significant fraud over the last two years, while 20% said they would justify cash payments to help the business sail.

So far 52 of 1,198 cased under IBC resolved

The optimism of an improved ranking this year too stems from reforms like the Goods and Services Tax, launched last July, as well as initiatives that India has taken in categories such as 'construction permit', 'starting a business' and 'trading across borders'.

RBI Deputy Governor Viral Acharya compared government's 'myopic' economic policies to a T20 cricket match, in contrast to the long-term planning of a central bank, which he called a Test match.

Eight of top 10 companies lose Rs 1.35 lakh crore in market valuationEight of the 10 most valued Indian firms suffered a combined loss of Rs 1,35,162.15 crore in market capitalisation last week with benchmark BSE Sensex diving around 3 per cent. TCS, RIL and Infosys took a severe beating in market valuation while only two bluechips, HDFC and ICICI Bank, managed to record gains in market capitalisation (m-cap) for the week ended Friday.UIDAI asks banks to use Aadhaar eKYC for DBT u...

Some big accounts are in the process of getting resolved while some more are lined up for resolution under the Insolvency and Bankruptcy Code (IBC).

The list of 24 creditors that have gone to the NCLT against RCom and Reliance Telecom includes names like Paytm's parent company One97 Communications, logistics firm GATI Ltd, Bangalore International Airport Ltd, among others.

Ruias are believed to have a back-to-back agreement with Russia's VTB group to raise Rs 55,000 crore as loan at 2-3 per cent interest.