India has a huge official data and statistics problem and the problem is only growing bigger by the day.

IMF said that the emerging market and developing economies have experienced \"powerful crosswinds\" in recent months, courtesy factors like higher yields in the United States, dollar appreciation, escalating trade tensions, geopolitical conflict, and rising oil prices.

Last week, the bank and Carlyle Group, which owns over 32% in PNB Housing Finance, had announced their plans to sell at least 51% stake in the company.

A partnership with Flipkart could have unleashed a formidable force in terms of a voice-based shopping experience - Google's strength in building an online shopping ecosystem, along with its AI-powered speaker Google Home.

Department of Economic Affairs Secretary Subhash Chandra Garg said that since the combined shareholding of both the government and LIC would be over 90 per cent, and that public shareholding is too low, an open offer might not be on the cards.

Reliance Foundation has pitched Mashelkar's name to the government committee as the Chancellor of the Jio Institute. The names of Dipak C Jain has been proposed as the Vice-Chancellor of the Institute.

The Hyderabad store has come up with an investment of Rs 1,000 crore. This would provide 1,000 direct and 1,500 indirect jobs at the store, and 50 per cent of the employees would be women.

IKEA Retail India decided to move the date as it needs some more time to live up to its expected quality commitments towards customers and coworkers, the company said in a statement.

On July 9, the NCLT had dismissed all petitions filed by Mistry and his family-run firms after a four-month long hearing. The 368-page court order, interestingly, included an instance where Tata Motors missed out on a major order nearly three years back.

While the Sensex closed 6 points lower to 36,541 level, the Nifty fell just 4 points to 11,018 level. The Sensex gained 282.48 points on Thursday and closed at a record high of 36,283.25 after crude oil prices posted their biggest one-day drop in two years and robust start of the earnings season.

Walmart has said that it will fulfil whatever is the regulatory requirement, according to an official aware of the development. The US retail behemoth reportedly added that it will get the tax implication of the deal examined.

Twenty-four of these women on the list are billionaires, another record, up from 18 last year. Seven newcomers joined the ranks, including four Instagram-savvy makeup moguls.

Sensex hits fresh high of 36,740, Nifty at 11,057; Wipro, Reliance Industries, Infosys top gainersThe Sensex and Nifty continued their rally in early trade today despite flow of negative news on macroeconomic front on Thursday. While the Sensex rose 174 points or 0.48% to 36,723 level, the Nifty climbed 35 points or 0.32% to 11,058 level.Fortis accepts $584 million stake deal from Malaysia's IHH HealthcareFortis Healthcare Ltd said on Friday that it accepted an investment offer from Malaysia's IHH Healthcare Bhd, capping a months-long bidding war for control of the firm that drew interest from domestic as well as international suitors. Cash-strapped Fortis said IHH will invest Rs 40 billion at Rs 170 per share in the company that operates about 30 private hospitals in India.Retail inflation hits 5-month high in June on soaring fuel prices, weak rupeeAccording to data released by the Central Statistics Office (CSO) on Thursday the retail inflation soared to 5 per cent in June compared to 4.87 per cent seen in May. This amounts to a five-month high in retail inflation, which is calculated on the basis of Consumer Price Index. The latest jump in consumer inflation comes on the back of a depreciating rupee and skyrocketing fuel prices.Industrial output slips to 7-month low of 3.2% in May over sluggish manufacturing, power activityIndia's Industrial Production (IIP) declined to a seven-month low of 3.2 per cent in May as compared to 4.8 per cent in April, mainly due to slow manufacturing activity and sluggish performance of power sectors, and the FMCG sector. Data released on Thursday by the Ministry of Statistics and Programme Implementation showed that the cumulative growth in May over the corresponding period last year stands at 4 per cent.RBI makes it mandatory to mention buyer's name on demand draft to curb money launderingThe central bank on Thursday said it has decided to make it mandatory to mention the name of a purchaser on the face of a demand draft (DD) at a bank branch. The decision was taken by the Reserve Bank of India to make banking instruments safer and stronger.

In a regulatory filing Fortis Healthcare disclosed that its board had decided to recommend the binding investment proposal from IHH Healthcare Berhad (IHH) to invest Rs 4,000 crore by way of preferential allotment at a price per share of 170.

A day after entering the $100 billion m-cap club, RIL stock continued its rally on Friday to breach the 7 lakh crore market valuation.

The steadily weakening Indian currency brings with it a host of worries

The Reliance Industries stock rose to its intra day high of 1091 level, a rise of 5.27% from previous close. Its market capitalisation rose to Rs 6,88,766 crore  on the BSE.

The company had received binding bids from Malaysia's IHH Healthcare and Manipal-TPG combine on July 3, the last day of submission of fresh round of bids called by a newly constituted board.

The Trump administration raised the stakes in its trade dispute with China, threatening 10 percent tariffs on a list of $200 billion worth of Chinese imports, sending stocks lower and prompting Beijing to warn it would be forced to respond.

As the backlash on Twitter showed no signs of subsiding, the Ministry of HRD issued a statement clarifying how Jio Institute came to be picked. It clarified that Jio Institute was chosen under the greenfield category.