US credit rating agency Moody's on Friday upgraded India's sovereign rating to Baa2 from its lowest investment grade of Baa, while changing the outlook for the country's rating to stable from positive, and said its was based on the Indian government's "wide-ranging programme of economic and institutional reforms". ....

Finance Minister Arun Jaitley has urged Singaporean businesses to invest in India, highlighting the country as one of the largest FDI recipients with the government undertaking major structural reforms, including Aadhaar, GST and demonetisation. ....

The Chinese e-commerce major Alibaba grossed over $25 billion in its 24-hour long 11.11 Global Shopping Festival on Saturday. ....

The Economic Advisory Council to the Prime Minister (EAC-PM) on Friday chalked out a "clear road map" for stepping up skill development and job creation and enhancing resource investment in the social sector, including health and education, while making out a case for boosting infrastructure financing. ....

The GST rate on 50 items of mass consumption, that were in the 28 per cent tax slab, rest items has been slashed to 18 per cent, Bihar Deputy Chief Minister Sushil Kumar Modi, who heads the panel of Group of Ministers for tackling IT-related glitches, said on Friday. ....

On the matter of cutting interest rates, state-run State Bank of India (SBI) on Thursday indicated there is limited space for further easing of its lending rate. ....

A year after demonetisation, Finance Minister Arun Jaitley on Wednesday said terror funding through counterfeit currency had come down drastically in Jammu and Kashmir and Chhattisgarh. ....

The National Investigation Agency (NIA) on Tuesday claimed it had seized nearly Rs 36.5 crore in demonetised notes during its probe into the Kashmir terror funding case. ....

A massive bout of profit bookings in healthcare, consumer durables and banking stocks subdued the key Indian equity indices during the mid-afternoon trade session on Tuesday, with the BSE Sensex shedding over 300 points. ....

The Goods and Services Tax Network (GSTN) said on Sunday that it has introduced a utility Table 6A in the Form GSTR-1 used by exporters to claim refunds. ....