The mining industry would suffer further degrowth without changes in policy and structure. Many experts have called out to the government that the mining and quarrying industry would most likely suffer more as it contracts by 2.

The Federal Reserve Bank of India said that it would not convert idle gold into bullion. India's central bank said it does not plan to convert the country's idle gold to bullion.

According to a top Indian government official, Walmart's plans of getting into the country's multi-brand segment could be at its final stage.

Merger and acquisition deals in India had slowed down after fears on US and UK anti-bribery laws threatened investment.

A second financial crisis was predicted to hit Asia in the next 12 to 18 months that originated from the US after its Federal Reserve announced stimulus reduction.

Blackberry, the leading mobile device in India, had announced selling its global operations unit but would remain business as usual to ease fears of Indian users.

Global firms had eyed on agrochemical manufacturers as agrochemical patents in India would expire by 2020.

Despite being next in line as chief executive of Infosys Ltd, Ashok Vemuri resigned from the company's board.

India's ONGC Videsh said it would increase its overseas debt to fund a USD2.64 acquisition. ONGC Videsh Ltd. is a state-backed energy explorer in India.

Private equity exits in India had doubled amid the weakened currency, unstable market capital and poor macro-economic conditions.