India's vaccine production sector is likely to expand dramatically to an estimated size of USD 871 million by 2016, says a report.

Global rating agency Fitch on Thursday said that strong political will is necessary to achieve meaningful reforms in the power sector, even as the government has approved a debt restructuring plan for beleaguered state electricity boards.

Over 25,000 small and medium industries in and around the city downed their shutters on Thursday, while about 100 industrialists were arrested for attempting to 'beg with bowls in their hand' to lodge their protest against 13 hours power cut and also seeking equal distribution of power across Tamil Nadu.

After announcing a debt restructuring package for the state electricity boards, the government on Tuesday said it would bring a draft model bill for fixing responsibility on state discoms.

Sixty six percent of Asian community in the US owns smartphones, making them the leading users of such devices in the country, according to the findings of a new survey.

India is set to offer a bailout to its cash-strapped power distributors that would help restructure more than USD 35 billion in debt but do little to reform a sector whose dysfunction has exacerbated the country's growth-sapping energy crisis.

Planning Commission has said that reduction in annual licence fees for telecom operators who procure domestically produced equipment for their networks will boost manufacturing in the country.

The Competition Commission of India (CCI) may soon ask its investigation wing to carry out a detailed investigation into the alleged cartel-like behaviour of oil marketing companies increasing and decreasing prices of petrol in unison.

India has been ranked in the seventh place in terms of corporate governance score in Asia Pacific region, says a report by global brokerage firm CLSA.

Major foreign airlines seem to have adopted a wait-and-watch approach over the government's decision to allow them to pick up 49 percent stake in Indian carriers, even though the government says the mood in the industry was upbeat.