The move comes after a key constituent of the successful bidder for Pawan Hans received an adverse order from the Kolkata bench of the National Company Law Tribunal (NCLT). The transaction process had to be halted and a final call will now be taken on scrapping the bid or going ahead based on the legal opinion.

The agency also upwardly reviewed its credit growth estimate to 13 per cent from the earlier expectation of 10 per cent, on higher working capital demand, shift to bank lending from capital markets and revival in demand from the corporate segment, it said.

She reiterated India's expectation of a rise in IFC's lending to India to USD 2-2.5 billion in the next 1-2 years and USD 3-3.5 billion in next 3-4 years, the finance ministry said in a series of tweets.

The Amendment Bill was aimed at making only those establishments that employ 300 or more people seek permission from the government for closure, retrenchment, or layoff.

He attended the ministerial meeting of the India-Saudi Arabia Strategic Partnership Council.

Higher production will weigh on local prices and may prompt New Delhi to allow sugar exports in the 2022/23 marketing year starting from Oct. 1. Indian exports could weigh on global sugar prices..

"As a share of GDP, the current account deficit is expected to jump to a 36-quarter high after the 1QFY14 when it was 4.7 per cent. In absolute terms, it will be at a 38-quarter high after 3QFY13 when the deficit was $31.8 billion," the agency said in a note.

With the Hindu festivals of Durga Puja and Diwali taking up the majority of September and November, even e-commerce giants Amazon and Flipkart are gearing up for deep discounts with their annual sales already announced.

The Insolvency and Bankruptcy Board of India (IBBI) has amended the regulations with the "objective to maximise value in resolution" and they came into effect from September 16.