Top economy news of the day

India Infoline News Service | Mumbai |

The country’s GSM operators added 4.14mn rural subscribers in January, a 1.5% increase from the previous month, taking the total to 285.35mn.

Independent directors will soon have to provide “detailed reasons” for their resignations from boards of listed companies and the same would need to be made public under new norms being finalized by regulator SEBI. (ET)

The government has approved eight foreign investment proposals, including plans by L&T Infrastructure Development Projects and Welspun Renewables Energy, totaling Rs10.24bn. (ET)

Capex by private companies declined to 9.9% of gross domestic product in FY13 from a high of 18.8% of GDP in FY08, according to figures from the Central Statistical Office. Investments by households during the period rose to 15.9% of GDP from 11.7% in FY08. (BS)

The country’s GSM operators added 4.14mn rural subscribers in January, a 1.5% increase from the previous month, taking the total to 285.35mn. (BL)
 

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