Speaking about its fourth quarter numbers, Vinod Ramnani of Opto Circuits said it was below expectations and the company is taking steps to address working capital issues.
The Reserve Bank will come out with a discussion paper within 15 days on redefining Foreign Direct Investment (FDI) and portfolio investment (FII) so as to remove ambiguities.
Allaying fears of delay in clearances, India today promised foreign investors that it will approve oil and gas projects "in 30 days flat" as it invited Gulf businesses to take advantage of investment opportunities in the country.