Finance Minister Arun Jaitley has said that the next 2-3 years will be “very critical” as the government plans to implement a series of reforms that will help India reach its “destination targets” of growth higher than the current 7-7.5 per cent rates.

“(In) India today neither the government, the people or the industry are very excited about a 7-7.5 per cent growth rate because everybody realises, including me and the Prime Minister that probably our potential is a little higher than that,” Jaitley said here on Thursday.

Did Mukesh Ambani say something unusual at RIL's 41st annual general meeting last week that has resulted in the sharp move of its stock price? The stock has rallied nearly 12% in the last one week and is trading at Rs 993 levels currently.

Analysts do feel so. Most of them have either upgraded their recommendation or have changed their price target.

Money held by Indians in Swiss banks fell about 10 per cent last year to 1.8 billion Swiss francs (about Rs 12,615 crore), amid an enhanced clampdown against the famed secrecy wall of Switzerland's banking system by Indian and other govts.

The funds held by Indians with banks in Switzerland fell 215 million Swiss Franc to 1,815 million Swiss Franc (about $1.98 billion dollar), from 2,030 million Swiss Franc, according to the latest data released on Thursday by the country's central banking authority Swiss National Bank (SNB).

Four senior Microsoft executives, including Stephen Elop and Mark Penn, will leave the technology company in the biggest organisational shake-up yet under Satya Nadella, its chief executive.

In an email sent to Microsoft employees on Wednesday morning, Nadella said that three of the departures were related to his decision to organise the company's engineering efforts into fewer groups. The three executives leaving as a result are Elop, former chief executive of Nokia, who has been leading Microsoft's devices group; Eric Rudder, leader of its advanced technology and education efforts; and Kirill Tatarinov, head of its business solutions group.

The Enforcement Directorate, the agency investigating online betting in the Indian Premier League, has issued warrants for the arrest of four alleged betting operators, Thane-based Anil Jaisinghani, Jaipur-based brothers Vineet and Rahul Gangwal, and Sukhmunder Singh Sodhi.

At least one of them is alleged to be involved in fixing IPL matches.

The Indian subsidiary of Swedish transportation major Volvo Trucks is set to shift into top gear as revival in mining and infrastructure sectors has spurred the demand for its premium trucks (400 HP and above).

Though the company took 17 years to sell 10,000 trucks, with 5,000 units in the first decade (1998-2009) and another 5,000 over the last six years, the subsidiary is gearing up to meet the growing demand in the core sectors. It is now confident of selling the next 5,000 trucks in three to four years.

All India Bank Employees’ Association (AIBEA) is planning to go on a strike on Wednesday, in support of the demands of State Sector Bank Employees’ Association and pertaining to the employees of the Associate Banks of State Bank of India (SBI).

C H Venkatachalam, general secretary, AIBEA stated in the two rounds of conciliation meeting this month, held by the chief labour commissioner (CLC) in New Delhi, the Union explained in detail the issues and demands involved.

The Bombay High Court has not provided any ad interim relief to Madhu Kapur, the second-largest promoter of YES Bank, who has been seeking a stay on the reappointment of two directors — M R Srinivasan (non-executive director) and Diwan Arun Nanda (independent director).

Kapur had raised objection to the reappointment of the two directors, which has been already approved by the shareholders at the annual general meeting held earlier this month.

Drug company Sun Pharmaceutical has reportedly asked 18 top executives of Ranbaxy Labs to leave as part of integration with the former company, according to an ‘Economic Times’ report.

In April 2014, Sun Pharma had announced the acquisition of troubled rival Ranbaxy in an all-stock transaction worth $4 billion that includes $800 million debt.

Shares of Adani Power has dipped 6% to Rs 27.75, extending it’s a month long fall on the bourses, after reporting weak earnings for the quarter ended March 31, 2015 (Q4). The stock tanked nearly 10% to Rs 26.50, also its record low on the BSE in early morning trade.

Since May 11, the stock plunged 36% from Rs 43.40 as compared to 1.5% decline in the S&P BSE Sensex. The market value of Adani Group firm has been more than halved from its recent high of Rs 57.10 touched on March 3.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.