The Rajya Sabha on Wednesday passed the Insolvency and Bankruptcy Code 2016, a vital reform that will make it much easier to do business in India. The Code is aimed to enable failed businesses to wind up faster, aid quicker dispute resolution, and hasten debt recovery by banks that have been snowed under bad loans worth over Rs 4 lakh crore.

Gold demand in India in the January-March quarter declined 39%, year-on-year to 116.5 tonnes  versus 191.7 tonnes on the back of a jewellers strike that lasted almost 45 days and hit sales,  data from World Gold Council showed.

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India has granted approval to Gilead Sciences Inc’s patent for its hepatitis C drug Sovaldi, marking a setback for patient groups who said the move could stop affordable copies of the drug.

The rupee was trading lower by 12 paise at a fresh two-week low of 66.70 against the US dollar in early trade on Tuesday increased demand for the American currency from importers.

Market benchmark BSE Sensex fell by some 35 points in early trade on Tuesday as funds and retail investors booked profits after Monday’s strong gains amid mixed Asian cues.

Hindustan Unilever or HUL, the largest FMCG company in India, is likely to report a volume growth of around 6%, in line with the growth reported in the last three quarters, while the overall revenue could be lower by 4-5% due to price cuts.

Delhi high court on Monday sought the Income Tax department’s response on Vodafone’s plea challenging an order directing special audit of its accounts for assessment year 2012-13.

A German court has ruled against an online shopping site’s use of Facebook’s “like” button on Wednesday, dealing a further legal blow to the world’s biggest social network in Germany.

The benchmark Sensex fell nearly 72 points in early trade on Thursday as investors booked profits in recent gainers amid mixed Asian cues.