"I continue to be an optimist about India" - that’s the word from MasterCard’s Ajay Banga who is set to step down as CEO and takes over as Chairman. Speaking to Shereen Bhan, the Mastercad Chief added that the company plans to follow up the one billion dollars invested in India over the last five years, with another billion dollars over the next five.

With improving diplomacy between India and the Middle East, not to mention increased bilateral with countries like the UAE, it comes as no surprise as the Middle East has invested heavily in India in areas like infrastructure, start-ups but most importantly energy.

Drug Controller General of India (DCGI) said it is confident of the country's drug regulatory process. The system takes tough action on companies failing on quality parameters, says DCGI VG Somani.

Pidilite Industries has bought a 70 percent stake in Tenax India Stone Products in an all-cash deal for about Rs 80 crore.