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The Indian-born businessman had been on a winning streak in Britain as an unlikely saviour of industries that many had given up on. He'd spent $1 billion in the previous two years on ageing industrial businesses discarded by Caparo, Rio Tinto and India's Tata Steel. Gupta's Liberty House company and his father's SIMEC shipping, energy…

London, United Kingdom - Patrick Kelly is well accustomed to tall tales and pivoting plots. On the crowded shelves of his bookshop in Brixton, in south London, thrillers and dramas compete silently for the attention of a handful of quiet customers. But Kelly admits there's no story to rival the political twists and turns that have gripped…

According to the figures released by World Bank for the year 2017 India has emerged as the sixth largest economy by surpassing France. India's GDP worked out to be $2.597 trillion in comparison to France's $2.582 trillion. India's growth was stunted as a result of some of PM Modi's reforms such as demonetization and faulty implementation of new tax regime, Goods and Services Tax. Only last year the economy picked up and the recovery can be gauged by the increased GDP. The comparison with France is lopsided as the population of India is around 1.34 billion, almost twice as that of France's 67 million people. So the per capita income of Indians is 20 times lower than that of France. There is tremendous growth impetus in Manufacturing and Consumer spending that acted as main drivers of the economy in the latter half of the year 2017. India's GDP had doubled within the last decade propelling it as an economic power to reckon with in Asia. International Monetary Fund has projected that India will have a healthy 7.4% growth rate and it may well reach 7.8% by 2019 due to household spending and tax reform. This is far higher than the world's expected average 3.9% growth rate. According to London-based Centre for Economics and Business Research, a consultancy, India may even overtake both Britain and France in terms of GDP by the end of 2018. They predict that India may become the third largest economy by 2032.

LONDON: Senior Muttahida Qaumi Movement (MQM) leader, Mohammed Anwar's, bail in a money-laundering case was extended on the 'same terms' until a date in February 2016, Samaa reported Wednesday. Earlier, Anwar appeared before the Metropolitan Police investigators at a Central London police station, where he was questioned for hours.