News digest: Elon Musk deletes FB accounts, firms shutting down, and more

A third of the companies registered with the Ministry of Corporate Affairs (MCA) have shut down, with nearly half of them folding up in the past year. Click to read more

A boom in credit-fuelled consumption has made India's retail banking one of the biggest among emerging markets outside of China. Going by banks’ retail loans outstanding, worth $269 billion at the end of September 2017 quarter, India's retail banking is now bigger than Russia’s ($248 billion), Malaysia’s ($211.3 billion) and Mexico’s ($190 billion). Click to read more

More than 18 months after the Union Cabinet sought liquidity improvement in the infrastructure sector through the easing of arbitration awards, there has not been much progress because most of the arbitration awards are being challenged. Click to read more