China Railway Construction Corporation intends to participate in the bidding of Rs. 40,000 crore worth of highway projects in India. This would be the single largest foreign investment in Indian roads. CRCC already builds 60% of China's highways, and 80% of the rail tracks. ET
The Enforcement Directorate has arrested Jignesh Shah, former Chairman of FTIL. ED's chargesheet alleges a Rs.5,574.35 crore scam at NSEL, which was 99.99% owned by FTIL. Shah's fall from grace has been dramatic since his stature as the golden boy in 2008, when his company had got into the stock exchanges business and MCX, at the time seen as a big move towards financial inclusion. Firstpost
In addition to GST, the monsoon session has key bills awaiting passage. This includes bills amending the Factories Act and the Electricity Act, both of which attempt reforms in line with international norms , including minimum wages for workers, disability rights, and increased competition. BS
China's companies are the most opaque, and Indian firms are the most transparent, according to Transparency International's study of companies in emerging markets. Bharti Airtel took first place. LiveMint
Photo of the Day: Northern Pakistan has what is considered the most dangerous bridge in the world - the Hussaini Hanging Bridge, which is missing many of its original planks. NatGeo
