As the sporting extravaganza of London Olympics 2012 started Saturday, irrespective of the medals' tally for Britain, the country's stuttering economy is all set to benefit from a 17 billion pounds (over $26 billion) bounce from the Games.
According to Daily Express, business experts believe the Games will deliver a much-needed boost which should help lift the country out of the double-dip recession. They reckon the positive impact on jobs and growth will continue to be felt for five years.
On Friday, London Mayor Boris Johnson assured that the sporting extravaganza would be a world showcase for the best of British business.
He said: "It is our chance to show the world what we are all about, our chance to throw a great party. "There are very, very important economic reasons for trying to get the best out of the Games. I want to see great economic benefits from these Games."
A study from the Lloyds Banking Group earlier this year forecast a 16.5 billion pounds
"Olympic Effect" lasting up to 2017.
Construction and tourism were likely to benefit most, and the tradition of allocating majority of contracts to suppliers outside the capital will help in spreading the benefits.
A casual mention of a lost Aadhaar card in public saw government machinery go on an overdrive and its holder got a duplicate card in less than an hour.
Wholesalers, retailers and manufacturers across Maharashtra called off their month-long agitation against the local body tax (LBT) imposed by civic agencies following talks with Chief Minister Prithviraj Chavan onThursday.
Prime Minister's Economic Advisory Council Chairman C Rangarajan said the exchange rate of the local currency will be determined by the capital flows.
Etihad's Rs 2,058-crore stake purchase in Jet Airways has hit a regulatory air pocket, as regulators are seeking more clarity.
Marking nine years of the UPA government, PM Manmohan Singh promised to build "an economically resurgent and socially just India".
Former Goldman Sachs Director Rajat Gupta's attorneys said wiretap evidence used by the prosecution should not have been introduced at trial stage.
After more than three weeks, Mumbai traders on Monday called off their strike against Local Boy Tax (LBT).