Top 10 biz headlines: Saudi investment, telecom sector crisis, and more

Govt has set up a CoS to suggest measures to mitigate financial stress in the telecom sector

Modi invites Saudi investment, says India to spend $100 bn on energy infra

India will invest $100 billion in oil and gas infrastructure to meet energy needs of an economy that is being targeted to nearly double in five years, Prime Minister Narendra Modi said on Tuesday as he sought investment from oil kingpin Saudi Arabia and other nations to boost supplies. Read more.

Govt mulls more steps to boost market sentiment, may scrap DDT, rejig LTCG

The finance ministry and regulators are reviewing the possibility of scrapping the dividend distribution tax (DDT) in a bid to regain investor confidence