After passing of the Competition Act, 2007, in September, Minister of Corporate Affairs Prem Chand Gupta had announced that the CCI would be fully functional by the middle of next year.
The last round of placements at the Institute of Company Secretaries of India (ICSI) in Delhi and Mumbai, this year, saw financial bigwigs like the Securities and Exchange Board of India, the Bombay Stock Exchange and top notch companies recruit students at an average pay package of Rs 4-4.5 lakh per annum, with the highest package hovering around Rs 7 lakh.
Prices of cotton have already gone up by 10-20 per cent per candy (356 kg) this year to Rs 16,000-Rs 23,000 depending on the variety. There has been a softening in the past few weeks but the prices are expected to firm up again as demand grows.
Bharti Airtel boss Sunil Mittal already heads the Confederation of Indian Industry (CII). Former BPL Mobile boss Rajeev Chandrasekhar is slated to take over as Federation of Indian Chambers of Commerce and Industry (Ficci) president.
"This reveals the gaps that need to be filled to bring in management education reforms in the country," said Arindam Lahiri, director, Academics, Career Launcher.
The industry is seriously concerned that the new Competition Act, passed by Parliament in September but not yet fully notified, could impact local and cross-border mergers and acquisitions (M&As) and curtail business activities by placing substantial discretionary powers in the hands of the thinly-staffed Competition Commission of India (CCI).
This will be a measure to provide start-up entrepreneurs and professionals the much-needed flexibility in setting up a business in India.
With the export market losing its sheen, a growing number of apparel exporters are drawing up strategies to sell their wares in the domestic market. Analysts said that the higher local demand for branded apparel was because of rising purchasing power of consumers who were now spending 6-7 per cent of their disposable income on ready-made garments. The surge in consumer spending has resulted in a 20 per cent growth in demand for international apparel.
The Gujarat Cooperative Milk Marketing Federation, which owns the Amul brand, is all set to introduce sugar-free chocolates across the country, targeted at diabetics. This comes soon after the company had launched sugar-free ice-cream. India has become the diabetes capital of the world with almost 35 million people suffering from the disorder. And their population will continue to grow at a fast pace, say experts, because of Indian dietary habits and a sedentary lifestyle.
Companies based at Gurgaon are sending workers on 45 days' leave without pay before the festival, while those in Tirupur, Tamil Nadu, have not renewed the contracts of over 8,000 workers. All expansion plans have been put on hold and orders for new machinery are being revoked.
The government is planning to codify class action as law. A clause to this effect has been included in the new Company Law Bill, which is expected to be tabled in the coming winter session of Parliament.
First-generation entrepreneurs of micro and small enterprises are facing the problem of inadequate credit flow. H P Kumar, chairman and managing director, National Small Industries Corporation, tells Business Standard about the recent initiatives taken by the corporation to tackle it.
Currently, only Rs 3,500 crore (Rs 35 billion) of the Rs 24,280 crore (Rs 242.8 billion) goes to the organised sector. Companies are targeting kids from the age of one to 14. According to Technopak, this sector is growing at 20 per cent per annum.
In a bid to transform Mumbai into a world-class financial hub, the Centre has asked the Maharashtra government to upgrade its ports, railway and other infrastructure at the earliest.
Over the past one year, since the helpline became functional (on September 8, 2006), a total of 3,110 grievances have been registered.
It is not the urban centres alone that are powering India's phenomenal growth in mobile telephony. Data on rural telephony, compiled by the telecom regulator, shows people in villages are subscribing to mobile services in large numbers
Seniors-turned-entrepreneurs help students learn about the difficulties faced by international ventures.
The study was commissioned by the Forum of Indian Regulators -- a body which is open to all regulators but currently dominated by power regulators.
Till a few months ago, the 22-acre Industrial Training Institute campus on the outskirts of Patiala did not even have a boundary wall.
After filing their objections against the Air India-Indian Airlines merger with the corporate affairs ministry on August 31, the unions of Indian Airlines are now planning to take the matter to court.
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