The country's second largest software exporter Infosys Technologies on Thursday said the domestic IT industry is likely to grow by 15 per cent this year against 30 per cent growth last year in the wake of global slowdown.
The prime minister is right when he exhorts the corporate world to rethink its terms of engagement in a society as poor and in as much flux as India.
"Exports of $150 billion are certain this year. If there is a surge, they could even go up to $155 billion," Commerce Secretary GK Pillai told reporters on the sidelines of a CII meeting on Foreign Trade Policy.
Only 39.5 per cent of graduates in India are employable and the challenge is to bridge the human resources gap by providing skills training to the other 60 per cent, says a Confederation of Indian Industry-Aspire report released at the 'Skills World 2008' summit organised by the CII and Aspire on Friday.
Companies wanted continued fiscal support from the government in form of extension of the provisions of section 10 A/10 B of the Income Tax Act 1961, according to the results of the study released on Friday. The income tax holiday under sections 10 A/10 B are set to expire on March 31, 2010.
Indian industry expressed disappointment on Wednesday over Finance Minister P Chidambaram's Budget for 2007-08, raising concerns on lack of measures to increase productivity and for losing an opportunity to provide relief to the corporate sector.
The mandate will help further the development agenda in these states, with good governance and policy reforms taking centrestage
Said CII southern region chairman P K Mohapatra, "Though the construction industry employs about 31 million people, second only to the agriculture sector, the workforce requirement is about 5 million people every year over the next seven years to eight years to sustain the present 8 per cent growth rate."
Asset management firms relying heavily on liquid fund investments.
The big boys in the business of power generation and distribution may soon lose their monopoly as small and medium entrepreneurs are keen to foray into this stream.
The design, material and technology used in a green building is such that not only does it conserve energy, it recycles the used energy wherever possible and also creates energy out of the waste. Be it a water treatment plant, a sewage plant, green lighting or using FSC certified wood that comes from sustainable forests, a green building is constantly in search of new methods of environmental conservation.
Authorities also said the recovery rate of COVID-19 patients was improving consistently in India and it was in a much better position in handling the pandemic, which has seen more than 63 lakh people testing positive for this virus since its emergence in China last December and over 3.7 lakh having lost their lives.
ICICI bank CEO and CII president K V Kamath told the media on the eve of the two-day national council in Hyderabad that 'skilling' was the key area and big challenge for the country.
50-odd biz leaders are part of Modi's entourage for the 3-nation tour
Striking a different chord with Prime Minister Manmohan Singh, who prescribed a social charter for the industry, Confederation of Indian Industry's new president Sunil Mittal on Friday
At $2.6 trillion, the Indian economy is currently ranked sixth in the world behind the US, China, Japan, Germany and the UK.
Reforms in the Indian economy have brought about a change in the nature, role and functioning of industry chambers and their membership, both in terms of composition and numbers.
Supporting West Bengal Chief Minister, Buddhadeb Bhattacharjee's stand, Mittal said, "Let us see for the next 7-10 years what Indian companies deliver and then we can take a call."
The Yale University and the Confederation of Indian Industry are jointly holding two panel discussions on India in New York later this month, featuring corporate leaders like Indra Nooyi and Nandan Nilekani.
The government's announcement to fund fashion initiatives is likely to provide a fillip to this largely unorganised sector.
Stating that India is not witnessing a slowdown in investment, Confederation of Indian Industry president K V Kamath said on Thursday that the country would continue to grow at a healthy rate of 8.6 per cent for the next five years.
The other trend is towards the big and bigger, especially in the retail sector. Take The Great India Place in Noida, Unitech's 15 lakh sq ft "shoppertainment" destination which opened earlier this year.
Calcined petroleum coke maker Rain Calcining on Friday said it has completed the process of acquiring US-based CII Carbon for about 595 million dollars in cash.
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Adani CEO Jeyakumar Janakraj said the Adani issue was not on the agenda of Jaitley's visit.
Australian companies are expected to make investments to the tune of US$ 4.5 billion in India in the coming years, a senior Australian diplomat has said.
Feeder funds may well be the next big thing for Indian investors looking at opportunities abroad. "Several top funds are working on launching feeder funds schemes.
Presenting the Narendra Modi government's maiden Rail Budget, Railway Minister Sadananda Gowda announced setting up of logistic parks and private freight terminals on PPP model.
Inflation may rise again as global crude oil prices continue to soar touching an all-time high of $90 last week, besides, rising food prices in the domestic market. On the issue of interest rates, Kamath said the bank would wait till the ensuing mid-term policy, due on October 30, before taking any decision.
'A bold, progressive step forward,' Kotak Mahindra Bank CEO Uday Kotak said of Nirmala Sitharaman's corporate tax breaks.
Development of biodiesel as an alternative source of energy holds a significant potential for the country in the field of agriculture besides ensuring energy security, says a report.
ICICI Bank said on Thursday it has constituted a Rs 100 crore (Rs 1 billion) loan fund for assisting companies engaged in the green business or abetting eco-friendly activity.
Speaking to reporters on the sidelines of a CII meet in Kolkata on Monday, ICICI Bank MD and CEO K V Kamath said the light engineering and transportation sectors had already been hit following a slump in sales of commercial vehicles.
The trade policy specifies that "for all goods and services exported from India, services received, rendered abroad, wherever possible, shall be exempted from service tax".
Foreign direct investment inflows in the country jumped nearly three-fold to $15 billion in 2006-07 as the world's second-fastest growing economy lured investors from across the world.
The India@60 event seeks to attract the world's attention, particularly that of the global Inc, to India by portraying its strengths -- democracy, diversity and demographics -- which have powered the sub-continent nation's development.
High inflation not only hurts the common man but also deters fresh investments that are key to faster economic expansion, which makes containing prices an express requirement, the Reserve Bank of India said on Wednesday.
Government has been planning to relax the norm to three years through a revised aviation policy which is pending before a group of ministers.
Sebi chairman M Damodaran on Thursday suggested reduction of regional stock exchanges in the country.
Bharti Enterprises, which has announced join ventures with US giant Wal-Mart for its retail foray, said that the rising real estate prices could hamper the growth of the organised retail industry in the country.
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