Mangoes are likely to be expensive this year as the country's overall production is estimated to come down by upto 20 per cent because of crop damage in some states due to last month's unseasonal rains, industry body Assocham said.
Union Bank, UTI Bank and HDFC Bank have the topped the list of banks that gave impressive returns to investors in 2004-05, according to a study by an industry chamber Assocham.
Implementation of value-added tax will bring down retail prices and may add Rs 75,000 crore (Rs 750 billion) per annum to government revenue, according to industry body Assocham.
The power situation is likely to worsen in the country with as many as 16 major power plants facing critical supply of coal, barely adequate to meet their requirements of less than a week, an Assocham survey has said.
The report blames the lack of quality control and infrastructure, low-paying jobs through campus placement and poor faculty as the major reasons behind India's unfolding B-school disaster.
Steel, hotel, cement and IT sectors will continue to be top performers in the fourth quarter of the current fiscal year, an Assocham study projected on Tuesday.
Overall, jobs created in the cities dipped marginally to 550,000.
There could be multiple measures announced in quick succession, not only by the finance minister but also other ministers regarding their respective sectors, and by the Reserve Bank of India. The total size of these announcements could rival that of other G-20 nations as a percentage of GDP.
Indian corporates will cut their budget for Diwali gifts by about 50 per cent this year due to high inflation and shrinking profit margins, a survey by industry body Assocham said.
Srei Infrastructure's vice-chairman -- and former Assocham president -- Sunil Kanoria discusses the Kanoria businesses and his impression of the Modi government with Ishita Ayan Dutt and Namrata Acharya.
Norms for e-commerce likely, arm's-length pricing set for change.
Industry body Assocham on Tuesday said the Indian pharma industry would grow at 11 per cent to touch Rs 60,000 crore (Rs 600 billion) in 2007-08 from Rs 39,000 crore (Rs 390 billion) in 2003-04, when drugs worth $65 billion would go off patent.
Relishing mangoes this summer will cost a lot more as prices of the fruit have shot up by 50-65 per cent as supplies have been hit following unseasonal rain.
The survey was conducted in major places like Delhi-NCR, Mumbai, Kolkata, Chennai, Bengaluru, Ahmedabad, Hyderabad, Pune, Chandigarh and Dehradun on 'Budget 2013: Common man's expectations from the FM', the industry body said.
'Spectrum payment to push up telcos' debt to Rs 3.5 lakh cr'
Gujarat have clearly emerged as preferred investment destination.
Gujarat riots, terror attack in the United States and SARS outbreak in South East Asia led to a massive fall in foreign direct investment in India during 2001-02 to 2003-04, according to an Assocham report.
Pressure has been mounting on the Reserve Bank of India to cut interest rates in the wake of declining retail inflation and the need to fuel growth momentum. However, the RBI will have to do a tightrope walk as globally interest rates are inching upwards.
The industry is expected to spend an additional $500- 1,000 million during the same period on logistics functions.
The private sector accounts for over 62 per cent of the total outstanding investments attracted by India worth about Rs 122 lakh crore as of December 2012.
CPI leader D Raja also attacked govt for going back on its assurance to hold consultations with all stakeholders.
According to analysts, 11 PSUs, including Rashtriya Chemicals and Fertilizers and State Bank of Mysore, have government holding beyond the 90 per cent mark and the government will have to bring it down.
India Inc on Monday said the policymakers in the country must ensure corrective measures at the earliest to rebuild investor confidence.
The Railway Budget was a mixed bag for India Inc with industry bodies cautioning that the hike in freight charges will fuel inflation, while other chambers said some proposals if implemented could set the growth multiplier in motion.
In 2011-12, the state attracted new investment commitments in the real estate sector worth over Rs 1,200 crore (Rs 12 billion).
Filing with inadequate disclosure of assets will be liable for prosecution
Moreover, automobile and consumer durables players are slashing their ad expenditure by over 65 per cent this Diwali.
The survey said though the situation on the ground did not change in the last six months, prospects have improved for the next two quarters.
Food processing industry players are worried that this could have an impact on their overall investment plans.
The letters contain summary of information about financial transactions along with customised response sheet with a view to know why the person has not filed the income tax return.
Days ahead of Ratan Tata's retirement, an Associated Chambers of Commerce and Industry of India (Assocham) survey said the $100-billion Tata Group was perceived to be India's best-known global brand within and outside the country.
The fee for fund manager will change. As of now, they get 0.0009 per cent of the funds managed by them.
Industry body Assocham said the focus continues to be on rising inflation and not on the country's economic growth.
Companies were consulting law firms and consultants to understand the Bill.
According to Ahluwalia, if everything goes well on the economic growth front for the next three months, then one can say that the economy will be back on higher growth trajectory in the long run.
The quick survey done by Assocham found that during last year middle and lower middle income families on average spent nearly 29 per cent of their salary on Diwali for shopping, sweets, gifting etc.
Singapore has emerged as the most sought after destination for foreign direct investment by Indian companies, who invested over USD 500 million there in May.
While the four general insurers will have equal stake in the TPA, Life Insurance Corporation and General Insurance Corporation might hold a less stake.
Violence broke out in an industrial area in South Delhi on Thursday and factories attacked in capital's suburb Noida for the second day in the nationwide strike called by trade unions which badly hit banking services amid a mixed response in states.
It feels there is enough liquidity to take care of the lending activities of the banking system.
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