Ashok Soota has cited 4 challenges that India Inc is facing. He stressed on a robust risk management strategy for Indian companies. He also stated responding to changes in market environment, resolving legal and regulatory differences and encouraging leadership and accepting cultural diversity as other challenges. Highlighting the challenges faced by the India Inc, experts said globalisation is essential to pursue growth opportunities and leverage comparative advantage.
'There is a clear business impact. People are avoiding crowded places and gatherings across cities. This is hitting business, both at traditional and modern trade outlets, during the Holi season, which kicked off from Saturday,' says Praveen Khandelwal, general secretary, Confederation of All India Traders (CAIT).
Sakshi had prevailed 3-2 in the regulation bout but the decision was challenged by the Kazakh team and eventually overturned; Mary Kom marches into final.
Eight-time champions India have been clubbed alongside title holders Germany and World No 2 Netherlands in Pool B at the men's hockey competition at the 2016 Rio Olympics.
India Inc said the Foreign Trade Policy would give a significant push to manufactured goods and agriculture- and labour-intensive exports.
Indian freestyle wrestlers claim Asian team title in U-17 category
Last year, over 200 companies adopted 300 ITIs in the country and the involvement is gaining pace.
President of Portugal Anibal Antonio Cavaco Silva on Wednesday said India was now recognised as a success story, a place where "the future is being shaped".
The two apex chambers -- Federation of Indian Chambers of Commerce and Industry and the Confederation of Indian Industry -- said it was time corporate India did some serious introspection and improved governance standards. CII president K V Kamath said there was a 'need to immediately examine the loopholes in regulation, accounting, audit and governance that allowed such lapses to occur and address them with urgency'.
India's Textiles Minister Shankersinh Vaghela Thursday stressed the need for Asian countries to come together to enhance competitiveness and harness their advantages to withstand global competition.
India may become a wheat importing country with a lower than expected output forecast for this year at a time when domestic consumption has already outpaced production, a commodity expert said on Tuesday.\n\n
Companies, so far, were constrained by the provisions of Articles 370 and 35A, which restricted the purchase of land and hiring manpower.
The country's textile industry is concentrated in a few pockets of Gujarat and Maharashtra in the west and Tamil Nadu and Karnataka in the south.
The government may drop its plan to decriminalise cheque bounce offences after there were requests to continue the existing system, which can potentially make people honour their financial commitments due to fear of prosecution. It would seek directions from a Supreme Court panel formed to expedite the pendency of cheque bounce cases before taking a final call. Last year the Department of Financial Services (DFS) had proposed decriminalising minor offences, which included cheque bouncing, for improving business sentiment and unclogging court processes.
Apollo Hospitals and Fortis Healthcare are open to importing vaccines.
The Centre said on Wednesday it had made a good offer for the proposed Free Trade Agreement with the Association of South East Asian Nation and is awaiting ASEAN's reactions to it.
Oxford University has signed a memorandum of understanding with the Confederation of Indian Industry to set up India Business Centre.
The annual ball, renamed this year as 'India soiree', showcased the food, fashion and performing arts of the country.
Indian firms feared they would lose business if US ratified the Trans-Pacific Partnership agreement with 11 other countries.
The JCB Prize for Literature is worth Rs 25 lakh.
Finance minister P Chidambaram will inaugurate the 20th India Economic Summit to be held from December 5-7, 2004.
Congress President Sonia Gandhi on Monday suggested that corporate India should join the public sector and civil society in facilitating social change, while outlining primary education, health and nutrition as areas where the three could collaborate
Commerce and Industry Minister Kamal Nath said on Saturday that India now must gear up for agricultural exports apart from export of manufactured goods and services.
Addressing the annual meeting of the Confederation of Indian Industries, the prime minister said, India has a responsibility and a right to participate in the management of these global challenges. Pointing out the poor response to the ongoing energy crisis, he said the world oil demand rose by just one per cent per annum over the past two years, crude prices shot up by over 90 per cent in dollar terms and 40 in Euro terms.
The Tripura police have registered a case against four Supreme Court lawyers under the stringent Unlawful Activities (Prevention) Act (UAPA) and various sections of the Indian Penal Code for allegedly promoting communal disharmony with their social media posts about the recent violence targeting Muslims
With India emerging as an economic super power and a leader in the IT and biotechnology sector, Japan is keen on investing in the country, a former Japanese minister said in New Delhi on Thursday.
Riding high on the buoyant economy, an overwhelming majority of the India Inc lists innovation among the top three strategic priorities as compared to their global counterparts, a survey says.
BMS allies with breakaway faction of Congress-affiliated INTUC. This marks a new chapter in India's trade union movement
The Indian establishment in New Delhi is giving Putin's visit due importance.
India is ready to further cut import tariffs on industrial goods for using it as a strong bargaining point in World Trade Organisation negotiations, Commerce and Industry Minister Kamal Nath said on Monday.
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.
Decades after he received a letter from someone by the last name of Biden from Mumbai, soon after becoming a senator, Biden learned that his 'great, great, great, great, great grandfather' had worked in the East India Company. "There are five Bidens in Mumbai, India," Biden, then Vice President, told a Washington audience in 2015 at an event organised by the Confederation of Indian Industry and Carnegie Endowment for International Peace on the occasion of the 10th anniversary of India-US civil nuclear deal.
Cutting across party lines, chief ministers and others leaders urged the people to follow the self-imposed curfew from 7 am to 9 pm, noting that "social distancing" was key to breaking the chain of infection, as the number of coronavirus cases rose to 283 after 60 new cases were detected on Saturday, the highest so far in a day, and states like Maharashtra, Odisha and Bihar imposed partial lockdown till month end.
Regaining the lost sheen, sales of gold jewellery and coins are set to touch pre-COVID levels in volume terms on the auspicious Dhanteras as easing pandemic concerns and pent up demand saw consumers flocking to stores to buy the precious metal. Increased footfall at stores and brisk sales online as well as relatively softer gold prices compared to record Rs 57,000 per 10 grams level in August spurred increased buying, especially light weight offerings, on Tuesday. Dhanteras is considered to be auspicious for buying precious metals and other valuable items.
After stepping down from the board with effect from September 30, he will remain as Chairman Emeritus of the FMCG firm, according to a statement issued on Wednesday. The 79-year-old industrialist passed on the baton of GCPL to his younger daughter Nisaba Godrej in 2017 after leading the company for 17 years.
Particularly hit has been the apparel sector, where the time taken by the industry to adjust to the Goods and Services Tax regime, downward revision of export incentives, and a credit squeeze faced by small and medium scale enterprises, has pushed production downwards.
According to Staermose, the main issue is that the changes in labour laws should be done after holding extensive tripartite consultations.
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