CII opposed some provisions, especially on the proposed move to the new definition of a subsidiary, and that a subsidiary cannot have another subsidiary, in the Companies Bill, saying that it will stunt growth in the corporate sector.
Information and Broadcasting Minister Ravi Shankar Prasad is leading a delegation to the Cannes Film Festival, where Bollywood star Aishwarya Rai's nomination on the jury has created an India focus in the Cannes market this year.
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CII hopes that the RBI would not wait for the next quarterly review but intervene sooner if the economic condition warrants a mid-course correction.
The Confederation of Indian Industry on Monday revised upwards its projections for the country's gross domestic product growth to 7.2 per cent for 2003-04 as against its earlier projection of 6.5 to 6.8 per cent.
Oxford University has signed a memorandum of understanding with the Confederation of Indian Industry to set up India Business Centre.
Confederation of Indian Industry has suggested levying of basic excise duty at uniform rate of eight per cent across the value chain in textiles stating "it will make the sector competitive in the global market."
The impact of the parting of ways between Geneva-based World Economic Forum and CII was felt on the ground when president of the industry chamber Adi Godrej was prevented from entering a discussion hall.
The Confederation of Indian Industry expects an upswing in the Indo-UK bilateral relations under new British Prime Minister Gordon Brown.
The Confederation of Indian Industry will start its Shanghai office in July, a senior official of the chamber said.\n\n\n\n
The Confederation of Indian Industry will accompany a high-level delegation of Indian Members of Parliament to the United States from May 19 to 23 as part of efforts to foster better bilateral trade ties.
With its inherent advantages, Karnataka has the potential to become a global aerospace hub by 2015, an industry body said on Friday as it urged the state government to launch a host of initiatives to make this happen.
Economic growth slipped to a nine-year low of 6.5 per cent last financial year, but India Inc fears further deceleration in the GDP expansion during 2012-13, shows a survey.
The Congress vice president made a political speech to the mandarins of corporate India. He charmed them with his good intentions but left them unsure with his ability to get things done. Sheela Bhatt analyses the Congress scion's address at the CII.
Projecting a higher growth rate of 8.3 per cent, the Confederation of Indian Industry on Thursday tempered the optimism with the caution that hardening interest rates, below-normal monsoon and spiralling oil prices could cut-off the crescendo.
'I found it unbelievable that L&T said 45,000 jobs were waiting to be filled because of unavailability of suitable skillsets.' 'So, when the Opposition sweepingly says there are no jobs, I'm sorry... I'm not saying it's raining jobs, but there are jobs. The (skill) gap has to be bridged.'
A 14-member CEOs' delegation, led by Sunil Kant Munjal, President, CII, will embark on a mission to the UK from June 29 to July 1.
The summit would be held from November 4-6.
CII and ICICI on Wednesday signed an agreement, during the National Council meeting of CII to formally launch the GBC-USAID Global Development Alliance Project, which aims to foster Green Businesses in India.
The Gulf Cooperation Council (GCC) countries and India are expected conclude a free trade agreement for boosting trade within a year, K K M Kutty, former chairman of industry chamber CII (southern region), has said.
Corporate India is starting to step up its capital expenditure plans amid government incentives and signs of rising demand, company executives and analysts have indicated. This coincides with the Reserve Bank of India (RBI) recently citing a double-digit growth in private capital expenditure. Healthy balance sheets of banks and corporates, along with increasing capacity utilisation and improving business sentiment, are contributing to a favourable environment for sustained growth in private sector investments, the RBI said in its policy last week.
