India's economic condition is expected to improve by 2022 though the gap between the rich and the poor would widen, said C K Prahalad, management consultant and author of corporate strategy, including The Core Competence of the Corporation, said on the sidelines of the CII press conference.
The removal of tariffs would result in health insurance becoming the second-largest business for general insurance companies over the next three years.The health insurance premium which stood at Rs 675 crore in 2001-2002 has risen to Rs 3,200 crore by March 31, 2007.
The country's largest car maker, Maruti Suzuki India, on Thursday said that "Tata Nano" may have a marginal impact on the sales of its entry level small car Maruti 800 but ruled out cutting its price.
The country's largest bike maker, Hero Honda, on Thursday said the launch of the Rs 1 lakh car 'Nano' will not have any impact on the two-wheeler industry.
"Higher the number of creative minds, the faster India will transform into a developed nation," the former President told participants of "Imagine and Innovate", a contest for teens organised by the CII in Chennai.
Indian clean technology businesses are finally catching the attention of investor community. New Ventures India - founded by World Resources Institute and CII-Godrej Green Business Centre - aims to fund 50 entrepreneurs in this segment by 2010 with a target investment of $250 million
The Nand & Jeet Khemka Foundation and The Schwab Foundation for Social Entrepreneurship, in collaboration with United Nations Development Program (UNDP) and Confederation of Indian Industry (CII), have opened nominations for India's 'Social Entrepren
The government on Monday said it has no plans to ban more farm commodities from futures market and hoped that suspension of trading in soya oil, chana, potato and rubber would not be extended beyond four months.
The country's largest private lender ICICI Bank on Monday said that interest rates are expected to come down in the next one-and-a-half months.
Ruling out any price band, the government on Friday said domestic steel prices should come downfollowing the softening global trend.
Terming inflation as a key challenge, the Confederation of Indian Industry on Thursday said the government is worried, but not panicked, that rising prices may go to levels where controlling it could become difficult.
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.
Kotak Mahindra Group MD Uday Kotak on Friday said it will be tough for stock exchanges to decide whether to stop trading in the Satyam scrip, which has fallen by over 95 per cent in a matter of two days' trading on the NSE.
Bharti Airtel on Wednesday said introduction of mobile number portability is unlikely to affect the company's margins as it expects a major churn out of subscribers in favour of GSM operators.
ICICI Bank's Managing Director and Chief Executive K V Kamath is of the opinion that inspite of the marginal dip in growth India's long-term economic growth potential remains sustainable. However, he said the growth may slip from the previous 10 per cent level to around 8 per cent this fiscal. The services sector, contributing 60% to GDP, will help sustain the growth path. He said present inflation is a supply-side phenomenon and is not due to any over-heating in the economy.
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.
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.
"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.
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.
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.
RBI has cut the rates thrice so far in 2015 by 25 bps each.
According to a study more than one-fifth of India's product start-ups are from the city.
It is the six per cent target RBI is more concerned about.
It includes a session with Gadkari on analysing the initiatives needed to bridge the $1 trillion infrastructure deficit in the country.
Asset management firms relying heavily on liquid fund investments.
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."
'RBI and the economy will gain tremendously from Urjit Patel's experience in both private and public sectors'
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.
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
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.
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.
'The ban on Chinese imports is a suicidal step.' 'This will result not only in economic depression, but in a chaotic situation.'
In its morning update, the Union health ministry said the total number of positive cases has reached 2,16,919 with a record spike of 9,304 new cases since Wednesday 8 am across the country, while the death toll has increased to 6,075 with 260 more fatalities in this period. A PTI tally of figures announced by different states and union territories, as of 9.50 pm, showed a higher number of confirmed cases across the country at 2,17,389 and the death toll at 6,233.
