The Cabinet has cleared the proposal for metro rail in Hyderabad, Mumbai and Bangalore, Union Minister for Urban Development Minister Jaipal Reddy said on Friday.
Nandigram may have turned into a war zone once more but the industry feels that the issue is national. Despite the current crisis being a turf war between the political parties, the genesis of the issue is land acquisition for a chemical hub project. Harsh K Jha, president, Indian Chamber of Commerce and MD of Tata Metaliks, said Nandigram per se may be a state issue but it has affected the investment climate and land acquisition across the country.
In his maiden Budget presented in Parliament on July 10, Finance Minister Arun Jaitley has tried to provide relief to the middle class by increasing tax exemption limit by Rs 50,000 to Rs 250,000.
Saudi Arabia, the world's leading oil producer, is planning to invest $80 billion to increase its oil output to 12.5 million barrels per day (bpd) and expand its refining capacity by 43 per cent to six million bpd within the next few years.
Saudi Arabia has emerged as a lucrative investment destination for Indian firms with over 190 of them getting licenses from the Saudi Arabian Investment Authority over the past two years.
Turning pro-active on the issue of private sector job reservation, Prime Minister Manmohan Singh has constituted a coordination committee of officials to go into the issue of affirmative action by business and industry in providing jobs for SC, ST.
Information Technology major Infosys on Tuesday signed an agreement with Australian company Smart Internet Technology CRC to partner in research and development projects.
The project was linked with the larger interest of the national security, he said.
Bilateral trade between India and Thailand was expected to touch $10 billion in the next three years from the current $3.4 billion, Vice-Chairman of the Board of Trade of Thailand Somkiat Anuras said on Monday.
By May this year, awards in highways projects will swell to Rs 2 lakh crore from Rs 1.6 lakh crore now
A delegation of about 100 chief executive officers from several national and multi-national companies will be visiting Kashmir to explore the business possibilities in the region as well as some leisure time.
India Inc is seeking at least quarterly interactions with senior government representatives to establish a channel of communication and help change the opinion at the highest level.
The six AEZs in West Bengal are for pineapple, lychee, potato, mango, vegetables and Darjeeling tea.
Planning Commission Deputy Chairman Montek Singh Ahluwalia on Saturday strongly supported the view that petroleum prices in the country should "align with the global price."
With the Sharif family set to return to power in Pakistan amid the fast-deteriorating economic situations and political instability, it is to be seen if Shehbaz Sharif infuses fresh energy into the system, or the much-tainted family continues to resort to its old ways.
Federation of India Chambers of Commerce and Industry on Friday warned that the new taxes on the corporate sector like Fringe Benefit Tax would severely hit the tottering savings and investments.
Ten Indian companies are trying to set up base in the UK over the next one year, a British diplomat said in Kolkata on Monday.
The Associated Chambers of Commerce and Industry of India has predicted that the foreign institutional investment inflow into India will touch the $50 billion mark as compared to $40 billion in 2005.
The government would not withdraw fringe benefit tax, which was introduced in the 2005-06 Budget, but the process would be made less painful, Central Board of Direct Taxes chairman M S Darda said on Friday.
According to the Assocham Eco Pulse study, the 14 per cent growth in exports to countries like the US, UAE, Singapore, China and Germany responded to the growth in their real GDP.
Expressing concern over India's huge import bills on energy, Defence Minister Pranab Mukherjee on Friday said the situation regarding the international energy supplies figured promptly during his discussions with the US defence secretary Donald Rumsf
India may be the largest consumer of gold in the world; but not only that the quantity of gold that the country produces is dismal, but it plays no influencing role in determining the pricing of the yellow metal.
China said on Monday the bilateral trade between the communist nation and India would touch $20 billion in the current year. \n\n
Customers have rejected the conditional access system, which if implemented would be a boon for consumers, multi-system operators and broadcasters, according to Kunal Dasgupta, chief executive officer of Sony Entertainment Television India Pvt Ltd.
Reserve Bank of India and State Bank of Pakistan are working on modalities for opening branches of each other's banks in both the countries.
