Just five days after mandating all listed companies to have a minimum 25 per cent public float, the government said on Wednesday indicated it was open to a review of the new rules. "If there is need for any modification, correction, amendment, or may be amplification, it will be done," Finance Secretary Ashok Chawla told reporters on the sidelines of a function by the Confederation of Indian Industry.
Leading businessmen from India and Pakistan on Monday called for closer commercial ties between the two countries and said commerce could well turn out to the harbinger of peace in the Subcontinent.
The report of the committee could be taken up at the next meeting of Securities and Exchange Board of India.
The bilateral trade between India and Brazil is expected to cross $6 billion this year, according to Brazil-India Chamber of Commerce.
The Indian vaccine industry largely feels there are two ways in which vaccine innovation can be spurred - one, get a high price for the product and two, have the government buy a few hundred million doses of the product at a certain price.
Inflation may come down to RBIs projections, if it does not we will have to take steps, RBI deputy governor K C Chakrabarty said on the sidelines of an event organised by Confederation of Indian Industry and Suresh Neotia Centre of Excellence.
Software major Infosys was eyeing Tier-II cities like Tiruchirapalli and Madurai in Tamil Nadu for its expansion once the global economy recovered from the current recession, a top company official has said.
The Confederation of Indian Industry is organising 'Digital Maharashtra', an IT convention in Pune on November 29 to showcase the business climate and investment opportunities for the infotech industry in the state.
Corporate affairs minister also rules out private sector job quota.
Anand Mahindra, vice chairman and managing director of Mahindra and Mahindra, took over as the president of the Confederation of Indian Industry on Tuesday.
The Confederation of Indian Industries, on Friday, was all praise for the Atal Bihari Vajpayee-led coalition governments in terms of being development-oriented and helpful to the industry.
The study found out that in terms of tourism budget, Jharkhand ranks the highest with Rs 160 crore, compared to West Bengal's Rs 31 crore (Rs 310 million), Orissa Rs 44 crore (Rs 440 million), Bihar Rs 25 crore and Chattisgarh Rs 50 crore (Rs 500 million).
India's existing web of federal and state sales taxes is levied at different stages of the supply chain and often results in double taxation, while forcing trucks to spend nearly a quarter of their road time in border checks or other inspections.
The ministry had revised the estimates of direct and indirect taxes after healthy collection.
As a rule, when Tarun Das speaks, he is to be taken seriously. The exception occurs when the Confederation of Indian Industry's former chief mentor says that Deepa Prahalad is a clone of her father's.
The Congress-led government was caught napping over the Left Front's opposition to the India-United States nuclear agreement, feels B J Panda, a member of the Rajya Sabha.
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."
Several start-ups have raised concerns over taxation of angel funds under Section 56 of the Income Tax Act, which provides for taxation of funds received by an entity.
The Confederation of Indian Industry rated the performance of the NDA government on the economic front "excellent" even though the reforms agenda was unfinished.
To further boost bilateral economic ties with the US, Confederation of Indian Industry would organise a series of road shows, 'IndiaConnect-USA', from April 8-18.
A team of more than 60 people under Neeraj Mittal, an IAS officer, was instrumental in getting up the New Industrial Policy 2021 targeting investments of around Rs 10 trillion by 2025.
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