India Inc has found renewed hope in the capital markets for the next six months but has painted a gloomy picture for the long-run due to the uncertainty arising out of impending general elections.
Australia on Tuesday offered to sell LNG to India even as it said that high tariffs in several areas including coal and wool were proving prohibitive in increasing two-way trade.
The government on Tuesday said that the textile exports from India will double from the current levels within a year of the Multi Fibre Agreement coming to an end.
Market for colour televisions is expected to show 15 per cent growth in April-September 2004-05 after the segment saw a fall of 10 per cent in volumes in the same period last year, according to a survey.
The Federation of Indian Chambers of Commerce and Industry on Saturday said that economic growth of 8-10%, as envisioned by the NDA, was quite possible, and it has worked out an action plan in this regard for the next five years.
Enthused by the high 8.4 per cent growth in the second quarter, the Reserve Bank of India on Wednesday revised upwards the economic growth for 2003-04 at 7 per cent.
Banks have outsmarted housing finance companies by cornering 65 per cent of the home loan market, which grew by a whopping 76 per cent to Rs 51,673 crore last fiscal, a Federation of Indian Chambers of Commerce and Industry survey said on Tuesday.
'Das is friendly, but he finally does what he does. The quality of engagement is very good.'
A prolonged war in Iraq would shake the Indian economy with oil prices going up and growth rate dropping to 2.5 per cent, A C Muthiah, the president of Federation of Indian Chamber of Commerce and Industry
Tata Group-owned Air India has informed the Centre that aircraft lessors wish to set up their special purpose vehicles (SPVs) outside India since they aren't enthused about the Indian 'legal structure' and are loath to take risks. Indian airlines have a combined fleet of about 700 planes; over 85 per cent are on lease. A majority of lessors are based in Ireland due to its attractive tax policy, light-touch regulations, and swift legal system.
'We will see a lot of investments from the private sector.' 'As long as we are not impacted by some global events, I think we will be in a strong place.'
Handset firms Karbonn and Lava International launched their smartphones, while Maxx Mobiles introduced its feature phone targetted at the rural market.
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Ahead of the visit, Chinese embassy officials briefed Indian scholars that investment promised would be $100 billion. How this figure came down to $20 billion is a mystery.
It's seen as a signal that he wants to engage with India Inc at a time when the economy has started looking up.
Long-distance runner Lalita Babar was named Sports Person of the Year at the India Sports Awards 2015 in New Delhi on Monday.
Narendra Modi is to hold summit-level meetings with the heads of more than 50 African nations on Thursday.
French companies have invested more than $1 billion per year in India.
In a response to the August 3 order, the Centre, represented by Solicitor General Tushar Mehta, said till the time either the legislature or the poll panel steps in, the top court must lay down "dos and don'ts" for political parties in the 'larger national interest.'
The government also appointed Dr Vinod Paul, a pediatrician at the AIIMS, as a member of the NITI Aayog
16 national and regional industry bodies and sectoral business lobbies video-conferenced with Commerce and Industry Minister Piyush Goyal on Saturday and raised key concerns facing Indian industry in the wake of the 21-day lockdown over coronavirus.
India has announced suspension of all tourist visas till April 15 in a bid to contain the spread of the virus.
For months, offline retailers and traders have been lobbying hard for a national retail policy to protect their business from the growing influx of e-commerce.
Development in state has benefitted community, they say.
NITI is trying to partner with other knowledge institutions.
From installing water-saving aerators on taps to using cans for washing hands and dishes, Bengaluru is adopting diverse strategies to tide over the water crisis. While several citizens have taken to social media to urge Karnataka Chief Minister Siddaramaiah to make work from home mandatory for IT companies, it appears that hybrid mode will continue to be the norm for most - although with new water conservation measures in place. Co-working space provider Urban Vault has, for instance, installed smart water meters to detect leakage.
The community is planning to welcome Modi at every possible location where he could be available during his three-day stay.
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Raghuram Rajan, who took over as RBI Governor on September 4, is scheduled to unveil on Friday mid-quarter monetary policy review, an event keenly awaited by industry and banks.
"So you will not have anything better... democracy loving, capitalist respecting environment... in India," Sitharaman said at the event hosted by the Federation of Indian Chambers of Commerce and Industry in association with the US India Strategic and Partnership Forum.
India was ranked 142 last year, but in the latest report it was revised to 134.
India's first Winter Olympian, Shiva Keshavan, on Monday urged the authorities to come forward and help the athletes who are left to battle all odds in their quest to bring laurels to the country. Taking part in a panel discussion under the banner 'International Convention on Business of Sports', organised by Federation of Indian Chambers of Commerce and Industry (FICCI) here, the youngest ever athlete to officially qualify for the Olympic Games in luge said, "We sportsmen are always very altruistic. We focus so much on doing well in our respective disciplines that nothing else matters to us. But, the government should come forward and help us nonetheless." The 34-year-old athlete from Manali took part as an independent participant in 2014 Sochi Winter Olympics due to the suspension of Indian Olympic Association (IOA). However, as the ban was lifted while the Games were still on, he ended up competing under the Indian flag. "I have taken part in five Winter Olympics without a coach. I always wanted to be trained under a good coach. But later, I realised that I wasted a lot of time chasing a lot of things," said Keshavan who finally found a coach in American Duncan Kennedy but had to part ways after a short stint due to financial constraints. "The government was only paying for a part of his (Kennedy's) salary," he said.
West Bengal, the chief minister said, cannot be compared with other states and despite all hurdles it had an increased revenue generation over the last three years from Rs 21,000 crore (Rs 210 billion) to Rs 40,000 crore (Rs 400 billion).
However, in recent times, the clout that trader bodies such as CAIT and other organisations like Swadeshi Jagran Manch and Laghu Udyog Bharati has is steadily increasing. Earlier this year, trader bodies were able to convince the government not to extend the deadline for implementation of the new norms in FDI policy on e-commerce.
CII suggested the policy measures required to ease the tight liquidity situation by cutting CRR by at least 50 basis points.
The queries can now be addressed to and their responses accessed from the makeinindia.com website that was unveiled along with the campaign aimed at making India a manufacturing hub by Modi at a mega event in New Delhi on Thursday.
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.
Pullela Gopichand called P V Sindhu and Saina Nehwal -- his two most successful pupils -- as 'precious diamonds'.
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The rate cut, the industry chambers argued, could have given a positive signal to the manufacturing sector, which is undergoing difficult times.
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