A survey by the Confederation of Indian Industry and Ascon for the April-June quarter reveals that almost half of the respondent companies recorded a growth rate in excess of 10 per cent. A study by the Federation of Indian Chambers of Commerce and Industry projected a growth rate of 9.5 per cent for the sector in 2008-09.
A successful entrepreneur from Karnataka, Rajeev founded Jupiter Capital, a venture development managment and investment company, in 2005 and launched the Kannada channel Suvarna in 2007.
Sources said the people would be hired at different levels, including application examiners.
'Das is friendly, but he finally does what he does. The quality of engagement is very good.'
After attending a meeting in Mumbai with RBI's top brass headed by Governor D Subbarao, Harsha Pati Singhania, president, FICCI, said the real rate of interest remained in double digits despite inflation having declined sharply. "Given the present interest rate structure and the inflation rate, real rate of interest is still in double-digits. With the near-zero rate of inflation, the real and nominal rates of interest are almost at the same level," said another industrialist.
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.
Rising crude oil prices along with hardening interest rates in the domestic market have taken a toll on India Inc's growth outlook in the first quarter of the current fiscal.
Outlining priorities for improving the country's international rating and putting it on a high growth trajectory, the Federation of Indian Chamber of Commerce and Industry on Thursday suggested massive overhaul of infrastructure and special emphasis
'No nation can be self-sufficient in defence, nuclear and space technologies without domestic capabilities in hardware development and manufacturing,' says the Wipro chief.\n\n\n\n
Calling for a strong collaboration between industry, the Centre and states to tide over infrastructure gaps, he said it is time the country catapulted itself into a major manufacturing hub by positioning it as an alternative to China, which is the world's factory now.
L K Advani, Bharatiya Janata Party stalwart and leader of the Opposition in Lok Sabha, addressed the 81st annual general meeting of the Federation of the Indian Chambers of Commerce and Industry (FICCI) on Thursday. In his speech, Advani makes a strong case for Swadeshi, creatively redefined, as a model of development to benefit Bharat, and not just India.
According to a study by industry association Federation of Indian Chambers of Commerce and Industry and telecom consulting firm BDA, 3G revenues in the country will reach $15.8 billion, 46 per cent of the total wireless revenue, by 2013.
Leading public sector general insurers have mooted the idea for a regulator to standardise the costs of medical treatment across the country.
There can be no serious argument for not having an independent regulator in every sector. Regulators in a sector are akin to independent directors on the board of a company who ensure that the game is played by some rules.
According to latest figures, food inflation stood at 19.83 per cent during the third week of December.
In a pre-budget meeting with revenue secretary P V Bhide, a Ficci delegation asked the finance ministry to tread with caution on rolling back the stimulus measures taken to spur growth.
The exemption from MAT does not apply retroactively.
Marigold has been in the making for a long time.
The Federation of Indian Chambers of Commerce and Industry has partnered with the World Intellectual Property Organisation to launch an anti-piracy and counterfeit campaign next month.
By virtue of its position as a global repository of international financial expertise
The reservation of jobs in the private sector will tantamount to putting the clock back on economic reforms and not even political parties are ready for a legislation making employment of SCs and STs binding on India Inc, industry body Ficci said.
Reacting to Finance Minister P Chidamabaram's statement that a section of industry is artificially pushing up prices, Habil Khorakiwala, the new president of Federation of Indian Chambers of Commerce and Industry said there was no evidence
"We are ready with our money but it's so difficult to get a business visa to India,'' said Dr Abdul Rahman A Al Rabiah, managing director of Alrabiah, a consulting and engineering services company. Quoting instances, Rehman said, "Business leaders who have five-year multi-entry visa into the UK and Europe are merely given a three-month visa for India.''
Maharashtra topped the chart in terms of attractiveness at sub-national level in a weighted index calculated on the basis of individual ranking provided by participants of Ficci FDI Survey 2006.
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.
The apex bank in its monetary policy for 2010-11 hiked the repo and the reverse repo to 5.25 per cent and 3.75 per cent, respectively, and the CRR to 6 per cent.
Ex-head of BPL Mobile and currently a Rajya Sabha MP, Rajeev Chandrasekhar will be the new head of Ficci.
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