Information Technology major Infosys on Tuesday signed an agreement with Australian company Smart Internet Technology CRC to partner in research and development projects.
The economists, polled by industry body Federation of Indian Chambers of Commerce and Industry, said the RBI may raise the cash reserve ratio, which is a portion of deposits that banks keep in cash with the central bank, by 50 basis points to 5.5 per cent, although this would have no impact on containing inflation.
There is tremendous potential for increasing the Indo-British trade from the current $12 billion to $25 billion in the next couple of years, according to leading Indian parliamentarians and businessmen.
Pirates won't have it easy any more as the organised market gets savvy.
The rumour verification process would now be triggered by changes in price or 'material price movements', as the paper defines it. What this means is that companies would need to verify rumours only if the share price moves significantly.
Ficci Secretary-General Amit Mitra said this new not-for-profit organisation had been set up to improve the availability of skilled manpower in India and Ficci had picked a 10 per cent stake in this company for Rs 51 lakh. The Skills Development Corporation itself is empowered with a corpus of Rs 1,000 crore. A Ficci representative will also be on the board of this company.
Addressing the annual meeting of the Federation of Indian Chambers of Commerce and Industry, the BJP leader slammed the Manmohan Singh government as 'non-functional' and 'internally paralysed' and claimed that 'people are already looking beyond' it.
Majority of foreign companies plan expansions and perceive 'opportunities' for higher investment provided bottlenecks in infrastructure, legal and labour laws are removed, a survey by Federation of Indian Chambers of Commerce and Industry said.
There is an urgent need to establish direct air links between India and Indonesia to enhance trade relations between the two countries, Indonesia's charge d' affaires to India Suhadi M Salam said at a meet in New Delhi on Monday.\n\n\n\n
According to a majority of respondents in a survey conducted by FICCI, the BSE barometer's new achievement is likely despite the overall business confidence dipping to a five-year low and GDP growth slowing down to 8.9 per cent.
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.
India's bilateral trade with China will cross $1 billion this calendar year, but the country needs to diversify from iron-ore exports to other areas such as dairy, yarn and electrical machinery for sustaining the momentum, a top government official s
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.
The Federation of Indian Chambers of Commerce and Industry on Thursday said it was not averse to a change of guard at the Centre but wanted the new government to continue the reforms process and provide stability.
Federation of Indian Chambers of Commerce and Industry has set up a 'Diaspora Division' for forging a producive partnership with Indians living abroad as part of its efforts to tap the economic potential of overseas Indians.
'Das is friendly, but he finally does what he does. The quality of engagement is very good.'
Highlighting India Inc's drive for fresh investments, FICCI on Thursday called for the revival of development finance institutions by allowing agencies like IFC and ADB to play strategic roles in DFIs.
'I am not saying we will get $10 billion from overseas Indians at the end of the Pravasi Diwas conference. We will get just a trickle but the interest will be generated,' says FICCI Secretary-General Amit Mitra.
They were recognised for their contribution to Hindi cinema.
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.
Lack of corporate governance is a long-term health hazard for the corporate world and adoption of ethical standards along with governance could reflect in the bottomlines of companies, according to the Securities and Exchange Board of India.
Harsh provisions of the Securitisation Act are killing entrepreneurial activity and might hinder industrial growth, according to a survey conducted by the Federation of Indian Chambers of Commerce and Industry.
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