Referring to disinvestment in National Hydel Power Corporation and the Oil India Limited, Mitra said while the enterprise value of NHPC rose from Rs 18,280 crore (Rs 182.8 billion) to Rs 37,702 crore (Rs 377.02 billion) after listing, that of Oil India Limited rose from Rs 9,844 crore (Rs 98.44 billion) to Rs 30,000 crore (Rs 300 billion).
Bharti Enterprises vice chairman and managing director Rajan Mittal said most of these will be Easyday stores.
Despite the inherent attractiveness of the rural market for telecom operators various challenges still mar their entry.
The feedback gathered from industry shows that while during the first half of current fiscal (April-Sept 2008) there was moderation in the growth of several segments of the services sector, from October 2008 onwards a marked deterioration in performance was seen in many areas. The survey is based on the interaction with over 250 representatives of various service-related industry associations, organisations, and companies in both the private and public sector.
A year after the 26/11 Mumbai attacks, are we better equipped to avert another such attack? Security experts don't think so.
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.
Diamond prices fell about 30 per cent last year and had recovered by almost 15 per cent this year. Further recovery is imminent by the end of this year, said Mehul Choksi, chairman of Gitanjali Gems, a leading jewellery manufacturer and retailer, on the sidelines of a seminar organised by the Federation of Indian Chambers of Commerce and Industry in Mumbai on Monday.
"Land is limited, land is precious, land holds a special value to farmers and their families. We have to be sensitive to those who lose land to the industry knowing fully well that the industry also needs space. Emprical evidence shows that options other than compulsory land acquisition are also possible," said West Bengal Governor Gopalkrishna Gandhi. Without mentioning Singur even once, his speech at the ICC highlighted the farmers' interest.
With the liquidity situation in India likely to be a little tight in the days and months ahead, the surveyed economists believe that the Reserve Bank of India may not raise interest rates in a hurry and ensure enough liquidity in the system to keep the growth momentum going.
As per the Budget estimate, net borrowing by the government in the current fiscal is pegged at a whopping Rs 3,97,957.47 crore (Rs 3,979.57 billion) to fund its widening fiscal deficit projected at 6.8 per cent of GDP this fiscal due to a slew of measures taken to boost the economy, which is facing the impact of financial meltdown.
The minister addressed the Global India Business Meeting organised by the Federation of Indian Chambers of Commerce and Industry in the German city. CEOs of leading firms from India, Germany, the US and Saudi Arabia, including Siemens, Volkswagen, AirAsia, Bajaj Auto, Genpact India and Infosys attended the conclave.
Sources said the people would be hired at different levels, including application examiners.
India's exporters are looking out for Euro-dominated trade opportunities due to strengthening of rupee and pressure on profit margins, according to a survey by the Federation of Indian Chamber of Commerce and Industry (FICCI).
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.
India and Russia have agreed to double bilateral trade within 3 years to $10 billion.
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.
The economic slowdown in India preceded global meltdown due to stoppage of reforms by the UPA government, former union disinvestment minister Arun Shourie said.
According to latest figures, food inflation stood at 19.83 per cent during the third week of December.
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.
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.
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.
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.
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.
'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
Leading public sector general insurers have mooted the idea for a regulator to standardise the costs of medical treatment across the country.
By virtue of its position as a global repository of international financial expertise
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
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.
Speaking on the sidelines of an HR conference organised by the Indian Chamber of Commerce, S Tambe, vice president, human resources & corporate administration, TML said, "There are companies that haven't given a raise this year but we are definitely looking at giving increments this year."
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