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.
Pradipto Ghosh, additional secretary in the Prime Minister's Office, has indicated that a national policy on the subsidy issue is in the offing.\n\n
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.
President A P J Abdul Kalam on Wednesday asked the industry to encourage entrepreneurship to achieve an economic growth of 10 per cent and help eliminate poverty in the country.
In a bid to woo foreign investment, the government on Friday said friendly economic policies would be continued to enable the country to move on to higher growth of 6.5-7 per cent this fiscal.
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.
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
The community is planning to welcome Modi at every possible location where he could be available during his three-day stay.
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.
While the responses of the candidates were predictable, depending on which side they belonged to, an interesting point slipped through when Rahul Shewale cited the Dharavi Redevelopment Project as a scheme that would add to Mumbai's importance. No big infrastructural project in Mumbai, he said, could be successful without the Centre's nod.
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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.
'I tell those in their 20s that age is on their side and they should start exercising early.' 'Just like investing in good stocks, if they start early, they will get the multiplier effects of being healthy, fit and strong later in life.'
Handset firms Karbonn and Lava International launched their smartphones, while Maxx Mobiles introduced its feature phone targetted at the rural market.
Mahindra & Mahindra chairman emeritus Keshub Mahindra passed away this morning in Mumbai due to old age. Mahindra, 99, breathed his last this morning at home peacefully, said a person close to the family. After joining the company in 1947, he became the chairman in 1963.
India's security concerns over Chinese telecom equipment are groundless, a Chinese trade body has said, asserting that Chinese companies used same technologies as their Western counterparts and banning them was discriminatory.
Unfazed by the Supreme Court upholding winding up of the company, shareholders of Devas Multimedia will continue to seek seizure of Indian government assets abroad to collect $1.2 billion the firm has been awarded by arbitration tribunals for cancellation of a satellite deal but are open for talks to settle the issue, their counsel said. "The decision by the Supreme Court does not change anything. The Modi government and the Indian courts cannot rewrite the facts. "Their flimsy allegations of fraud will never stand up in courts outside of India," said Matthew D McGill, partner at Gibson, Dunn & Crutcher, and lead counsel for several Devas' shareholders.
Mitra said that Tata group firm TCS was creating additional 20,000 jobs.
India has announced suspension of all tourist visas till April 15 in a bid to contain the spread of the virus.
Petrol pumps in many cities witnessed long queues on Tuesday as people came to fill up their vehicle tanks fearing shortage of fuel amid the protest by truck drivers against a provision in the new penal law on hit-and-run accident cases involving motorists.
The government also appointed Dr Vinod Paul, a pediatrician at the AIIMS, as a member of the NITI Aayog
'For our traditional membership base, it would be an access to disruptive ideas,' FICCI President Subhrakant Panda tells Asit Mishra/Business Standard.
"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.
Mamata woos industry with boat ride to Gangasagar, Sundarbans
Inflation, remained in negative territory for the 7th month in May
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.
India scripted history as the ambitious third Moon mission of the Indian Space Research Organisation (ISRO) touched down on the Moon's south pole, propelling the country to an exclusive club of four and making it the first nation to land on the uncharted surface.
The challenge for the RBI in 2024 is likely to be less about containing elevated inflation and more about curbing excessive financial market exuberance and a 'problem of plenty', notes Sajjid Chinoy, Chief India Economist JP Morgan.
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.
'We look forward to seeing them show off their knowledge and hard work as they square off against the dictionary on the national stage.'
French companies have invested more than $1 billion per year in India.
The roadshow will bridge any existing gaps and assist Indian companies seeking to invest in Dubai.
Nine Indian-Americans were awarded by the Indo-American Chamber of Commerce of Greater Houston (IACCGH) for their contributions towards enhancing the mutual relationship between India and the United States.
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