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.
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.
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.
'For our traditional membership base, it would be an access to disruptive ideas,' FICCI President Subhrakant Panda tells Asit Mishra/Business Standard.
The community is planning to welcome Modi at every possible location where he could be available during his three-day stay.
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
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.
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.
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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.
Handset firms Karbonn and Lava International launched their smartphones, while Maxx Mobiles introduced its feature phone targetted at the rural market.
India has announced suspension of all tourist visas till April 15 in a bid to contain the spread of the virus.
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.
'We look forward to seeing them show off their knowledge and hard work as they square off against the dictionary on the national stage.'
Mitra said that Tata group firm TCS was creating additional 20,000 jobs.
"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.
Exporters on Thursday demanded fiscal incentives, tweaking in customs duties on certain products and credit at affordable rates in the forthcoming Budget to boost exports and create jobs. In a pre-budget virtual meeting with Finance Minister Nirmala Sitharaman, the Federation of Indian Export Organisations (FIEO) said the depreciation of the rupee against the US dollar is affecting exports' competitiveness and the sector requires more support. "Creation of employment is the biggest challenge faced by the country...We would urge the government to provide fiscal support to units which provide additional employment in the export sector," the exporter's body said.
The government also appointed Dr Vinod Paul, a pediatrician at the AIIMS, as a member of the NITI Aayog
'My father's life sends a message that there are positive things happening between India and China, no matter what happens at the border.'
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.
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.
Mamata woos industry with boat ride to Gangasagar, Sundarbans
Inflation, remained in negative territory for the 7th month in May
Development in state has benefitted community, they say.
It is equally essential to recognise the judiciary's role in the constitutional dialogue as it acts like a safety valve for fostering our democratic values, she said.
If you have seen Zwigato, Param Kumar's story will sound familiar. Laid off from his job as a repairman at a Gurugram-based water purifier provider, he now delivers groceries and food for a mobile-based delivery app, in Delhi. Kumar, who started making deliveries last August, told Business Standard that he is working longer hours than his older salaried job as an RO repairman, and has no paid leaves or health insurance. Kumar is part of India's estimated 7.7 million-strong force of gig workers.
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.
The Sikkim Government has confirmed that 14 people have died so far in the flash floods that occurred in Sikkim in the early hours of Wednesday.
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