As the Modi government enters the fourth year of its tenure, it is looking more confident, shedding its earlier inhibitions about offering sops or new opportunities to big business, says A K Bhattacharya.
President A P J Abdul Kalam on Tuesday exhorted India Inc to improve its competitiveness so that its position is bettered at the competitive index from the present 50th to within the top ten globally.\n\n
What drives Pakistani men to join its military, despite the toll it takes on them?
In peace and at war, firms remain tethered to promoter families in a uniquely Indian way.
Relax fiscal consolidation, boost public capex and reduce cost of finance, industry tells Centre
Industry believes economy could grow well but worries about hampering by lack of infrastructure.
The EC had on Saturday issued a notice to the Karnataka Congress over its "corruption rate card" advertisements published in newspapers in the run-up to the May 10 state polls and sought "empirical evidence" to prove its allegations by Sunday evening.
Congress President Sonia Gandhi, her son Rahul, Motilal Vora, Oscar Fernandes, Suman Dubey and Sam Pitroda are accused in the case.
Corporate India has put together a whopping $20 billion (Rs 90,000 crore) so far this year to fund its merger and acquisition bills abroad, surpassing all previous full year totals.
India Inc's share of the global public and additional offerings was unchanged at 2.30 per cent in 2006 with 125 Indian firms mopping up $12.97 billion.
India Inc's quarterly profit registered its biggest drop since the stock market regulator made it mandatory for firms to announce quarterly results in March 1998.
India's job market looks bullish with 44 per cent of companies planning to add more staff in the next three months as corporates gear up to bring workers back after the pandemic, a survey said on Tuesday. According to the latest ManpowerGroup Employment Outlook Survey released by ManpowerGroup India, employers report a Net Employment Outlook of 44 per cent - the most optimistic outlook in seven years. The Net Employment Outlook is derived by subtracting the percentage of employers expecting a decrease in hiring activity from the percentage of employers anticipating an increase in hiring activity.
The stimulus packages should continue for another year or at least till October 31, he said, pointing out that the economy is yet to achieve the pre-crisis level of nine per cent.
Ahead of Prime Minister Manmohan Singh's visit to the US, India Inc. has revealed it has high expectations from the tour, which it also felt would firm up strategic ties between the two nations.
At the World Bank Banga will be replacing David Malpass, a former Trump treasury official, reports axios.com. Malpass had already announced that he will resign by July, months ahead of his term expired. "Ajay is uniquely equipped to lead the World Bank at this critical moment in history," President Biden said in a statement. Banga, 63, currently serves as vice chairman at General Atlantic.
A robust growth in revenue notwithstanding, analysts are sceptical about the first report card of India Inc in the current fiscal and expect the continuing cost pressures to lead to a fall in their first quarter profitability.
In FY23, the State Bank of India (SBI) reported a 57.4 per cent jump in its net profit to Rs 55,684.17 crore. But the chairman of the country's largest bank, Dinesh Khara's annual pay for this creditable performance was just Rs 37 lakh (his peers at state-run banks are no better off). Look at his private bank rivals - most pocketed in excess of Rs 7 crore annually - plus stock options.
Stressed MSME borrowers would be eligible for restructuring of debt, if their accounts were classified standard.
A glance back at some of the important ups and down Indian Inc faced in 2018.
"India's middle class, small traders and farmers are the lifelines of its economic growth. By catering to these ambitions #Budget2019 infuses hopes for millions of dreams."
India Inc on Friday said the hike in railway passenger and freight fares will help in resource mobilisation, hoping that the higher fares will lead to better quality and safety of services offered by the Indian Railways, while asking the government to allow FDI in Railways.
Corporate India's deal activity in the period between January till March this year was better than last year.
Two B-1B Lancer supersonic heavy bomber jets of the US Air Force on Tuesday joined the American exhibits at Aero India at the Yelahanka air base, in a reflection of the deeper strategic ties between the two countries.
The mandate will help further the development agenda in these states, with good governance and policy reforms taking centrestage
It works like this. There is a section in the US called 144A securities, which was launched in August 15, 2007. Trading in 144A securities takes place only among qualified brokers, dealers and QIBs. Retail investors cannot participate in this segment.
At a time when the global job scenario is gloomy, India Inc is expected to increase salaries up to eight per cent this year with infrastructure and FMCG sectors likely to see the maximum hikes, global HR consultancy Mercer says.
India Inc on Tuesday sought tax cuts in the forthcoming Budget, even as it asked the government to move towards an effective goods and services tax rate of 15 per cent in the next few years.
Venkataraman Krishnamurthy, who is considered as the turnaround man of several Indian corporate houses like BHEL, Maruti Udyog, SAIL and Gail (India), passed away on Sunday at the age of 97. Krishnamurthy is considered as "the father of public sector undertakings in India" by many in India Inc. Born in the temple town of Tamil Nadu's Karuveli, he started his career as an airfield technician during the Second World War.
Companies announce Rs 768 bn worth investments in Dec quarter versus Rs 1.15 trn in Sep quarter
In its latest report for the office market, property consultant Cushman and Wakefield said the total seats leased by enterprises could cross 50,000 during the 2021 calendar year. Enterprises had leased 18,213 seats in the first six months of the 2020 calendar year and 36,255 desks during the entire last year.
The new mantra was to align Apple's ambition with the government's, focusing on Modi's favourite themes of Make in India, employment generation and India as a high-tech export hub.
The charm of foreign shores as source of funds is getting stronger in India, with domestic firms already having raised over $13 billion (Rs 60,837 crore) from global debt markets, surpassing the 2005-figure.
Overall business confidence index is at 6-quarter high: Ficci survey
Narendra Modi has earned a ranking of eight out of 10 in an India Inc survey.
The Indian Institute of Management-Bangalore invites corporates, entrepreneurs, professionals, MBA students and undergraduate students to attend its annual festival VISTA 2005.
The lockdown has taught companies a lesson or two on running business with fewer human resources. These lessons are unlikely to be forgotten, observes Mahesh Vyas.
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The rate cut, the industry chambers argued, could have given a positive signal to the manufacturing sector, which is undergoing difficult times.
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