India Inc on Thursday pitched for continuation of reforms while ensuring tax and policy stability in the forthcoming Budget to prop up the economy hit hard by the COVID-19 pandemic. In the virtual pre-Budget consultation held with Finance Minister Nirmala Sitharaman, industry chambers said that government measures will help firmly entrench the nascent signs of recovery being currently seen in private investment. Capital expenditure by the government through enhanced infrastructure spending should in the meantime continue to support growth, CII president TV Narendran said.
Chandrasekaran also said that "We fell short of addressing this situation the way we should have."
'It's an open secret that the UK business is structurally not in a great place.'
Partial lockdown measures may impact movement of labour & goods, they say.
Direct economic stimulus measures such as tax cuts for individuals and industry would have helped to prop up the Indian economy which was hit hard by the lockdowns across several states in India, say economists and corporate leaders. While the measures announced on Monday are focussed more on the supply side, these steps would take a lot of time to move the needle for the economy.
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.
In the first two months of the current fiscal, Indian exports of finished steel reportedly grew by almost 76 per cent on a YoY basis and China alone accounted for close to 60 per cent of the increase.
The Kerala high court on Thursday asked the state government as to what steps can be taken to ensure the safety of citizens on the roads in the wake of a bus accident in Palakkad claiming nine lives, including five school students.
Chevening Scholarships offer full financial support for one year to candidates applying for a master's degree at any UK university.
Kashyap, a 2014 Glasgow Commonwealth Games gold medallist, defeated Japan's Yu Igarashi 15-21, 21-16, 22-20 in the final round of the qualification to seal his place in the main draw.
The launch of e-RUPI, a person- and purpose-specific digital payment solution, by the government is expected to completely negate any pilferage and will ensure full benefit to intended beneficiaries, India Inc said on Monday. Prime Minister Narendra Modi has launched e-RUPI, which is aimed at improving transparency and targeted delivery of benefits. PHD Chamber of Commerce and Industry president Sanjay Aggarwal said that the move is a significant step to enhance the digitisation process of the country.
According to insiders, Chatterjee shares a good rapport in the group, as well as with bankers, thanks to the fact that he was instrumental in raising finances for Tata Steel's $12.1-billion Corus acquisition.
India's harsh lockdown has left companies grappling with temporary closure, chaotic supply chains and depressed demand. Consequently, business plans have been modified.
The Travancore Devaswom Board, which manages the Lord Ayyappa temple at Sabarimala, on Thursday told the Kerala high court that the jaggery received by it had 'halal' mentioned on the packaging as they are also exported to Arab countries by the company supplying to them.
New MD likely to be announced by December-end or first week of January.
Steel, cement, aluminum, fertilisers, tractors, two-wheelers, beverages and carbonated drinks, tyres and FMCG could see demand back to near normal levels by the third or the fourth quarter of the financial year, or even earlier.
The director of Fool N Final, Ahmed Khan talks about the film.
The Cabinet had agreed to the Kochi Metro Rail project and appointed retired additional general manager, Southern Railway, Gopinathan Nair as a special officer in this regard.
Pankaj Kapoor talks about his next film, his son Shahid, the delay behind Vishal Bharadwaj's Blue Umbrella and what went wrong with the Karamchand's comeback on television.
Apoorva Lakhiya, the director of Shootout at Lokhandwala on making of the film.
Director R Balki talks about his debut film Cheeni Kum.
Aamir Khan on launching Lagaan DVDs and VCDs and the farmer controversy.
The government hopes that the PLI schemes would provide 200,000-300,000 direct employment over five years, according to sources in the know.
In the domestic segment, demand is currently led by rural markets, oil and gas, LPG and B2C segments like roofing and sheeting.
How many 22 year olds gets the ears and eyes of Yogi Deveshwar, Kumarmangalam Birla, Shashi Ruia, T V Narendran and Naveen Patnaik?
'It will take six months to one year to move to normalcy, depending on how the pandemic plays out in India.'
Overall, Tata Steel becomes the seventh non-financial firm, including four oil PSUs to report quarterly revenues of Rs 50,000 crore.
Tatas' best bet would be to find an insider who understands the systems, say headhunters
With cash shortage and plans going awry, the AirAsia owner is looking to cash out of the venture he built with Ratan Tata in 2013.
Majority expect economy to slow down, but are satisfied with Modi govt's performance.
Tata Steel's margins may remain under pressure in FY15.
On Mody's death, Tata on Friday said, "Russi Mody was an institution at Tata Steel. Under his leadership, the company grew significantly and he instituted many human resource initiatives.
The Insolvency and Bankruptcy Code (IBC) got a leg-up with Tata Steel's acquisition of Bhushan Steel, the first big case to be resolved. Tata Steel CEO & MD T V Narendran tells Ishita Ayan Dutt how this deal moved so quickly while others are still mired in controversies.
Promoters have not proved they mean well for the community.
What happens when someone working in one of India's large public sector companies ends up there, hoping IIM-A is all about leadership?
Tata Steel is fine-tuning strategies to enhance revenues.
Wreckage washed up on a remote Indian Ocean island is "very likely from a Boeing 777", Malaysian Prime Minister Najib Razak said on Thursday as speculation mounted it could be from MH370 that vanished mysteriously over a year ago with 239 people, including five Indians, on board.
The search for missing Malaysia Airlines flight MH370 has come to an end with passengers' families being informed that the effort to find the plane has been suspended.
