Captains of the industry, particulary the outgoing chairman of Federation of Indian Chambers of Commerce of Industry Harsh Pati Singhania, who is also the managing director of JK Paper Mill, hailed the Union Budget.
The Bharti group, which has just acquired a majority stake in the Bangladeshi mobile operator Warid Telecom, is on the lookout to acquire government-owned telcos in developing markets like Africa which are up for divestment.
We are also trying to bring in modern processes and technologies in the area of supply chain, logistics and cold chain that should ultimately benefit the entire retail ecosystem through better quality, and more choice at better prices, says Bharti.
The Indian industry has thus joined hands with the government in urging Americans to lift stringent export controls on high-technology transfer.
The auction concluded on Wednesday generating a revenue of Rs 67,710 crore.
Bharti Group, which has joined hands with industry leader Wal-Mart for a foray into
Coming under flak by the Left parties for Wal-Mart's entry into the Indian retail market, Bharti Enterprises on Friday said its tie-up with the US firm was "as per the guidelines".
After ending its wholesale partnership with Walmart, Bharti Retail has decided to merge with the Future group
When on October 24, the Supreme Court, on a petition moved by the government, ordered payment of past dues according to its new definition of AGR, the country's second-biggest carrier Vodafone-Idea Ltd warned of shut down if no relief is given. The total dues for the industry ran into a whopping Rs 1.47 lakh crore. For an industry that has come from 7-8 operators to just three private players and state-owned fourth operator, the warning by Vodafone-Idea sounded like a death knell.
Within a year of Gopal Vittal becoming the joint MD and CEO of Bharti Airtel's India operations, the company has elevated him as the MD and CEO for Bharti Airtel's operations in India and South Asia.
"We want a drop in interest rate. This (interest rate) is a huge problem now for us. Real interest rate in India today is touching six percent," Ficci chief Pankaj Patel said, arguing that there should be balance between growth, inflation, and interest rates.
Bharti Retail on Friday announced appointments of former head of Walmart India Raj Jain as its CEO and Pankaj Madan, another senior executive of erstwhile joint venture Bharti Walmart, as Chief Financial Officer.
Several leading industrialists, including Reliance Industries CMD Mukesh Ambani, Vedanta Resources Limited executive chairman Anil Agarwal, chairman emeritus of Tata Sons Ratan Tata, Mahindra Group chairman Anand Mahindra, Paytm Founder and CEO Vijay Shekhar Sharma, Welspun Group chairman and Assocham president B K Goenka, attended the swearing-in ceremony.
Few angels have seen exits; till that happens, they won't be rushing to invest again.
After making a larger-than-expected cut of 50 basis points on September 29, Rajan urged the federal government to do its bit to accelerate growth through structural reforms.
"We now realise that the so-called farmer agitation hardly remains a farmers' agitation. It has almost got infiltrated by Leftist and Maoist elements, a flavour of which we saw over the last two days when there were extraneous demands to release people who have been put behind bars for anti-national (and) who have been put behind bars for illegal activities," Goyal, the Minister for Railways, Commerce and Industry and Food and Consumers Affairs, said at FICCI's annual meeting.
As many as eight Board of Directors of the Delhi & District Cricket Association (DDCA) have signed a joint resolution for withdrawal of all powers vested with president Rajat Sharma, a move that could have far-reaching implications.
Rajat Sharma beat Madan Lal by 517 votes to become the new president of Delhi and Districts Cricket Association.
Business leaders, among others, ask govt to let go of fiscal target, seek stimulus, and direct cash transfer.
Nandan Nilekani, Gokul Rajaram at top two spots in value terms
Analysts have pointed out that with the dues arising out of the SC judgment there could soon be only two private telcos in the country, and not three - Reliance Jio, Bharti Airtel and Vodafone Idea - as now.
The Reserve Bank of India (RBI) is likely to keep monetary policy steady in June despite sluggish economic activity as inflation remains elevated, a Reuters poll showed on Wednesday.
The poll of over 30 economists, taken in the past week, showed Asia's third largest economy will expand 7.8 percent in the fiscal year ending March 2017.
'The finance ministry and public sector banks have tried to keep the names of wilful defaulters secret.' 'Secrecy and concealing information are inbred among banks and even the RBI,' observes Debashis Basu, editor, www.moneylife.in.
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Reliance, Birla Group, Airtel eye small finance banks.
Siddle broke the news to his team mates at the Melbourne Cricket Ground on Sunday after being released from the squad for the third and final Test against New Zealand in Sydney.
India Inc on Saturday cheered the road map for lowering corporate taxation.
Invests $50 mn in 11 entities in just over a year, commits $25 mn more; prefers putting money in firms trying to solve India-specific problems
Asking the government to tweak FDI norms in multi-brand segment, retailers said sourcing rules must be made similar to that of single brand while demanding foreign firms be allowed to put only 50 per cent of first tranche of investment in back-end infrastructure.
A majority of India's billionaires gained wealth in the last one year in spite of the stock market decline.
The government is considering to tweak FDI policy in retail sector so as to allow global chains like Walmart, Carrefour and Tesco to open multi-brand stores in non-hilly cities with population less than one million.
The Department of Post, Tech Mahindra, Videocon Group and stock exchange NSE have joined big corporates like Ambanis and Birlas to seek entry into banking business through newly created niche category of Payments and Small Finance Banks.
Former Delhi law minister Jitender Singh Tomar, who was arrested on Tuesday on charges of submitting a fake degree while filing nomination for the Delhi assembly polls held in February this year, has been taken to Faizabad in Uttar Pradesh for questioning.
Assocham told Modi policy makers needed to act fast to "bullet proof" India from global jitters.
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The latest macro-economic numbers confirm the economy trundles along in a low growth trajectory, while inflation climbs.
Prime Minister Narendra Modi on Thursday launched the ambitious 'Make in India' campaign to make India a global manufacturing hub, create jobs and boost economic growth.
In his book, former governor Subbarao says Chidambaram, Pranab were piqued by his tight rate policy.
After a two year run-in with controversies, telecom sector now looks stable and seems back on its feet with initial investment proposal of over Rs 11,000 crore (Rs 110 billion) received in 2013.
