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.
India said said that rolling back of fiscal and monetary stimulus packages, injected by the government to counter the effects of economic downturn, at this stage would be "counter-productive and disastrous to the industry."
HDFC Equity, the largest equity fund, also managed by Prashant Jain, with a corpus of Rs 10,445 crore, has 9.4 per cent of its assets in SBI.
"It is heartening to note that the RBI has chosen growth over monetary tightening and inflationary fears," FICCI president Harsh Pati Singhania said.
Corporate India on Monday warned the government that any regulation of CEOs' pay may lead to flight of talent and capital from the country and said salaries are best decided by the industry.
At the moment, big retailers are concentrating on China because the retail sector there is more advanced, especially in terms of infrastructure, says Kim Culley, COO, Express Avenue.
India Inc on Friday said that the completion of the bidding process for scam-tainted Satyam Computer demonstrates the country's strength in dealing with complex corporate issues.
Sentiments in global markets, movement of rupee against the dollar and crude oil prices will dictate near-term trend
Cement prices are likely to go up by around Rs 8-10 per 50 kg bag with manufacturers saying that they may pass on the burden of hike in excise duty proposed in the Budget 2010-11 to customers.
On the macroeconomic data front, PMI data on manufacturing and services sector will also influence trading
After attending a meeting in Mumbai with RBI's top brass headed by Governor D Subbarao, Harsha Pati Singhania, president, FICCI, said the real rate of interest remained in double digits despite inflation having declined sharply. "Given the present interest rate structure and the inflation rate, real rate of interest is still in double-digits. With the near-zero rate of inflation, the real and nominal rates of interest are almost at the same level," said another industrialist.
From high-performance cars and customised bikes to accessories and in-car entertainment technology, the Autocar Performance Show 2014 held in Mumbai's Bandra Kurla Complex turned out to be paradise for car lovers.
A look at the starry arrivals.
Most of the land, in small fragments, was lying barren.
If press freedom is not to be treated as sacrosanct when the press is critical of the government, and if the only freedom available is to be a cheer-leader, that is not press freedom at all.
Here's what you should look at before investing in mutual funds.
Mohammed Azharuddeen slammed a 37-ball century to power Kerala to an emphatic eight-wicket victory against Mumbai in the Syed Mushtaq Ali Trophy T20 match at the Wankhede Stadium, in Mumbai, on Wednesday.
Indian Institutes of Management (IIMs), specifically IIM-Ahmedabad (IIM-A), which have announced a steep hike in their fees last week are unlikely to revise (scale down) the new fee structures.Vijaypat Singhania, the chairman of the governing council of IIM-Ahmedabad who met Minister of Human Resource Development Arjun Singh, justified the fee hike and said they would take steps to ensure that all deserving students get into the premier institution.
The company has appointed an investment banker to find a buyer for its equity in its joint venture company, Raymond UCO Denim, whose loss doubled to Rs 120 crore (Rs 1.2 billion) in the last financial year. Europe's UCO Denim holds 50 per cent stake in the denim company, which was formed in August 2006. The turnover of the denim business is estimated at Rs 600-800 crore (Rs 6 to Rs 8 billion).
Children should take the lead in making India a developed and prosperous nation by 2020 and inspiring their parents to fight against the menace of corruption, former President A P J Abdul Kalam said on Friday. The former President, who interacted with the children after inaugurating a science exhibition, asked them to take a pledge to fight against corruption.
Year 2017 will be a benign year for FII flows into India feels Akash Singhania, deputy chief investment officer, DHFL Pramerica Asset Managers.
An industrialist, I am also interested in horse-racing.
Besides the manufacturing industry, voices in favouring the need for protectionism have also been heard from local start-ups, which at times find it tough to compete with global players that entered India with deep pockets.
In an apparent dig at the Mulayam Singh Yadav government, Prime Minister Manmohan Singh on Saturday said Uttar Pradesh "desperately" needed a leadership that is "forward looking and modern".
How Bajaj, Colgate, Raymonds, Zee lost out.. Strategic errors have hurt many companies, says adguru Sandeep Goyal.
Industrialist Gautam Singhania has close to 8,80,000 followers on Twitter, yet he has opted for a service that 'promotes' his tweets by displaying them to a wider audience beyond his own followers.
Italian watch-maker Panerai is eyeing the Indian market and has contacted few a celebrities from India to be a part of its adventure 'Panerai Classic Yachts Challenge' in Mediterranean scheduled for June next year.
The Indian Institute of Management-Ahmedabad (IIM-A) has hiked the fees for its post-graduate mangement programme from Rs 1.77 lakh (Rs 177,000) to Rs 2 lakh (Rs 200,000).
Agencies had earlier prepared a list of about 37 industrialists, whom they considered vulnerable, but later pruned it to 25 and submitted it to the home ministry last week.
If you leave too much money lying in your trading account or hand over your securities to brokers, there is always the risk that they could use it to trade in the markets.
Union Information and Broadcasting Minister Ravi Shankar Prasad and National Security Adviser Brajesh Mishra were among those who had turned up at the Gaddafi Stadium in Lahore to support the Indian cricket team in the 4th ODI match against Pakistan.
Bullish on the Indian textile sector and freeing of quota regime, apparel-maker Raymond has increased its investment in the joint venture with Italy's Gruppo Zambaiti to Rs 200 crore (Rs 2 billion) from the earlier Rs 180 crore (Rs 1.8 bilion).
Having effected financial restructuring, two-wheeler maker LML Ltd on Tuesday said it would launch new models in the coming months, including an entry-level 100-cc bike and four-stroke geared and gearless scooters.
This is the fourth straight weekly plunge for both the indices.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances