Indians at large harbour a notion that their country is cherrypicking out of the American basket of goodies, but the policymakers in Delhi and the political leadership are well aware that it can only be a pipe dream since a military alliance with a superpower is a profound irrevocable commitment, observes Ambassador M K Bhadrakumar.
German Chancellor Angel Merkel, French President Francois Hollande, Chinese Prime Minister Li Keqiang, Pakistan Prime Minister Muhammad Nawaz Sharif and Switzerland President Simonetta Sommaruga would be participating in the 45th edition of the meet.
The company will spend Rs 10,141 crore to buy 15.5 per cent stake from minority investors.
'Unless we start making the products we need, we cannot become a developed country or call ourselves an economic power.'
The two sides signed a maritime security agreement after extensive talks between Prime Minister Narendra Modi and his Mauritian counterpart Pravind Jugnauth.
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The Council includes companies like Tata Motors, Flipkart, Airtel, P&G, Madison World, ICICI Bank, HUL, Micromax and Future Group among others.
A letter reversing the decision was sent by Rajasthan Chief Minister Vasundhara Raje to Commerce and Industry Minister Anand Sharma.
Private lenders were among the top losers along with RIL.
'An isolationist US and a disintegrating European Union will create a power vacuum that only China is in a position to fill -- a conclusion that is uncomfortable but unavoidable,' says Nitin Desai.
Paving way for iPhone maker Apple to open its own stores India, the government on Monday relaxed FDI norms by giving a three-year exemption from local sourcing to foreign players in single-brand retail and a further five-year relaxation for 'state-of-art' and 'cutting-edge' technology.
However, the Indian economy is expected to bounce back in 2021, the World Bank said.
The BJP-led government may not permit foreign retailers to open mega stores in the country as such a move may adversely impact small traders and farmers, new Commerce and Industry Minister Nirmala Sitharaman indicated.
No stock on BSE Sensex ended in red while only 3 stocks in the broader Nifty50 index settled the day negative
Metal shares were the top gainers with Hindalco up over 5%.
Sachin Bansal, who had co-founded Flipkart with Binny Bansal in 2007, would exit the company
'It is time to allow the rupee to move towards its true value, as it is hurting Indian exports, investment and SMEs associated with export sectors that create jobs,' argues Pravakar Sahoo.
FDI inflows into India were $34 billion in 2014, up 22%.
Midcap stocks continued to remain on buyers' radar with BSE Midcap index up 0.1%.
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ITC, Infosys, Wipro and HDFC Bank among the major losers.
We are much better placed than in 2013 with our overall fundamentals much stronger - higher foreign exchange reserves, a more favourable growth-inflation mix and an institutional framework for targeting inflation, says B Prasanna.
Broader markets underperformed the benchmark indices with BSE Midcap and Smallcap indces slipping 0.8%-1.1%
'If the almost literally heart-stopping Suez block has any positive outcome, it is to be hoped that it will accelerate the setting up of a fab (perhaps Taiwanese) in India,' asserts Rajeev Srinivasan.
Ajit Balakrishnan offers a thinking man's guide to the angst of the professions.
In a major policy reversal, the AAP government wrote to the Centre to withdraw the approval given by the previous Sheila Dikshit government for FDI in multi-brand retailing in Delhi, saying the entry of global chains such as Walmart and Tesco in India would result in large-scale job losses.
Financials were among the top losers along with Sun Pharma and index heavyweight Reliance Industries
Not just Tesco, Auchan, Walmart, even Biyani & Reliance keen on food FDI: Harsimrat Kaur Badal
The bank is expected to report a pre-tax profit of $21 bn.
Corrective measures are already being taken by fund managers - overall allocation to the IT firm has been pruned by 120 basis points, from 4.43 per cent in March to 3.24 per cent in July
A basic problem is that the cost of spectrum and licences relative to earnings is too high.
Saudi Arabia is insisting on 'In Kingdom' total value-addition requirements
'The Indian State needs to focus on healthcare, education, infrastructure and law and order, and get out of all these regulatory cholesterols.' 'Then, India will fly.'
Given the relative rates of gross domestic product growth, the differential will increase.
Volkswagen mess costs Germany its strongest nation brand position.
The government is scheduled to release index of industrial growth for November and consumer price inflation for December later today.
The country must get its act on global alliances right in order to feed its fuel-hungry economy, points out Subhomoy Bhattacharjee.
India has moved up 16 positions to rank 55th on a global index of the world's most competitive economies, where Switzerland remains on top.
From 50 stores Vimal Textiles aims to have 150 in 3 years.
One of the key concerns for non-users of voice assistants is trust.
Opportunities for job seekers are expected to grow even better in 2015 with employers in India being most optimistic on hiring, says a report.
Indian companies struggle in face of a set of common challenges related to logistics, labour regulations, tax and tariff policy
