Under fire over a spate of serious crimes in Uttar Pradesh, Chief Minister Akhilesh Yadav on Thursday said that the law and order situation in his state was better than that in many other parts of the country and maintained that his government was working to improve matters.
After launching expressway projects worth almost Rs 1 trillion, the Uttar Pradesh government is now betting big on the aviation sector to propel the state's economic growth. Air travel, comprising both business and leisure, is expected to give a fillip to the socioeconomic landscape by attracting fresh investment. It would also ramp up infrastructure and create jobs.
Gehlot said be it Adani or Amit Shah's son Jay Shah, Rajasthan will welcome all because it wants investment and employment.
Beyond announcements and optics, key projects have hardly moved under the Yogi government, reports Virendra Singh Rawat.
'In the next 15-20 years, India will have at least 50 new (AI-driven) billion-dollar companies that are going to solve problems for the largest companies around the world.'
The Hindutva poster boy has lost his sheen following the BJP's poll reverses in Hindi heartland states and his style of governance, reports Virendra Singh Rawat.
Inaugurating the two-day 'Global Investors Summit' hosted by Assam, Modi said the National Democratic Alliance government has speeded up the functioning of official machinery and "we want all programmes to be completed before target".
The Quad summit to be hosted by India in 2024 is likely to enhance New Delhi's strategic intent.
Markets continued to trade on a volatile note in afternoon deals, ahead of the futures and options expiry on Thursday. The Sensex is up32 points at 16,999. Nifty is up five points at 5,146.
Nothing seems to dampen the spirit of Gujarat's textile industry when it comes to investments. Inspite of the issues arising due to rising input costs, the state government is expecting to witness MoUs worth Rs 10,000 crore (Rs 100 billion) in textile sector at the Vibrant Gujarat Global Investor's Summit 2009. During the summit, the state government will be luring several textile machinery manufacturers from overseas to set up base in the state.
This is more than 25 per cent higher as compared to the same period of the previous year when the prime minister had 78 domestic engagements.
Modi pitched for competition among the states on ease of doing business instead of offering charity.
The idea of three capitals has not been abandoned, even as the state lurches from financial crisis to crisis.
Venture capitalist and Silicon Valley tycoon, Kanwal Rekhi, on Saturday said that recession is the best time to be an investor and an entrepreneur.
The words 'industry', 'industrial development', 'jobs', and 'employment' have been ringing with higher frequency since Mamata Banerjee stepped into her third term with landslide victory after a high-octane election last year. "Our government's next target is industrial development," the chief minister (CM) had been heard stating at different public meetings in the past few months - perhaps setting the tone for the sixth edition of the Bengal Global Business Summit (BGBS) slated for later this month. Investor summits by any state are about intent, big numbers, and tall claims. Yet in competitive federalism, its importance as a marketing tool is undeniable.
It includes a session with Gadkari on analysing the initiatives needed to bridge the $1 trillion infrastructure deficit in the country.
Exuding confidence in sustaining the tempo of credit growth, public sector bankers said on Wednesday that consolidation in the public sector bank (PSB) space has given them a robust base to scale. The privatisation of PSBs can be done through divestment of government stake to a wider base of investors without haste. There is nothing to worry about at this point (high credit offtake) as underwriting standards and risk management are much better.
With the state police pursuing only notorious criminals, petty thugs continue to prey on victims.
Companies manufacturing fast-moving consumer goods (FMCG) continue to see rural stress sustain and it continues to trail urban demand. At the Confederation of Indian Industry's FMCG summit, managements of various companies pointed out urban demand continued to grow while rural demand remained under pressure because incomes were under stress in rural areas. "Due to rural stress, volumes continue to remain an issue for the industry and we are yet to see any revival in demand," Sudhir Sitapati, managing director (MD) and chief executive officer (CEO) at Godrej Consumer Products
'Due to rural stress, volumes continue to remain an issue for the industry, and we are yet to see any revival in demand.'
The company is likely to sign a MoU with the Yogi Adityanath government for opening retail stores in the important towns of the state.
There will be status quo with regard to the MoUs signed with Hengli Engineering, PMI Electro Mobility Solutions JV with Photon and Great Wall Motors on June 15, 2020.
Jharkhand and Andhra Pradesh use celebrity endorsers and social media campaigns to brand their state and court big business to eventually bring about job creation. Can they deliver on their promises?
While the exact investment for the project, which is likely to come up in Jamnagar is not known, senior government officials say the company is looking to ink an agreement during the upcoming Vibrant Gujarat Global Investors Summit, to be held in January next year.
'To the believers of crypto regulations, I have only one question to ask, how will you regulate it?'
The government on Friday formally cleared Reliance Industries' Rs 16,000 crore (Rs 160 billion) petrochemical special economic zone, which would come up near the company's Jamnagar refinery.
The move to demerge the hotel business into a separate entity by ITC has brought back focus on hotel stocks, which have already seen a good run thus far in fiscal 2023-24 (FY24). Analysts believe there could be more gains in store over the next one year for the stocks in this sector, but suggest investors put in money on a correction only from a long-term perspective. Hotel stocks, according to A K Prabhakar, head of research at IDBI Capital, have seen a good run as travel picked up post Covid in India. Not only have the room rents increased, the occupancy, too, has surged.
Mamata Banerjee said availability of land won't be a problem in Bengal as the state government has a land bank.
'I'm pitching India for the strengths we offer, including the English language, engineers, doctors, nurses, professionals, innovative talent of startups.'
Thomas Cook India's internal data had highlighted Lucknow region as a high potential source market for holiday business.
The UP CM failed to launch any major infrastructure project of its own, including the proposed Purvanchal Expressway, and also rid the roads of potholes by June 2017.
Narendra Modi's vision to see Gujarat being counted a major IT hub of the country received a boost as 19 companies signed MoUs to total an investment of Rs 11,067 crore (Rs 110.67 billion) on Friday.
US Secretary of State John Kerry on Saturday headed for India to attend the Vibrant Gujarat Summit.
In the recent past, Adityanath and the RSS seem to have come closer. The warmth is more on the part of the RSS. And even now, not all requests from the RSS are accommodated by the UP government, points out Aditi Phadnis.
Prime Minister Narendra Modi on Tuesday said India will become the growth engine for the world in the coming years, and the ease of doing business has improved with "mission-mode" reforms being undertaken by his government. Speaking at the BRICS Business Forum Leaders' Dialogue in Johannesburg, Modi also said India soon will become a $5 trillion economy.
'I don't think we have ever seen such alignment of everything that we need in the banking sector.'
Walmart-owned fintech firm PhonePe said it has crossed 500 million lifetime registered users on its platform. With this milestone, 1 in 3 Indians are now on PhonePe. The company said it is the first Indian internet company to have reached this scale globally. This milestone has been achieved in just over 7 years since the PhonePe UPI (Unified Payments Interface) payments launched in August 2016.
'They have since only tried to improve systems. Also, with regulatory guidance from time to time, we are in a position to assess a situation and react in time.'
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