Giving a new dynamism to bilateral ties, Prime Minister Manmohan Singh on Sunday said India sees Saudi Arabia as a strategic partner for promoting peace, stability and economic development and that the conditions were ripe for the two countries to enter into a comprehensive energy partnership.
Doubts about the Obama administration's commitment to a strategic partnership with India were raised by the likes of Lalit Mansingh, former Indian ambassador to the US and former Indian foreign secretary, and Kanwal Sibal, former Indian foreign secretary and former deputy chief of mission in Washington, DC, in two separate panels titled 'American and Indian Strategic Interests in Asia' and 'Where is the US-India Strategic Relationship Headed in the Coming Year?'
India's exponential economic prowess has made Boeing covet that country like never before, said Thomas Pickering, former under secretary of state and former ambassador to India, who after he retired was a vice president with Boeing and who remains a consultant with the aviation giant.
Ficci stood for the voice of a defensive, traditional Indian business class.
Whenever people think of India, they will think of Ficci as a place they could go to facilitate investment, says Rajiv Kumar.
US President Donald Trump is considering suspending a number of employment visas including the H-1B, most sought-after among Indian IT professionals, in view of the massive unemployment in America due to the coronavirus pandemic, according to a media report. The proposed suspension could extend into the government's new fiscal year beginning October 1, when many new visas are issued, The Wall Street Journal reported on Thursday, quoting unnamed administration officials.
The committee is expected to submit its report soon.
The world has changed from G7 to G8 to G20, where India plays a key role.
The company had decided to set up an office in Mumbai last year but had to shelve its plans because of recession and market conditions. The company as part of a consortium had placed bids in infrastructure projects last year in Malegaon, Pune, Chennai, Hyderabad.
Ace film maker Yash Chopra, who is also Federation of Indian Chambers of Commerce and Industry Entertainment Committee chairman, said the multiple taxation is a serious threat to the survival of the industry.
'I would like to convey the message to your readers that the prime minister himself is directly seized of the situation on the ground. He periodically reviews the situation on the ground and how it is moving forward, taking inputs from economists, business leaders, chambers of commerce.'
Istanbul will not host a Formula One Grand Prix in 2012 due to a disagreement between Turkish officials and F1 commercial supremo Bernie Ecclestone over payments to stage the race, Turkish media reported on Friday.
NITI Aayog member V K Saraswat said the shutdown of internet services did not have any significant impact on the economy in J-K.
Gujarat Chief Minister Narendra Modi on Sunday termed the West Bengal assembly polls as a "freedom movement" of people entangled into 35-year-long vicious cycle of "oppression".
Favouring a free trade agreement between India and Bangladesh, business leaders of the two countries have suggested that a direct air link be established between Guwahati and Dhaka to promote commerce and tourism.
The federal and Ontario governments have granted $1 million to the Ontario Chamber of Commerce for allocation to 15 regions -- including Brampton and Mississauga that have high South Asian population -- to help new immigrants adjust. The funds will be further divided between local organizations for the execution.
Former India wicketkeeper and chairman of selectors Kiran More says the IPL will benefit from Chirayu Ramanbhai Amin's undoubted administrative skills.
The Indian information technology industry is relieved at the US Senate's decision to block the proposed 'Creating American Jobs and Ending Offshoring Act', that sought to offer a tax holiday for employers moving jobs to the US from abroad.
Ranjit Sen has taken over as the new president of Indo-American Chamber of Commerce.
The RBI has been tightening key benchmark rates since November last year as the country started recovering from the impact of the global economic slowdown.
At 3.5 per cent per annum, interest on savings accounts is the only regulated rate in the banking system currently and a highly contentious one given its impact on the common man.
Rajinikanth's comments on the Cauvery issue have often made him the target of pro-Kannada outfits who threatened to disrupt his film's release in Karnataka. However, this time there has so far been a lack of fanfare even in Tamil Nadu. R Rajagopalan explains why.
Former ambassador to India Frank Wisner is convinced that "the United States cannot pursue its interests in the world without cooperation with India, and India will not achieve her essential interests without cooperation with the US."
Jonah Blank, former journalist and now policy director for South Asia on the powerful Senate Foreign Relations Committee, believes the Bush administration should have expended its political capital on strongly supporting India's bid for a permanent seat in the United Nations Security Council and being a catalyst in India securing this long-desired position in the world body, instead of the US-India civilian nuclear deal.
The Federation of the Indo-Israeli Chambers of Commerce (FIICC), on August 6, bestowed the 'Businessman of the Decade' honour upon Ratan Tata, who heads the $71-billion Tata empire.
The stimulus packages should continue for another year or at least till October 31, he said, pointing out that the economy is yet to achieve the pre-crisis level of nine per cent.
The Union government on Monday indicated it was hopeful of a favourable reply from the US Securities and Exchange Commission to a request for being lenient on scam-hit Satyam Computers, thereby allowing it to remain on the rehabilitation track."We are expecting to get a fair judgment (from the SEC)," ministry of corporate affairs' Secretary, R Bandyopadhyay, said here at an interactive session organised by the Bengal Chamber of Commerce and Industry.
The industry ministry in a recent concept paper proposed raising the FDI cap in the defence sector to 74 per cent.
The Northeastern states are plagued by low tele-density and inadequate telecom services, hindering economic growth and development, a study said.
The government will press ahead with the sale of public sector companies that have been approved by the Cabinet, Finance Minister Nirmala Sitharaman said on Thursday. Highlighting that FDI flow into India is much higher compared to other emerging economies, she said India's strong macroeconomic fundamentals, ability to do reforms and a stable government help attract long-term foreign funds into Indian businesses.
The government on Wednesday termed as "transient" the dip in export growth in August and said the trend would be known only in the coming months.
There is a need to bring in legal/constitutional changes, reforms in central tax system and state tax systems, said M Govinda Rao, director, National Institute of Public Finance and Policy.
A visiting Bangladeshi industry leader suggested on Friday that India would do well by allowing the entry of duty free products from its eastern neighbour and in return purchase natural gas from his country.
A delegation from Ficci explained the project to the businessmen at an India-South Africa Round Table in Johannesburg on Tuesday.
The 2009 Budget had raised the rate of MAT to 15 per cent. The industry wants it to be lowered to at least 10 per cent in the forthcoming Budget.
Bharti Airtel Chairman Sunil Bharti Mittal said India has lost one of the finest political leaders and a legal luminary.
Stating that New Delhi has credible evidence that a portion of US aid to Pakistan is being used against India, the Congress party has asked the Obama Administration to have an effective monitoring mechanism of its civilian and military assistance to Islamabad.
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