Indian small and medium enterprises are expected to emerge as major buyers of the information technology products by 2008. According to Joydeep Datta Gupta, executive director of Deloitte & Touche Consulting, any IT-led SME business transformation project could succeed only if the project was sustained.
ABN Amro may hike interest rates by 25-40 basis points by middle of 2006 and 50-70 basis points by the end of the year.
Illinois governor Pat Quinn said on Friday the US, where the financial system has let people down, can 'learn a few things from India' on how to get its economy back on track, given the inspiring dynamism of the Indian economy.
Ficci Secretary-General Amit Mitra said this new not-for-profit organisation had been set up to improve the availability of skilled manpower in India and Ficci had picked a 10 per cent stake in this company for Rs 51 lakh. The Skills Development Corporation itself is empowered with a corpus of Rs 1,000 crore. A Ficci representative will also be on the board of this company.
The Karnataka Film Chamber of Commerce has decided to suspend Duniya's Vijay, one of Kannada cinema's top stars, for a year for violating the decision of the KFCC's taken on October 25 to dub for the film Chanda directed by S Narayan.
Maoists tried to extort Rs 10 million from a hotelier, who refused and was beaten up.
The reservation of jobs in the private sector will tantamount to putting the clock back on economic reforms and not even political parties are ready for a legislation making employment of SCs and STs binding on India Inc, industry body Ficci said.
Reversal in the declining economic growth trajectory is clearly the need of the hour and all steps should be taken to bring about this change.
"The bilateral trade between the two countries, which is at present euro13 billion, will scale new heights in the coming years. Major German companies, which included Lufthansa, are planning more investments in India," Indo-German Chamber of Commerce Director General Bernhard Steinruecke told PTI on the sidelines of a convocation ceremony of Indo-German Training Centre in Chennai.
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Raghuram Rajan, who took over as RBI Governor on September 4, is scheduled to unveil on Friday mid-quarter monetary policy review, an event keenly awaited by industry and banks.
Former Union minister and Bharatiya Janata Party member Arun Shourie on Saturday said that China was a greater threat to India than Pakistan. Shourie said that since Pakistan was busy with its own problems now, this had given some respite to India as the number of killings had come down significantly in Kashmir. But China had been entering into countries with 'comprehensive national strength' with long-term objectives.
"We are ready with our money but it's so difficult to get a business visa to India,'' said Dr Abdul Rahman A Al Rabiah, managing director of Alrabiah, a consulting and engineering services company. Quoting instances, Rehman said, "Business leaders who have five-year multi-entry visa into the UK and Europe are merely given a three-month visa for India.''
Early estimates by Assocham claim that the Olympic torch relay caused financial losses to industry such as airlines, railways and BPO centres. It caused trouble for long-distance travellers and patients in hospitals. The railway platforms remained heavily overcrowded as incoming passengers had no option but to stay on to railway stations due to shrinkage in exit facilities. Hospitality and industry staff night shift staff reported atleast 5 hours late because of traffic jams.
India's growth presents a win-win partnership for the country and the US, and American companies have a great opportunity to contribute to that, Modi told the CEOs.
India has climbed up 10 notches on the World Competitiveness Scoreboard and has ranked 29 due to its technological achievements and booming services sector.
'The equipment that you make for us must be the best in the world so that it complements the Indian soldier who is without doubt the very best in the world.'
A high-powered inter-ministerial committee was expected to finalise the list based on the suggestions and recommendations from different chambers, business houses and trade experts, the Daily Star newspaper reported.
A post graduate programme in Business Administration and an opportunity to train with the best Indo-German brands.
A civilised society depends on having the greatest possible number of people who have a stake in society. Being a homeowner gives one a secure and direct stake in society; so that is the goal we need to work towards.
India and the United States are considering yet another initiative to boost bilateral economic relations. Both sides are now mulling a Private Sector Advisory Gr
In London alone there are more than 160 multinational Indian companies. If businesses owned by persons of Indian origin are included, there are over 10,000 Indian owned businesses in London, turning over 7.5 billion pounds, representing 5 per cent of the city's economy.
The director has made 22 films and won 46 awards in India and abroad.
Ex-head of BPL Mobile and currently a Rajya Sabha MP, Rajeev Chandrasekhar will be the new head of Ficci.
The government was aware that the prices have shot up in the international market but at the same time it was the duty of the government to keep inflation under check as for the aam aadmi, he said. The minister said the long term solution to moderate the steel price was increasing production.
What are the problems affecting the growth of food processing sector in India
Iran's Finance Minister was here. And he lists the reasons why is country holds great promise for Indian companies willing to do business with his country.
In a summit on economy trends from Indo-US perspective, experts concluded about the lack of knowledge creation in India.
Controversies seem to dog Rajnikanth's latest Tamil film Kuselan. The latest is that Rajnikanth has requested the Karnataka Film Chamber of Commerce to facilitate the release of his film in the state on August 1st. His letter written in chaste Kannada, said that it was not his intention to hurt the feelings of anyone when he spoke at the protest rally organised by the Tamil Nadu Film Artists Association.
Increase in the value of Rupee combined with rising interest rates has resulted in erosion of profitability and competitiveness of Indian exports by up to 12 per cent, according to a report by Ficci.
One of India's leading industry bodies - the Associated Chambers of Commerce and Industry - on Friday urged the government to bring sugar, textiles and tobacco products under value added tax.
In conversation with Jayamala, the first woman president of the Karnataka Film Chamber of Commerce.
It would operate round the clock and seven days a week, said the Chief Minister, adding 'you can reach us on a telephone call, within a short time'.
French companies have invested more than $1 billion per year in India.
The application for visas to the United States is likely to increase by about 40-50 per cent in the coming five years, said Henry V Jardine, Consul General of the United States at the Bengal National Chamber Of Commerce and Industries in Kolkata.
The lawmakers lacked imagination, he said.
Three Indian Americans have been awarded by the Indo-American Chamber of Commerce for their outstanding and tireless work as entrepreneurs.
The beneficiaries of the second set of announcements are expected to be micro, small, and medium enterprises, farmers, women, poor, migrant workers, and other marginalised sections of the society, reports Arup Roychoudhury.
Rising crude oil prices along with hardening interest rates in the domestic market have taken a toll on India Inc's growth outlook in the first quarter of the current fiscal.
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