Last fortnight, State Bank of India Chairman C S Setty lifted the veil on a subject long spoken of in corporate corridors: Why can't our banks finance mergers and acquisitions (M&As)? Change is in the air: Indian Banks' Association (of which Setty is the chairman) is to "make a formal request" to Mint Road to make way for it. Thus far the exclusive turf of foreign banks even though its funding remains offshore - as in, it's not on these entities rupee-book (and a few select shadow banks) - a most lucrative segment in the investment banking suite, M&As, will be homeward-bound.
The Supreme Court on Tuesday came down heavily on the Karnataka government over actor Kamal Haasan's film "Thug Life" not being released in the state, saying mob and vigilantes cannot be allowed to take to the streets.
It emphasised that agricultural infrastructure needs considerable investments and hence Section 80IA benefits must be extended to all such investments like IT infrastructure, computers, VSAT, solar panels, water harvesting facilities, storage etc.
Where does Kamal Haasan stand on the issue of imposition of Hindi in the south? "I stand with Punjab. I stand with Karnataka. I stand with Andhra," is his quick reply.
Reforms in the Indian economy have brought about a change in the nature, role and functioning of industry chambers and their membership, both in terms of composition and numbers.
Actor Kamal Haasan has sparked outrage in Karnataka after he said "Tamil gave birth to Kannada" at an event in Chennai. Pro-Kannada groups have staged protests across the state, demanding an apology from the actor. They have also threatened to disrupt screenings of his upcoming film "Thug Life" in Karnataka. The Karnataka Film Chamber of Commerce is also set to discuss a possible ban on the actor.
Industry associations and companies in the United States, including the US Chamber of Commerce, Coalition of Services Industries and the iconic bike company Harley Davidson have called on the Donald Trump dispensation to push India to reduce tariffs, non-tariffs, and regulatory barriers to boost American exports.
Kamal Haasan stoked a controversy during the audio launch event for his film Thug Life in Chennai, by remarking that Kannada was born out of Tamil.
Farmer representatives and agricultural stakeholders urged the government to provide cheaper long-term credit, implement lower taxes, and double the PM-KISAN income support during a comprehensive pre-budget consultation with Finance Minister Nirmala Sitharaman on Saturday. The two-hour meeting saw a detailed discussion of proposals, aimed at addressing multiple challenges in the agricultural sector, with key demands focusing on financial relief, market reforms, and strategic investments.
According to Khemka's family members, his son was also shot dead by criminals six years ago in Hajipur.
'In my 26 years at Raj Bhavan, working with more than ten governors, I can tell you C P Radhakrishnan Sir stands out.'
CII president K V Kamath, Federation of Indian Chambers of Commerce and Industry president Rajeev handrasekhar and Assocham President Sajjan Jindal held discussions with Chidambaram immediately after Prime Minister Manmohan Singh had interacted with a larger industry group. The government as also the Reserve Bank of India have taken a number of steps since beginning of October to ward off the Indian banking system from the global financial contagion.
Restoration of communication and transport links between India and Pakistan and liberalising visa norms for the businessmen are among the suggestions made by the India-Pakistan Chamber of Commerce and Industry.
The Kashmir valley observed a shutdown on Wednesday in protest against a terror attack that killed at least 26 people, mostly tourists, in Pahalgam. This was the first time in 35 years that the valley observed a shutdown for a terror attack. Organisations from all walks of life supported the bandh call, including political parties, socio-religious organisations, trade bodies, and civil society groups. Security has been beefed up across the valley, especially at vital tourist spots.
Popular singer Sonu Nigam has reiterated his love for the Kannada people but said he was "threatened" by a group of young men at a recent concert in Bengaluru over language issues. Nigam said he was "threatened" by a group of young men who demanded he sing in Kannada at the concert. He said he will cooperate with police authorities in Karnataka and will accept their verdict.
The award was presented by Dr Martin Mackay, pesident Global R&D, Pfizer and Karun Rishi, president, USA-India Chamber of Commerce, at a function in Boston recently, according to a release by the chamber.
President Donald Trump of the United States has imposed 'reciprocal tariffs' on imports from various countries. With this abandonment of the policy to impose the same tariffs on imports from most countries, nearly all governments, businesses, and economists are busy examining the short- and medium-term implications of this change.
The present government had removed the need for clearance from Dhaka for Pakistani heads of missions while issuing visas, Bangladesh high commissioner to Pakistan Iqbal Hussain told the business community here at the Lahore Chamber of Commerce and Industry on Saturday.
I'...additional concessions, such as opening government procurement, reducing agricultural subsidies, weakening patent protections, and allowing unrestricted data flows -- demands India has resisted for decades.'
In a dramatic shift in Canada's foreign policy, Prime Minister Mark Carney on Thursday declared that the long-standing economic and security relationship between Canada and the United States has ended, responding to US President Donald Trump's announcement of new auto tariffs that could severely impact Canada's economy, Politico reported.
China supplied more than $20 billion worth of arms to Pakistan. These include 20 J-10CE and JF-17 Block III fighter aircraft, Wing Loong drones, frigates, submarines, Hongqi HQ-9P surface-to-air missiles, 240 PL-15E air-to-air missiles, LY-80 air defence systems, ZDK early warning aircraft and other weapons.
The London Chamber of Commerce and Industry plans setting up of 250 centres of learning and resource centres in Gujarat.
Chinese ambassador to India, Xu Feihong, on Wednesday expressed hope that the recently completed Indo-China border disengagement in Eastern Ladakh would smoothen relations and pave the way for a better understanding between the two neighbours in the days ahead.
The awards, aptly named, 'Transforming Our World -- 2011 Excellence Awards', were presented for community leadership to Swatantra Jain of Vinmar International Ltd and Avinash Ahuja of Magnum Producing Company.
'Amaravati will be a game changer for Andhra Pradesh.'
Trump's sweeping tariffs and penalties on China-built ships have turned global shipping into the front line of economic war, observes Shyam G Menon.
Many states are realising that hosting mega events puts the spotlight on them and raises their profile.
The meeting is a prelude to the framing of a public private partnership policy for the railways.
India SME Forum, an organisation for small and medium businesses, has called for creating a dedicated fund of Rs 5000 crore for the export capacity development, promotion, and marketing of Micro, Small & Medium Enterprises (MSMEs) in its Budget recommendation. The forum for MSMEs with over 98,000 members said that to enhance India's global competitiveness and increase its market share in global exports, it was "crucial to increase the number of active exporters and enable at least 3-4 lakh first-time micro, small, and medium exporters while supporting them in promoting Indian products globally."
Two Hindu traders in Pakistan have been kidnapped by gangsters who have demanded the release of their accomplices from police custody in exchange for the safe release of the businessmen, police said Wednesday.
US Commerce Secretary has appointed Purnima Voria to a new National Advisory Council
Sri Annapoorna Hotel on Saturday appealed to the people to put to rest unnecessary assumptions and political misunderstanding after a video of its owner apologising to Union Finance Minister Nirmala Sitharaman over his remarks on Goods and Services Tax (GST) went viral on September 13.
In the shadows of a sliding rupee, India's knitwear hub Tiruppur is weaving a success story. While the domestic currency edges closer to the 86 mark against the US dollar, triggering concerns for many sectors, this textile town in Tamil Nadu is finding opportunity in adversity: Between April and December alone, Tiruppur's exports reached Rs 26,000 crore, almost eclipsing last financial year's total of Rs 30,690 crore.
Federation of Pakistan Chambers of Commerce and Industry President Zubair Ahmed Malik also said that the negative list should also be pruned to boost bilateral trade with India.
Ecommerce firms will have it tough as govt turns down FDI proposal.
The government will set up a special purpose vehicle to push ahead with plans to start manufacturing commercial aircraft in India, Civil Aviation Minister K Rammohan Naidu said on Wednesday as he highlighted the potential of the country's fast-growing aviation sector. The Bhartiya Vayuyan Vidheyak Bill 2024, which was passed by the Lok Sabha in August, includes provisions to regulate the design and manufacturing of aircraft, supporting the Aatmanirbhar Bharat initiative for self-reliance.
Union minister Chirag Paswan on Monday said his Lok Janshakti Party-Ram Vilas wants to fight the assembly election in Jharkhand and a final decision will be taken soon on whether it would contest under the National Democratic Alliance (NDA) or alone.
The Bilateral Aviation Safety Agreement, the civil nuclear technology transfer, telecom infrastructure security and business jet landing rights are among other "policy accomplishments in 2011" listed on the US chamber's website.
