India's top IT companies need to open new facilities in the United States to create more employment opportunities for locals and to change the perception that they were job-takers, a leading US business forum representative has said.
In FY24, the net income generated from Waqf properties fell to about Rs 1.26 crore from Rs 150 crore in FY20.
US Deputy Secretary of State Williams J Burns said that several Indian leaders -- both business and political -- educated in the US are testament to the quality of an American education.
The Life Insurance Corporation of India has the wherewithal to acquire a composite license, a top source aware of the development told Business Standard, adding that the insurance behemoth may look into entering the health and general insurance segments. "LIC has the scale, capacity, IT infrastructure, and the distribution reach to take advantage of the composite license. "LIC is looking at organic as well as inorganic growth opportunities.
Ron Somers, president of United States-India Business Council, has termed the Indian government's rollback of foreign direct investment in the multibrand retail sector as yet another addition to the disappointments American business and industry has had to endure.
Govt is looking at problem solving than structural reforms to address economic issues.
Patricia Hewitt, chair, UK India Business Council and former UK minister, spoke on a number of government initiatives and investment sentiments.
In a pre-budget memorandum, submitted to the Union Finance Minister, P Chidambaram, the US India Business Council said it was concerned over the several recent policy initiatives of the Indian government in this regard.
USIBC President slams India for suspending its decision to open the multi-brand retail sector to foreign direct investment.
US Commerce Secretary Carlos Gutierrez has said that with the signing of the historic and landmark US-India civilian nuclear deal it is now imperative that India move quickly to enact nuclear liability protection to envisage the private sector of both countries to engage in business.
"Canada must evolve fast track system for business and student visas and create its brand name in India," Indian High Commissioner to Canada R L Narayan said. He was addressing an international education conference organised by Canada-India Business Council along with Shastri Indo-Canadian Institute.
Asserting that the situation was deteriorating, Rosario urged Yunus to resolve the crisis by giving it top priority and putting an end to the violence.
"We should not have a repeat of what happened in Mumbai. That there was a terror attack and there was no response," Jaishankar told reporters in Mumbai.
India's gain will be an additional business of $300 million to $400 million per month if 10-11% of Bangladesh's export is diverted to Indian hubs like Tiruppur.
USIBC urged a serious evaluation of a more specialised bilateral economic arrangement.
India Inc's India's Business Confidence Index has gone up by 5.4%.
Ron Somers, president, US-India Business Council, which lobbied to get the US-India nuclear technology deal approved, like the rest of the American business fraternity, is upset by India's recent purchase of nuclear reactors and sophisticated technology and weaponry from Russia.
India should be given credit for helping America recover from the economic crisis, says S Jaishankar, India's new Ambassador to the US.
There is deep angst and growing concern by America Inc, over India's Preferential Market Access policy and fears that as a quid pro quo, lawmakers in the US Congress may limit or even prohibit the free movement of Indian technical professionals, including quashing efforts to expand the H-1 B visa program.
'At the heart of the strategic relationship between our countries are economic ties.'
UK has launched an initiative called 'Next Generation India' to boost India-UK trade relations and encourage NRI entrepreneurs.
Sharma said both US President Barack Obama and Indian Prime Minister Manmohan Singh are firmly committed to take this relationship to greater heights.
Bangladesh will take on Scotland in the tournament opener in an afternoon fixture followed by a clash between Asian teams Pakistan and Sri Lanka later in the day at Sharjah.
Industry sources told India Abroad they wouldn't shed any tears if the legislation died in the House.
Arguing that the 'extraordinary economic growth that has in fact been taking place between the United States and India,' that has translated 'into thousands of jobs created in both countries, has 'sometimes been lost in the distraction of the daily headlines,' is the focus of a major report officially launched by the US-India Business Council titled 'Investing in America, How India Helps Create American Jobs.'
"We will raise Rs 300 crore via bonds of two-, three- and five-year tenures. This will be our maiden bond issuance and is part of our effort to widen funding sources," says Vimal Bhandari, executive vice-chairman and chief executive officer (CEO), Arka Fincap. The firm, a subsidiary of Kirloskar Oil, is only five years old and small (assets of around Rs 5,000 crore with an "AA" rating), but the response to this float will be closely watched: It would be the first by a non-banking finance company (NBFC) after Mint Road upped the risk weights on bank exposures to them by 25 percentage points. The move by the Reserve Bank of India (RBI) has caught NBFCs off guard even though the issue had been flagged by Governor Shaktikanta Das with their corner-room occupants (and that of banks) in July and August 2023 - on consumer credit and the dependency on bank borrowings.
The diplomat made the remarks replying to lawmakers' questions on New Delhi abstaining from several UN vote on Russian aggression against Ukraine.
Ukraine is currently in the middle of a strategic offensive into Russia's Kursk region.
Noting that India's rapid growth is a critical engine of global economy, PepsiCo chief Indra Nooyi has said the business community in the United States was eager on playing an active role in the country's future economic development.
A Bangladeshi court on Tuesday denied bail to prominent Hindu leader Chinmoy Krishna Das Brahmachari, arrested on alleged 'sedition' charges, and sent him to prison, amid protests by community members in the capital Dhaka and the port city of Chattogram.
At least 30 suspects have been detained in Bangladesh's Chattogram city for their alleged involvement in the killing of a lawyer and attacking security personnel following the arrest of a prominent Hindu community leader. The violence erupted after Chinmoy Krishna Das Brahmachari, spokesperson for Bangladesh Sammilita Sanatani Jagran Jote, was denied bail and sent to jail in a sedition case. The lawyer, Assistant public prosecutor Saiful Islam, was killed during clashes between security personnel and Das' followers. The interim government has condemned the violence, urging people to remain calm and has ordered an investigation into the killing and appropriate legal measures.
Average monthly GST collection rose from Rs 90,000 crore during the first year of its implementation -- 2017-2018 -- to Rs 1.68 trillion during 2023-2024, representing an 87 per cent rise.
United States has asked India to deliver the commercial promise of the historic civil nuclear agreement between the two countries.
The US Chamber of Commerce has written the President complaining of India's discrimination against a wide range of US exports.
Like in any expanding relationship, there will always be transactional issues to address between the two sides, says Rao.
Aziz Haniffa reports from Washington, DC, on a summit designed to transform India's education.
Speaking at a summit organised by the US-India Business Council in Washington DC, Secretary of State Hillary Clinton pushed for stronger economic and diplomatic ties between the United States and India.
India open for investment; US ready to move in: USIBC chief.
The Coalition would continue the work begun by USIBC's Trade and Investment Initiative in 2007.
USIBC wants Obama to raise America Inc's concerns with Manmohan Singh.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances