Corporate America has urged India's Finance Minister to announce a bold Union Budget that would unleash the next generation of economic reforms and help the country realise its full growth potential.
The comprehensive Senate immigration reform legislation, America Inc thinks, will adversely affect Indian IT companies and will have an inimical spillover impact on American firms too.
Sajjid Chenoy, India economist at JP Morgan is the new part-time member.
According to an official spokesman, it was also decided that some sectors would be identified for investment through which industry could be set up in minimum time.
The Gems & Jewellery Export Promotion Council (GJEPC), the apex body set up by the Union ministry of commerce to monitor the jewellery business overseas, says it might call for pulling out of the diamond cutting and polishing business in China.
There's a strong sense inside the Democratic leadership that if you care about India, now is the time to stand up for it, says Graham Wisner, counsel at the top international lobbying firm Patton Boggs.
The government should provide home loan up to 25 lakh at a lower interest rate of 5 per cent to the people of the middle class, a prominent realtors' body appealed to the government against the backdrop of soaring home prices. G Hari Babu, president of the National Real Estate Development Council (Naredco), in an online interaction with Business Standard, said that the middle class in India accounts for roughly 30 per cent of the total population and is dependent on rental accommodation.
In spite of the Orient snub, Tatas are still negotiating with them for the hotel takeover as well as scouting other US cities for luxury hotels.
Seeking "real partnership" with India in the field of trade, the government of the Australian state of Victoria has announced setting up of its representative office in the financial hub of Mumbai to build links with one of the fastest growing markets of the world.
'They are geopolitical, commercial, educational, cultural and about innovation.' 'Also, they are about a common value system.'
"India-US Bilateral Aviation Safety Agreement (BASA) will improve passenger safety and therefore caps the success of the 2005 Open Skies Agreement, which opens more routes, includes more airlines, and greatly improves the ability for companies to engage in commerce between the US and India," USIBC chief Ron Somers said.
"India-US Bilateral Aviation Safety Agreement (BASA) will improve passenger safety and therefore caps the success of the 2005 Open Skies Agreement, which opens more routes, includes more airlines, and greatly improves the ability for companies to engage in commerce between the US and India," USIBC chief Ron Somers said.
The American corporate sector has flayed the US government's move to increase visa fees for IT professionals, saying the bill is "discriminatory" against foreign companies and would undermine investment relations with India.
In addition to mounting its own effort and putting in all its resources to convince the US lawmakers that the killer provisions of the comprehensive immigration reform bill -- that has been introduced in the Senate by the bipartisan group of eight Senators called the Gang of Eight -- the top business group representing the interest of US companies doing business in India is in the final stages of hiring a top lobbying firm for the purpose.
The US-India Business Council (USIBC) will confer the 'Global Vision' 2007 award for leadership on Reliance Industries Ltd chairman Mukesh Ambani in Washington on Wednesday.
India with its promise of higher return on investments offers boundless opportunities for corporate America to invest in the country, particularly in manufacturing and infrastructure, Commerce and Industry Minister Anand Sharma has said.
'We have never before seen an Indian prime minister's visit to the United States so heavily business-oriented and so packed with meetings with the US business community.' Aziz Haniffa/Rediff.com reports from Washington, DC.
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.
Uttar Pradesh Chief Minister Akhilesh Yadav's proposed visit to the US in July to boost investment chances in the state now appears to be in limbo with his Samajwadi party taking a belligerent anti-US stand.
Ron Somers, president, United States-India Business Council speaks his mind about Indo-US tiff over outsourcing.
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.
TechHub, which seeks to promote an exchange of ideas and forging of collaborations, was inaugurated by Nick Clegg, deputy PM, UK.
The 49-year-old entrepreneur oversees the media and real estate arm of Dempo Industries as its executive director.
Nooyi is the first woman to ever serve at the helm of the premier business advocacy organization.
Observing that voices of protectionism emanating from the political quarters, is an issue of concern for American businesses, an Indo-US chamber has said it believes that such trends need to be resisted.
The stock of the country's largest passenger vehicle maker, Maruti Suzuki India (MSIL), has been hitting successive all-time highs over the past three trading sessions. The rally in the scrip has helped it notch over a 21 per cent gain since the start of February, outperforming the National Stock Exchange Nifty Auto Index. The gains for the leader of small passenger cars have been more recent, as the company still trails the Nifty Auto over one- and two-year periods.
The Ministry of Micro, Small and Medium Enterprises (MSME) has received "positive" feedback from industry regarding the 45-day payments cycle for MSMEs, according to a senior official familiar with the matter. The comment assumes significance amid concerns raised by some MSMEs that big companies may stop buying from small and medium suppliers and instead choose to make purchases from unregistered enterprises.
Looking ahead to global economy of the future, the US-India Business Council (USIBC) has announced the launch of a new initiative aimed at strengthening institutional linkages between academia, industry and NGOs focusing on the elementary, vocational and higher education sectors in both countries.
The survey report, titled Opportunities For UK Plc In Emerging Cities In India, also ranks eight other cities -- Ahmedabad, Chandigarh, Jaipur, Goa, Indore, Kochi, Nagpur and Vadodara -- as the most conducive destinations for UK investments in India. While its annexure lists 41 cities in the survey's ranking -- with Pune holding the top rank and Ranchi getting the lowest rank -- it provides a detailed study of nine cities that merit UK investment the most.
On Monday night, Air India hosted a dinner Melbourne for the Indian diaspora and Australian leader and government officials to mark its launch in Victoria.
William S Cohen, former defence secretary in the Clinton administration and a three-term Republican United States Senator and currently the chairman and CEO of the Cohen Group and a member of the board of directors of the US-India Business Council, has applauded the appointment of Nirupama Rao as the new ambassador to the US. It comes as a propitious time when there's a sense that the US-India relationship is adrift, he has said.
'China is India's primary strategic challenge, which will not go away.
Experts consider Sebi's takeover code in its present form to be on a par with any foreign code governing public mergers and acquisitions.
'The focus needs to shift towards the ability to collect payments, particularly in tier-3 to tier-4 areas where acceptance is still lacking.'
Harold 'Terry' McGraw, chairman, president and chief executive officer, McGraw-Hill companies, has taken over the helm of the United States-India Business Council, succeeding Indra Nooyi, chairman and CEO, PepsiCo.
With billions of dollars in military technology agreements likely to be made with the United States-India nuclear deal going through, there's an excited buzz among American companies.
Thomas Isaac has been in and out of the national news in his role as Kerala's finance minister since 2018 for various path-breaking tax initiatives. But it is 2020 that he has become more prominent, principally in the GST council.
