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.
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.
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.
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.
Ron Somers, president, United States-India Business Council speaks his mind about Indo-US tiff over outsourcing.
'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.
TechHub, which seeks to promote an exchange of ideas and forging of collaborations, was inaugurated by Nick Clegg, deputy PM, UK.
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.
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 Bharatiya Janata Party on Tuesday clinched a stunning hat-trick win in Haryana overcoming anti-incumbency and dashing Congress' hopes of a comeback while the National Conference-Congress combine pulled off a spectacular victory in maiden elections in Jammu and Kashmir after abrogation of Article 370 in 2019.
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.
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.
'...to prevent this episode from disrupting ongoing cooperation.' 'The discovery of this plot had the potential to derail much of what has been achieved in the relationship during this administration's tenure -- I don't think that fact has been sufficiently appreciated in India.'
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.
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.
Party's chief spokesperson K C Tyagi said Kumar has agreed to take over the mantle from Lalan Singh.
Disney had bought digital and streaming rights to show the ICC's tournaments in India
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.
An obviously chagrined United States-India Business Council, which has lobbied feverishly for the passage of the US-India civilian nuclear deal in the US Congress, on Monday issued a guarded reaction to the passage of the nuclear liability bill in the Parliament that had 'compromised on the indemnity clause demanded by American companies to protect it from liability in case of a nuclear accident.'
IPL's Governing Council will have a meeting with the owners of all 10 franchises in Mumbai on Wednesday to discuss the various key issues of this year's players auction.
Nadella's visit comes at a time when the Indian government is taking a strong position on issues like data localisation and tightening the rules for e-commerce companies as well as social media platforms.
Commerce Minister Anand Sharma on Wednesday sought to assure prospective American investors that India is a 'welcoming investment' destination where the climate is 'totally conducive' to such actions.
The GST Council's agenda includes trimming the number of items in the 28 per cent slab by 75 per cent, easier compliance for assessees and small taxpayers, and a presentation on bringing real estate under GST.
Insurance companies reported nearly 23 per cent growth in first year premium in the first quarter of financial year 2024-25, when compared to the same period last year, with market leader LIC leading the charge with 28 per cent growth. According to the data released by the Life Insurance Council, the new business premium (NBP) increased by 22.91 per cent year-on-year (Y-o-Y) to ~89,726.7 crore in Q1FY25 from ~73,004.87 crore in Q1 FY24, reflecting a robust demand for insurance policies in the country.
Stating that the deal had good bipartisan support, Rice said: "I do not believe this initiative is Republican or Democratic."
The Supreme Court has sought responses of the Centre, CBI, the Enforcement Directorate and others including 13 states on a plea alleging fraudulent activities by motivational speaker Vivek Bindra and his firm Bada Business Pvt Ltd. Accusing the social media influencer and his firm of tricking people into giving them their money through a ponzi scheme that promised big returns, the petition sought a direction to the Centre to constitute a special investigation team (SIT) of the CBI to probe the case. A bench comprising MM Sundresh and SVN Bhatti took note of the submissions of senior advocate Vikas Singh, appearing for Shubham Chaudhary and 19 other petitioners, that Bindra and his firm have duped several people of their money.
It aims at tackling issues such as child labour, mistreatment of workers, and denial of basic wages, among others. There will also be penalties for non-compliance.
The USIBC said that this was 'a significant step that puts decades of Cold War baggage behind the world's two largest democracy', and that in achieving 'consensus' on this 'key bilateral agreement', it held out the promise 'to bolster the US and India as reliable partners for the long future in the sensitive areas of defence and security trade'.
Describing the state visit of Prime Minister Narendra Modi to America as a "watershed moment" in bilateral ties, US Ambassador to India Eric Garcetti has said that this week will be one of those moments that can change the course of history as the two democracies get together for peace and prosperity.
If confirmation was required that the Indo-US nuclear deal has opened doors for business between the two countries, it is here.
'The president and this administration have been working very, very hard to make sure we're doing everything we can to work with state and local authorities to try to thwart and disrupt those kinds of attacks and make it clear to anybody who might consider them that they'll be held properly accountable'
In its master circular on general insurance products, which takes immediate effect, Irdai specified, 'The customer may be required to submit only those documents directly related to claim settlement.'
Russia and China are tight-fisted and Iran is broke and none of them has the political will or capacity to bankroll the Afghan economy, which only the US can, points out Ambassador M K Bhadrakumar.
Tara completes a landmark... Mallika's favourite colour... Ibrahim goes to Miami...
