Intercontinental Hotels Group (IHG), the world's biggest hotel chain operator, has put an ambitious target of opening 150 hotels over the next nine years.
The private sector has been selfish and greedy, and does not realise that it's they who should be blamed for the failure of India's growth story rather than the system and politicians.
'I don't see any major setback for the Indian markets post the US Fed event.'
'The untimely demise of Shri Cyrus Mistry is shocking. He was a promising business leader who believed in India's economic prowess,' Prime Minister Modi said in a tweet.
'Implementation of GST would lead to the growth story of India'.
Global merchant banking firm Goldman Sachs said on Tuesday India can potentially be a 'bigger growth story' by growing faster than China after 2015 if it improves infrastructure and education system.\n\n\n\n
Embarking on a fresh start after last year's alleged Rs 870 crore fraud in its Indian arm, sportswear major Reebok is undertaking a new retail concept and marketing campaign to chart out a new growth story.
With global investors buying into the India growth story, the size of private equity deals in the country has doubled in the last two years.
Area covered by wildlife sanctuaries in India has actually shrunk from 155,980 square kilometre to 116,251 square kilometre
Clean air needs action all year round; and that it will work only if we act jointly and at scale, asserts Sunita Narain.
According to the RBI's Financial Stability Report, the industry's gross bad-loan is at a 14-year high. As RBI's March 2017 deadline for banks to clean up soured credit looms closer, Shailajanand Mishra takes stock of just how bad the situation is.
'If you look at where inflation (headline and core) is today in India and where the rates are, there's clearly room to cut rates.'
Wrapping up his four-day state visit to the US, Prime Minister Narendra Modi on Friday asserted that a new and proud journey of India-US ties has begun and the world is watching the two great democracies strengthening their bond.
Nothing in India's recent history suggests that India can provide 8-9 million jobs a year, let alone generate 50 million jobs in any reasonable time, notes Mahesh Vyas.
The Bank suggested reforms in infrastructure sector.
The battle for the top spot in the two-wheeler market is intensifying. The gap between Hero MotoCorp and Honda Motorcycle & Scooter India (HMSI) in retail sales narrowed to just 45,607 units in June. This improvement comes as HMSI has clawed back market share after dipping to a historic low of 18 per cent in May 2023. Now, the retail market shares of the two companies are 28.86 per cent and 25.54 per cent, respectively, compared to 35.54 per cent and 18.05 per cent in May 2023.
From a modest two-bedroom apartment in Koramangala, the Bengaluru-headquarted company now has multiple offices across the country.
A day after lambasting e-commerce players for predatory pricing, Union Commerce Minister Piyush Goyal on Thursday said he is not against online platforms but India wants such entities to be "fair and honest" in their conduct. Speaking with reporters in the financial capital, the outspoken Union minister said the rule of the law should be followed in letter and spirit, and made it clear that consumer preferences should not be influenced by algorithms.
This is because the action outside of the indices over the past month has been rather strong
'When manufacturing or even services cannot generate the kind of employment they are looking for, they prefer to be unemployed rather than under-employed.'
In a significant win for the Adani group, the Supreme Court on Wednesday refused to transfer the probe into allegations of stock price manipulation by the Indian corporate giant to a special investigation team or the CBI, saying market regulator SEBI was conducting a "comprehensive investigation" and its conduct "inspires confidence".
Aravind Adiga, winner of this year's Man Booker Prize for his debut novel The White Tiger says his novel highlights the brutal injustices of changing India, which is on the verge of inheriting the world from the West. Adiga's novel is creating ripples in India for its defiantly unglamorous portrait of the country's economic miracle. Refuting that the novel was an attack on the growth story of the country, Adiga said writers like him should highlight the brutal aspects.
The Aditya Birla Group announced the merger of its two holding companies, Aditya Birla Nuvo and Grasim, to make the holding structure clearer, ensure stable cash flows and unlock value in its financial services arm
'When you look at reviving private sector capex, I don't think there's a better story than steel.'
On the telecom sector, he demanded auctioning of more spectrum.
'If there is any reason to change my holding in Adani group stocks, the Hindenburg report on the group is not the one.'
'I get enormous pleasure from seeing the uplift of an underprivileged or poor person.' 'I feel elated when I walk on the street and see someone who pushes a handcart talking on a cell phone.' A revealing glimpse from Peter Casey's The Story of Tata: 1968 to 2021.
'We are going to need more technical people in government.' 'You can't expect a generalist to understand the complicated world of financial engineering.' 'I regret to say that most of our politicians have no competence to deal with these things. Nor is there a willingness to learn.'
Undeterred by the stock market volatility, uncertainty due to the Ukraine-Russia war and high inflation, equity mutual funds continue to remain attractive choice for investors for the 15th straight month, registering a net inflow of Rs 18,529 crore in May on robust SIP numbers. This was higher than Rs 15,890 crore net inflow in April, data from the Association of Mutual Funds in India (AMFI) showed on Thursday. Equity schemes have been witnessing net inflow since March 2021, highlighting the positive sentiment among investors.
Betting big on India, beverages giant Coca-Cola on Tuesday said it, along with partners, would more than double investments in the country to $5 billion (about Rs 28,000 crore) by 2020.
'While every year presents new challenges, it also provides opportunities for better growth and performance.'
Overall, the Brazil, Russia, India, China and South Africa gap has widened as developed economies are taking the lead.
Rating agency Fitch on Tuesday upgraded India's long-term foreign and local currency issuer default ratings
'India has many attractive features for the long-term investor; it combines: A low per capita income, a young population, and a heavier presence of high margin, asset-light firms in the technology sector.'
Since October, FPIs have sold over $26 billion worth of stocks, which is the largest selling ever seen in India, observes Akash Prakash.
The biggest gain has been the new structures that have been created which are for the better. In terms of direct material gains, the results have been exemplary as they were definitely not visible before the reforms period.
For Lori Beer, chief information officer, JPMorgan Chase & Co, largest banker in the US, India is a big part of the organisation's global technology footprint and is core to its products and services. This is evident from the fact that in less than two months since JPMorgan & Chase chief executive officer Jamie Dimon visited India, Beer has come here to see the recently opened centres in Mumbai and Bengaluru. "What is different for me this year are our new centres and to be able to come and see the vibrancy, and connectedness is great.
Hopes for India's long-term growth have never been lower, but the likelihood of that growth has never been higher.
Arun Maira who worked for 25 years with the Tata Group, remembers his early years with Ratan Tata.
