Praise Sachin to the hilt, avoid discussions on Slumdog Millionaire and ignore all possible holdups like ringing phones while in a business conversation: these among others are some of the tips by Melbourne-based consultant Stephen Manallack, who has trained many Australian corporates wishing to do business with Indian companies.
In the last two years, foreign direct investment from India into the United States has grown more than the FDI from the US into India, excluding portfolio investments, Indian Ambassador to the US Meera Shankar said recently.
Known for his habit of dozing off, India's former Prime Minister H D Deve Gowda was literally caught napping when industry leaders went to meet him to discuss the deteriorating state of the Indian economy, DLF Chairman K P Singh has recollected in his autobiography.
The survey revealed that unethical behaviour still persists, with a majority of respondents justifying unfair actions undertaken to survive the economic downturn.
Corporate magnate Ratan Tata on Friday said that Congress general secretary, Rahul Gandhi had opened a door for investments in Jammu and Kashmir.
The lowered outlook jeopardises India's long-term rating of BBB-, which is the lowest investment grade rating. S&P has threatened to downgrade India's rating in next 2 years if the fiscal situation does not improve.
Industry chamber Confederation of Indian Industry said successive hikes in interest rates have had a dampening impact on industrial growth.
The implication of a slowdown in the financial services sector are very different (eg, likely to affect fewer people directly, and even that affecting those at the top of the income distribution) from that of a slowdown in construction, one of the most employment intensive sectors in the Indian economy (that will affect aggregate demand much more).'
Following a spate of bribery cases, Indian Inc may be in for some severe trouble after the UK Bribery Act comes into force from April 1.
Though the Indian aviation sector is finding it tough to glide smoothly due to the rise in operating cost, Indian Inc seems to be flying high with new aircraft buys
The government has already notified 28 accounting standards for Indian corporates and would assess more standards for notification, an official release said. "The government would examine further accounting standards to be followed by companies, on the basis of the standards proposed by ICAI, subject to the recommendations of NACAS thereon, for notification in accordance with the procedure laid down under the Companies Act, 1956," it said.
Merger & acquisition and private equity deals struck by Indian Inc in the first half of the current year nosedived by more than half in terms of volume to 216 deals and by 66 per cent value-wise at $7.814 billion over the same period last year.
Corporates would up their security budgets by 35-40 per cent, the industry chamber said. The industry, which has been growing at 25 per cent over the past 5-7 years, would achieve a growth rate of 125 per cent by 2012, it added.
The Indian Institute of Management-Bangalore invites corporates, entrepreneurs, professionals, MBA students and undergraduate students to attend its annual festival VISTA 2005.
Experts said equity raising was also hampered due to flight of capital from foreign investors. FIIs have sold more $500 million (Rs 3,200 crore) in October.
Expectations are that the government will use the Union Budget to create an environment, which is conducive for growth.
'All businesses have to be run for business, for profits on a sustainable basis. It may sound old school, but then I have been in business for 32 years and you can't change an old tiger's stripes.'
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