New Delhi: India Inc on Thursday was impressed by Congress leader Rahul Gandhi's maiden interaction with corporate leaders saying he came across as a sincere leader and this can form the basis for future engagement with the industry. "It was a very good speech. His ideas are brilliant. Industry has to see how it can work with the government. We should work in unison for greater progress," said Adi Godrej,...
03:20 PM, Apr 04, 2013
Congress Vice President Rahul Gandhi on Thursday raised a strong pitch for inclusive growth, saying Congress was the only party that believes in harmony. Addressing the industry leaders at the Confederation of Indian Industry (CII), Rahul Gandhi said the weaker sections, women, backward classes should be taken along for the country to grow. ...
02:17 PM, Apr 04, 2013
New Delhi: "These are irrelevant questions. It's all smoke." This was how Congress Vice-President Rahul Gandhi on Wednesday described speculation about his becoming the Prime Minister and getting married while addressing business barons of the country. "I got press guys asking when you are getting married. Somebody else saying, boss, when are you going to be the Prime Minister. Somebody saying, no your are not going to be PM, somebody...
01:19 PM, Apr 04, 2013
New Delhi: Congress Vice President Rahul Gandhi on Thursday raised a strong pitch for inclusive growth, saying Congress was the only party that believes in harmony. Addressing the industry leaders at the Confederation of Indian Industry (CII), Rahul Gandhi said the weaker sections, women, backward classes should be taken along for the country to grow. Speaking of equal rights for all, Rahul Gandhi said, "The biggest danger to national movements...
12:07 PM, Apr 04, 2013
Mumbai: The rupee on Thursday lost 16 paise to 54.59 against the dollar in early trade on the Interbank Foreign Exchange due to continued capital outflows and increased demand from importers for the US currency. Besides, dollar's gains against euro overseas also put pressure on the rupee. Dealers attributed the rupee's fall to increased capital outflows by foreign funds and a lower opening in the stock market. The rupee had...
10:04 AM, Apr 04, 2013
Washington: At a time when the US is facing economic strain and automatic budgetary cuts is in place, President Barack Obama will return five per cent of his salary amounting to $20,000 to the Department of Treasury. The salary of the US President is $400,000 per annum (over Rs 2 crore) and in a show of solidarity he will return $20,000 (over Rs 10 lakh). "Obama instructed his staff he...
09:46 AM, Apr 04, 2013
It was carnage on Dalal Street with the BSE Sensex shedding over 500 points in two trading sessions on Wednesday and Thursday. Political uncertainty, ETF funds and FII selling and ever-worsening economic data were the key triggers for the downfall. The Sensex closed at 18509, down 292 points or 1.55 percent and the Nifty ended at 5574, down 98 points or 1.73 percent. The benchmark indices closed below their 200-Day...
09:31 AM, Apr 04, 2013
New York: US stocks fell on Wednesday, with the S&P 500 index posting its biggest daily decline in more than a month, after a weaker-than-expected survey of private employers raised concerns about the strength of the economy. News the Pentagon was sending a missile defense system to Guam in the coming weeks and remarks by Defense Secretary Chuck Hagel that North Korea posed a "real and clear" danger added to...
05:48 AM, Apr 04, 2013
BJP leader Yashwant Sinha on Wednesday charged that the Indian economy is in a bad shape and asked Congress President Sonia Gandhi to direct her "team of economic managers" to resign and go for elections to choose a new government. ...
08:36 PM, Apr 03, 2013
The rupee fell on Wednesday, tracking a decline in domestic stocks on global risk aversion ahead of the key global central bank decisions and US jobs data and on continued concerns over political stability at home. ...
06:23 PM, Apr 03, 2013
Gold extended losses to hit its lowest level in ten months on global cues, attracting bargain hunters in the wedding season. ...
05:16 PM, Apr 03, 2013
Expressing commitment to continue with reforms, Prime Minister Manmohan Singh on Wednesday indicated the government will further liberalise FDI regime in the coming months and push the land reforms measures. ...
03:19 PM, Apr 03, 2013
Faced with muted exports, the government on Wednesday said it will come out with a "pragmatic" Foreign Trade Policy (FTP) on April 18, which among other things, would provide incentives to push shipments. ...
02:20 PM, Apr 03, 2013
The industry on Wednesday welcomed the statement of Prime Minister Manmohan Singh making a case for speedy and decisive actions to achieve 8 per cent economic growth. ...
01:25 PM, Apr 03, 2013
Following is the text of the Prime Minister, Dr Manmohan Singh's address at the CII National Conference and Annual General Meeting, in New Delhi on Wednesday. ...
01:02 PM, Apr 03, 2013
It was disappointing that growth had slowed to five per cent but this was temporary and the government was taking corrective measures to get back to eight percent growth, Prime Minister Manmohan Singh said on Wednesday. Addressing the annual meeting of the Confederation of Indian Industry (CII), the prime minister said the government and business have to be partners in writing the story of development. ...
11:50 AM, Apr 03, 2013
The Indian economy is facing a temporary downturn, and average rates of economic growth above 8 per cent are possible in the medium term, Prime Minister Manmohan Singh told a gathering of the nation's top businessmen on Wednesday. ...
11:18 AM, Apr 03, 2013
Prime Minister Manmohan Singh made a poll pitch to the industry and said that all regulatory hurdles will be removed. Manmohan inaugurated the two-day annual general meeting of the Confederation of Indian Industry (CII) on Wednesday and asked corporate India to reflect on their social roles more carefully. ...
11:00 AM, Apr 03, 2013
>Asserting that India has to sort many internal issues, Finance Minister P Chidambaram on Monday said containing fiscal deficit, current account deficit and inflation are big challenges that country is facing currently. However, he maintained that the problems were being addressed and that fiscal deficit will reach the target of 3 per cent in 2016-17. ...
06:40 PM, Apr 01, 2013
India's economy is capable of absorbing $50 billion in foreign direct investment per year, Finance Minister P Chidambaram said on Monday. Addressing a news conference during a visit to Tokyo promoting India as investment destination, Chidambaram also reiterated that growth in Asia's third-largest economy was expected to accelerate in the current fiscal year to March 2014. ...
02:25 PM, Apr 01, 2013
