India Inc

  • India Inc hails BRICS pact to set up New Development Bank July 16, 2014

    New Delhi: Terming as "historic" the pact on establishment of a New Development Bank at the BRICS Summit, India Inc on Wednesday said that the move was likely to strengthen economic cooperation between the five-nation grouping, help stave off future economic crises and boost infra development. "Agreements on setting up of...
  • IIP signals economy on revival path, Budget 2014 to help: India Inc July 11, 2014

    New Delhi: India Inc on Friday said the sharp rise in industrial output in May is a sign the economy is on the road to recovery and expects the rebound to sustain on the back of policy measures unveiled in the maiden budget of the Narendra Modi-led government. "Rise in...
  • India Inc welcomes Modi's Budget, says it sets tone for higher growth trajectory July 10, 2014

    New Delhi: India Inc on Thursday welcomed the Narendra Modi government's maiden budget, saying it sets the tone for attaining higher growth trajectory, job creation and attracting much-needed investments for an economy grappling with multiple challenges. "I think the approach of creating a stable business environment to attract investment and boost...
  • Economic Survey presents realistic macro-economic picture: India Inc July 9, 2014

    New Delhi: Terming the Economic Survey 2013-14 as a "realistic" assessment of the current picture, India Inc on Wednesday hoped that the Budget will address key issues like infrastructure development and implement measures outlined in the document to revive growth. "The bold reform measures outlined in the Economic Survey need to...
  • Thrust on PPP, FDI to improve rail infrastructure, create jobs: Industry July 8, 2014

    New Delhi: Terming the rail budget as growth- oriented, India Inc on Tuesday said the emphasis on forging public-private-partnerships and attracting FDI will give a boost to infrastructure development and generate jobs. "We welcome the proposal for financing bulk of future projects through public-private-partnership (PPP) route that will help overcome the...
  • RBI restores overseas investment limit July 3, 2014

    Mumbai: The Reserve Bank of India (RBI) on Thursday restored the overseas investment limit of Indian companies to 400 percent of the firm's net worth after the rupee rebounded from last year's record low levels against the dollar. Last August, the RBI cut the overseas investment limit for companies to 100...
  • Afghanistan woos India Inc; to give preference to Indian companies June 24, 2014

    Mumbai: Keen on attracting greater funds from India Inc in rebuilding the war-ravaged nation, Afghanistan will accord preferential treatment to Indian investors, a top official said on Tuesday. "Afghanistan has been a recipient of assistance for capacity building, infrastructure, community based business projects and humanitarian assistance from India. We intend to...
  • India Inc expects better services post rail fare hike June 20, 2014

    New Delhi: India Inc on Friday said the hike in railway passenger and freight fares will help in resource mobilisation, hoping that the higher fares will lead to better quality and safety of services offered by the Indian Railways, while asking the government to allow FDI in Railways. "The rates...
  • India Inc sees GDP growth of 5-6 pc in FY15: Survey June 19, 2014

    Mumbai: As many as 81 per cent of Indian corporates believe the country's economy is likely to grow 5-6 per cent in the current financial year, says a survey. "India Inc expects the economy to grow between 5-6 per cent and rupee around 77 per cent to appreciate against the...
  • India's exports grow at fastest pace in 7 months in May June 11, 2014

    New Delhi: India's exports grew by a double-digit pace for the first time in seven months in May, narrowing the trade deficit and setting the ground for easing of restrictions on gold imports. Exports last month rose 12.4 per cent to USD 28 billion from a year earlier, while imports fell...
  • India Inc lay out agenda for new government May 19, 2014

    New Delhi: Pitching for a more industry-friendly business climate, India Inc on Monday asked the incoming government led by Narendra Modi to initiate steps aimed at promoting investments and reviving manufacturing, while putting in place a non adversarial tax regime. "They need to resolve the retrospective and other taxation matters and...
  • India Inc hails decisive mandate for Modi-led BJP May 16, 2014

    Hailing the clear mandate given by voters to the BJP-led NDA, leading lights of corporate India hoped incoming government would boost economic growth and create jobs to herald a "golden era of change". Hinduja Group Chairman Srichand Hinduja described Narendra Modi's massive mandate as a vote for stability that will put...
  • Narendra Modi supports crony capitalism, says Chidambaram April 13, 2014

    The Congress continues to target BJP's prime ministerial candidate Narendra Modi and Finance Minister P Chidambaram has now said that the former supports crony capitalism. In an interview to CNN-IBN, Chidambaram also hit out at India Inc for calling business leaders fickle. ...
  • India Inc wants BJP to reconsider stand on FDI in retail April 7, 2014

    New Delhi: Dismayed by the BJP's decision to say no to FDI in multi-brand retail in its election manifesto, India Inc has urged the party to reconsider its stand, saying the move may send a wrong signal to overseas investors. However, industry bodies have welcomed other promises made in the manifesto...
  • India Inc eyes poll booster to create 2 million new jobs April 6, 2014

    The upcoming general elections are set to play a key role in the job market, with HR experts pinning their hopes on a stable government to help create over two million new jobs and boost hiring activities by 30-40 per cent this year. As per estimates of various human resource consultants...
  • LS polls: India Inc joins pitch to spread election fever April 4, 2014

    As poll fever grips the nation, corporate biggies like Tatas, Birlas, Hero and Infosys have launched special initiatives to enthuse their own staff and general public to vote and some of them are even promising gifts and other incentives for their employees who vote. Besides, many companies have either declared the...
  • RBI likely to maintain status quo in monetary policy on Tuesday March 31, 2014

    New Delhi: The Reserve Bank will come out with annual monetary policy on Tuesday amid expectations that it will maintain status quo because retail inflation, especially in food items, is yet to show definite signs of moderation. "It would be quite a tough call for the RBI in the given scenario......
  • Congress's poll manifesto a forward looking document: India Inc March 26, 2014

    New Delhi: Terming the Congress poll manifesto as forward looking document, India Inc on Wednesday said initiatives promised by the party with regard to health, pensions and housing will go a long way to support inclusive growth. "The manifesto has pledged to restore India to 8 per cent plus growth rate...
  • Modi woos India Inc, vounches for IT, social media February 14, 2014

    Ahmedabad: In a bid to woo India Inc ahead of the Lok Sabha elections, BJP prime ministerial candidate Narendra Modi on Friday addressed corporates at NASSCOM through video conference. In his 30-minute speech, Modi stressed on the importance of social media and how he's inspired by it. Modi said, "For me...
  • India Inc gives thumbs up to Rail Budget February 12, 2014

    India Inc on Wednesday said the government's focus on modernisation and expansion of the country's vast rail network without touching passenger fares and freight rates was a step in the right direction. Expressing happiness on no populist measures being incorporated in the budget, PHD Chamber of Commerce President Sharad Jaipuria said:...
  • Modi's pitch for industry leaders, to meet 400 CEOs today January 17, 2014

    New Delhi: Strengthening his pitch to India Inc, Gujarat Chief Minister Narendra Modi will address hundreds of CEOs in Delhi on Friday. Modi is scheduled to speak at the Cyber Media ICT Business Awards which would be attended by nearly 400 industry leaders. The BJP prime ministerial candidate will also hold...
  • Rate hike to hit already subdued investments, growth: India Inc October 29, 2013

    Hike in the key interest rate by RBI on Tuesday will hit the already weak investment momentum and impact India's economic growth, India Inc said. "This has disappointed the industry especially as the investment climate continues to be weak and growth outlook remains muted as a high interest rate regime deters...
  • Coalgate: Has CBI FIR led to trust deficit between India Inc and the govt? October 22, 2013

    The CBI will file a status report in the Supreme Court on Tuesday on its investigations in coal blocks allocation scam. The FIR against Aditya Birla group chairman Kumar Mangalam Birla and former coal secretary PC Parakh in the coal blocks allocation scam has possibly led to a trust deficit...
  • India Inc needs to be sensitive to larger social issues, stresses Jairam Ramesh September 22, 2013

    India Inc must be "sensitive" to larger social issues that will be addressed in the new Land Acquisition Bill, Union Minister Jairam Ramesh said on Sunday, adding it cannot "blindly expect" the country to become a Singapore. Ramesh, the Rural Development Minister, said the industry's concerns over the landmark legislation are...
  • India Inc disappointed by hike in repo rate by RBI September 20, 2013

    Expressing disappointment over the hike in repo rate by the RBI, India Inc on Friday said a rate cut by the bank would have helped ameliorate sentiments as businesses are "reeling" under a tight liquidity crunch due to high cost of capital. "High interest rate has been identified as a major...
  • Shape up, or we'll ship out: India Inc to policymakers September 9, 2013

    After the rapid slide in the rupee this year, the message from the country's corporate titans to the government is clear: shape up and fix the problems or more companies will expand their business abroad and deprive the economy of investment. Many, such as entrepreneur Kiran Mazumdar-Shaw, are already doing just...
  • India Inc hails relaxation in multi-brand retail norms August 2, 2013

    New Delhi: Hailing government's announcement to relax investment norms in multi-brand retail and raising FDI caps in several sectors, India Inc on Thursday said reforms were "much-needed" and will boost the confidence of foreign investors which will help in reviving the economy. "These reforms were much-needed," industry chamber CII said. Also,...
  • RBI keeps key rates unchanged: India Inc expresses disappointment July 30, 2013

    New Delhi: Expressing disappointment over the RBI's move for not cutting the key policy rates, India Inc on Tuesday asked the government to take immediate actions to revive growth and boost investments. "We are disappointed. The RBI has also cut down the GDP forecast for FY'14 to 5.5 per cent,...
  • Why a resurgent american economy matters for India Inc May 6, 2013

    Fall in Canada is splendid. Around September to early October, for a couple of weeks every year, the changing leaf colours attract thousands of visitors. Two years ago, Dow India chairman Vipul Shah and his wife decided to take a trip to see the sight. There is this one train...
  • India Inc seeks rate cut by RBI to boost economy April 12, 2013

    New Delhi: Expressing disappointment over poor industrial performance, India Inc on Friday pressed for rate cut by the Reserve Bank of India (RBI) to boost production and further revive the economic growth. Industry chamber FICCI said the RBI should intervene and cut interest rates. "The IIP data for February calls for...