New Delhi: The Standing Committee's report on land acquisition has been slammed by India Incorporate. This came after the committee insisted that land acquisition by the government can only be done for infrastructure and social projects and not for private profit. Confederation of Indian Industry (CII) President Adi Godrej said, "The Standing Committee report on land will adversely affect the manufacturing sector as it doesn't factor in industry needs. The...
07:33 AM, May 18, 2012
New Delhi: Controversies over land acquisition and labour unrest involving big businesses have prompted the National Human Rights Commission (NHRC) to come up with a "code of ethics" for corporates. A draft report in this respect has been submitted to the NHRC by New Delhi-based Institute of Corporate Sustainability Management (ICSM) Trust and has been perused by the Commission. NHRC had commissioned a study - 'Developing Code of Ethics for...
11:50 AM, Apr 29, 2012
California: A week after announcing a painful round of job cuts, Yahoo CEO Scott Thompson unveiled a plan Tuesday that will reorganise the company into three main divisions focused on users, advertisers and technology. Thompson unveiled the plan at an "all hands" meeting for employees at the company's headquarters in Sunnyvale, California. It will take effect on May 1. According to a memo obtained by The Associated Press, the new...
12:18 PM, Apr 11, 2012
Washington: Uttar Pradesh Chief Minister Akhilesh Yadav seems to have highly impressed leaders of Corporate America who think he represents the young population of India who want change and progress. American business leaders who recently met Yadav in Lucknow got impressed when he asked them what his government needs to do to attract American investment in his state. "What do we need to do invite American investment to Uttar Pradesh,...
12:12 PM, Apr 11, 2012
India's businesses, already facing high interest rates and a global economic slowdown, worry that the finance ministry will ask them to shoulder a bigger tax burden in the budget set for release on Friday to trim the fiscal deficit. After a drubbing in recent state elections, the government has little room to cut subsidies costing 2.5% of GDP. But without fiscal consolidation, the Reserve Bank of India will have a...
04:22 PM, Mar 14, 2012
New Delhi: The Corporate Affairs Minister has ordered an inquiry into its books following complaints from numerous investors against real estate major DLF. The senior officials of the ministry say they've received several complaints alleging that there are anomalies in the company's books. Sources says that SEBI has sent a reference to the Ministry in this regard. The Companies Act empowers the ministry to call and scrunitise a company's books....
06:32 AM, Mar 02, 2012
Kolkata: West Bengal Chief Minister Mamata Banerjee on Monday claimed that a section of corporate houses, who also run media businesses, was criticising her government on different issues as they wanted her to lift the urban land ceiling. "Yes they are up in arms (against the government). Some corporate houses who also run media houses wanted that I lift the (Urban) land ceiling. I will not do so to serve...
01:21 AM, Feb 28, 2012
Indian business tycoon Azim Premji was honoured with the lifetime achievement award. ...
10:57 PM, Jan 29, 2012
New Delhi: Rejecting the contention that the Opposition was obstructing passage of the Companies Bill, BJP leader Yashwant Sinha said the government came up with a new version of the legislation which would be re-examined by the Parliamentary Standing Committee at its meeting on January 24. Sinha argued that the Bill which was placed in the Lok Sabha for consideration and passage was completely different from the original one that...
03:35 PM, Jan 15, 2012
FICCI wrote a letter to the WB Govt saying it was necessary to ensure that no victimization of people took place in the name of justice. ...
11:22 PM, Jan 03, 2012
New Delhi: Leading industrialists met Prime Minister Manmohan Singh on Thursday amid concerns over the slowdown in the economy and shrinking industrial output. The Prime Minister assured them that the government was determined to get back on the growth path. However, he also hit out at industry leaders for their "negative comments" on government policies, saying it has "added to the uncertainty" but admitted that evolving of consensus on issues...
09:35 AM, Dec 23, 2011
New Delhi: Unitech MD Sanjay Chandra's plea to visit Singapore has been rejected by a Delhi court on Tuesday. Chandra, an accused in the 2G case, wanted to visit Singapore for the treatment of his minor son, who has been diagnosed with diabetes. Chandra moved an application before Special CBI Judge OP Saini seeking release of his passport which was surrendered before the court following the conditions laid down by...
05:36 PM, Dec 20, 2011
The Hero Cycles MD says FDI in retail will help in streamlining the overall system of trade and industry. ...
08:28 AM, Dec 20, 2011
New Delhi: Amidst the possibility of anti-corruption activist Anna Hazare's December 27 fast venue being shifted to Mumbai, Team Anna member Kiran Bedi invited India Incorporate to join the agitation. She said that this will help boost the Sensex. "Corporate world in Mumbai now has an option of joining the movement,support Anna,get the law and help shoot up Sensex. Yes We Can," Bedi tweeted on Wednesday. Team Anna member Arvind...
11:20 AM, Dec 15, 2011
New Delhi: On the FDI in retail issue, battle lines are now clearly drawn between India Inc and the politicians, who are rooting for the neighbourhood grocer. While politicians are divided on the issue Corporate India appears united. The biggest fear of them is - will it create jobs or takeaway jobs? "Retailing in India will bring different contours for farmers, small manufacturers and employment," said Bharti Walmart Chairman Rajan...
09:44 AM, Nov 29, 2011
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