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: Notwithstanding sluggish economic conditions, India Inc is expected to dole out double-digit salary hikes this year and overall rise in pay packets could go up to 20 per cent, says a survey. Staffing firm TeamLease Services on Thursday said in a report that Indian companies are now recognising the need to strike a balance between the need for talent and salary package. TeamLease said double-digit salary hikes are...
07:04 PM, May 03, 2012
Mumbai: Market regulator Securities and Exchange Board of India (SEBI) on Monday said India Inc mobilised only Rs 791.8 crore in the primary market through five issues during February, 2012, registering a decline of 93.5 per cent over the previous month. Corporates had mobilised Rs 12,126.6 crore through four issues in January. "During February, 2012, Rs 791.8 crore was mobilised in the primary market through five issues as compared to...
10:43 PM, Apr 16, 2012
Mumbai: Visiting Mumbai after settling of a controversy stoked by Maharashtra Navnirman Sena (MNS) leader Raj Thackeray, Bihar Chief Minister Nitish Kumar on Sunday invited India Inc to invest in his state, touting the industrial policy announced by his government last year. "The state offers tremendous business opportunities in sectors such as solar energy, education, healthcare etc," Nitish Kumar told the industrialists. "The Chief Minister urged the industry captains to...
09:11 PM, Apr 15, 2012
New Delhi: India Inc appears to be gearing up for a new-look leadership team in the new financial year, as at least 22 companies announced changes in their various top positions on Monday " the first working day of the current fiscal 2012-13. The changes mostly relate to various director-level positions, while new appointments have been made for top posts like Chief Executive Officers (CEOs) and Managing Directors (MDs) as...
05:08 PM, Apr 02, 2012
New Delhi: The government on Sunday said it has no vindictive intention in retrospectively amending tax laws and has no plans to re-open a large number of old cases, while assuring India Inc that the I-T Department will not act like a "policeman". Interacting with industry leaders in New Delhi, Finance Minister Pranab Mukherjee maintained that there was no trust deficit between the government and industry and stressed that the...
06:42 PM, Mar 25, 2012
New Delhi: Disappointed over the Budget, industry leaders on Friday said the exercise to mop-up extra Rs 45,940 crore through indirect taxes would lead to further price rise and make it difficult for the Reserve Bank of India (RBI) to cut interest rates. There were more of negatives than positive tones from India Inc on the Budget proposals for 2012-13. The biggest concern was across-the-board hike in excise duty from...
06:56 PM, Mar 16, 2012
New Delhi: When it comes to quoting from literary masterpieces in budget speeches, Finance Minister Pranab Mukherjee on Friday made a quantum leap to quote the great modern-era playwright Shakespeare, after invoking words of ancient Indian economist Kautilya at least thrice in the past. "I must be cruel only to be kind," Mukherjee quoted Hamlet, Prince of Denmark, from Shakespeare's famous play, while talking about tough policy decisions he needs...
03:07 PM, Mar 16, 2012
The corporate India wishes that Pranab Mukherjee's Union Budget 2012 should be heavy on reforms. ...
11:43 AM, Mar 16, 2012
Finance Minister Pranab Mukherjee will present the annual Budget on Friday against a backdrop of slowing growth and burgeoning fiscal deficit. The Government will have to do a balancing act, by raising taxes on some items such as cars, consumer goods and cement to raise revenue, and give incentives to boost business confidence. Economic growth slowed to 6.1 per cent, its weakest annual pace in almost three years, in the...
09:05 AM, Mar 16, 2012
New Delhi: 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 per cent of GDP. But without fiscal consolidation, the Reserve Bank of...
08:44 AM, Mar 16, 2012
Bangalore: Even as Karnataka braces to host the second global investors meet in June, the state government came under flak from India Inc on Thursday for lack of vision, poor implementation and infrastructure bottlenecks, affecting its pace of growth. "The state government should focus on creating more jobs than seeking investments. It lacks a long-term vision to create an eco-system for accelerated growth across sectors, especially in manufacturing and services,"...
05:24 AM, Mar 16, 2012
New Delhi: Expecting a GDP growth of about 7 per cent in 2012-13, India Inc on Thursday called for implementation of economic reforms and fiscal consolidation. "Domestic factors are more important for India's GDP growth and global conditions play only a marginal role. Therefore, greater attention is needed on implementing reforms," Ficci Secretary General Rajiv Kumar said. The chamber expects that the GDP growth in 2012-13 would be around 7...
04:55 PM, Mar 15, 2012
New Delhi: Women account for over 30 per cent of total workforce of India Inc, but their presence is very low at less than 7 per cent when it comes to the board-level positions at the Indian companies, a survey has found. Although better than a few major countries like Japan and Italy, India is ranked at 30th place in terms of the presence of women directors at the companies'...
09:47 PM, Mar 05, 2012
Mumbai: Employees in India are likely to get a salary increase of 11.9 per cent this year, says a survey conducted by global human resources consulting and outsourcing firm Aon Hewitt. This is well ahead of competitors China and Philippines, the highest in the Asia-Pacific region. Sandeep Chaudhary, practice leader - compensation consulting told CNBC-TV18 that pharmaceutica sector is expected to top the charts in terms of salary hikes. "Pharmaceutical...
07:46 AM, Feb 22, 2012
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