Union Transport Minister Kamal Nath on Thursday said that the Ministry of Road Transport and Highways does not have any shortage of funding in the Special Purpose Vehicle (SPV) segment.
Addressing the inaugural session of the National Seminar on Concrete Highway Project, organized by the Confederation of Indian Industry (CII) and Department of Industrial Policy [...]
When Dick Gadella, a Kenya-based Dutchman suffering from cancer, landed in India, he had little hope that doctors here could save his life. Today he feels he has woken up from a nightmare.
Gadella suffered from extensive multiple organ cancer and doctors in Holland had told him he had just a few months to live. [...]
If the Indian diaspora is to be tempted to invest in this country, then greater transparency, an institutional mechanism and clear cut laws are required, says a Canadian provincial minister of Indian origin.
‘The government’s role is to create an environment for investments. The government has to state what its priorities are. About how it is [...]
Thanking overseas Indians for the remittances to their country of origin that amounted to over $50 billion last fiscal, Prime Minister Manmohan Singh Friday also asked them to invest in the opportunities offered by India.
‘India is today one of the top investment destinations. Economic opportunities are expanding everywhere,’ the prime minister told the annual convention [...]
A ‘viable solution’ has been found to protect the interests of those who have invested in projects of Maytas Properties, the real estate company promoted by the family of former Satyam owner B. Ramalinga Raju, Minister for Corporate Affairs Salman Khurshid said Thursday.
‘All they need is cash flow to finish the project (Maytas Hill County, [...]
New Delhi, Jan 3 (IANS) With food prices galloping and no early relief in sight, an industry body has said the government should partly offload its buffer stock while incorporating agricultural purchase tax in the proposed goods and sales tax (GST).
‘The unprecedented increase in food prices has been caused primarily by supply side factors due [...]
Hyderabad, Dec 30 (ANI): The shutdown in Andhra Pradesh’s Telangana region on Wednesday demanding separate statehood for the region has paralysed life there.
Apprehending violence, South Central Railways has cancelled 165 suburban and local trains on Wednesday in view [...]
Hyderabad, Dec 29 (IANS) Worried over the impact of ongoing Telangana agitation on Brand Hyderabad, the Andhra Pradesh government Tuesday announced a dedicated task force to protect the industries and workers here.
A day ahead of yet another shutdown over the demand for statehood to Telangana, Chief Minister K. Rosaiah assured the industry, especially the information [...]
New Delhi, Dec 27 (IANS) Exports from micro, small and medium enterprises (MSMEs) are on the rise despite the rising cost of raw materials and stiff global competition, says the Confederation of Indian Industry (CII).
According to the CII MSME Outlook Survey on Exports, 42 percent of respondents said their exports rose over the past six [...]
Kolkata, Dec 22 (IANS) Home Minister P. Chidambaram Tuesday appealed to insurgent outfits active in the northeastern region to abjure violence and give up their demand for a sovereign state. He urged them to sit for talks so that the government could address their problems.
‘There are few insurgent groups like United Liberation Front of Asom [...]
Kolkata, Dec 22 (IANS) Home Minister P. Chidambaram Tuesday appealed to insurgent outfits active in the northeastern region to abjure violence and give up their demand for a sovereign state. He also asked them to sit across the table for talks with the government so that their problems could be redressed.
‘There are a few insurgent [...]
Chandigarh, Dec 22 (IANS) Chandigarh will host the first edition of trade show ‘Made in Pakistan’ Dec 23-27.
A total of 43 traders from Pakistan have reached this union territory to take part in this event at the Confederation of Indian Industry (CII) northern region headquarters. They will display their products, ranging from garments, pottery and [...]
Hyderabad, Dec 22 (IANS) Natural gas will be available to the common man in two years across the country, Petroleum and Natural Gas Regulatory Board (PNGRB) chairman L. Mansingh said here Tuesday.
‘Within two to two-and-half years, we want to complete the rollout of City Gas Distribution (CGD) network across the country,’ Mansingh told a [...]
Kolkata, Dec 22 (IANS) Admitting that food prices have soared ‘excessively’, Planning Commission Deputy Chairman Montek Singh Ahluwalia said Tuesday that they would decline in January.
‘In January, you will see a decline in food prices,’ Ahluwalia told a Confederation of Indian Industry (CII) meeting through video-conferencing from New Delhi.
Expressing grave concern over the stiff increase [...]
Kolkata, Dec 22 (IANS) Food prices have soared ‘excessively’, Planning Commission Deputy Chairman Montek Singh Ahluwalia said Tuesday, adding the prices would decline in January.
‘In January, you will see a decline in food prices,’ Ahluwalia told a Confederation of Indian Industry (CII) meeting through video-conferencing from New Delhi.
Expressing grave concern over the stiff increase in [...]
New Delhi, Dec 20 (IANS) India’s services sector expanded at a faster pace in the first seven months of the current fiscal year compared to the like period last year, says a survey conducted by a leading industry body.
‘The services sector growth has gained momentum during the period April-October 2009 confirming that there has been [...]
Kolkata, Dec 19 (IANS) India hopes to procure almost 70 percent of its defence hardware from domestic sources in the next 10 years, up from 30 percent now, Minister of State for Defence M.M. Pallam Raju said here Saturday.
‘India imports nearly 70 percent of its total defence related requirement. We want to reverse that trend [...]
New Delhi, Dec 18 (IANS) In order to reduce the alarming numbers of road fatalities in the country, Confederation of Indian Industry Friday joined hands with Shell India to inculcate good driving skills and create awareness about safe driving among the people.
‘Two global organisations – CII’s Institute of Quality and Shell India today (Friday) joined [...]
New Delhi, Dec 18 (IANS) Admitting that the government has not been able to meet the basic needs of common man, Minister of State for External Affairs Shashi Tharoor Friday said that the private sector also needed to ‘pitch in’ in meeting the aspirations for ‘Pani, Kitab aur Kaam’ (water, learning and work).
Speaking at the [...]
Kolkata, Dec 17 (IANS) The public sector mini-ratna company Hindustan Copper has decided to come out with a follow-on public offer (FPO) to offload 10 percent of its equity after the government dilutes 10 percent stake, the company said here Thursday.
‘Proceeds of the disinvestment would go to the government but we need money for our [...]
New Delhi, Dec 16 (IANS) India and Singapore will cooperate with each other in setting up 14 ‘innovation universities’ in India, Minister of Human Resource and Development Kapil Sibal said Wednesday.
Sibal said India needs 21st century universities to bridge the huge skill shortage and added that Singapore can be the best country to partner with [...]
Chennai, Dec 16 (ANI/Business Wire India): HIRCO Developments Pvt. Ltd., a part of the Hirco Group, India’s premier residential builder and developer of prestigious mixed-use townships, received the “Agent of Change” award from Confederation of Indian Industry (CII) at the Leadership and Excellence Award in Environment, Health and Safety (EHS) function held here. [...]
New Delhi, Dec 11 (IANS) The Confederation of Indian Industry (CII) calls him ‘Mr. Latin America’. And in Latin America, Rengaraj Viswanathan, India’s ambassador to Argentina, Uruguay and Paraguay, is hailed for boosting business ties with India.
Widely praised for his efforts, what is unique about Viswanathan – according to corporates and others in that region [...]
Thiruvananthapuram, Dec 10 (IANS) Kerala will invest about Rs.2,000 crore in two years to develop IT infrastructure to make the state India’s ‘most sought-after tier II destination for IT’, Chief Minister V.S. Achuthanandan said Thursday.
‘Our objective is to make Kerala the most sought-after Tier II destination in the country, and for this we are investing [...]
New Delhi, Dec 6 (IANS) The proposed Land Acquisition (Amendment) Bill, slated to be introduced in parliament this winter, needs to include provisions for easing land acquisition norms and digitising land records, according to an industry lobby report.
The Confederation of Indian Industry (CII), in its recommendations, also called for setting up land bank corporations to [...]
Thiruvananthapuram, Dec 4 (IANS) The Confederation of Indian Industry (CII) and the Kerala government will jointly organise a two-day information technology conference near here starting Dec 10 to deliberate on India’s role in the global IT industry.
Industry captains like Infosys chief executive Kris Gopalakrishnan, IBM India director (strategy) Jeby Cherian and British Airways chief [...]
Lucknow, Dec 4 (IANS) Uttar Pradesh received investments worth Rs.1,400 crore in the micro, small and medium enterprise (MSME) sector in 2009, a government official said here Friday.
‘The growth of micro and small enterprises had been phenomenal over the past two years,’ state Industries Director Mohammad Iftikhar Uddin said.
Addressing a seminar organised by the [...]
New Delhi, Nov 30 (IANS) The government would issue guidelines on corporate governance by December-end and they would be voluntary for the first year, Corporate Affairs Minister Salman Khurshid said Monday.
The guidelines would become mandatory after a year post-discussions and to some extent, would borrow from a set of recommendations by a Confederation of Indian [...]
New Delhi, Nov 30 (IANS) India Inc is upbeat about the ‘higher than expected’ growth of gross domestic product (GDP) in the second quarter this fiscal and expects the economy to return to 9 percent growth soon.
‘It only shows the resilience of the Indian economy, which can remain insulated from global shocks of the most [...]
New Delhi, Nov 26 (IANS) IndiaCan, a joint venture set up by education services providers Educomp and Pearson for vocational training, Thursday announced the launch of its services in India.
IndiaCan has tied up with industry lobby Confederation of Indian Industry (CII) and logistics company TranSmart to train skilled workforce, the company said in a statement. [...]
