Even as India Inc. keeps its fingers crossed on the eventual outcome of foreign direct investment in retail, a quiet revolution is already brewing in the sector.
When Commerce & Industry Minister Anand Sharma went into a high-powered meeting with the joint task force of business leaders and government on industrial slowdown on December 19, 2011, he must have had some inkling of the unpleasantness in store for him.
The government’s backtracking on opening up FDI in retail shows that its heart and mind are at loggerheads. Once the Cabinet cleared the policy, it was expected of the government to stand firmly behind it. Instead, its lack of conviction and half-hearted support to the policy has brought the entire process to a standstill.
To meet the growing demand of electricity in the country, the approach paper of 12th Five year plan (2012-2017) targets to set up 100 gw of capacity. however, if the government wants to achieve this desired growth, it certainly needs to undertake immediate reforms to augment domestic coal supply.
Benchmark indices have beaten equity mutual funds by 65% over the past 5 years. moreover, fund managers are following the herd mentality while investing and those are the investors who lose the most. perhaps the model of give it (to the fund manager) and forget it is going past its prime.
India has always been termed as an agrarian economy, but not much has been done to utilise the massive potential of the rural market. It is indeed sad that there have been three major industrial policies since Independence, but not one for agriculture, which was once the prime GDP earner for the economy.
Soaring interest rates and simultaneous increase in loan rates might just have pushed your dream house out of your reach. But come festival season and the sector has enough reasons to celebrate.
One of the most intense and bitterly fought legal battles in the history of the Indian pharmaceutical industry is apparently on its last legs in the Supreme Court of India as we speak. On August 9, Novartis commenced its final appeal to the apex court to allow it to prolong the patent rights of its cancer drug Glivec.
In just three weeks gold price has jumped 22% to go past an all time high of Rs 28,000 level. is it just another momentary outburst of the global ongoing economic turmoil, or the precious metal is set for a long ride now?
The beginning of this month reminded us of January 2008. As soon as US President Barack Obama signed the bill to increase the US debt ceiling, markets across the globe started rolling and Sensex was no different.
The Indian online travel industry has witnessed tremendous growth since 2004. Today, it’s the most crowded space in the e-commerce segment with new players joining the race every year. Question is – how will this overcrowded space grow spacious?
Automobile sales turned red after a straight growth-run of 27 months. rising interest rates coupled with little clarity in fuel pricing have forced consumer to postpone the purchase decision. is upcoming festive season a sign of hope for indian automakers?
In what the government has claimed to be an attempt towards bringing path breaking changes to the existing tax regime in India, the new DTC Bill, which is proposed to be implemented from April 1, 2012, will replace the five decade old legislation. In the foreword to the Tax Code, Union Finance Minister Pranab Mukherjee said that “the aim is to eliminate distortions in the tax structure, introduce moderate levels of taxation, expand the tax base, improve tax compliance, simplify the language and lower tax litigations.â€
Increasing incidents of hackers breaking into the security systems of large global corporations have raised an alarm making the online world one of the most unsafe places to be in.
From a time when they were playing for survival against MNCs, a select few Indian FMCG firms are quickly turning the tables. Still, the head-to-head score goes in favour of MNCs,