E&Y chairman and CEO James Turley says, in an interview to CNBC-TV18, that India will remain as one Ernst and Young‘s top destinations for long-term investment.
In an interview with CNBC-TV18, Adi Godrej, Chairman, Godrej Industries expects strong growth in Godrej Consumer Products in the next fiscal too. He said that the company is doing exceptionally well in the domestic front.
CNBC-TV18 finds out that Godrej Industries is looking to dilute promoter stake in the company through the institutional placement route.
To Adi Godrej chairman of Godrej Industries, the Finance Minister should work extremely hard to see that the goods and services tax is passed during the next financial year.
"I am disappointed with the multi-brand FDI decision not being implemented. Politics is again coming in way of economic reforms," said Adi Godrej, Chairman of Godrej Industries. In an exclusive interview to CNBC-TV18, Godrej said that India has sent a 'bad message' to the world with the failure of the reform.
Adi Godrej, chairman of Godrej Industries tells CNBC-TV18 that demand for property is going to remain sluggish in India. Speaking on the new land acquisition bill, Godrej said that it is unlikely to affect industrial development; however, he feels that the bill will be highly inflationary for affordable housing projects in urban areas.
With no clarity on policy and an impending slowdown in growth, what does the corporate sector look like? Adi Godrej, tycoon and chairman of Godrej Industries joins CNBC-TV18 to provide reprieve to the flared nerves.
Godrej Properties announced its first quarter results today. The company has clocked a smart growth in revenues, but profits came in at just Rs 10 crores, including Rs 4 crore of other income. Company chairman Adi Godrej said that the company is likely to see strong growth during the rest of the year on the back of the new projects.
Diversified conglomerate Godrej Industries reported 42.34% increase in consolidated net profit for the quarter ended March 31, 2011. The chairman Adi Godrej expects strong growth in FY12.
Regardless of the tepid IIP numbers, Adi Godrej, the Chairman of Godrej Industries defies any waning on consumer demand. In an exclusive interview with CNBC-TV18, he says, “The two year CAGR on IIP is quite high.” He is confident of witnessing high IIP numbers this year and expects GDP growth to continue to be good.