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Tata Steel on Friday said it expects its sales to grow by 15 percent in the current fiscal compared to last year.
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CNBC-TV18 reports that corporate Indian leaders like Rahul Bajaj of Bajaj Auto and B Muthuraman of Tata Steel feel that the decision on food security was rushed through.
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Confederation of Indian Industry (CII) has recommended that the coal sector be deregulated for competitive resource allocation. Private participation in the mining sector, particularly coal, is urgently needed, it said.
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Tata Steel today announced its plans to set up a Rs 30,000 crore steel plant in Karnataka as the government-sponsored Global Investors' Meet (GIM) 2012 commenced here with the State laying a red carpet for potential investors.
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Adi Godrej, Chairman of the Godrej Group, has been elected as the president of Confederation of Indian Industry (CII) for the year 2012-13.
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As Finance Minister Pranab Mukherjee resorted to mopping up more taxes, a disappointed India Inc today said his Budget is a "missed opportunity" and would have cascading impact on inflation and consumer demand.
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Speaking to CNBC-TV18 B Muthuraman, President, CII says Finance Minister this time will present a strong, pro-reform budget and he expects to see move on FDI in aviation and retail.
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President of the Competition Commission of India B Muthuraman hopes that the government will today announce a strong, pro-reform Budget.
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The Finance Minister Pranab Mukherjee will present his Budget 2012 tomorrow. He is expected to hike excise and service tax. In an interview to CNBC-TV18, B Muthuraman, president of Confederation of Indian Industry (CII) says, this is not the time to raise excise and service tax because the industry has not been doing well.
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India Inc leaders,accompanying Commerce and Industry Minister Anand Sharma, today felt let down by Pakistan putting on hold a decision to normalise trade with India through a wide market access to Indian goods.
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Worried over the impact of global financial turmoil on the economy, India Inc today asked the Finance Ministry to retain tax rates at existing levels, but increase exemption limits to promote growth.
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A crisis of confidence has gripped corporate India as it struggles to forget 2011, which saw growth falter, inflation soar and the global investment sentiment turn negative. Several Indian company CEOs who spoke to CNBC, see little hope of an economic revival in 2012.
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B Muthuraman, president, CII expects Reserve Bank of India (RBI) to cut rates by atleast 50 basis point and feels that this move would give some confidence to the industry and investors.
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The government's decision to hold back FDI in retail may have bought peace with the Opposition and certain allies, but voices of disapproval have started coming in from India Inc.
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The government's decision to hold back foreign direct investment (FDI) in retail has displeased the corporate India. Terming it as a huge disappointment, B Muthuraman, president of Confederation of Indian Industry (CII) says, India’s inability to reform is holding back growth. “Political differences is hurting reform process.”
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The government's decision to hold back FDI in retail may have bought peace with the Opposition and certain allies, but voices of disapproval have started coming in from India Inc.
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Putting an end to the political logjam over the recent decision to allow FDI in retail, the government finally decided to holdback retail FDI. Industry body CII said that the decision to hold back FDI in retail will have a strong impact on investor sentiment.
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B Muthuraman, vice chairman of Tata Steel says, small and medium enterprises need to focus on two important things—stay very close to the customer and make sure that the customer is fully satisfied with his products and the ability to continuously improve.
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The cabinet has cleared the National Manufacturing Policy, which will facilitate the creation of mega industrial zones. The government has also proposed several fiscal incentives to boost the manufacturing sector. In an interview to CNBC-TV18, B Muthuraman of CII discussed the implications of the manufacturing policy.
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Interest rate hike of 25bps by RBI will be further dampener for already slowed down industrial growth, said B Muthuraman, president of CII.
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Corporate Affairs Minister Veerappa Moily today promised the industry that the government will do everything to strengthen them but asked the industry captains to take the right course.
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In an interview to CNBC-TV18, B Muthuraman, president of Confederation of Indian Industry (CII), speaks about the Land Acquisition and Rehabilitation Bill and gives his outlook going forward.
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The landmark bill proposes strict norms for compensation and rehabilitation and also restricts government's power to acquire land for private projects. So how is India Inc reading this bill? While, the bill brings some relief in the form of transparency, it leaves a major lot of corporates unhappy.
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B Muthuraman, president of CII and vice chairman, Tata Steel believes that even though the most recent hike may look justifiable from the RBI’s point of view, it will definitely have an adverse impact on the growth of the economy.
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Chennai, Jul 4 (PTI) Industry body CII today cautioned against any further hike in interest rates, saying it would further hamper the growth prospects of the country and "kill" the industry.
