Tag: India Inc

Corporate India outward foreign direct investment halves to $1.93 billion in March

In addition to this, Mahindra & Mahindra invested $84.52 million in WoS in Mauritius and The Indian Hotels Co Ltd $59.59 million in its wholly owned subsidiary in the Netherlands.

April 15, 2021

India Inc raised all-time high of Rs 1.88L cr through public equity markets

The largest IPO in 2020-21 was from Gland Pharma for Rs 6,480 crore. The average deal size was Rs 1,042 crore.

March 30, 2021

Unleash animal spirits to make India fastest growing economy: FM Nirmala Sitharaman to India Inc

"We need capacities to be ramped up, we need expansion, we need more production of very many such products, which are so required for the economy," she said.

February 20, 2021

Yes, India will definitely get its growth back: PM Modi at CII Event

He said intent, inclusion, investment, infrastructure and innovation are crucial for India to revert back to a high-growth trajectory.

June 2, 2020

India Inc’s October overseas investment down 49%

Investments made by India Inc abroad declined by 49.05 per cent in October to $1.35 billion from $2.65 billion in September 2017. According to data released by Reserve Bank of India (RBI) in its “Summary of Outward Foreign Direct Investment (OFDI) – October 2017” on November 13, the annual overseas investment in October declined by...

November 16, 2017

India Inc hails PM Modi’s mantra of ‘perform, reform, transform’

India Inc hailed Prime Minister Narendra Modi’s efforts to facilitate ease of doing business and said his endeavour to ‘reform, perform and transform’ has helped India jump 30 places in World Bank’s report. Modi met business honchos on Saturday morning where he said: “Our mantra is ‘reform’, ‘transform’ and ‘perform’.” “We are greatly heartened by...

November 4, 2017

CII innovation summit to focus on intellectual capital

The 13th edition of the Confederation of Indian Industry (CII) innovation summit in this tech hub on July 13-14 will be on the intellectual capital as the new wealth of nations, said India Inc's lobby on Friday. "The two-day summit will focus on strengthening the spirit of India to build an ecosystem that fosters and...

July 8, 2017

India Inc congratulates Modi government on GST roll-out

The Indian industry stakeholders on Friday congratulated Prime Minister Narendra Modi-led National Democratic Alliance government on the roll-out of the historic Goods and Services Tax (GST) from midnight of 30 June, 2017, and said industry is fully prepared for it. "GST is a paradigm for the world in cooperation, consensus and convergence for an economic...

June 30, 2017

RBI tightens norms for issuing Masala Bonds

The Reserve Bank of India on Wednesday tightened the norms for issuing "Masala Bonds" by India Inc. Masala Bonds are Rupee-denominated bonds issued in offshore capital markets. According to the RBI, the raising of such rupee-denominated debt instrument would now be subject to apex bank's approval.  "It has been decided that any proposal of borrowing...

June 7, 2017

Leverage CSR to address developmental challenges: President

President Pranab Mukherjee on Thursday urged India Inc to leverage corporate social responsibility to address higher developmental challenges in India, saying the country needs visionary business leaders to catalyse the growth process. “I would like to remind industry that just as much as the funds, the country also needs your ideas, energy and drive. I...

April 27, 2017

Building organisation of future top priority for India Inc

Digital disruption and global forces have changed the way corporates operate following which India Inc has prioritised building the 'organisation of future' as its top priority, says a survey. According to Deloitte's Human Capital Trends Report 2017, 96 per cent of HR and business leaders rated building the organisation of the future as their highest...

April 26, 2017

India Inc seals deals worth $17.9 bn in Q1 2017

India M&A activity saw a robust start in the first quarter of this year with the value of deals doubling to $17.9 billion, says a report. In the corresponding three months a year ago, the deals were valued at $9.2 billion. According to global deal tracking firm Mergermarket, notwithstanding the significant rise in the value...

April 19, 2017

India Inc’s March M&A deal tally jumps 4-fold to $28 bn

India Inc's M&A deal tally in March rose four-fold to $27.82 billion, led by the Vodafone-Idea merger, taking the overall figure to $31.54 billion in the first quarter of 2017, says a report. Overall deal activity in the January-March quarter witnessed an unprecedented three-fold year-on-year rise in value terms, driven solely by the Vodafone-Idea mega...

April 13, 2017

What India Inc expects from the budget

India Inc has reservations about the government’s efforts to project the rich as dishonest and only the poor as honest. Confederation of India (CII) President Naushad Forbes tells Anjul Tomar in an interview that India has moved on from the days when wealth was associated with dishonesty and a return of such narrative will not be...

January 31, 2017