08 March 2017

30 Stories

Macroeconomic News
Inflation under control, GDP unhurt by note ban: Narendra Modi

The Economic Times | 7 Mar 2017

Prime Minister Narendra Modi said his Government has been able to tame inflation which had gone out of control before 2014 and no political party could raise the issue during the polls in five States.

Read more
India to outpace US to emerge as second largest economy by 2040, PwC says

Hindustan Times | 7 Mar 2017

India will outpace the United States to emerge as the second largest economy in purchasing power parity (PPP) terms by 2040, global management consultant PricewaterhouseCoopers has forecast in a report.

Read more
Indian economy to grow 7.1% in FY17: Fitch

Mint | 7 Mar 2017

Global ratings agency Fitch on Tuesday said Indian economy will grow by 7.1% in the current fiscal before stepping up to 7.7% in the next two financial years.

Read more
Government & Regulatory News
Funds to be ready for Government schemes from April 1: Arun Jaitley

Business Standard | 8 Mar 2017

Finance Minister Arun Jaitley on Tuesday asked various Central Ministries to remain in a state of readiness for implementing schemes and projects as funds would be made available from April 1.

Read more
India open to widest cyber security pact, says Ravi Shankar Prasad

Business Standard | 8 Mar 2017

The Government to open for international collaboration on cyber security, and favours handling issue of cyber terrorism in cooperation with other countries, Information Technology Minister Ravi Shankar Prasad said on Tuesday.

Read more
Government notifies new Trademark Rules to simplify application filing

The Economic Times | 7 Mar 2017

The Government has notified the new Trademark Rules 2017 to streamline and simplify the process of trademark application filing.

Read more
Narendra Modi govt set to unleash major labour reforms push

The Financial Express | 7 Mar 2017

The Modi Government will unleash the next set of reforms necessary for improving the ease of doing business by pressing for the passage of the twin codes on wages and industrial relations that form the crux of its agenda for reducing labour market rigidities.

Read more
No one to be deprived of benefits for lack of Aadhaar: Government

The Economic Times | 7 Mar 2017

Days after making Aadhar Card mandatory for availing mid-day meal, the Government on Tuesday clarified that no one will be deprived of the benefits for lack of the identification card.

Read more
Cabinet approves deal with ADNOC for strategic oil storage

Mint | 7 Mar 2017

India has approved a deal for Abu Dhabi National Oil Co (ADNOC) to fill part of a strategic oil storage facility, the Government said on Monday.

Read more
New panel on education policy this week

Business Standard | 8 Mar 2017

The Union Ministry of Human Resource Development (MHRD) is about to announce a committee to draft a national education policy, after it decided to junk a similar report from the T S R Subramanian committee.

Read more
Industry/Sectoral News
Compensation for GST losses to impart certainty to state budgeting: ICRA

Business Standard | 7 Mar 2017

The compensation norms for revenue losses accruing from transition to the Goods and Services Tax (GST) system will bring certainty to state budgeting, rating agency ICRA said on Tuesday.

Read more
Tractor sales to record strong growth at 16-18% for FY17

The Economic Times | 7 Mar 2017

Marking a strong revival, domestic tractor sales are likely to record 16-18 per cent growth for the current fiscal owing to a monsoon-led surge in demand that was enough to offset the impact of demonetisation in the latter half of the year, says a report.

Read more
Debt ridden companies to provide inbound M&A opportunities: Study

The Economic Times | 7 Mar 2017

Divestments and divisional sell-offs by large debt-ridden companies and public sector units (PSUs) is set to provide a huge inbound merger and acquisition opportunity in 2017, according to a research report by KNAV, an international tax advisory firm.

Read more
Company News
Coal India to pay government Rs 15,000 crore this fiscal

The Economic Times | 8 Mar 2017

Coal India (CIL) will pay the Government, its largest shareholder, over Rs 15,000 crore through dividend, distribution tax and proceeds of a share buyback this year, a drop of 13% from the amount paid in 2015-16.

Read more
Tata Motors, Volkswagen in partnership talks: CEO Guenter Butschek

Mint | 8 Mar 2017

Tata Motors Ltd confirmed that it is in talks with the world’s largest auto maker, Volkswagen AG, for a partnership.

Read more
Lupin, India’s second-largest drugmaker by market value, says $1 billion M&A warchest may be just the start

The Financial Express | 7 Mar 2017

Lupin Ltd.’s point man for mergers and acquisitions figures he has about $1 billion to work with as he hunts for targets to hasten the Indian firm’s move from simple generic drugs to more profitable products.

Read more
CII in the News
No reason to doubt GDP data, says CII's Chandrajit Banerjee

Business Standard | 7 Mar 2017

Even as critics doubt the gross domestic product data as put out by the statistics office, Confederation of Indian Industry Director General Chandrajit Banerjee tells Indivjal Dhasmana the data is in line with what was expected, given the lack of facts in the informal sector.

Read more
CII throws weight behind GDP figures

Business Standard | 8 Mar 2017

The Confederation of Indian Industry (CII) is in agreement with the gross domestic product (GDP) data for the third quarter, put out by the Central Statistics Office, even as critics have found loopholes in the figures because these supposedly do not bear out the impact of demonetisation.

Read more
Not easy to launch new start-up in India thanks to lack of access to funding, mentorship: Pranab Mukherjee

Dna | 7 Mar 2017

President Pranab Mukherjee said it was not easy to launch a new start-up in the country owing to issues related to funding and others, despite India having a "large eco-system" for such maiden ventures.

Read more
Strive to create dynamic entrepreneurial eco-system: President

Business Standard | 7 Mar 2017

Underlining that innovation-led entrepreneurship has significant potential to stimulate industrial growth, President Pranab Mukherjee on Tuesday said the country should strive to achieve the asset of a dynamic and robust entrepreneurial eco-system.

Read more
CII Facilitates 85 Crore Investment In 12 Start-ups

Businessworld | 7 Mar 2017

To provide a fillip to the ongoing start-up movement in India, Confederation of Indian Industry (CII) in partnership with Rashtrapati Bhavan organized Pitch@Rashtrapati Bhavan, a programme to connect VCs/Investors with Start-ups and secure funding and mentoring support for potential entrepreneurs.

Read more
African ministers, business delegates to attend annual meet

India Today | 7 Mar 2017

Over 30 ministers and 400 delegates from 37 African countries are expected to participate in the two-day CII-EXIM Bank Conclave starting from March 9.

Read more
CII celebrates women’s health

The Tribune | 8 Mar 2017

To commemorate International Women’s Day, the Confederation of Indian Industry (CII) organised a session on ‘Healthy Women: Healthier Nations’ at the CII Northern Region headquarters.

Read more
International Women's day Celebrated at IES Group of Institutions

The Pioneer | 8 Mar 2017

CII Indian Women Network, Madhya Pradesh organised a session on ‘Women Leading Change’ to celebrate the International Women’s Day on Tuesday at IES Group of Institutions, Bhopal.

Read more
Smart Women Angels Network network launched

Telanganatoday | 8 Mar 2017

To bring more women investors on board, Hyderabad's startup engine T-Hub and Anthill ventures have launched the Smart Women Angels Network (SWAN), a first-of-its-kind initiative in India.

Read more
Bantala SEZ is open for Infosys: Bengal Government

The Economic Times | 7 Mar 2017

West Bengal Government said if Infosys is keen it could come to Bantala here which has IT SEZ status. "If they are keen, Infosys can come to Bantala. It has a lot of space of over 100 acres and buildings also," West Bengal Industrial Development and Promotion chairman Siddharth told reporters on the sidelines of a CII organised event.

Read more
Patton to set up another unit in West Bengal

The Echo of India | 7 Mar 2017

Patton International Ltd, which has five manufacturing units in different locations in West Bengal, is planning to set up one more unit in the State, according to Patton’s MD Sanjay Budhia.

Read more
Price control is a blunt instrument in healthcare

Mint | 8 Mar 2017

With the National Pharmaceutical Pricing Authority (NPPA) venturing into new territory, from essential medicines to medical devices, the spotlight has returned to India’s long-standing drug-pricing dilemma.

Read more
How digitization will help IoT to reach Next Level

DATAQUEST | 7 Mar 2017

Digitization is dramatically changing the world. It is impacting all of our lives, and no individual, company or country can escape its impact. India is set for a “Digitization Revolution” and the overall digitization of the country is up for a complete overhaul.

Read more
Arjun Ranga is CII Mysuru chief

The Hindu | 8 Mar 2017

Arjun Ranga, CEO, N. Ranga Rao and Sons, has taken over as the Chairman of the Confederation of Indian Industry (CII), Mysuru zone, for 2017-18.

Read more