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Cii News
Indian companies invested $6.6 bn in Canada creating thousands of jobs: Report
The report highlights the contributions made by Indian companies to the Canadian economy in the form of FDI, jobs created and funding for research and development as well as local corporate social responsibility initiatives.
Proposed free trade deal with EU will be a ‘game-changer’ for India, says Jaishankar
In June 2022, India and the European Union restarted negotiations for the long-pending trade and investment deal after a gap of over eight years. Launched in June 2007, the negotiations for the proposed deal have witnessed many hurdles as both sides had major differences on crucial issues
Toyota India vice chairman Vikram Kirloskar passes away
Vikram Kirloskar, the fourth generation head of the Kirloskar Group, had held several important positions at CII, SIAM and ARAI over the course of a distinguished career
India Inc welcomes 5G launch, says it will usher in inclusive digital transformation
Capable of supporting ultra-high-speed internet, the fifth generation or 5G service is expected to unleash new economic opportunities and societal benefits, serving as a transformational force for Indian society
Demographic dividend may turn into liability sans enough jobs, skilled workforce, says CII report
The report said that high quality school education, relevant higher education and skill development aligned to industry needs are some of the pre-requisites, if India is to become an economic powerhouse
US India Business Council meets Nirmala Sitharaman; shows interest in ramping up investment
USIBC and CII hosted an interactive session in Washington on Wednesday
RBI slashes repo rate: Big relief to small businesses but more support needed; move to revive demand, say industry bodies
The benchmark repurchase (repo) rate was cut by 40 basis points to 4 percent, the lowest since the benchmark came into being in 2000, RBI Governor Shaktikanta Das said.
Coronavirus Outbreak: SEBI reaches out to market participants; discusses capital raising, disclosure issues
Tyagi said SEBI has been responding to market developments through appropriate measures in consultation with various stakeholders.
Coronavirus Lockdown: Industry body CII bats for immediate stimulus package of Rs 15 lakh cr
Industry body CII on Friday suggested that the government should immediately announce a stimulus package of Rs 15 lakh crore, or 7.5 percent of the GDP, observing that the COVID-19 pandemic has led to "deep distress" in the Indian economy
CNBCTV18-CII CEO snap poll: More than 50% expect business normalcy in 6-12 months; want calibrated exit from lockdown
Around 71 percent of the CEOs said layoffs were not imminent in their organisations.
Time for action to make India global manufacturing hub in post-coronavirus world: Industry experts
India can be the destination of choice for global manufacturing in the post-COVID 19 world if it gets its acts together with the right policies as a lot of things are going for the country, say industry experts
Over one million IT employees will continue to work from home post-lockdown: Kris Gopalakrishnan
More than one million information technology employees are expected to continue to work from home even after the coronavirus-inflicted lockdown situation returns to normalcy, says IT industry veteran Senapathy (Kris) Gopalakrishnan
Coronavirus Outbreak: India’s GDP growth likely to range between decline of 0.9% and growth of 1.5% in FY21, says CII
India's GDP is likely to range between a decline of 0.9 percent and a growth of 1.5 percent in the current financial year, with the economy undergoing a "turbulent" phase caused by the coronavirus-induced lockdown, according to a report
Coronavirus Outbreak: PepsiCo partners CII to serve 2 million meals in Punjab, Haryana, Rajasthan
Food and beverage major PepsiCo India on Thursday joined hands with industry body CII to provide two million meals to the marginalised communities in Punjab, Haryana and Rajasthan
Lockdown 2.0 guidelines: Industry backs move, calls for reopening export sectors from 20 April
India Inc on Wednesday backed the government's move to allow industrial units located in rural areas to function from 20 April, and said it will ensure preventive measures for Covid-19 while restarting economic activities
Health
Coronavirus India Roundup, April 11: 1,035 new cases, lockdown extension till 30 April imminent
While no official announcement has been made yet, many highly placed sources are suggesting that extending the lockdown is inevitable.
Coronavirus Outbreak: Piyush Goyal hears out industry reps, says FinMin will take 'balanced, nuanced approach' to issues
Union Minister Piyush Goyal on Thursday told trade and industry representatives that all their issues and feedback are being forwarded to the finance ministry, which he says will take a "balanced and nuanced approach" to their problems in view of coronavirus situation
Coronavirus Outbreak: India’s tourism sector may lose Rs 5 lakh cr revenue, 4-5 cr jobs could be cut
The coronavirus pandemic would have a debilitating impact on India's tourism sector with the industry estimating an overall loss of Rs 5 lakh crore and job cuts for 4-5 crore people
Coronavirus Outbreak: Industry bodies seek extension of financial year till 30 June citing current economic situation
CII also called for allowing companies to pass circular resolutions for restricted matters without the requirement of conducting a board meeting for approving such matters for a period up to June 30, 2020.
Coronavirus: CII seeks exemption for e-commerce, ITeS, food processing from prohibitory orders
The Confederation of Indian Industry has urged the government to exempt services such as e-commerce including delivery boys and supply chain vendors, food processing warehousing and IT-ITeS from the imposition of section 144 and other similar directives amid the coronavirus outbreak