Revival plan for Air India on track: Praful PatelSeptember 16th, 2009 NEW DELHI - Union Civil Aviation Minister Praful Patel said here on Wednesday that a revival plan for national carrier Air India is on track and his ministry will soon approach the Union Cabinet for approving infusion of equity. Speaking to newsmen, on the sidelines of the symposium on cooperation between India and Asia in the aviation sector, Patel said the revival plan is in the process of being finalised.
Brace for deceleration of India's growth: MukherjeeSeptember 7th, 2009 NEW DELHI - There is little hope of reversing the slowdown in India's merchandise exports in the near term, and the country's growth is expected to decelerate in the next two quarters, Finance Minister Pranab Mukherjee said here Monday. But a revival of the country's economy can be expected from the last quarter of this fiscal, Mukherjee said during an interaction with the members of the Forum of Financial Writers and the Commonwealth Journalists Association here.
Sonia Gandhi, Kochhar, Nooyi in Forbes 100 powerful women listAugust 20th, 2009 NEW YORK - Congress party president Sonia Gandhi, PepsiCo chief executive Indra Nooyi and ICICI Bank's new head Chanda Kochhar have been listed among the world's 100 most powerful women by Forbes magazine. All three of them have been ranked higher than US Secretary of State Hillary Clinton on the list, which has German Chancellor Angela Merkel at the top, followed by US Federal Deposit Insurance chairperson Sheila Bair.
Hillary meets Indian business leaders, discusses economic crisis (Second Lead)July 18th, 2009 MUMBAI - Declaring that we are entering a promising new era with India, US Secretary of State Hillary Clinton held an "exciting and fruitful meeting" with Indian corporate honchos over breakfast after signing a condolence book at the Taj Mahal Palace and Tower Hotel here as she began her first visit to India after assuming office. "We are entering a promising new era with India," Clinton, dressed in a bright red business suit, told reporters after the breakfast meeting that was attended, among others, by Ratan Tata, Mukesh Ambani, Swati Piramal, Sudha Murthy, Chanda Kochhar and Adi Godrej.
India, US in new era of cooperation: ClintonJuly 18th, 2009 MUMBAI - US Secretary of State Hillary Clinton Saturday met a select group of Indian business leaders here, focussing on issues such as energy security, agriculture, the global financial crisis and climate change, and said the two countries had entered a new era of cooperation in handling these issues. "We have entered into new and promising era of cooperation between our two countries," said Clinton, who is on a five-day visit to India, during a brief interaction with the media after the meeting with the industrialists and corporate leaders.
Hillary Clinton meets Indian business leadersJuly 18th, 2009 MUMBAI - US Secretary of State Hillary Clinton met Indian business leaders here Saturday, the first full day of her visit to the country. Clinton discussed an array of issues over breakfast with around 10 of India's top corporate names, including Mukesh Ambani, Swati Piramal, Jamshyd Godrej and Chanda Kochhar, at the Taj Mahal Palace and Tower Hotel.
Shanno Foundation launched to curb corporal punishmentMay 27th, 2009 NEW DELHI - To curb the "menace" of corporal punishment in schools, a foundation was launched Wednesday named after Shanno Khan, the 11-year-old Delhi girl, who died after slipping into coma following alleged punishment by a teacher. "We pledge and resolve to fight the menace of corporal punishment until it is eradicated from schools in the remotest corners of the country," said Rohit Kochhar, a corporate law firm owner, who floated the Kochhar Shanno Foundation.
Women manage finance better: Chanda Kochhar (Interview)April 30th, 2009 NEW DELHI - Chanda Deepak Kochhar, set to take over as managing director and chief executive of ICICI Bank, India's largest in the private sector, firmly believes women make better bankers, even if a lot also depends on how they use the opportunities that come their way. 'So far as the financial sector is concerned, I feel women are always better with managing finance,' says the 47-year-old banker who takes charge Friday at the landmark ICICI Bank Towers in Bandra-Kurla Complex in suburban Mumbai.
FICCI Ladies Organisation presents women excellence awardsApril 28th, 2009 NEW DELHI - Bollywood actor Sharmila Tagore and media personality Anurradha Prasad were among the recipients of the FICCI Ladies Organisation (FLO) women excellence awards from Delhi Chief Minister Shiela Dikshit on Tuesday. The FLO presented awards to 25 women achievers from diverse fields like art, business and entrepreneurs, public service, non-governmental organisations and professionals.
India's ICICI bank quarterly profit down 35 pct on low fee income, braces for more bad loansApril 25th, 2009 India's ICICI bank quarterly profit down 35 pctMUMBAI, India — ICICI Bank Ltd., India's largest private bank, said Saturday that its quarterly profit slid over 35 percent as the global financial crisis eroded fee income in commercial and retail banking. The bank said it was also bracing itself for rising bad loans by increasing provisions.
Shikha Sharma new managing director of Axis BankApril 20th, 2009 MUMBAI - Axis Bank Ltd Monday said it has appointed Shikha Sharma as the bank's managing director and chief executive for the next five years. Sharma, currently chief of ICICI group's life insurance business, will replace Axis Bank's present chief executive P.J.
Shikha Sharma new managing director of Axis BankApril 20th, 2009 MUMBAI - Axis Bank Ltd Monday said it has appointed Shikha Sharma as the bank's managing director and chief executive for the next five years. Sharma, currently chief of ICICI group's life insurance business, will replace Axis Bank's present chief executive P.J.
Shikha Sharma new managing director of Axis BankApril 20th, 2009 MUMBAI - Axis Bank Ltd Monday said it has appointed Shikha Sharma as the bank's managing director and chief executive for the next five years. Sharma, currently chief of ICICI group's life insurance business, will replace Axis Bank's present chief executive P.J.
13th Wharton India Economic Forum to be held in PhiladelphiaMarch 14th, 2009 PHILADELPHIA - The student leadership committee of the Wharton India Economic Forum (WIEF) today announced that the 13th Wharton India Economic Forum would be held in Philadelphia on March 21. The committee invites the public to gain insights from some of the world's top business leaders including keynote speakers: Jim Rogers (billionaire Investor in the Asian Markets and Co-Founder of the Quantum Fund); Dominic Barton (named the next Global Managing Director, McKinsey and Co.); Chanda Kochhar (named the next CEO and Managing Director, ICICI Bank, India's largest private financial institution); Dr.
India Inc wasn't expecting anything from interim budgetFebruary 15th, 2009 NEW DELHI - The following are the reactions from some prominent industrialists and economists to the interim budget presented by External Affairs Minister Pranab Mukherjee here Monday:
Nandan Nilekani, co-chairman, Infosys: (It was) more of a report card on the government in the last five years than any specific new proposal. Anything which has a new dimension will probably come in only after the new government comes in.
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