Realty firms afflicted with low returns shouldn’t get listed: Rakesh Jhunjhunwala
NEW DELHI: Ace investor Rakesh Jhunjunwala on Thursday said real estate developers are afflicted with very low return on capital as compared to bluechip stocks. Jhunjunwala, who runs RARE Enterprises and is set to be a major shareholder in an upcoming airliner, said only the affordable housing developers can look at listing because of the […]
Abhimanyu Munjal takes charge as Chairman of CII Northern Region
NEW DELHI: Abhimanyu Munjal and Anshuman Magazine have been elected as the Chairman and Deputy Chairman respectively of CII Northern Region for 2021-22. The proficient incumbents were elected during the first meeting of the newly elected Regional Council members. Mr Munjal will head CII Northern Region which comprises 7 States – Uttar Pradesh, Delhi, Haryana, […]
Telecom department looking to ‘unleash’ 5G potential, exploring uses: Official
NEW DELHI: The Department of Telecommunications (DoT) is looking to unleash the potential of spectrum and is exploring meaningful applications for 5G technology, a top official of the department said on Tuesday. At the CII Partnership Summit 2020, Telecom Secretary Anshu Prakash also said the government is soon going to come up with an incentive […]
Resume mining to overcome jobs, economy issues: CII to Goa government
PANAJI: The Confederation of Indian Industry (CII) Goa chapter has emphasised the need for prompt resumption of mining activities in the coastal state to overcome disruption in economy and unemployment caused by the Covid-19 pandemic. Alterations to the National Mineral Policy, phasing out of mining activities from eco-sensitive areas, setting up of a comprehensive regulatory […]
CII bats for immediate stimulus package of Rs 15 lakh crore
NEW DELHI: Industry body CII on Friday suggested that the government of India should immediately announce a stimulus package of Rs 15 lakh crore, or 7.5 per cent of the GDP, observing that the COVID-19 pandemic has led to “deep distress” in the Indian economy. “The COVID-19 pandemic, which came as a bolt from the […]
CII organizes virtual conference with speakers from across the globe
NEW DELHI: Confederation of Indian Industry (CII) organized the North India Virtual Conference on Reviving Growth in Challenging Time with the theme ‘Strategizing Businesses and Innovative Policy Reforms’ today over a virtual platform. The objective of the conference was to deliberate on the impact of Covid-19 and the emerging challenges and opportunities for the Indian […]
Kumbh Mela to generate Rs 1.2 lakh crore revenue for Uttar Pradesh
PRAYAGRAJ: The mega Kumbh Mela, which began on January 15 and will continue till March 4, is expected to generate a revenue of Rs 1.2 lakh crore for Uttar Pradesh, says apex industry body Confederation of Indian Industry. Although the Kumbh Mela is spiritual and religious in nature, the economic activities associated with it generate […]