The Associated Chambers of Commerce & Industry of India

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Press Releases

Bengaluru image among Fortune 500 firms sullied by Cauvery related agitation; losses up to Rs 25,000 cr ASSOCHAM

With widespread damage to the vital urban infrastructure, interruption in the transport including, roads, rail and air and inability of the workforce to safely move to and from offices and factories, Karnataka , particularly Bengaluru city, is estimated to have suffered a loss between Rs 22,000-25,000 crore due to Cauvery dispute related violence, apex industry body ASSOCHAM said today.

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Tuesday, September 13, 2016

India needs to work apace on climate change obligations; G-20 relief temporary: ASSOCHAM

India may have succeeded in getting the December 2016 deadline for ratification of Paris Agreement on Climate Change put away at the recently concluded G 20 Summit, New Delhi would have to reduce dependence on coal fired electricity and work on climate friendly transport and urban planning, sooner than later, to comply with its international obligations, an ASSOCHAM paper has said.

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Monday, September 12, 2016

Cash not much in demand; no more parking space in equities, gold

With equity and gold valuations already reaching levels which make investors anxious, India like rest of the world is witnessing signs of too much cash sitting idle in the wake of poor demand for it for investment or further exposure to the high risk financial markets, an ASSOCHAM paper has said.

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Sunday, September 11, 2016

ASSOCHAM delegation visits Silicon Valley to spur business growth & innovation for Indian tech cos.

An ASSOCHAM delegation of industry leaders and experts in business, education and economic development, headed by its president, Mr Sunil Kanoria visited Silicon Valley in the United States for scouting business opportunities for Indian tech companies during August 31-September 9.

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Saturday, September 10, 2016

CCI has disposed off 80% anti-trust cases handled by it by now: D.K. Sikri

The fair trade regulator, Competition Commission of India (CCI) has disposed off more than 600 of 750 anti-trust cases handled by the Commission by now i.e. about 80 per cent of the total cases, its chairman, Mr D.K. Sikri said at an ASSOCHAM event held in New Delhi today.

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Friday, September 09, 2016

Demand for mosquito repellents, insecticides soar: ASSOCHAM survey

Mosquito-borne diseases like dengue and chikungunya have been multiplying in various parts of the country at an alarming rate. There is a demand for canned mosquito repellent sprays over creams by pointing out the concentrated spots in the vicinity that are infested with mosquitoes, adds the shopkeers.

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Thursday, September 08, 2016

4G telecom service to rake in Rs 80,000 cr in less than four years: ASSOCHAM-KPMG

Amidst unfolding intense competition in the mobile data market, an ASSOCHAM-KPMG Paper expects a slew of data based services by the leading telecom operators even as the high speed 4G connections would account for 17 per cent of the total user base by 2020 with revenue in the range of Rs 80,000 crore.

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Wednesday, September 07, 2016

Total credit demand for MSME sector stands at Rs 45 lakh crore over medium term: ASSOCHAM-Crisil study

While Rs 45 lakh crore would be the total credit demand for the micro, small and medium enterprises (MSME) sector over the medium term, about Rs 5.15 lakh crore needs to be mobilised to address the near-term requirement, noted an ASSOCHAM-Crisil joint study.

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Tuesday, September 06, 2016

Good rains set to move up earnings of farm related firms: ASSOCHAM study

Thanks to bountiful rains this year, a large part of corporate India with direct connect with the agro and the entire rural economy is set to post handsome growth in the coming two quarters in sales and profitability ranging between 15 and 45% with benefits of Monsoon accruing to several mid and large cap firms Mahindra and Mahindra, Rallis India and Jain Irrigation, according to an ASSOCHAM paper.

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Sunday, September 04, 2016

Strike to cost up to Rs 18,000 crore to economy; exports too get hurt: ASSOCHAM

With all-India strike by central trade unions affecting trade, transport, key manufacturing facilities and banking services in Kerala, Karnataka, Tripura, Haryana and Uttar Pradesh besides other parts of the country, the loss to the economy is estimated at between Rs 16,000 – Rs 18,000 crore, according to an ASSOCHAM assessment.

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Friday, September 02, 2016

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