US CEOs News

American online retail giant Amazon, which has committed investments to the tune of USD 5 billion in India, will "keep investing and growing in India", its chief Jeff Bezos has said.

Ahead of his meeting with US President Donald Trump, Prime Minister Narendra Modi has pitched India's policy initiatives and reforms, epecially GST to American business in an article written in the Wall Street Journal.  

Walmart India CEO Krish Iyer hailed the Goods and Services Tax (GST) bill, which will be rolled out on July 1st, as a `game changing reform` that would ease business barriers and help bring down prices of essential commodities in the long run.

American business schools could study India's implementation of the "complex" Goods and Services Tax (GST), Prime Minister Narendra Modi has suggested, ahead of the roll out of the landmark tax reform measure from July 1.

Modi, during his meeting with the CEOs of top 20 American firms, also said that India attracted the largest amount of foreign direct investment (FDI) as a result of the NDA government's policies in the last three years.

PM Modi said India has now emerged as a business-friendly destination, more so with the upcoming implementation of landmark GST beginning next month.

A group of 16 powerful CEOs in the US today called for an overhaul of the corporate tax code and asked lawmakers to accept the controversial proposal that would reduce cost of exports but heavily penalise imports.

Prime Minister Narendra Modi has said governance reform is his number one priority, during a meeting with a group of top American CEOs with a collective net worth of USD 4.5 trillion.

On his second visit to the United States since becoming the PM in May 2014, Narendra Modi on Thursday met a host of business and political leaders in New York.

Today is day two of Prime Minister Narendra Modi's New York leg of United States visit – his second since becoming the PM in May 2014. PM Modi is due to meet several world leaders, US CEOs and attend conferences today.

Finance Minister Arun Jaitley will hold meetings with top CEOs of American financial companies during his nine-day visit to the US on Wednesday.

The study, which is an analysis of CEO salaries at the 100 largest public US companies as measured by revenue, puts Microsoft's Indian-origin chief Satya Nadella on the top with a pay package of USD 84.3 million (Rs 525 crore) a year.

CEOs at large U.S. companies collectively realized at least $6 billion more in compensation than initially estimated in annual disclosures in the five years after the financial crisis first hit, according to a Reuters analysis. The reason for the windfall: the soaring value of their stock awards.

The meeting is significant in the light of 'Make-in-India' initiative, which seeks to make the country a hub for global manufacturing, design and innovation.

Cyrus Mistry of Tata Sons and David M Cote from Honeywell will co-chair the high-profile meeting.

After meeting Modi, India-origin Indra Nooyi, who is PepsiCo's chief, said, "he answers questions brilliantly and is very focused on improving India. So, we are thrilled to be working with him".

Top US corporates expressed their keenness to strengthen engagements with the country during their meetings with Prime Minister Narendra Modi who promised a friendlier business environment.

With total asset under management of over USD 4 trillion, US-based BlackRock has investments in over 100 countries and offices in 30 countries including India.