Other Briefings
Diageo Distills Plan to Purchase United Spirits Ltd.
Diageo, the world’s largest producer of spirits, announced last Monday its intention buy 26 percent of India-based United Spirits Ltd. (USL) for US$1.9billion.
India Losing Out in Voice and Call Center Industry
According to a joint report on India’s Business Process Outsourcing (BPO) industry by the Associated Chambers of Commerce and Industry of India and KPMG, India is currently losing about 70 percent of new business in its BPO industry to competing jurisdictions, such as the Philippines and Eastern Europe.
Mercedes Sales Highlight India’s Accelerating Demand for Luxury Goods
In recent years, India has become one of the most dynamic and rapidly growing luxury goods markets in the world, with demand for high-end automobiles leading this trend.
FDI Inflows Increase in January as Pharmaceutical FDI Remains Steady
New data indicates foreign direct investment inflows into India increased this January, with the pharmaceutical industry consistently attracting FDI.
E-Commerce on the Rise in India
While the traditional brick-and-mortar retail sector in India remains bogged down by FDI restrictions, the online retail sector has experienced incredible growth in recent years.
India’s Aviation Sector Has Potential to Become World’s Largest by 2030
India’s aviation sector holds much untapped potential and could become the largest aviation market by 2030, according to a joint report released by the Federation of Indian Chambers of Commerce & Industry and KPMG.
DIPP to Weigh FDI in Railways Next Week
India’s Department of Industrial Policy & Promotion (DIPP) announced today that it will fast-track a decision on foreign direct investment (FDI) in railways next week, in a push intended to expedite a decision on the matter before general elections are announced.
India Kicks off 2G Telecom Auction
Mobile phone companies began placing bids yesterday for second generation (2G) telecommunications licenses exactly two years after the Supreme Court abruptly cancelled scores of telecom licenses in a landmark ruling. Telecom companies will also now begin paying 5 percent of their revenue as an annual fee rather than a 3 to 8 percent fee range.
