Other Briefings
Iconic Volkswagen Beetle to be Launched in India Next Month
Nov. 12 – Not satisfied with selling the Passat, Jetta and the Touareg in India, Volkswagen is now expected to bring the new Beetle to launch in India before the year’s end, if we’re to believe a report that has revealed to the Indian media during the India economic summit. Although the Volkswagen Beetle was […]
Ministry Amends Rules for Foreign Arms Companies
Nov. 12- India’s Ministry of Defense has changed rules that could allow foreign arms companies blacklisted pending a bribery case to join tests aimed at modernizing the army. The ministry banned local and foreign firms in June based on a suspected bribery charge on the former chief of the Ordinance Factories’ Board, Sudipta Ghosh. The […]
Accenture to Expand India Office to 50,000 People
Nov. 10 – Management consulting and consulting firm, Accenture is set to expand its India office from 42,000 to 50,000 by the end of 2010. William D Green, chairman and chief executive officer of Accenture, spoke with ENS Economic Bureau during the said ongoing India Economic Summit: “We are 42,000 right now and we imagine […]
Offshore Industry Reports More Business in Third Quarter
Nov. 9 – Indian outsourcing firms reported better business during the third quarter of this year according to the survey Everest’s Market Vista: Q3 2009. “The Indian offshore industry is growing on the back of improving demand and continued advantages of India as an offshore destination. India-centric suppliers are investing in delivery capabilities and setting […]
Broadband Kiosks Used to Penetrate Rural India
Nov. 5 – India’s BSNL service provider is setting up 30,000 broadband kiosks in rural and remote areas in the next two years on a franchisee basis. The state-owned BSNL is planning to tie with partners to build a network of around 30,000 broadband kiosks and provide services to people at a small fee, and […]
Diwali Retail Sales Up 40 Percent
Oct. 22 – Like China’s government instituted “Golden Weeks” during national holidays, India is beginning to push domestic spending during holidays as a way of bolstering the economy. Last week’s Diwali Festival spurred an increase in retail of some 40 percent over the corresponding time last year, in another signal that the “feel good” factor […]
India Jewelry Exports Shine in Global Economic Recovery
Oct. 22- The signs of global economic recovery have given new life to the Indian diamond processing industry, with exports orders rising sharply by 20 percent as retailers gear up for the Christmas and New Year holidays, according to Business Standard. Consumer demand for precious jewelry is signaling a rebound in the economy and supporting […]
India’s Tata Motors Takes Control of Spain’s Hispano
Oct. 22 – Tata Motors has taken full control of Spanish bus and coach manufacturer, Hispano Carrocera S.A., by acquiring a 79 percent stake in the firm. The Indian vehicle company already holds a 21 percent stake in Hispano, which it bought in 2005 for around US$700 million. “Tata Motors has acquired the remaining 79 […]
