Other Briefings
Coca-Cola Planning to Increase Investment in India
Apr. 27 – Coca-Cola plans to invest more than US$250 million in India in the next three years because it has shown the highest volume growth in its international markets. Sales during the first three months of the year grew by 31 percent despite the global slowdown. The funding will increase Coca-Cola investment in the […]
Test Drive a Tata Nano Free Online
Apr. 20 – Tata Motors, the manufacturers of the worlds cheapest car the Nano, has teamed up with the Indian online gaming portal Zapak to provide a free online game in which a user can customize their virtual Nano, then drive it around Bombay amidst the city’s hustle and bustle. The tiny vehicle, which costs […]
Farewell To Mumbai’s Premier Padmini
MUMBAI, Apr. 20 – The ubiquitous Premier Padmini, the tiny black taxi derived from the 1957 Fiat 1200, is to be phased out. The Bombay High Court ruled last week that taxis over 25 years old must be taken off the road by the end of the year. The ruling comes a year later than […]
Foreign Investors Snapping Up Distressed Property Deals
Apr. 17 – Foreign private equity investors are looking to snap up good deals in the Indian real estate market by buying heavily discounted properties affected by the slowing economy. Investors from the EU and Middle East are expected to invest US$400-US$500 million in distressed land deals, reports The Economic Times. Namely Spain’s Nova Capital; […]
Government Offers 70 Oil and Gas Exploration Blocks
Apr. 10 – In order to attract increased revenues into long term investments and reduce the burden of importing 75 percent of its annual crude oil requirements, the Indian government is stepping up oil and gas exploration to boost production.
Auto Exports Surge as Domestic Sales Dip
Apr. 9 – Indian automobile exports exceeded domestic sales during the financial year April-March 2009, as liquidity dried up and the rupee lost its sheen.
Organized Retail to Slowdown for 12-18 Months
Apr. 1 – As a fallout of reduced consumer confidence, the organized retail sector in India is expected not to grow as robustly as previously envisioned. A new KPMG report states that the growth in organized retail might falter over the next 12-18 months, whereby India will not achieve her 2012 target.
Launch of the Tata Nano – The People’s car
Mar. 23 – The year’s most awaited car will officially be launched today. Tata Motors jellybean sized 10.2 feet, US$2000 Tata Nano will make Indian automotive history. Due to its revolutionary price tag, the People’s car, or the Nano, is designed for India’s burgeoning middle class and is expected to sell 50,000 cars during the next year.
