Search

Worlds Best and Biggest Woo India

Sept. 3 – This is probably the Golden era of India's auto sector. The world's crème de la crème of the global automobile industry are now in India.

Following luxury brands Jaguar and Land Rovers arrival in India Mercedes-Benz announced their foray into the Luxury Coach business in India, Audi has already been recieving a favorable response from India's monied millions. Meanwhile Japanese car maker's Indian joint venture – maruti Suzuki, said it wants to shift the bulk of its research and development work on cars with engine capacity of 1200cc or lower to India.

However, the hottest news came from General Motors, which already has a long association in India. The U.S. car company made a "clear commitment to India" by opening a second plant in western India, nearly tripling its annual output in the country to 225,000 vehicles a year.

Kingfisher’s Spreading its Wings

Aug. 27 – Business tycoon and Indian Richard Branson Vijay Mallya has recieved the green signal from the ministry of Aviation to fly his recently acquired Deccan Air internationally. This marks India's third International flight service, following Air India and Jet Airways.

Kingfisher Airlines will to fly to Thailand, Singapore, San Francisco, London and the UAE, amongst other destinations. The airlines is expected to launch their service from Banglore to London, Heathrow on the 3rd of September, the Economic Times reported.

Indian Politicians and Business Barons Head to the Olympics

Aug. 7 – Indian politicians and business barons are expected to fly into Beijing today in time for the Opening ceremony of the Summer Olympics at 08-08-08-08-08-08. Amongst the politbureau, ruling party leader, Sonia Gandhi will be in Beijing with her family; son Rahul Gandhi, daughter Priyanka Vadra, son-in-law Robert Vadra and their two children. Sports minister M. S. Gill will also be present.

Business tycoon, and India's richest man, Mukesh Ambani will also be present during the opening ceremony. Flying in on his own jet, he will be arriving in Beijing with his family, wife Nita Ambani and their two children, to witness the Olympic ceremony.

Domestic companies give multinationals a run for their money

April 21 – India has the second highest number of home grown companies that equally compete with multi national conglomerates, says a report put out by the Boston Consulting Group. India, which is second only to China had 11 companies that made it to the list, against China's 15. The report ranks 10 rapidly growing economies that are leading their markets and and fending off fierce competition with innovtive business models.

The report said that common signs of leadership amongst the companies were their ability to customise products and services to meet different requirements of the consumers. While technology and globalisation was on their side, the report said that the home grown companies have often found low cost innovative ways to go national allowing them to take the lead.

Wal-Mart tip toes into India

April. 8 – Launched amongst mass protests to protect India's mom & pop retail stores, Wal-Mart has shipped its first consignment of Procter & Gamble’s personal-care products to Bharti-Wal Mart, a joint venture for the cash-and-carry and logistics initiatives, the Economic Times reported on Tuesday.

In a desperate bid to enter the US$350 billion retail market in India, the US$340 billion retail giant entered into a 50:50 joint venture with the Bharti group’s retail arm in 2006. While the joint venture will focus on B2B business, the Bharti group plans to launch small-format retail stores shortly. The officials said P&G India is helping Wal-Mart understand the nuances of doing business in India.