Other Briefings
Hilton, Starbucks Add to Their India Portfolio
May 14 – Looking to further break into the Indian market, Hilton Hotels has committed to expand its mid-market and luxury brands in the country. Hilton, which already has established various hotels in India, recently acquired an additional number of properties on which it looks to open up and develop hotels for its luxury brand, […]
Indian IT Companies Double Global Market Share
Mar. 27 – A report by Indian Brokerage Firm Angel Broking states that Indian IT outsourcers have doubled their share in total worldwide IT spending over the past six years. Furthermore, the larger Indian IT companies have performed better than other global players in the same period. In 2007, India’s IT companies accounted for US$31 […]
Mumbai to Open Second Airport Terminal in September
Mar. 21 – Mumbai International Airport (MIAL), currently handling approximately 30 million passengers per annum, is set to open its new Terminal 2 (T2) in September in a move that has been described as a “game changer” in regional aviation. Mumbai , currently the worlds 44th most busy airport, will be adding another 21,000 square […]
Volvo Targeting India’s Luxury Market
Mar. 19 – In a strategic move that underlines the dawning recognition of India’s growing wealth, the auto manufacturer Volvo, owned by Geely of China, is preparing a long term strategy for the Indian market which will concentrate on luxury cars. In a statement to news agency PTI, Volvo Auto India MD Tomas Ernberg said the […]
Using Video Conference for Board and General Meetings in India
By Gunjan Sinha, Associate, Business Advisory Services, Dezan Shira & Associates Mar. 11 – With the advent of high-capacity broadband telecommunication systems in India, along with constantly evolving computer processors and video compression techniques, video conferencing has become a regular and popular feature for businesses across the country. The regular use of video-conferencing has lead […]
AirAsia To Enter India’s Newly Liberalized Aviation Sector
Feb. 22 – AirAsia, Southeast Asia’s largest budget airline, is set to enter the Indian market in a joint venture (JV) with India’s Tata Group and Telestra. This marks the Tata Group’s first enterprise in the aviation industry since the 1930s. India liberalized its civil aviation sector to foreign investment last September, and this has […]
India Auto Parts Manufacturing Expanding into China
Feb. 20 – Motherson Sumi Systems, India’s largest auto parts manufacturer, is pursuing an aggressive expansion strategy and is looking to significantly increase its market share in China, Brazil and the United States. The company is already adding capacity to its China plants, which currently supply rear view mirrors, bumpers and body parts to Porsche […]
India Proposes Curbing Foreign Tech Product Imports
Jan. 9 – The Indian government has proposed significant curbs to the importation of foreign technological products. If successfully implemented, this regulation will require a large percentage of technological goods to be manufactured locally. This plan reflects the government’s strong desire to compel foreign firms to increase their manufacturing operations in India. While the specifics […]
