Roca group, a Spanish sanitaryware and bathroom firm, recently announced that India will play an important role in its global strategy in the coming years. In order to emphasize on Asia- Pacific revenue and to keep a balanced geographical distribution strategy, a kitty of ₹ 150 crores had been designated, as the USD 1.8-billion Group’s […]
Amazon’s Online Food Service to Launch soon
Ahead of India’s month-long festive season, starting September, Amazon is planning to start its own food delivery service. The food industry is currently dominated by local startup Swiggy that counts Sequoia as an investor. It is rumored that the E-Commerce giant will partner with Catamaran, founded by Narayana Murthy to add restaurant deliveries to Prime […]
GoDaddy: Indian SMBs keen to improve online presence
In the digital age of today’s world, it is significant for Indian small and medium-sized businesses (SMBs) to shift their focus towards developing a strong online presence. Coming in line with this thought, Indian SMBs seem to be more inclined towards maintaining their online presence as compared to their global counterparts. A survey recently conducted […]
India bags 4th position in Business Optimism
According to a recent survey, Indian economic growth could be headed towards a surge as a whopping 64 per cent of corporates are optimistic about the country’s economic growth over the next 12 months. India has been ranked fourth in business optimism. Approximately 64 per cent of corporates are optimistic about the country’s economic growth […]
USD 57.2 billion contributed by Indian IT Companies to American GDP in 2017
Addressing business leaders in Colorado, Denver, Harsh Vardhan Shringla, India’s Ambassador to the US stated that India-based global IT services companies hire more than 1,75,000 workers in the US. This accounts for 8.4 per cent of employment in the computer systems design and concerned services industry. In his address to State International Development Organization (SIDO) […]
GST rate reduction on Electric Vehicles to be effective from 1st August
Government’s recent move to promote eco- friendly transportation system in India to sustain effects of climate change At a recent meeting, the GST council decided to reduce the tax rate of electric vehicles to 5 % from existing 12%, as an attempt to expedite the use of eco- friendly transportation in India. As per the […]
PepsiCo all set to develop its Agri-food industry in India
PepsiCo is all set to establish a mega food manufacturing plant in Uttar Pradesh, aimed to scale-up the agri-food business in India. “PepsiCo in India remains Committed to sustainably scaling up its Agri based food business in the country,” said PepsiCo’s CEO Ahmed Elsheikh. Just before the second ceremony for projects worth Rs 65,000 crore […]
Amazon enters real estate market, collabs with Realogy
Amazon reportedly partnered with America’s biggest residential real estate broker Realogy, making its entrance in the real estate market. Under the Turnkey program, Amazon will refer its customers to a Realogy real estate agent, upon closing the deal, the customers can use up to $5,000 in Amazon services. Based upon the deal amount, Amazon stated […]
Hyundai to invest $200 million in India for e-vehicles
Hyundai Motors recently launched India’s first long range SUV e-car Kona. The company in a statement said that it is planning to invest $200 million in developing ‘new India’s’ e-vehicle platform. Talking about the e-platform, SS Kim – MD and CEO of Hyundai Motors, stated, “We are working on a (electric) platform, which would be […]
Dr. Bubbles to spread boundaries nationwide
After a visit to the South-eastern regions in August 2015, Mr. Sarkar launched his bubble tea brand along with his wife, Nafisa Sarkar. Driven by rising demand for non-alcoholic and non-carbonated drinks in India, he decided to open the first store of Dr. Bubbles only after doing proper research. He understood that in order to […]