India’s generic pharmaceutical industry under threat from EU pact
Tweet Indian health workers and drug manufacturers are concerned that a new trade agreement being negotiated with the EU could damage the country’s generic pharmaceutical industry and reduce HIV medicines…
Yum! grows sales but has trouble digesting China’s wage inflation
Tweet Yum!, the owner of KFC and Pizza Hut, has delivered sales growth of USD 12.6 billion in 2011 up 11% due to the performance of its restaurants in Asia.…
Indian telecom licences acquired with bribes are cancelled
Tweet One hundred and twenty two (122) mobile 3G licences that were sold by the Indian government in 2008 have been cancelled by the country’s Supreme Court after they were…
Mocha in Mumbai? Decaf in Delhi? Starbucks launches in India
Tweet Starbucks has announced that it will open its first store in India before September 2012, after having held off for years from entering one of the world’s largest retail…
Affordable Tata Technologies electric car unveiled in Detroit
Tweet India’s Tata Technologies has unveiled a prototype USD20,000 four-seater electric car in Detroit,United States. Speaking during the unveiling event Wednesday, Tata Technologies president Warren Harris said that the eMO project…
India agrees to open up shop to IKEA
Tweet The Indian government has agreed to start the liberalisation of its retail sector and allow single brand stores owned by foreign companies to trade. This will enable retailers like…
Motorbike manufacturer Bajaj takes on Tata Nano with its RE60 micro car
Tweet The India-based auto manufacturer Bajaj Auto (BSE:532977) has finally ventured in to the four-wheel market. According to the auto maker, the ultra-low cost car it unveiled on Tuesday was…
Indian stockmarkets to open to foreign investors
Tweet The Indian government has announced that foreigners will be able to directly invest in stocks traded on the Indian stock exchanges. The opening up of the country’s listed companies…
India is world’s leading exporter of junk email
Tweet The lax legal framework in India has provided a fertile ground for spammers, a recently released report has revealed. According to the report released by Kaspersky Lab, a global…
KFC owner Yum says its future is in Asia
Tweet Yum!, the fast food chain operator, said yesterday that its future was firmly in Asia. The company which owns KFC, Pizza Hut and chinese brand East Dawning and mongolian…
