Pittsburgh, PA-based consumer electronics brand Westinghouse Electric Corporation announced its launch of a range of TV sets in India. In collaboration with its Indian licensing partner Super Plastronics Pvt Ltd., Westinghouse launched five ‘Made-in-India’ TV models with hopes to gain a market share of 3-5 per cent by the end...
Amazon Announces Manufacturing Line in India
Via Foxconn-owned Cloud Network Technology, an India-based subsidiary of the Taiwanese electronics giant, Amazon is poised to commence manufacturing in Chennai, India. The Chennai line will be capable of producing hundreds of thousands of devices every year, starting with the Fire TV line of streaming devices. Amit Agarwal, Amazon’s global...
Flipkart, Amazon Report $4.3 Billion in Festive Sales in India
During the 15-day festival period of Diwali in October, India’s top two web retailers Flipkart (in which Walmart is a majority stake holder), and Amazon clocked a combined sales figure of $4.3 billion. The festive sale period helps etailers shore up sales as this is when consumers plan large-value purchases...
Amazon India Introduces an Ayurveda Store
With a focus to expand the reach of Ayurveda products, Amazon has introduced an Ayurveda Store on its platform. Rachit Jain, head of consumables, global selling, Amazon India, said that the biggest category on Amazon.com is the herbal and beauty segment. "It offers a big opportunity for Ayurvedic product manufacturers." He...
Blackstone Bullish on Real Estate in India
New York City-based Blackstone Group L.P. acquired a marquee office building in Mumbai’s Bandra Kurla Complex (BKC) for $357 million -- this year’s largest commercial real estate deal. Owned and developed by Mumbai-based real estate firm Radius Developers, the eight-story building, One BKC, is spread across 700,000 square feet and...
Danish Fashion Brand Hummel Opens 5 India Stores
Founded in 1923, Hummel, a sportswear company based in Aarhus, Denmark, inaugurated five stores in India and plans another ten by the end of this year. The first five stores, which are franchised, are located in Bangalore, Pune, Chennai, Surat, and Amritsar. Soumava Naskar, managing director of Hummel India, said...