New York-based global marketing research firm Nielsen Corporation announced a strategic partnership with retail technology start-up SnapBizz, headquartered in Bangalore, India, to provide real-time, actionable insights on products and services for retailers and companies in traditional trade. Traditional trade stores account for nearly 90 percent of the fast-moving consumer goods...
Volvo Starts Assembling Cars in India
Swedish brand Volvo has begun assembling cars at their plant near Bangalore in India. Cars valued $40,000 or more that are brought into the country through the Completely Built Unit route attract an import duty of 100%. So to make the cars more affordable to Indian consumers, Volvo India will go...
India's Hindustan Aeronautics To Go Public
Hindustan Aeronautics Limited, state-owned aerospace and defense company based in Bangalore, initiated the process of an initial public offering to divest 10% of its shares. The IPO is for 361,500,000 equity shares with a face value of $0.15 each. "A discount of up to 5% on the offer price may...
India's Agri-Tech Startups Help Improve Agriculture
A Boston Consulting Group study titled 'The Rising Connected Consumer in Rural India' says "the number of connected rural consumers is expected to increase from about 120 million in 2015 to almost 315 million in 2020." Because of government initiatives such as Digi Gaon (Digital Village) and the Bharat Net...
India is now IBM's largest Center for Employment
IBM's biggest pool of employees is in India where it employs 130,000 people, or one-third of its total workforce, which is more than the number of people it employs in the U.S., per a report in The New York Times. Both low-level and high-level jobs are assigned to India. Core...
India Sets Up the 5G India 2020 Forum
The Government of India set up a high-level 5G India 2020 Forum to roll out 5G in India by 2020. The committee will have on board three secretaries, one each from the Department of Telecommunications, IT and Electronics, and Science and Technology Ministries. Other members of the forum will include...