Rolls-Royce, the aero-engine maker based in London, England, held its global board meeting in India for the first time.The company said the choice reflects the country's growing importance to its business. During the three-day visit, chief executive Tufan Erginbilgiç met India's prime minister to discuss the company's long-term plans. BusinessLine...
Diageo Brings Smirnoff Ice to India
United Spirits Limited, the India subsidiary of London-based Diageo, has launched Smirnoff Ice in India, the first time the vodka brand has entered the ready-to-drink segment in the country, Mint reported on Thursday. Ready-to-drink products are pre-mixed alcoholic beverages sold in a can or bottle. The company has two versions:...
Honeywell Speeds Up Engine Deliveries for India’s New Air Force Trainer
Honeywell Aerospace, the aerospace company based in Phoenix, Arizona, is speeding up engine deliveries to Hindustan Aeronautics Limited (HAL), the state-owned aircraft maker in India. The engines power the HTT-40, the basic trainer that India's air force will use for the first stage of pilot training. Matt Milas, president of...
BNP Paribas Takes Half a Million Square Feet of Office Space in Chennai
BNP Paribas, the French bank, has leased 500,000 square feet of office space in Chennai, in southern India, according to The Economic Times. The ten-year lease covers four floors at One Radial and is one of the largest office leases in the city this year. Mindspace Business Parks REIT, a...
GE Aerospace Plans to Nearly Double Spending With Suppliers in India
GE Aerospace in Evendale, Ohio, plans to nearly double what it spends with suppliers in India, to $400 million a year by 2030. The company announced the plan at an event in New Delhi, in northern India alongside an economic impact report on its four decades in the country. Vikram...
IKEA Sets a 2030 Goal to Quadruple Its India Revenue
IKEA, the Sweden-headquartered home furnishings retailer, wants to quadruple its revenue in India by 2030. The Economic Times reported that the company plans to grow from eight stores to thirty and to double its investment in the country to $2.2 billion at current exchange rates. IKEA is recording double-digit sales...