The CEO of high-end Italian suitmaker Canali says that India is among its top ten markets globally. So far in 2013, the luxury clothing maker has seen 14% growth in sales over last year. The company is e opening a store in Kolkata and "As soon as some new locations...
National Instruments funds Medical Device Development
High-end medical care remains unaffordable to most Indians. A joint initiative of IIT Madras and the Government of India's Department of Biotechnology, the Healthcare Technology Innovation Center hopes to develop indigenous medical technology that is affordable and accessible. HTIC signed a memorandum of understanding with National Instruments, a U.S. company...
Groupon to open R&D center in Chennai, India
Chicago based commerce marketplace company Groupon, Inc. announced plans to open a research and development center in Chennai, India, which will make it the fifth R&D globally developing e-commerce and m-commerce applications for Groupon’s Asia-Pacific markets. The center is to concentrate on formulating customer service tools, supply chain management tools,...
Bangalore and Mumbai are most the Expensive cities for Average Indian Consumers
Analysis of the most recent Consumer Price Index data released by Reserve Bank of India shows that Bangalore has the highest average cost of living in India, followed by Mumbai, then Chennai, Kolkata, and Delhi. This is a chart from The Times of India, which indicates the CPI scores of...
Hospira buys India R&D Center and Manufacturing Facility
Injectable generic drugs maker Hospira Inc said it plans to buy a factory and a research center from India-based Orchid Chemicals & Pharmaceuticals Ltd for $200 million. The factory, located in Aurangabad in India's western state of Maharashtra manufactures active pharmaceutical ingredients. It was constructed in 2000 and has 640...
Scrappy Cavin Kare battles Unilever and Procter & Gamble with innovation and nimbleness
Chennai, India based CK Ranganathan and the company he founded, Cavin Kare, became noticed first with the success of Chik shampoo in single-use sachets that cost half a rupee. Even today most shampoo sales in India are units sold at about 2 cents a piece. As this feature story, shows...