Four Seasons Hotels and Resorts has partnered with India’s 3C Company to open a $400 million property in the Delhi One project by 2014. Four Seasons Delhi will feature 250 guest rooms plus 180 furnished serviced private condominium homes and will be located in Noida's Sector 16B across the Yamuna...
Jones Apparel to increase India sourcing by $21 million
Jones Apparel Group is a $3 billion company, whose brands include Nine West, Gloria Vanderbilt, AK Jeans and more. While 80% of the sourcing for its $800 million Jones Jeanswear Group is in jeans, the remaining 20% is for women's tops. Within the top section, of which Vikram Rawal, Director...
Ferrari to sells four models in India this year
In deal with India's Shreyans group,the Italian sportscar maker Ferrari plans to open its first dealership in New Delhi in the upcoming spring, and a second one is scheduled to open in Mumbai in the second half of 2011. The company, a unit of Fiat, will sell its California, 458...
Delhi gets 1 megawatt solar energy generator
North Delhi Power Ltd (NDPL), a joint venture of Tata Power with the Delhi government, has commissioned a solar power plant installed by Tata BP Solar. It consists of more than 5,500 solar photovoltaic panels made of crystalline silicon. These absorb sunlight and convert it into electricity, to be directly fed...
Nestle to invest in research and development in India
Swiss food and consumer goods giant Nestlé will open a research and development center in Manesar, Haryana, south of India’s capital city, where it will use local ingredients and spices, as well as low-cost Indian research and engineering to make products for India as well as other countries. According to...
Mumbai, Delhi spawn India's Richest Persons
According to the latest tally of India's richest persons by Forbes Magazine, Mumbai (formerly Bombay) is home to 45 of the 100 most wealthy Indians, including Mukesh Ambani, the richest man in India. In my book I noted how almost 40 percent of India's personal income taxes are collected in...