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...
Mumbai, Delhi on Top 10 list
According to Mercer two India cities are among the ten most expensive locations for expatriates. Remember, we are not talking about the average cost of living for local residents, or even the cost of living for upper income Indians. Expatriates from the West living in emerging economies typically choose premium...
Hosting the Olympics: The Expert Shows Thought Leadership
Earlier this week, Business Week carried an article by me assessing India's chances of hosting the 2020 Olympics and created quite a stir (see the reader feedback). And today, the Wall Street Journal has a short piece on the same theme. Read both and you decide whose article is better...