The Spirits Business reports that Wirtz Beverage, Illinois, will introduce the award-winning craft distilled Spirit of India Feni to the United States for the first time. “We are truly thrilled to partner with such a tremendous team at Wirtz Beverage,” said B.J. McCaslin, Co-Founder of Spirits of India Feni. “This...
India to Buy Warships from Korea
In keeping with a growing “strategic partnership” with South Korea, India is set to acquire 8 advanced mine sweeping and hunting warships for $1 billion. Under the program, India will get two of the mine counter-measures vessels (MCMVs) directly from the South Korean firm Kangnam Corporation, while the other six...
Metallurgical Engineer Takes Charge of India's Defense Ministry
Manohar Parrikar, who just became India's new Defense Minister is a workaholic engineer with a passion for cricket, is known to be both an able administrator and a master vote-getter In 1988 he joined the Bharatiya Janata Party (BJP) in the former Portuguese colony of Goa, where the party was...
Investors’ Growing Appetite for Vehicle-Rental Startups in India
Indian vehicle-rental startups focused on urban transportation needs are getting funding by US venture capitalists. With one of the world’s lowest car-ownership rates–18 out of 1,000 people, according to the World Bank — India has a large pent-up demand for vehicles. Sequoia Capital has invested $8 million in Zoomcar, an...
Yum! Brands India to sell $1 billion annually by 2015
Yum! Brands Inc. of Louisville, Kentucky, the owner of the KFC and Taco Bell fast-food chains, will spend $10 billion over the next seven years adding restaurants in emerging markets to tap increasing demand for eating out. The investments will help Yum increase its outlets in these countries to more...