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...