India's influence in the U.S. market is experiencing significant growth, as evidenced by both consumer trends and business developments. The recent launch of Mattel's Diwali Barbie, which sold out within a day, exemplifies the growing American interest in Indian culture. Major retailers such as Target, Walmart, and Costco are expanding...
Apple Reduces iPhone XR Prices in India
To boost sales in the face of stiff competition in the premium smartphone segment in India, where it stands at third position, Apple lowered the selling price of its latest iPhone XR by up to 22 percent. Phone Model Current Price Previous Price XR 64 GB $867 $1,113...
India’s HDFC Bank Approved to Raise Foreign Investment to 74%
The Foreign Investment Promotion Board, a panel of government officials that approves foreign investment in India, allowed foreigners to own as much as 74 percent of HDFC Bank Ltd., the nation’s most valuable lender by market capitalization, paving the way for a 100 billion rupee ($1.6 billion) share sale by...