According to CNBC, India's Apollo Tyres, based in Chennai, India agreed to acquire U.S. based Cooper Tires for $2.5 billion in an all-cash transaction. Founded in 1976, Apollo has annual revenues of $2.5 billion with 59% of its revenues coming from India. This deal will make the Indian firm the...
GDP: Comparing Countries Over Time
The rise of Eastern economies is more properly called the "return" of these erstwhile economic powerhouses, especially China and India. (Note that Angus Maddison did not seem to value the pre-Columbian nations of the Americas at all in his analysis, so the numbers are perhaps a bit skewed).
India to acquire icebreaker
According to the article, India is in the process of acquiring an icebreaker ship for conducting scientific and business exploration in the polar regions. This icebreaker is estimated to cost $144 million customized with several laboratories for carrying out experiments in the Arctic and Antarctica. These ships can cut through...
India eyes buried mineral treasure
According to The Times of India, India will soon be seeking the approval for deep-sea exploration of minerals and metals in central Indian Ocean region from International Seabed Authority (ISA). This move is done to anchor the country’s strategic significance in the Indian Ocean region and open up the possibility...
China, India leading in tourist spending in U.S.
According to Los Angeles Times, visitors from China are now the biggest-spending travelers to the U.S. In all of the U.S. the average spent as a whole by Chinese visitors is $7,105, by Indian visitors is $6,659, by Brazilian visitors is $5,604, and by Japanese visitors is $4,541. In California...
Top Asia Pac investment destinations
According to the FDi report 2013, here are the five destinations which were preferred to invest in Asia-Pacific in 2012. As you can see, China is the favorite country for FDI, quickly followed by India with a number of projects reaching 704. In total, the region of Asia-Pacific has attracted...