Amazon launched its Fire TV stick in India with Amazon's Prime Video India director and country head Nitesh Kripalani and Amazon Fire TV vice president Marc Whitten at the launch. India is the fifth country where the device becomes available after the U.S., U.K., Germany and Japan. Priced at $62,...
In 2016, India Held $118.2 Billion U.S. Government Securities
Data available with the U.S. Treasury Department showed that India was the 12th largest holder of U.S. government securities at the end of 2016, with exposure worth $118.2 billion in December. Among the BRIC countries, India stood at 3rd place after China and Brazil in terms of exposure. The Economic...
Panasonic Localizes Washing Machines for India
After two years of testing experiments, Japanese multinational electronics corporation Panasonic, headquartered in Kadoma, Osaka, has launched a washing machine especially for India's consumers. Panasonic said the introduction of a 'curry' button followed complaints from customers struggling to fully get curry stains off their clothes. Panasonic researchers analyzed what went into a...
WIPO Head: India Will Be Major Hub of Innovation
In an interview with the Economic Times, World Intellectual Property Organization director general Francis Gurry discussed issues of Intellectual Property and Innovation with respect to India. Snippets of Gurry's opinions during the conversation: There has been a shift in innovation in the last 20 years, from a total domination by...
India Best Country for Wall Street Says Forbes
New York-based Wisdom Tree, that pioneered the concept of fundamentally weighted Exchange Traded Funds (ETFs) and active ETFs, says that its India Earnings (EPI) Fund is up 12.8% year-to-date and is ahead of China, Indonesia, Thailand, Vietnam, South Korea and Japan. Gaurav Sinha, strategist for Wisdom Tree said, "If you look...
Japanese Sportswear Brand Asics Expands Operations in India
Japanese sportswear brand Asics will begin to source in India so that it can apply for FDI and benefit from lower duties. In a discussion with BusinessLine, Rajat Khurana, Director, Asics India, said, "While we are an imported brand, we should soon start with 10-15 per cent of local footwear...