The S&P BSE Sensex climbed to record levels on strong corporate earnings and gains in Asian markets: the index rose 0.6 percent to close above 30,000 for the first time; while the NSE Nifty 50 Index, advanced 0.5 percent. Seven out of the nine Nifty-listed companies have either met or exceeded...
MIT, Thompson Design to Propose 18 Riverways in India
A joint venture between the Infrastructure Architecture Lab of Massachusetts Institute of Technology, and the Boston-based Thompson Design Group has entered into a contract with the Inland Waterways Authority of India, a government body responsible for the development and regulation of inland waterways for shipping and navigation. The U.S.-based consultants...
Credit Suisse: Commodity-Intensive Growth Has Started in India
Swiss financial services company, Credit Suisse recently spent time in India to ascertain the status of mineral resources and commodities. “India looks to be firing at last,” was one of the headings in the bank’s report. The investigators had meetings with government agencies and companies in Delhi, Kolkata and Mumbai,...
India's Emami Enters Rich Country CPG Market
Kolkata-based Emami Limited, a personal care and healthcare company, has acquired a 67% stake in Fravin Limited, an Australian organic cosmetics firm for an estimated $3.1 million. (Aus $4million plus) Fravin’s founder, Peter Francis, said “Emami's plans are to build a $77 million (AUS $100 million) manufacturing business out of...
Hershey Considers India “Key for Continued Growth”
Global confectionery major Hershey has seen a strong quarter of growth in India, and says it is committed to investing in this emerging market. Mydigitalfc.com reports that Hershey India, a subsidiary of The Hershey Company, operates both its confectionery and beverage lines from regional sales offices in Mumbai, Delhi, Chennai...
Engineering Firm AECOM Plans to Expand in India
AECOM, a Fortune 500, U.S.-based engineering consulting firm that provides end-to-end solutions for all kinds of infrastructure development projects, plans to hire 1,500 more employees for its India operations, its global chairman & CEO Michael S. Burke said. Currently the company has 2,500 employees located across eight regional offices and...