Noida, India-based auto component maker Motherson Sumi Systems consolidated net profit stood at $108.81 million in the quarter ending March 31, 2017, a better-than-expected 20 percent growth. Motherson Sumi's net sales outside India rose over 14 percent to 94.76 billion rupees (GB Please convert to USD) CFO of Motherson Sumi Systems,...
GM Makes India an Export Hub
While closing down sales of its automobiles in India, Michigan-based General Motors will continue making vehicles in India, primarily as an export hub for Mexico, Central America and South America. The company also plans to maintain its technical center, R&D facilities, and sourcing components. “As the industry continues to change,...
India Tops in Trust of Institutions in Global Report
An online survey of more than 33,000 respondents conducted between October 13 and November 16, 2016 by Edelman, the world's largest public relations firm, and reported in the 2017 Edelman Trust Barometer, revealed that trust is in crisis around the world, and the largest-ever drop in trust was recorded across...
India Bucks Slowdown Trend in Emerging Markets
In a new policy research note ‘Slowdown in Emerging Markets: Rough Patch or Prolonged Weakness?’ the World Bank noted that “growth in BRICS, with the exception of India, has been slowing significantly after 2010. These slowdowns are expected to continue over the near term.” Emerging market growth has been fading...
Feni, Distilled from Cashew Nuts in India , Enters USA Market
The Spirits Business reports that Wirtz Beverage, Illinois, will introduce the award-winning craft distilled Spirit of India Feni to the United States for the first time. “We are truly thrilled to partner with such a tremendous team at Wirtz Beverage,” said B.J. McCaslin, Co-Founder of Spirits of India Feni. “This...
American Tourists to India Can Now Get Visas More Easily
Most American tourists can soon obtain visas to travel to India much more easily. The new plan does not help business travelers. According to media reports, this single-entry tourist visa is valid for 30 days, and a traveler may apply twice in a year. You submit an online application, pay...