As it grows its presence in India, Richardson, TX-based Mavenir, that offers a portfolio of digital services to enable global communications across a variety of mobile devices and platforms, appointed a regional vice president for India/South Asia region. Mavenir has over 1,300 people in India/South Asia region with offices in...
NZ's Fonterra Forms Dairy Joint Venture
New Zealand-based Fonterra, the world’s largest dairy exporter, announced a joint venture with Mumbai-based Future Group to produce a range of consumer and food service dairy products for the Indian market. The new entity which will be known as Fonterra Future Dairy Partners, will enable Fonterra to establish a presence...
Apple to Open Stores Across India
Apple Inc., plans to open new retail locations in New Delhi, Bangalore, and Mumbai, and over time, the company will continue its expansion within India. The company is working on year-round deals to reduce prices; cutting supplies to retailers who fail to hit sales targets; encouraging iPhone recommendations; training retail...
India's Jet Airways to Buy 75 Boeing 737Max Aircraft
To meet domestic passenger demand, Mumbai, India-based Jet Airways agreed with Boeing Co. to purchase seventy-five 737 MAX jets. Domestic passenger traffic in India has grown at more than 20 percent annually in the last few years. This is the third agreement Jet Airways has entered into with Boeing for...
Zara India Reports 70 Percent Rise in Profits
Driven by strong sales and lower price points, fashion retailer Zara's net profit went up more than 70 percent in India in 2017. Spain-based Inditex has two joint ventures with India's Tata Group’s retail arm Trent: one for Zara and the other for luxury label Massimo Dutti. The joint venture...
India's Mahindra & Mahindra Partners with Virginia Tech
India's Mumbai headquartered Mahindra & Mahindra announced plans to set-up a Mahindra Ag Tech Center at Virginia Tech Corporate Research Center. This research facility will focus on creating technology products for the North American agriculture market, and will complement the work being done in product development centers at Mahindra Research...