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...
Australia's Crepe Cafe to Debut in India
Started by Australian-French restaurateur Jean-Pierre Corgnet in 2001 in Queensland, Australia, Crepe Cafe is set to make its India debut offering both sweet and savory crepes. Corgnet, chairman of Crepe Cafe said, "I think India is a huge market for us because of its young population and a growing middle...
Temasek and Ascendas-Singbridge Group to Invest in India Logistics
Singapore-based Ascendas-Singbridge Pte Ltd., that offers urban development solutions, will invest $320 million in logistics and industrial real estate in India. The company launched the Ascendas India Logistics Program which targets developing a portfolio of thirteen to fifteen million square feet of space in key warehousing and manufacturing hubs in...