New York City-based private equity firm KKR & Co., will invest $50 million (Rs 300 crore) in Mumbai-based Walchand Nagar Industries, one of India's oldest business groups. KKR has so far deployed around $4 billion in structured financing to business groups in India over the past seven years, and has...
UberEats launches in Mumbai
San Francisco-based Uber launched its initial UberEats service in Mumbai, and by the end of this year the company plans to expand this service to six cities in India. The country's online population is tipped to reach 450 million-465 million people by June 2017, according to a report co-authored by the Internet and...
Print Media in India Booms
Even as the sales of newspapers and magazines decline globally, in India their circulation increased by more than 23 million copies a day between 2006 and 2016, according to a new report from India's Mumbai-based Audit Bureau of Circulation -- an average growth of nearly 5% per year. The bureau...
Publicis Worldwide Launches Advertising Firm in India
Headquartered in Paris, Publicis, the advertising and public relations company, announced that it will launch Marcel, an innovative and creative shop in Mumbai, India. Marcel was created to help brands thrive in the digital age. It leverages big data, technology, and storytelling to create solutions. Its clients include iconic brands...
Germany's BeYu Cosmetics Returns to India
The German color-cosmetic company BeYu will partner with Mumbai, India-based Kaunis Marketing Services for a re-entry to India this April. Short for 'Be Yourself,' BeYu sells 500 cosmetic aids in 40 countries which will now be available in India across 150 outlets. The company plans to launch a special set...
Global Finance Firms to Add Office Space in India
Even as they downsize their retail operations worldwide, Barclays Plc, Credit Suisse Group AG, Standard Chartered Plc and Citigroup Inc., are among global financial firms looking to add office space in India. Barclay Technologies Center India Ltd, an offshore unit of the London-based financial services firm, is planning to add...