A.T. Kearney's Global Retail Development Index for 2013 views India favorably and realistically. It points to India's large, young, increasingly brand- and fashion-conscious population. Retail growth of 14 to 15 percent per year is expected through 2015. "Modern retail" remains limited (7 percent in 2012), but it is expected to...
India starts receving P-8i surveillance aircraft
According to Aviation Week, India's first delivery of an 'in-country' Boeing P8-i aircraft this month will be followed by two further aircraft in the third and fourth quarters of the year. India has eight P-8Is on firm order and Boeing is optimistic that options on a further four could be...
Mumbai sixth in Billionaire Count
According to a study by WealthInsight, Mumbai takes the sixth position of the world's top cities with the maximum number of billionaires, with a count of 26 billionaires. New York tops the list with 70 billionaires, followed by Moscow with 64 and London with 54. Los Angeles counts 19 billionaires...
Returning Indian Expats Prefer Bangalore, New Delhi and Mumbai
According to the Times of India, Bangalore hires the highest proportion of returning overseas Indians (NRIs or non-resident Indian as they are still oxymoronically called) in its workforce. It is especially relevant in the IT, pharmacy and healthcare sectors, where they prefer to hire candidates with international exposure, as told...
Bangalore and Mumbai are most the Expensive cities for Average Indian Consumers
Analysis of the most recent Consumer Price Index data released by Reserve Bank of India shows that Bangalore has the highest average cost of living in India, followed by Mumbai, then Chennai, Kolkata, and Delhi. This is a chart from The Times of India, which indicates the CPI scores of...
Another Fortune 500 Company sets up R&D Center in Mumbai
A research and development facility was established in Mumbai, India's largest city by Ashland global specialty chemical company. The newspaper, BusinessLine, states the center will cater to personal and home care companies in India such as Unilever, Procter & Gamble, Colgate Palmolive, L’Oreal, Godrej Consumer Products, Emami, Dabur India, Cavin...