Bayer AG of Germany is forming a joint venture in Mumbai with Cadila Healthcare Ltd to distribute pharmaceuticals in Indi.. Each company will hold 50 percent of the shares in the Mumbai-based venture, which will be called Bayer Zydus Pharma. The 600 person entity will focus on women's healthcare, diagnostic...
Ports and Shipping to attract $100 billion by 2020
Only in India, will a new policy that covers the period from 2010 to 2020 be released in January 2011. A year late is still good, just take the targets with a grain of salt. Shipping Minister G.K. Vasan hopes to more than triple India's annual port handling capacity to...
Obama to arrive in India, the view from Mumbai
I just arrived at the Trident Hotel in downtown Mumbai's Nariman Point neighborhood. KCRW Radio's Warren Olney had me LIVE on "To The Point" as I entered one of the sites that was attacked by terrorists in November 2008. Click here to listen to the show and tell me what...
Mumbai, Delhi spawn India's Richest Persons
According to the latest tally of India's richest persons by Forbes Magazine, Mumbai (formerly Bombay) is home to 45 of the 100 most wealthy Indians, including Mukesh Ambani, the richest man in India. In my book I noted how almost 40 percent of India's personal income taxes are collected in...
I.M. Pei firm to design world's tallest residential tower in Mumbai
Lodha Developers Ltd. of Mumbai has announced that it plans to build the world's tallest residential tower using proceeds from its planned public offering. Central Mumbai has enjoyed a huge resurgence as former textile mills have been torn down to make room for modern residential and commercial construction. The financial,...
Mumbai, Delhi on Top 10 list
According to Mercer two India cities are among the ten most expensive locations for expatriates. Remember, we are not talking about the average cost of living for local residents, or even the cost of living for upper income Indians. Expatriates from the West living in emerging economies typically choose premium...