Seattle-based Boeing and India's Navy signed a $100-million contract, that requires Boeing to maintain spare parts and personnel in India, ready to respond to any defects or failures in the P-8I fleet over the next three years. This 'performance-based logistics' contract requires Boeing to continue the warranty services it has...
India Contemplates Opening Up Food Retailing
Foreign food retailers may soon be allowed to sell personal care products made in India up to 25 percent of their total merchandise sales. India's Department of Industrial Policy and Promotion has for the first time endorsed this proposal. The idea behind the move is to encourage "organized" (mass market) retailers...
India’s Zomato Acquires Seattle-Based Urbanspoon.com
India’s online restaurant listing company Zomato entered the U.S Market through the acquisition of Urbanspoon.com owned by IAC the Internet company focused on the areas of search, applications, online dating, media and ecommerce. The deal was an all-cash transaction for $52 million. Most of Urbanspoon’s team will be joining Zomato and...