Founded in 1923, Hummel, a sportswear company based in Aarhus, Denmark, inaugurated five stores in India and plans another ten by the end of this year. The first five stores, which are franchised, are located in Bangalore, Pune, Chennai, Surat, and Amritsar. Soumava Naskar, managing director of Hummel India, said...
India Inaugurates First Howitzer Factory
Prime Minister Narendra Modi launched the Armored Systems Complex developed by Larsen & Toubro (L&T) at Hazira near the town of Surat in Gujarat. This is the country’s first private facility where the K9 Vajra, self-propelled Howitzer guns, will be manufactured. Defense Minister Nirmala Sitharaman was also present at the...
Small Grocery Stores in India Digitize
With the grocery business in India being dominated by big names such as Flipkart, Walmart, Amazon and Grofers, as well as supermarket chains, smaller family-owned kirana stores are finding ways to stay relevant in this sector. The biggest advantage the kirana's have is proximity to the customer as well as...
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...
Cardinal Health Partners with India's Sahajanand Medical Technologies
Dublin, Ohio-based Cardinal Health, Inc., announced a strategic partnership with Surat, India-based Sahajanand Medical Technologies . This partnership will provide Cardinal Health access to India's urban and Tier II & III cities where Sahajanand has strong and established sales as well as a direct distribution network. The Cordis unit of Cardinal Health plans...
India to Get its First Cartoon Network Themed Park
Turner International India, a division of New York City-based Times Warner, and the Rajgreen Group of Companies based in Gujarat, India, announced a 10-year partnership in Amaazia — India’s first Cartoon Network-branded amusement park. The Rajgreen Group invested $66 million in the venture which is located at Surat in the state of...