According to analysis from broadband price comparison site Cable.co.uk, ten of the top twenty bargain-priced countries are in continental Asia, and India offers the least expensive prices for mobile data worldwide where maximum prices are $75.2 per gigabyte of data. Mobile data plans in 230 countries with mobile broadband availability and...
India's Motherson Sumi to Acquire Bombardier Transportation’s Assets
Noida, India-headquartered auto ancillary company, Motherson Sumi Systems will pay over $14 million to acquire Bombardier Transportation (Rolling Stock) U.K. Limited’s assets for producing and installing electrical components and systems for the rail industry. The deal also includes acquisition of Bombardier assets to manufacture wiring harnesses, panel and cabinet build,...
Reckitt Benckiser to Enter e-Commerce in India
U.K.-based multinational consumer goods company Reckitt Benckiser plans to sell some of its premium products directly to consumers in India via the specific websites of its brands such as Dettol, Strepsils, Durex, Veet, and Harpic, among others. Reckitt Benckiser signed a partnership agreement with Gurugram-based logistics and supply chain company...
India's OYO Enters America's Budget Hotel Market
Having raised $1 billion from the Japanese investor SoftBank, India's hospitality unicorn Oyo entered the U.S. market by opening an office in Dallas, and is testing the market with OYO Townhouses in Austin, Texas. The company generates most of its demand directly, and its customers book rooms via its mobile app. Oyo focuses on the...
India Receives $540 Billion in FDI for FY18
Foreign direct investment (FDI) during the previous fiscal grew 18 percent to over $540 billion, data from India's central bank, the Reserve Bank of India , evidenced. FDI increased by over $60 billion including revaluation of past investments, during 2017-18 to reach $540 billion in March 2018 at market value, according...
IT Centers of Global Retailers Clock Robust Growth in India for 2018
Captive technology centers of global retailers in India such as Target, Rakuten, Lowe's and JC Penney, grew in the double-digit range in FY18, as retailers continued to move work in-house to their own offshore centers. JC Penney Services India FY18 revenue grew 154% to $27 million, according to regulatory filings...