Hyundai-Kia group to make e-cars in India

    2019-05-29T13:57:56+00:00May 29th, 2019|Uncategorized|

    Korean group companies Hyundai and Kia Motors are finalising local manufacturing plans for electric cars in India, e-charging their operations at a time when the government is preparing an ambitious strategy to push locally sourced clean fuel mobility. For powering the vehicles — that may range from a mini SUV to even clean versions of Hyundai’s existing compact cars — the Korean auto giants are looking at the possibility of partnering compatriot LG for batteries, while also studying which of [...]

      Toonz buys into Irish Producer Telegael

      2019-05-29T13:55:08+00:00May 29th, 2019|Uncategorized|

      Indian animation company Toonz Media Group has acquired a minority stake in the kids’-content producer Telegael in Ireland, further enlarging its international footprint after the acquisition of Spanish animation studio Imira. Trivandrum-based Toonz is part of Geneva-based Comcraft Group. The deal means it will own a stake in a successful European producer and post-production house, as well as adding a live-action capacity to its business. Telegael gets the scale and leverage that comes with joining a sizable indie animation studio. [...]

        Indian firm may make insulin in Kazakhstan

        2019-05-23T13:03:42+00:00May 23rd, 2019|Uncategorized|

        Kazakhstan is set to overcome its dependence on imported insulin with an Indian firm planning to produce the drug at a facility in Almaty, reflecting the growing interest in Central Asia among India’s pharmaceutical companies. Indian and Kazakh officials admit bilateral trade, currently worth nearly $1 billion, has been held back by lack of connectivity and lack of information on both sides. The Kazakh government has stepped up efforts to woo Indian investors to overcome these problems, with 12 Indian [...]

          Jamie Oliver to continue to expand in India

          2019-05-23T12:49:35+00:00May 23rd, 2019|Uncategorized|

          Even as it faces closures in the United Kingdom, restaurants started by British celebrity chef Jamie Oliver will continue to expand in India, through their local partner for the country, Dolomite Restaurants. Earlier this week, Jamie Oliver’s British restaurant chain filed for bankruptcy protection leading to the closure of 22 restaurants in the United Kingdom, amid increasing competition that made business unviable for the restaurants business started by Oliver. However, the bankruptcy process is not expected to impact overseas restaurants [...]

            Danish brand Hummel enters India

            2019-05-23T12:47:17+00:00May 23rd, 2019|Uncategorized|

            Danish sports lifestyle brand Hummel International has entered the Indian retail market. The company opened five franchise stores in Bengaluru, Pune, Chennai, Surat and Amritsar. Hummel will invest $5.5 million (Rs 38.5 crore) in its first year of operations in India and open 10 more stores in the current fiscal year. The company is investing $5.5 million in the first year towards warehousing, logistics, back-end operations and marketing. The search is on for store locations in malls in Mumbai and [...]

              Reinforcing India ties under the new Australian government

              2019-06-21T09:28:12+00:00May 22nd, 2019|Uncategorized|

              An expert on trade and investment within the Australia-India narrows down the key areas of cooperation the new government must focus on for stronger bilateral relations. 'I have always believed in miracles' this is how Scott Morrison defined his election win, in the 2019 Australian federal elections. A man who until yesterday, an accidental Prime Minister, suddenly became a national favourite voted back to power. All exit polls wrote him off, psephologists questioned his campaign promises and he was struggling [...]

                IKEA franchisee invests in home design start-up

                2019-05-21T13:53:37+00:00May 21st, 2019|Uncategorized|

                Bengaluru-based end-to-end home design and decor service provider Livspace has raised an undisclosed amount from IKEA group franchisee, Ingka Group (Ingka Holding B.V and its controlled entities) for a minority stake. The partnership is expected to enable the sharing of expertise between the two companies combining IKEA’s massive portfolio of products with Livspace’s technology platform. The funds will be used by the start-up to develop new home interior solutions and products, market expansion and expanding offline retail footprint. Launched in [...]

                  Amazon, Cleartrip launch flight bookings in India

                  2019-05-21T13:50:16+00:00May 21st, 2019|Uncategorized|

                  Amazon has introduced flight bookings in India without much hype. The online retailer has joined hands with Cleartrip for the new service, which can be accessed on the Amazon Pay control panel in the Amazon app and its website. The online retailer seems to offer a quite basic flight booking experience at present and only domestic flights bookings are supported. While flight bookings at Amazon India seem to have started quietly last week, officially it has not made any announcement. [...]

                    Motorola eyes India as an export hub

                    2019-05-21T13:41:34+00:00May 21st, 2019|Uncategorized|

                    Mobile handset maker Motorola Mobility LLC aims to make India its export hub for Latin America and Asia Pacific markets. Prashanth Mani, Managing Director Motorola Mobility India, told the media: “We have invested in our systems to become export ready. From India, we can export to the rest of the world. “This is being done to bring supply chain and cost efficiencies, which would drive our profits. India will act as an alternate base of production for smartphones as it [...]

                      Orix Corp to buy remaining stake in IL&FS wind assets

                      2019-05-20T14:03:57+00:00May 20th, 2019|Uncategorized|

                      India’s debt-ridden Infrastructure Leasing and Financial Services (IL&FS) said that Japan’s Orix Corp has expressed an interest in buying out the remaining 51 per cent stake in IL&FS’s wind energy assets. Orix Corp plans to buy the stake to exercise its right under the terms of an existing agreement that allows Orix to match the price offered by the highest bidder for buying a stake in the wind power plants, IL&FS said. In April, GAIL (India) Ltd offered $683.01 million [...]