Bosch to invest 100 million euros in India

Bosch Home Appliances will invest 100 million euros over the next four years into personalised solutions, brand building, strengthening its technology center, and setting up a robust refrigerator factory in India.“With localised offerings in the household appliances area, Bosch is transforming itself into a hardware-plus company,” Soumitra Bhattacharya, Managing Director, Bosch Limited and president, Bosch […]

Russia, India and Iran plan a quicker and cheaper trade route

By Charles F Moreira, Editor Russia, India and Iran are currently planning a faster and cheaper dual-mode sea and land trade route as an alternative to the current sea route between India and Russia. Right now, the transport of goods between India and Russia involves a long and circuitous route by sea from ports on […]

Flipkart CEO Binny Bansal quits over allegation of serious personal misconduct

Binny Bansal has announced his resignation as CEO of Flipkart Group, effective immediately, following an independent investigation into an allegation of “serious personal misconduct,” said Walmart Inc., in a statement. The world’s largest retailer said that Mr. Bansal had been an important part of Flipkart since co-founding the company, but that Mr.Bansal made the decision […]

IIP growth slips to 4.5% in September; retail inflation eases to 3.31% in October

Growth in industrial activity as measured by the Index of Industrial Production slowed marginally in September to 4.5% due to slowing growth in the manufacturing and capital goods sectors, official data released on Monday showed. Read the full story at https://www.thehindu.com/business/Economy/iip-growth-slips-to-45-in-september-retail-inflation-eases-to-331-in-october/article25477453.ece SOURCE: The Hindu (0)

Odisha to become global hub for industries in some sectors

Image – Odisha CM Naveen Patnaik inaugurates the ‘Make in Odisha Conclave’ in Bhubaneswar – courtesy The Hindu Inaugurating the five-day second edition of the Make In Odisha Conclave in Bhubaneswar, Chief Minister Naveen Patnaik said, “Come and discover the enormous business and growth opportunities that Odisha offers and the all-round development of the State in […]

Two years after demonetisation, India is still struggling to create jobs

The November 2016 demonetisation of Rs500 and Rs1,000 notes, which accounted for about 86% of the currency in circulation by value at the time, had dealt a body blow to the country’s small and medium businesses as they struggled to sustain operations amid an acute cash crunch. In the months that followed, over 1.5 million […]

India’s leap in ease of doing business overshadowed by demonitisation

India has been one of the biggest ‘improvers’ in the 2019 World Bank study, with its rank shooting up from 100 to 77, among 190 countries. This is quite a big jump, given that its rank crept up from 142 to 100 in the four years from 2015 to 2018. The World Bank now deems […]

ASEAN member countries of RCEP offer India concession

Several Asian member countries of the proposed Regional Comprehensive Economic Partnership (RCEP) have offered India a significant concession on the extent to which it needs to open up its markets, in a bid to encourage it to join the partnership quickly, according to a diplomat from Singapore. The RCEP is a proposed trade agreement between […]

Water storage system brings hope to farmers during dry spells

Firmenich, a Geneva-based perfumery, along with its joint venture partner Jasmine Concrete are helping farmers in South India set up the Bhungroo water harvesting system.The system involves channeling run off during the wet season to storage chamber underground and using this water during the dry spell. The aid comes in the form of funds to […]

Intel has a huge role to play in making 5G a success in India

Nivruti Rai, country head, Intel India, talks about emerging technologies such as 5G and artificial intelligence (AI) and the evolving role of Intel amid this change. Dwelling on the need for reskilling, Ms. Rai adds that by 2019, every employee at Intel India, including non-engineers, will be trained in AI. Read the full story at […]


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