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Amazon opens its biggest global campus in India

Amazon opens its biggest global campus in India

26/08/2019 - 08:21
Amazon.com announced that it has launched its biggest campus in the world in the southern Indian city of Hyderabad, underscoring its expansion plans in the country that has been one of its fastest-growing overseas markets. read more
Tiffany & Co partners with Reliance Industries to bring jewellery to India

Tiffany & Co partners with Reliance Industries to bring jewellery to India

08/08/2019 - 11:21
Iconic American jeweller Tiffany & Co is partnering with Mukesh Ambani’s conglomerate to gain a foothold in the lucrative Indian market. read more
Amazon in talks to buy stake in India's Reliance Retail

Amazon in talks to buy stake in India's Reliance Retail

05/08/2019 - 09:02
Amazon.com is in talks with Reliance Industries’ retail unit to buy a stake in India’s biggest brick-and-mortar retailer, two sources with knowledge of the talks said.  read more
Walmart said to be close to $12bn deal with Naspers-backed Flipkart

Walmart said to be close to $12bn deal with Naspers-backed Flipkart

23/04/2018 - 09:24
Walmart is close to finalising a deal to buy a majority stake in Flipkart, India’s leading e-commerce company, for at least $12bn — and could complete the agreement in the next two weeks, according to people familiar with the matter.  read more
India wants damages from Nestlé over noodles - India

India wants damages from Nestlé over noodles - India

08/06/2015 - 08:43
New Delhi - India's government has filed for damages from food group Nestlé after a food scare involving reports of excess lead in Maggi noodles forced a nationwide recall, government officials say. read more
Wal-Mart records loss on India transaction

Wal-Mart records loss on India transaction

29/04/2014 - 11:08
Bentonville, Ark. – Wal-Mart Stores Inc. incurred a net loss of $151 million in the process of ending its partnership with former Indian partner Bharti Enterprises. read more
India court rejects Nokia plea

India court rejects Nokia plea

18/03/2014 - 10:45
New Delhi - India's Supreme Court has ordered Nokia to give a 570-million-dollar guarantee before it transfers one of its biggest mobile phone units and other assets in the country to Microsoft Corporation, news reports said Saturday. read more
Report: Wal-Mart sets up new India company

Report: Wal-Mart sets up new India company

22/01/2014 - 09:09
Bentonville, Ark. – Wal-Mart Stores has reportedly registered a new company called “Wal-Mart India Private Ltd.” in India, setting the stage for entering the Indian grocery market with a new local partner. According to the Free Press Journal, an Indian publication, Wal-Mart registered the company on Jan. 15, 2014 with the Indian Ministry of Corporate Affairs. read more
India clears Tesco's $110m investment

India clears Tesco's $110m investment

06/01/2014 - 09:30
Mumbai - India's foreign investment regulator has approved a $110m investment plan by Tesco, formally paving the way for the British retailer to venture into Asia's third-largest economy. read more
Tesco set to enter India's supermarket groups

Tesco set to enter India's supermarket groups

19/12/2013 - 12:55
Mumbai - Britain's Tesco is set to become the first foreign supermarket to venture into India's $500bn retail sector after announcing it had applied to buy a 50% stake in Tata Group's Trent Hypermarket. read more
Report: Indian Reserve Bank to rule on Walmart probe

Report: Indian Reserve Bank to rule on Walmart probe

21/10/2013 - 11:44
Bentonville, Ark. – The Indian central bank is reportedly reviewing findings of an investigation into whether Wal-Mart Stores broke that country’s investment rules in 2010.  read more
'Indian beer industry poised to grow 20 times'

'Indian beer industry poised to grow 20 times'

07/10/2013 - 10:58
The Indian beer market is expected to grow 20 times in next 20 years in view of changing lifestyles, a burgeoning middle class and government policy to promote low alcoholic drinks in the country.  read more
South African wine producers to feel the heat

South African wine producers to feel the heat

05/08/2013 - 08:53
Cape Town - The global wine industry is worth $230bn a year and the potential yields for the South African industry have never been as great, nor the pitfalls as plenty, according to Linda Buckley, director of executive education at UCT’s Graduate School of Business (GSB). read more
Walmart removes India operations president Raj Jain

Walmart removes India operations president Raj Jain

08/07/2013 - 08:59
US retail major WalMart recently announced a top level change in its Indian operations with President Raj Jain being replaced by Ramnik Narsey, who is currently Senior Vice-President for Walmart International, with immediate effect.  read more
India:  Liquor rates hiked by Delhi govt as much as 11%

India: Liquor rates hiked by Delhi govt as much as 11%

21/06/2013 - 11:44
Tipplers will have to shell out more to buy liquor in the capital with the Delhi Government approving a hike in alcohol rates as part of new excise policy, late last month.  read more
India: P&G to set up its biggest India plant in Andhra Pradesh

India: P&G to set up its biggest India plant in Andhra Pradesh

11/06/2013 - 10:10
FMCG major Procter & Gamble (P&G) India is enhancing its manufacturing capabilities and expanding its footprint by setting up its largest plant at Kothur Mandal in Mahaboobnagar district of Andhra Pradesh. The company will be investing R370 crore in the plant through Procter & Gamble Home Products.  read more
How Lenovo is setting itself apart

How Lenovo is setting itself apart

23/05/2013 - 15:05
Lenovo Group Ltd’s bold acquisitions in its flagship PC business, a foray into mobile gadgets, and a relatively light debt load are setting it apart from PC rivals as industry shipments take their steepest fall in decades. read more
Diageo appoints new CEO

Diageo appoints new CEO

21/05/2013 - 10:50
Indian to head world’s top liquor company Mumbai: India-born Ivan Menezes is the new CEO of Diageo, the world's largest drinks company-a development that reinforces the growing trend of Indians heading high-profile global corporate giants.  read more
India: Liquor prices will increase next month

India: Liquor prices will increase next month

21/05/2013 - 10:36
New Delhi: Liquor prices are set to rise in the coming weeks as the cabinet cleared the new excise policy on Monday. While the policy leaves the licence fee untouched for the financial year 2013-2014, Indian Made Foreign Liquor (IMFL) will be dearer by 5% and country liquor by 11% once the new rates are notified in June.  read more
Indians seek Botswana business links

Indians seek Botswana business links

03/05/2013 - 09:45
An Indian business delegation was in Botswana last week to seek investment opportunities and strengthen ties with local stakeholders.  read more
United Breweries Says Heineken India Sales to Rise 50% This Year

United Breweries Says Heineken India Sales to Rise 50% This Year

23/04/2013 - 10:43
United Breweries Ltd. (UBBL), India’s largest brewer, expects sales of Heineken NV’s (HEIA) namesake brand to climb more than 50 percent in the country this fiscal year as it ramps up distribution of the pricier foreign beer. read more
China, India to invest big in KZN

China, India to invest big in KZN

08/04/2013 - 09:00
Dube TradePort is set to be the main KwaZulu-Natal beneficiary of new multibillion-rand Chinese and Indian deals to come out of the Brics summit hosted in Durban last week.  read more
Manufacturing will grow jobs - India

Manufacturing will grow jobs - India

28/03/2013 - 09:22
Johannesburg - Growth in the manufacturing base will enable the Brics countries to achieve their desired economic growth and job creation, Indian Minister of Commerce Anand Sharma said on Wednesday.  read more
Strong beer overpowers milder version in the Indian market

Strong beer overpowers milder version in the Indian market

26/03/2013 - 09:00
Bangalore: While Americans and Europeans prefer their beer to be light on alcohol content, Indians have traditionally been partial to a stronger brew, a preference that’s become further accentuated of late along with an improvement in the image associated with such beverages. read more
Adcock moves on $665m Bidvest bid

Adcock moves on $665m Bidvest bid

25/03/2013 - 08:14
Johannesburg - South African conglomerate the Bidvest Group [JSE:BVT] offered around $665m in cash and shares for control of the country's second-largest but under-performing drugmaker Adcock Ingram Holdings [JSE:AIP]. read more
Cipla ups offer for SA's Cipla Medpro

Cipla ups offer for SA's Cipla Medpro

28/02/2013 - 09:35
Mumbai - Indian drugmaker Cipla on Thursday sweetened its offer by 17% to take over South Africa's third-largest drugmaker, Cipla Medpro South Africa [JSE:CMP], ending the uncertainty of an earlier offer that had been put on hold by the Indian company. read more
Cipla Medpro's India deal on hold

Cipla Medpro's India deal on hold

12/02/2013 - 08:07
Johannesburg - The acting chief executive officer of Cipla Medpro said on Monday the generic drug firm has not received any communication from its Indian suitor, Cipla that an acquisition deal has been put on hold. read more
Global consumer confidence dips

Global consumer confidence dips

05/02/2013 - 08:09
London - Global consumer confidence dipped at the end of last year, a survey showed on Monday, and more than 60 percent of respondents said the next 12 months would not be a good time to spend. read more
Cipla to push India to raise bid

Cipla to push India to raise bid

24/01/2013 - 09:27
Johannesburg/Mumbai - Drug company Cipla Medpro South Africa [JSE:CMP] is expected to demand more than the $215m on offer from Indian suitor Cipla Ltd to reflect a lucrative government contract win that will increase its earnings power.  read more
Wal-Mart warns its suppliers

Wal-Mart warns its suppliers

23/01/2013 - 08:46
Bentonville, Arkansas - Wal-Mart Stores has alerted its global suppliers that it will immediately drop them if they subcontract their work to factories that haven't been authorised by the discounter. read more
Ikea given approval to open stores in India

Ikea given approval to open stores in India

22/01/2013 - 09:24
Delhi, India -- A Monday report by Bloomberg said that Ikea has received the go-ahead from the Indian government to open outlets in the country, making it perhaps the first major foreign retailer to set up its own stores in the region. read more
India: Max Hypermarkets rebranding Spar stores as Auchan

India: Max Hypermarkets rebranding Spar stores as Auchan

15/01/2013 - 08:11
Max Hypermarket India Private Limited (“Max Hypermarkets”) has rebranded its existing ‘SPAR’ stores in Bengaluru and Mangalore to Auchan, saying this will offer a fresh perspective to attract customers. read more
Diageo submits info on United Spirits open offer to SEBI

Diageo submits info on United Spirits open offer to SEBI

11/01/2013 - 10:35
Mumbai, Jan 8, Global liquor major Diageo Plc has submitted details sought by market regulator SEBI regarding its Rs 5,441-crore open offer for buying stake in the Vijay Mallya-led United Spirits. read more
India starts probe into Walmart’s outlay for lobbyists

India starts probe into Walmart’s outlay for lobbyists

13/12/2012 - 09:41
The Indian government ordered a probe yesterday into the spending on lobbying by US retail giant Walmart to facilitate its entry into India.  read more
Diageo Ends Talks About Cuervo’s Future, Will Terminate Deal

Diageo Ends Talks About Cuervo’s Future, Will Terminate Deal

11/12/2012 - 10:04
Diageo Plc (DGE), the world’s largest distiller, ended talks about the future of the Cuervo tequila brand with JB y Compania SA de C.V. and Lanceros S.A. de C.V. and will now work to cease the current distribution agreement. read more
 India Retailers Rise on Foreign Investment Vote

India Retailers Rise on Foreign Investment Vote

06/12/2012 - 08:24
Pantaloon Retail India Ltd. (PF) rose to the highest in more than a year, leading gains among retailers after India’s lower house of parliament voted to endorse a government decision to allow foreign investment in supermarkets. read more
Indian government to vote on supermarket reform

Indian government to vote on supermarket reform

03/12/2012 - 09:49
New Delhi - The Indian government bowed to intense opposition pressure and agreed on Thursday to a vote on its decision to let foreign supermarkets set up shop in India, taking a major step towards ending a deadlock that has paralysed parliament for days. read more
Diageo may put preferential issue of United Spirits on hold due to surge in stock prices

Diageo may put preferential issue of United Spirits on hold due to surge in stock prices

27/11/2012 - 08:41
Mumbai: The pricing of the preferential share sale by United Spirits Ltd (USL) to Diageo may face some resistance from minority shareholders following the surge in the USL stock price, market participants said.  read more
 GSK to spend $1bn to lift stakes

GSK to spend $1bn to lift stakes

27/11/2012 - 08:16
GlaxoSmithKline Plc plans to spend more than $1 billion to raise stakes in its Indian and Nigerian consumer healthcare arms, as Britain's biggest drugmaker deepens its emerging markets and non-prescription consumer health footprint.  read more
World’s largest mall in Dubai may cost Dh10b

World’s largest mall in Dubai may cost Dh10b

26/11/2012 - 09:13
Dubai: The world’s largest mall to be built in Dubai could cost approximately Dh10 billion, according to some analyst estimates. read more
India investigates Wal-Mart

India investigates Wal-Mart

19/11/2012 - 08:22
Indian authorities are investigating claims that Wal-Mart Stores Inc. violated foreign exchange rules when it invested $100 million in a domestic unit owned by its wholesale joint-venture partner, a law enforcement official said. read more
Inflation blow to India rate cut hopes

Inflation blow to India rate cut hopes

16/10/2012 - 08:00
New Delhi - India's inflation accelerated to a 10-month high, hitting 7.81% in September, data on Monday showed, diminishing chances of an interest rate cut to jumpstart a sharply weaker economy. read more
Oil dips on global economic worries

Oil dips on global economic worries

10/10/2012 - 08:52
Singapore - Crude oil prices sank in Asian trade on Wednesday on concerns over the world economy after the International Monetary Fund (IMF) cut its global growth forecasts.  read more
Strikes against retail reform rock India

Strikes against retail reform rock India

20/09/2012 - 12:50
New Delhi - Shopkeepers, traders and labourers in India blocked railway lines and closed markets on Thursday to protest against reforms allowing in foreign retail giants such as Walmart and Tesco. read more
India Lets in Wal-Mart, With Conditions

India Lets in Wal-Mart, With Conditions

18/09/2012 - 13:32
The Indian government’s decision Friday to let big department stores like Wal-Mart Stores into the country could dramatically impact everything from the country’s food chain to its roads.  read more
India's revised growth data, raises fears

India's revised growth data, raises fears

31/08/2012 - 07:58
New Delhi - India has quietly revised a slew of key economic data ahead of new GDP figures due out on Friday, a move economists say raises questions about the reliability of the country's financial records.  read more
India prepares tough drought measures

India prepares tough drought measures

31/07/2012 - 08:16
New Delhi - Indian ministers will meet on Tuesday to discuss measures to deal with a feared drought, including curbs on commodity derivatives, extra subsidies to farmers and the distribution of seeds, but are not expected to ban farm exports. read more
Adcock subsidiary buys Cosme unit for R778m

Adcock subsidiary buys Cosme unit for R778m

10/07/2012 - 08:29
Adcock Ingram Healthcare Private Limited, a wholly owned subsidiary of the Adcock Ingram Group registered in India, has reached agreement to acquire certain assets of Cosme Farma Laboratories Limited, a pan-Indian pharmaceutical company based in Goa, India. read more
 Hitch in IKEA’s India plans

Hitch in IKEA’s India plans

09/07/2012 - 08:04
New Delhi - A dispute over sourcing regulations is clouding plans by Sweden's IKEA to open 25 of its trademark blue-and-yellow stores in India as it seeks new markets for its flat-pack furnishings. read more
Rice Harvest in India Seen at Record as State Prices Increased

Rice Harvest in India Seen at Record as State Prices Increased

26/06/2012 - 08:48
Rice production in India, the second-largest grower, is set to climb to a record after local prices were raised, potentially allowing the nation to sustain exports for a second year and swelling a global cereal glut. read more
SA among Walmart’s five countries posing high risk of corruption

SA among Walmart’s five countries posing high risk of corruption

18/06/2012 - 08:36
Walmart recommends that its employees in “certain countries” make payments to police officers if they feel threatened by the officer’s behaviour.  read more
Wal-Mart probe includes five countries

Wal-Mart probe includes five countries

13/06/2012 - 08:19
New York - Lawyers for Wal-Mart Stores have identified Brazil, India, China and South Africa along with Mexico as areas having the biggest risk for corruption, according to a letter from two congressmen who are doing their own investigation into the allegations of bribery in its Mexico operations. read more
Rice Poised for Third Record Crop as Food Prices Retreat

Rice Poised for Third Record Crop as Food Prices Retreat

05/06/2012 - 09:02
The third consecutive year of record rice production is poised to expand inventories to the most in more than a decade, driving down prices and helping to contain the more than $1 trillion spent on food imports annually. read more
Walmart to expand local sourcing in India

Walmart to expand local sourcing in India

04/04/2012 - 08:16
Walmart has said it is planning to source an increasing volume of agricultural products locally in the sub-continent.  read more
India’s Cotton-Export Ban Should Be Lifted, Minister Says

India’s Cotton-Export Ban Should Be Lifted, Minister Says

07/03/2012 - 08:05
India's farm ministry wants a ban on cotton exports to be revoked as the curbs will hurt farmers in the world’s second-biggest producer, minister Sharad Pawar said. Futures surged for a second day to the highest level in more than two weeks.  read more
Adidas concerned over India local sourcing laws

Adidas concerned over India local sourcing laws

06/03/2012 - 08:23
Adidas has expressed concern that Indian regulations requiring foreign companies operating single brand stores in the country to source 30% of goods locally are overly restrictive. read more
Kingfisher Tops Rivals in India’s Beer Market

Kingfisher Tops Rivals in India’s Beer Market

02/03/2012 - 09:11
Indians sip only two liters of beer a year, just one-twentieth the amount consumed by Chinese and less than one-fortieth by Americans. SABMiller Plc (SAB), Anheuser- Busch InBev NV (ABI) and Carlsberg A/S (CARLB) see that as an opportunity. read more
Oil prices rise

Oil prices rise

15/02/2012 - 08:53
World oil prices inched upwards on Tuesday in a subdued market after Moody's warned it could downgrade ratings on three top-rated eurozone members amid continued international tensions read more
Sugar Traders Wager That Biggest Glut in Five Years Is Ending: Commodities

Sugar Traders Wager That Biggest Glut in Five Years Is Ending: Commodities

20/01/2012 - 13:23
Traders are betting that the biggest sugar glut since 2007 will shrink in the next harvest, reversing expectations from six months ago and ending the largest decline in prices in a decade. read more
Electronics Frenzy Tops $1T as Tin Rallies

Electronics Frenzy Tops $1T as Tin Rallies

17/01/2012 - 08:13
Sales of consumer electronics from smartphones to digital cameras will exceed $1 trillion for the first time this year, driving tin consumption higher just as stockpiles of the metal slump to a 33-month low.  read more
Kraft to invest in chocolate in India

Kraft to invest in chocolate in India

06/12/2011 - 08:28
Kraft Foods has boosted spending in India by more than half, targeting annual sales growth of 30 percent for chocolate, a product it expects to resist any consumer slump.  read more
Cotton prices set for big fall

Cotton prices set for big fall

05/12/2011 - 08:54
Falling consumption and a record crop will see cotton prices fall significantly next year according to analysts of the cotton market as stockpiles reach their biggest since 2005. read more
India shelves plans to open retail sector

India shelves plans to open retail sector

05/12/2011 - 08:34
Giants like Walmart blocked from India until consensus can be reached, pro-foreign lobby says move will send a "bad signal" to investors read more
Local sourcing and the foreign retailers' Indian dilemma

Local sourcing and the foreign retailers' Indian dilemma

02/12/2011 - 09:04
Like the opening of a new superstore in town, the world's largest retailers have been queuing up to get access to the as-yet-closed-off Indian market. But when last week the Indian government announced it would be flinging wide the doors for foreign investment, the Wal-Marts and the Carrefours had plenty to worry about. read more
Indian premier sticks by retail market opening

Indian premier sticks by retail market opening

30/11/2011 - 09:32
Indian Prime Minister Manmohan Singh has rejected calls to reverse major retail market reforms, saying the entry of foreign supermarket giants would help modernise the $450 billion (R3.8 trillion) sector and fight stubbornly high inflation. read more
Cost of SA exports to rise on EU shipping tax

Cost of SA exports to rise on EU shipping tax

28/11/2011 - 08:22
Exports to the European Union (EU) are set to become more expensive when proposals to introduce a shipping tax next year are adopted by the bloc, trade policy analyst Peter Draper said yesterday. read more
India approves FDI in supermarkets

India approves FDI in supermarkets

28/11/2011 - 07:58
New Delhi - India will open the country’s retail industry to foreign supermarkets, a cabinet minister told reporters on Thursday, a much-delayed reform expected to help unclog supply bottlenecks and ease inflation over time. read more