Shrivallabh Pittie Group, a leading textile manufacturer in India, will build its first U.S.-based manufacturing facility near Sylvania, creating 250 jobs and investing $70 million.
Taiwanese maker HTC Wednesday said it will be adding about 3,000 outlets in the next six months.
The $160 million that Flipkart has received in its latest round of funding is a big deal for the company, but a drop in parched sands for the e-commerce industry.
Tesco has moved a step closer to entering the $450-billion Indian retail market with Tatas.
Global retail giant Wal-Mart will be a ‘speck’ in India’s market and its absence won’t make a huge difference.
Monday, October 14, 2013 ABOUT US CONTACT US ADVERTISE WITH US FOLLOW US ON Home J&K Jammu Kashmir Editorial Opinion Letters Columnist India World Sports Business Technology Auto Opinion COLUMN Rahul’s leadership by theatrics Congress’s identity crisis Congress vice president Rahul Gandhi has succeeded, as expected, in scuttling the odious ordinance which would have negated a recent Supreme Court judgment and enabled lawmakers to hold on to their seats despite being sentenced to jail for two years or more. It took the Union cabinet a mere five minutes to withdraw the ordinance. Click here to view full article
A few years ago, Pakistan made an extraordinary proposal to Afghanistan regarding the extraction and marketing of Afghan mineral wealth which is, according to the United States Geological Survey, worth around $1 trillion. It suggested that an Afghan, Pakistani and Chinese consortium be established to undertake this activity. It was a serious and thought out proposal for it was made by a very senior Pakistani Minister. The Afghans were not certain if Pakistan had taken China on board before making the sounding but some in Kabul saw this as a manifestation of a Sino-Pakistan nexus on Afghanistan. The Afghans Click here to view full article
Image: Toranj Kayvon C oco chanel, iconic french fashion designer and founder of the Chanel brand, had famously said: “Some people think luxury is the opposite of poverty. It is not. It is the opposite of vulgarity.” Ask Vikas Oberoi what luxury means to him and he inadvertently channels Chanel’s core values: Understated elegance, no fuss, less crass, more class. “For me, luxury is about excellent finish, great craftsmanship, appreciation of minute details, history and legacy. Whether it is watches, a bottle of wine, clothes, shoes, travel, where you travel and where you stay—it could be anything. Money is Click here to view full article
Syed Mansur Hashim That’s the lead news of the October 14 edition of The Financial Express . The Chinese contractor in charge of the four-lane highway from Dhaka to Chittagong has managed to construct 7.5km out of 140km over the last 20 months. The fact that the company has been experiencing financial difficulty seems to have eluded Roads and Highways Department officials during this period. It is interesting to say the least. Needless to say, the expansion of this crucial highway is of immense importance to the economy. The total length of the highway stands at 192km with majority Click here to view full article
Qwentyn Hunter MIAMI — MIAMI (AP) — A 6-year-old boy drowned in one of the pools aboard a Carnival Cruise Lines ship while at sea, the company said in a statement Monday. The Carnival Victory was on the last leg of a four-day Caribbean cruise Sunday when the boy drowned in the midship pool. He was at the pool area with other family members at the time, the statement said. “To the best of our knowledge it is the first time a child has drowned aboard one of our ships,” Carnival spokeswoman Joyce Oliva said in an email to Click here to view full article
Now Campbell Newman’s flagging a second casino in Brisbane and two additional licences elsewhere in Queensland, life just got tougher for Echo Entertainment. Click here to view full article
NEW DELHI: The Enforcement Directorate on Monday filed a case against the National Spot Exchange (NSEL) and other entities under the Prevention of Money Laundering Act (PMLA), adding to the string of investigations into the scam. Sources said the agency filed the case after receiving complaints from investors and information from the Economic Offences wing of the Mumbai police. “The investigations will now begin and we will call everybody whose name has been surfaced in the case. Right now, the focus is on tracing the money trail,” a source in the agency said. ED officials say the money most Click here to view full article
NAVI MUMBAI: After two months of meticulous investigation, the New Panvel police have arrested a driver and two receivers for theft of chemical powder worth Rs 54 lakhs. The accused are the driver Sheshnath Ramlal Yadav (27), who hails from Gangapur, Azamgarh district in U.P and the two receivers of the stolen chemical powder, Vinodkumar Parasnath Singh (30), a resident of Boisar, Thane district and Firoz Mohammad Abdul Wahab (39), residing in Sutarwadi, Talasari in Thane district. API K.Kokane said, ” The accused Sheshnath Yadav is the driver of the container from which he pilfered around 24 tones of Click here to view full article
A vegetable warehouse in a Moscow suburb, one of the main targets of anti-migrant rioters during a night of violent clashes in the area, is closed for five days, a consumer watchdog official said on Monday. A deputy head of Moscow’s department of consumer rights watchdog Rospotrebnadzor, Yelena Ignatova, said an unscheduled inspection has already revealed numerous sanitary violations in the facility. The head of Moscow’s Southern Administrative District, Georgy Smoleyevsky, said the authorities want to shut the base down and have no plans to reopen it at another location. “It is to be closed by a court ruling, Click here to view full article
Villordsutch reviews Star Trek: Khan #1… Star Trek: Khan #1 “Shall we begin?” A few of you may remember when this comic was first mentioned a few months back on Flickering Myth. Though the cynicism spewed from my mouth about rehashing of Khan’s history (as a Star Trek fan I’m more than aware that Paramount is looking for more ways to milk the cash from us) I was still interested in reading this comic. I rather enjoyed Star Trek Into Darkness and also Khan 2.0 – yes Ricardo Montalban with his few lines still wears the badge that reads, Click here to view full article
Oct 15 (Reuters) – Below are the ratings awarded by Credit Rating Information Service of India (CRISIL) for local debt instruments as of October 14, 2013. COMPANY INSTRUMENT RATING AMOUNT MOVEMENT (RS.MLN) —— ———- —— —– ——— SHORT TERM RATINGS: ——————- Alco Infotech Pvt Ltd BG CRISIL A4 1.5 Suspended Budge Budge Refineries Ltd BG CRISIL A4+ 5 Suspended Budge Budge Refineries Ltd Foreign LOC CRISIL A4+ 820 Suspended DG Estates Pvt Ltd BG CRISIL A4 10.8 Upgraded from CRISIL D Imperial Granites Pvt Ltd Export Packing CRISIL A4 50 Reaffirmed Credit Imperial Granites Pvt Ltd Foreign Bill CRISIL Click here to view full article
Rio Tinto share of production Rio Tinto interest 3Q 2012 4Q 2012 1Q 2013 2Q 2013 3Q 2013 9 MTHS 2012 9 MTHS 2013 URANIUM Production (’000 lbs U3O8) Energy Resources of Australia 68% 1,980 1,840 1,351 1,391 869 3,840 3,610 Rössing 69% 1,132 1,013 983 976 948 3,068 2,907 Rio Tinto total uranium production 3,112 2,853 2,334 2,366 1,817 6,907 6,517 Production data notes: (a) On 8 August 2013, Rio Tinto announced that Pacific Aluminium, including the Gove mine and alumina refinery, Bell Bay, Boyne Island, Tomago and Tiwai Point smelters, would be reintegrated in Rio Tinto Alcan. (b) Rio Tinto Click here to view full article
These commentators have often served up privatisation as an antidote to Air India’s agony. On October 5, aviation minister Ajit Singh joined the chorus. “Privatisation of Air India could be considered if there is political consensus. State funding cannot be endless,” he told The Times of India. Singh was gingerly treading on a cause celebre, but the statement still created a flutter. Some would see a minister pushing for privatisation akin to a patriarch selling family jewels. Predictably, the consensus that Singh sought came in the form of universal resistance by opposition lawmakers. Touchy Topic That wasn’t only why Click here to view full article
Nuntawan Sakuntanaga, director general of the International Trade Promotion Department, said the Commerce Ministry and the private sector have collaborated in setting Thailand’s 2020 vision to develop the country’s logistics system in order to boost trade, investment and export opportunities. The major objectives are to improve efficiency for speedy delivery, the physical flow of products, information flow, value added business activities relating to market demand, reducing cargo handling and carriage costs, and increasing core competitiveness. Thailand is geographically Southeast Asia’s transport centre with long coastlines, diverse business operators, land and air infrastructure availability, local entrepreneurs’ skills in domestic service Click here to view full article
NEW DELHI, October 13, 2013 Updated: October 13, 2013 22:51 IST Gargi Parsai India had to make its position clear in the wake of some of the World Trade Organisation countries questioning the huge stocks that the country is holding to provide subsidised foodgrains under the new legislation. India made it clear at the just-concluded Food and Agriculture Organisation (FAO) meeting of the Committee on World Food Security in Rome that the procurement of foodgrains and distribution under the new Food Security Act will not be substantially higher than the ongoing public distribution system, indicating that it will not Click here to view full article
Kareena Kapoor in Gori Tere Pyaar Mein NEW DELHI – Reliance Entertainment and veteran Bollywood banner Dharma Productions — headed by producer/director Karan Johar — have partnered in an international distribution deal for four of Dharma’s upcoming projects. Reliance Entertainment — part of the Reliance ADAG group which is equal partners with DreamWorks — will market and distribute the four Hindi film titles Gori Tere Pyaar Mein, Hassi Toh Phassi, Ungli and Humpty Sharma Ki Dulhaniya in overseas markets. The first title set for release is romantic drama Gori Tere Pyaar Mein , starring actress Kareena Kapoor and actor Click here to view full article
What is it about the financial capital of India that the basic infrastructure of roads is in such a state?
Wal-Mart Stores gave up on India’s huge market, announcindg that is has delayed its once-ambitious plans to open hundreds of superstores across the country.
India could emerge as the largest hub for sourcing of apparel and knitwear garments in the next five years.
The HSBC Trade Confidence Index reports a positive outlook for world trade prospects over the next six months, as companies expect demand to increase.
The Indian retail sector has witnessed an unprecedented growth over the last decade, driven by growth, rapid urbanisation and changing lifestyles of the Indian retail consumer.
UK’s leading retailer Tesco Plc is awaiting clarity on India’s policy on FDI in multi-brand retail trading before drawing up its plans for the country.
India will topple the United States as the world’s biggest importer of infrastructure goods by 2020 and is expected to hold this position till 2030.
India’s policies regarding sourcing and investments have put a question mark on prospective investments.
The troubled shipping industry in India finally has something to cheer about, although the uptrend is likely to be shortlived.
Private ports are growing fast in India.
The government today said industry should invest more in R&D, innovation and clusters development to compete with the likes of China.
Since mobile is a major part of its business, India will be a key market for PHICOMM.
French brand Lacoste plans to double the number of its retail outlets in India over the next four years.
C.H. Robinson Worldwide, the $11-billion TPL, expects revenue from India to double to nearly $100 million in the next three years.
Apple would like to set up “stores within stores” at existing retailers in India by ramping up efforts to get iPhones and iPads into the hands of consumers in India.
India could emerge as the largest hub for sourcing of apparel and knitwear garments in the next five years.
Indian Manufacturing sector to the overall GDP has remained stagnant at about 15 pc in the last 20 years.
Wal-Mart says retail plans with India’s Bharti ‘not tenable’.
It has been over 20 years since economic reforms began in India, but the manufacturing sector has hardly moved.
A manufacturing glitch that surfaced in 2011 continues to haunt Ford Motor’s best sellers Ford Figo and Fiesta Classic in India.
Japan will help India boost its manufacturing exports through a program designed to facilitate greater cooperation between the two countries.
In the last two decades, the Indian economy has emerged as one of the fastest growing economies yet its manufacturing sector has stagnated at about 16 per cent of GDP.
India has had better luck with single-brand retailers as government approves 173 million worth of FDI proposals.
India will bring about procurement reforms across the country as part of the National e-Governance Plan (NeGP).
Latif Nathani, Managing Director of eBay India outlines the roadmap for growth and customised solutions for the Indian market.
The challenges for logistics end users is making international trade less profitable for the companies.
Kishore Biyani, chief executive of Future Group, speaks about the retail sector, foreign direct investment and the state of the Indian economy.
The central government had approved major road projects in the state, including a six-lane flyover along the national highway.
Brenntag has signed an agreement to acquire the chemical distribution division of the biotechnology and manufacturing Zytex Group.
A manufacturing glitch that surfaced in 2011 continues to haunt Ford Motor’s best sellers Ford Figo and Fiesta Classic in India.
A new breed of Indian software companies is profiting from the hunger of smaller enterprises for cutting-edge technologies,
Chinese companies have agreed to procure products worth $ 338 million as part of a structured process of procurement of Indian goods.
India has emerged as the 7th largest market for Coca-Cola, one of the world’s best-known brands, after the soft drink re-entered the country two decades ago with an investment of over $2 billion to date and another $5 billion lined up by 2020.
Deutsche Bahn arm manages logistics for hi-tech goods The €39-billion Deutsche Bahn Group, or the German Railways, has identified India as a place for future investments, Reiner Allgeier, Managing Director, DB Schenker Logistics (India), a group company of Deutsche Bahn, told Business Line .
KOLKATA: Caparo Group has entered into a joint venture agreement with a supply chain management company Procam Logistics of India.
Finnish phone maker Nokia will not shut down its largest phone-manufacturing facility in Chennai, southern India.
Walmart , the world’s largest retailer by sales, has put its India expansion plans on hold as it deals with two compliance investigations and unease over the government&rsquo.
There is a 10-15% growth in India in contract logistics.
Luxury tax introductions on tablets and smartphones will shift part of the telecommunications supply chain to India.
According to sources, the representatives of the company had met Department of Industrial Policy and Promotion (DIPP) officials in the second week of this month and informed about the company’s stand on the contentious sourcing issue.
American automotive manufacturer Ford have announced plans to make India a central platform for their global vehicle production.
G4S International Logistics (G4Si), the world’s leading provider of insured and secured shipping solutions, and Sequel Logistics, India (Sequel).
The Shipping Ministry is expected to announce next week the final policy guidelines granting port operators the freedom to charge market-driven tariffs.
The company is planning a container freight station at Visakhapatnam A logistics services provider is joining India ‘s growing coastal shipping industry.
The Maharashtra government, in a serious bid to put in place a permanent mechanism, will conduct market survey and intelligence gathering for agricultural produce .
Bangalore: We need capital, no question about that.
Small Indian retail firm locked in legal scuffle for trademark with Gap By Abhaya Srivastava.
India’s National Center For Antarctic And Ocean Research has commissioned a brand new research station, which has been installed in the Larsmann Hills section of northeast Antarctica.
Dame Lucy Neville-Rolfe, former Executive Director of Corporate and Legal Affairs for Tesco, was speaking at a recent event held at Grant Thornton&rsquo.
India’s logistics sector is likely to cross the USD 200 billion by 2020, Minister of State for Road Transport Sarvey Sathyanarayana said today.
ABR Staff Writer Published 01 August 2013 VE Commercial Vehicles (VCEV), a joint venture between Swedish automaker Volvo and Indian firm Eicher Motors has commenced production at its new engine manufacturing plant at Pithampur.
CHENNAI: With automobile multinationals looking at India as a frugal engineering hub, Chennai has emerged as the most efficient component cluster beating both Gurgaon/Manesar and Pune/Chakan.
India ’s cabinet will today consider easing some requirements for foreign retailers investing in local supermarkets, according to two government officials familiar with the matter.
Tiger Logistics Limited has filed an IPO on BSE SME Platform.
At first glance, it looks like good news for India: an Indian carmaker announced this month that it sold more vehicles than ever last year.
Ship manufacturing has not taken deep root in India though the country has all the ingredients that go into the making of a successful shipbuilding nation…
It can be termed as a major milestone on the super highway that we call globalization.
“Studies have shown that around 100 mega vessels pass over this Wadge bank every day and yet there is not visible impact on the breeding activity…”
Others present at the inauguration of this new train service included Ghulam Nabi Azad, Union Health Minister and Omar Abdullah, Chief Minister of Jammu & Kashmir.
Homeworkers are an integral but often invisible part of the apparel supply chain.
According to a Forbes report, the finance ministry proposed significant changes to the current foreign direct investment, or FDI, policy that was passed last September…
A section of employees of telecom equipment maker Nokia Siemens Networks are on strike at its Chennai factory pressing for various demands, including increase in wages.
Apollo Tyres acquisition of American company Cooper Tire will not result in any low cost sourcing from India, top officials have indicated.
Danish company Danfoss will invest close to $100 million in India over the next two years.
This Tax Alert summarizes a recent ruling of the Karnataka High Court (HC) in the case of Nike Inc. (Taxpayer)…
Energy hungry India needs 15-20 new ships by 2017 to haul liquefied natural gas (LNG) to fire power, fertilizer and petrochemical plants.
Rachel Wilshaw feels conflicted about making a business case for human rights.
Turkey today sought enhancing cooperation with India in areas like research and development, tourism and manufacturing to boost trade and economic ties between the countries.
Hyper-V 3.0, VM high availability and disaster recovery Indian outsourcing body NASSCOM has labelled a new immigration bill being considered by the US as “discriminatory”.
India is aiming for a US$400 billion electronics manufacturing industry by 2020, which means the industry must increase by more than five times over the next seven years.
For retail players, stagnation and obsolescence are two sides of the same coin.
Barclays, the global lender, appointed John Winter its chief executive officer, corporate banking, in January 2010.
Villeroy & Boch AG on Thursday announced a joint venture with Genesis Luxury Fashion Pvt. Ltd.
Amid serious concerns among US businesses and lawmakers over intellectual property protection in India, a new report says clinical trials, infrastructure and policy…
Bangladesh and India have decided to develop their land ports for a cost-efficient and expeditious trading between the two neighbouring countries.
P&G purchased the land in July 2012 and construction on the manufacturing plant is on at full swing.
Delsey, a French luggage manufacturer, has chalked out an aggressive expansion plan to triple its business…
Amazon has launched a new online marketplace in India as it seeks to further establish itself in one of the world’s fastest growing ecommerce markets.
Logistics company Delhivery (SSL Logistics) has acquired offline cash collection network of Gharpay which has 750 clients , according to a report by iamwire.
If there is anyone whose rags-to-riches story is what dreams are made of, it’s Dayanand Agarwal’s. D.N. Agarwal, as he is better known, built his…
Venture and growth capital investor Norwest Venture Partners is picking up 14 per cent stake in the cold chain services firm Snowman Logistics Ltd…
Jasim Muhammed, a deliveryman for DHL in Dubai, plies the streets of Jebel Ali Free Zone.
Stockists of Novartis in the country’s most important regional market warned the company last year of unhealthy practices…
India is likely to simplify rules for FDI in multi-brand retail, according to a report by The Economic Times.
India Post on Tuesday announced starting logistic services in association with Air India at 15 airports in India.
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DP World and Jawaharlal Nehru Port held a ceremonial signing of the concession awarded to DP World to construct and operate a new container terminal at the port, yesterday.
Ford Motor Co. General Motors Co. Suzuki Motor Corp Renault S.A. and other global car makers are pumping billions of dollars into India…
Modern India is, in many ways, a success. Its claim to be the world’s largest democracy is not hollow.
Asked late last year about the market for Apple Inc. (APPL) products in India, Chief Executive Officer Tim Cook more or less wrote off the huge country.
Stalwart British brand Marks & Spencer has been accused by the Department of Industrial Policy & Promotion of violating…
DP World yesterday signed an agreement that allows it to go ahead with a US$200 million project to expand the capacity of one of India’s biggest trade gateways.
India’s e-commerce market has grown just 50 per cent over the last five years – but it is about to take off according to new research.
Contract logistics company DHL Supply Chain today said it has invested Rs 65 crore for developing a 320,000 sq ft warehouse in Delhi.
As part of an integrated Asia strategy, German automobile giant Daimler is developing its Indian commercial vehicle operation as an export hub.
With India joining the select group of billion plus club in freight movement, the focus has once again shifted on the prestigious Dedicated Freight Corridor (DFC).
For more than five years, nothing seems to have gone right for Jawaharlal Nehru (JN) port.
The Indian government has cleared a major multi-million dollar infrastructural proposal to establish two major ports respectively in the east and the south.
Gati Ltd. has sold a 40 percent stake in its shipping subsidiary, Gati Ship Pvt. Ltd., to a strategic partner for Rs. 8 crore.
Nissan India has said that the fire that broke at one of the logistics companies that stores its supplies will not affect production.
A ripple of mergers and closures among India’s e-commerce websites that began last year is threatening to become a wave.
Sourcing norm to apply to only 15% of Tesco’s product portfolio.
The company currently imports the recently launched Galaxy S4 from South Korea.
H&M is planning to open 50 stores in India to tap the country’s growing middle-class market.
IKEA, which has already been sourcing products from India over the last 25 years, initially plans to set up 10 stores.
Tamil Nadu chief minister J Jayalalithaa on Monday announced construction of 47 storage godowns across the state for agriculture produce at a cost of Rs 500 crore.
The world’s biggest retailer in sporting goods (including bikes) is investing USD130m in opening up a retail chain in India.
India’s industries suffer from chronic power cuts; exports are delayed because of poor roads and congested ports.
India will likely have at least one port and potentially two that handled 100 million tonnes (mt) or more of cargo.
Companies which compete in marketing and manufacturing must soon begin to cooperate in the field of supply chain management, not just to make profits but to survive.
India will soon see a startup warehouse coming across where technology startups can go and start their operations.
Japanese two-wheeler major Yamaha has set a target to sell 500,000 units this year as against 350,000 units in 2012.
UPLIFT has successfully transmitted one million EDI messages within a short span of 2 years.
Online retailers have long been debating which business model to follow when it comes to procurement of goods.
Dell announced that it will enhance its Chennai R&D investments by adding 200 more employees into its technical engineering workforce in FY 2014.
Global retailers, including Tesco and Sainsbury’s , have expressed keen interest in setting up multi-brand retail stores in the country.
The long-winded debate on deregulating rates at the dozen ports controlled by the Indian government and restoring investor confidence in the country port sector has reached the final stages.
After crying foul over acute scarcity of coal, state-run power generating companies (gencos) have begun facing the problem of plenty.
Hennes & Mauritz plans to spend around 100 million euros on an initial 50 stores in India
Himanshu Bhatnagar, founder and president of HB Software Solutions in Lowell, but he said something was missing: his own business…
Swedish supermarket chain Rusta AB has set up direct sourcing operations in India and will buy finished products worth Rs. 200 crore from the country in the next three years.
Tano India to invest Rs 80 cr in logistics firm Shree Shubham Logistics Ltd, which specializes in agri-logistics.
India Post is launching a delivery service for e-retailers adding that India Post will be building 20 mechanised warehouses and booking centres to handle the shipments from e-commerce companies
There is more to India’s supply chain scene than its transportation infrastructure shortcomings.
India has said that it’s ready to engage on an agreement on trade facilitation, which proposes time-bound clearance of certain types of consignments.
Under stagnancy in service throughput, Kolkata port is under yet another major threat of further losing its cargo volume in the newer future.
Road transport has emerged as a dominant part of the transport system in India and has come to occupy a pivotal position.