Amazon expands its online grocery business to India

Amazon is expanding its online grocery business to India as part of its plans for the fast-growing market, the company announced Thursday. The move comes one day after Amazon launched its biggest campus in the world in Hyderabad, India, according to Reuters. The company has invested roughly $5 billion in the first five years of its business there, according to BloombergQuint. Last year, CNBC affiliate CNBC TV-18 reported the company is set to invest another $2 billion in the country. While India


Amazon is expanding its online grocery business to India as part of its plans for the fast-growing market, the company announced Thursday. The move comes one day after Amazon launched its biggest campus in the world in Hyderabad, India, according to Reuters. The company has invested roughly $5 billion in the first five years of its business there, according to BloombergQuint. Last year, CNBC affiliate CNBC TV-18 reported the company is set to invest another $2 billion in the country. While India
Amazon expands its online grocery business to India Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-22  Authors: lauren feiner
Keywords: news, cnbc, companies, region, invested, local, india, companies, according, grocery, expands, amazon, online, company, business, reported


Amazon expands its online grocery business to India

Amazon Founder and CEO Jeff Bezos addresses the audience during a keynote session at the Amazon Re:MARS conference on robotics and artificial intelligence at the Aria Hotel in Las Vegas, Nevada on June 6, 2019.

Amazon is expanding its online grocery business to India as part of its plans for the fast-growing market, the company announced Thursday.

Amazon Fresh will be available to customers in some parts of Bengaluru through its main India website and app, the company said, and it will later be rolled out to other cities. The service will deliver groceries within two hours between 6 a.m. and midnight, according to a press release.

The move comes one day after Amazon launched its biggest campus in the world in Hyderabad, India, according to Reuters. The campus will serve as an outpost for 15,000 employees and sprawl over 9.5 acres, Reuters reported, saying the company currently has 62,000 employees in the country.

Amazon has already invested heavily in India, with hundreds of open positions listed in the region as of January, including in its retail and marketplace divisions. The company has invested roughly $5 billion in the first five years of its business there, according to BloombergQuint. Last year, CNBC affiliate CNBC TV-18 reported the company is set to invest another $2 billion in the country.

While India’s large population represents a huge opportunity for Amazon, local regulations could also slow down its growth in the region. India’s new e-commerce law came into effect in February, banning companies like Amazon and its local competitor Flipkart from selling products from companies in which they have an equity stake. Analysts estimated the rules would have a short-term impact on the e-commerce companies while they build new models to comply with the rules.

Subscribe to CNBC on YouTube.

WATCH: How America’s biggest grocer is fighting back against Amazon and Walmart


Company: cnbc, Activity: cnbc, Date: 2019-08-22  Authors: lauren feiner
Keywords: news, cnbc, companies, region, invested, local, india, companies, according, grocery, expands, amazon, online, company, business, reported


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Amazon opens its biggest global campus in India

Amazon has 62,000 employees in India, roughly a third of whom are based in Hyderabad. “The investment to create an office of this size indicates that we are going to continue to grow,” Amazon India country manager Amit Agarwal told Reuters on Wednesday. The company’s vice president of global real estate and facilities, John Schoettler, said the Hyderabad campus would host employees across divisions, including Amazon Web Services. In late December, India modified rules around foreign direct inves


Amazon has 62,000 employees in India, roughly a third of whom are based in Hyderabad. “The investment to create an office of this size indicates that we are going to continue to grow,” Amazon India country manager Amit Agarwal told Reuters on Wednesday. The company’s vice president of global real estate and facilities, John Schoettler, said the Hyderabad campus would host employees across divisions, including Amazon Web Services. In late December, India modified rules around foreign direct inves
Amazon opens its biggest global campus in India Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-21
Keywords: news, cnbc, companies, india, ecommerce, biggest, amazon, company, operations, hyderabad, prime, investment, opens, global, campus, employees


Amazon opens its biggest global campus in India

Jeff Bezos, right, CEO of Amazon, is presented with the 2016 USIBC Global Leadership Award by Indian Prime Minister Narendra Modi during the 41st Annual Leadership Summit at the Mellen Auditorium, June 7, 2016 in Washington.

Amazon on Wednesday 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.

The move comes months after the Seattle-based company scrapped plans to build a major outpost in New York, blaming opposition from local leaders. Amazon picked Arlington, Virginia, as the site for its upcoming second headquarters.

The new campus in India, spread over 9.5 acres and costing “hundreds of millions of dollars”, will house over 15,000 employees, the company said. Amazon has 62,000 employees in India, roughly a third of whom are based in Hyderabad.

“The investment to create an office of this size indicates that we are going to continue to grow,” Amazon India country manager Amit Agarwal told Reuters on Wednesday.

The company’s vice president of global real estate and facilities, John Schoettler, said the Hyderabad campus would host employees across divisions, including Amazon Web Services.

India is considered the last major growth market for the e-commerce giant, but it faces increasing competition from local players. Founder Jeff Bezos has committed an investment of over $5 billion for India operations as the company seeks to fend off competition from Walmart Inc’s e-commerce unit Flipkart.

Amazon has also been exploring other possible tie-ups with brick-and-mortar retailers in the country.

In late December, India modified rules around foreign direct investment in e-commerce, adding to hurdles for Amazon and Flipkart.

Amazon started operations in India in 2004 from Hyderabad, but it launched its retail operations only in 2013.

The company has since added video streaming and grocery delivery services under its Prime offerings and is also working on a restaurant food delivery service.

WATCH: Why Danone’s dairy division failed in India


Company: cnbc, Activity: cnbc, Date: 2019-08-21
Keywords: news, cnbc, companies, india, ecommerce, biggest, amazon, company, operations, hyderabad, prime, investment, opens, global, campus, employees


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

To meet future energy demands, India is promising a push toward sustainability

Home to more than 1 billion people, India is a huge economic, political and cultural force and when it comes to renewable energy, Prime Minister Narendra Modi’s government has ambitious plans. In June 2019, Anand Kumar, the secretary of India’s Ministry of New and Renewable Energy, said the country planned to have 500 gigawatts of renewable energy capacity by 2030. “TERI is all about providing innovations for sustainable development,” Ajay Mathur, the director general of the organization, told C


Home to more than 1 billion people, India is a huge economic, political and cultural force and when it comes to renewable energy, Prime Minister Narendra Modi’s government has ambitious plans. In June 2019, Anand Kumar, the secretary of India’s Ministry of New and Renewable Energy, said the country planned to have 500 gigawatts of renewable energy capacity by 2030. “TERI is all about providing innovations for sustainable development,” Ajay Mathur, the director general of the organization, told C
To meet future energy demands, India is promising a push toward sustainability Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-16  Authors: anmar frangoul
Keywords: news, cnbc, companies, demands, system, told, teri, promising, meet, india, sustainable, sustainability, organization, director, energy, innovations, push, sectors, future, renewable


To meet future energy demands, India is promising a push toward sustainability

Home to more than 1 billion people, India is a huge economic, political and cultural force and when it comes to renewable energy, Prime Minister Narendra Modi’s government has ambitious plans.

In June 2019, Anand Kumar, the secretary of India’s Ministry of New and Renewable Energy, said the country planned to have 500 gigawatts of renewable energy capacity by 2030.

Based in New Delhi, The Energy and Resources Institute (TERI), is an independent organization that wants to drive India toward energy use that is less damaging to the planet, among other things.

“TERI is all about providing innovations for sustainable development,” Ajay Mathur, the director general of the organization, told CNBC’s Sustainable Energy.

“Innovations in technology, innovations in policy, innovations in business models,” Mathur added. “What we want to do is to help users to be comfortable with more sustainable options and be able to use them so that they become the preferred option.”

One area that TERI focuses on is the sustainable development of buildings. It has come up with a rating system called the Green Rating for Integrated Habitat Assessment, or GRIHA. The GRIHA system aims to quantify things such as renewable energy adoption, waste generation and energy consumption.

“We are working towards pushing the boundaries to make sure that the buildings that come up in the future should be more efficient than the ones we have as of now, or have been built in the past,” Sanjay Seth, a senior director at TERI’s Sustainable Habitat Division, said.

TERI focuses on several sectors, from the built environment to agriculture, the climate and energy. Future Earth is another organization focusing on sustainability. Its executive director is Amy Luers.

“We need to work across a wide range of sectors and in between those sectors,” Luers told CNBC. “It’s only by taking the systems-based approach that we’re going to be able to address the large, complex, global sustainability challenges we face today.”


Company: cnbc, Activity: cnbc, Date: 2019-08-16  Authors: anmar frangoul
Keywords: news, cnbc, companies, demands, system, told, teri, promising, meet, india, sustainable, sustainability, organization, director, energy, innovations, push, sectors, future, renewable


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

India’s 5 best paying tech jobs right now

India’s booming IT scene is creating a wealth of high paying opportunities, according to a new study identifying the country’s five most lucrative tech professions right now. The new report from jobs site Indeed found that technology roles in India have grown consistently over the past five years, as more companies are expanding their IT capabilities. Technology jobs in India increased by 8% in the five years from February 2014 to February 2019, the study found, based on posts to its jobs site.


India’s booming IT scene is creating a wealth of high paying opportunities, according to a new study identifying the country’s five most lucrative tech professions right now. The new report from jobs site Indeed found that technology roles in India have grown consistently over the past five years, as more companies are expanding their IT capabilities. Technology jobs in India increased by 8% in the five years from February 2014 to February 2019, the study found, based on posts to its jobs site.
India’s 5 best paying tech jobs right now Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-15  Authors: karen gilchrist
Keywords: news, cnbc, companies, right, site, approx, past, best, study, jobs, rupees, paying, tech, india, technology, based, indias


India's 5 best paying tech jobs right now

India’s booming IT scene is creating a wealth of high paying opportunities, according to a new study identifying the country’s five most lucrative tech professions right now.

The new report from jobs site Indeed found that technology roles in India have grown consistently over the past five years, as more companies are expanding their IT capabilities. What’s more, employers are willing to pay well for top talent who can lead the way, particularly in the fields of development, analytics and data.

Technology jobs in India increased by 8% in the five years from February 2014 to February 2019, the study found, based on posts to its jobs site. In the past year alone, technology job postings on the site shot up by a dramatic 31%.

Median annual salaries, meanwhile, rose to around 1,500,000 rupees (approx. $21,100) for tech workers based in India and earning in rupees. That ranks them among some of the highest earners in a country with an average per capita annual income of 79,882 Indian rupees (approx. $1,119.60).

The majority of jobs were concentrated in the vibrant tech city of Bengaluru (25%), followed by Pune (9%), Hyderabad (8%), Chennai (7%) and Mumbai (5%).


Company: cnbc, Activity: cnbc, Date: 2019-08-15  Authors: karen gilchrist
Keywords: news, cnbc, companies, right, site, approx, past, best, study, jobs, rupees, paying, tech, india, technology, based, indias


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Hundreds chant anti-India slogans in seething Kashmir on eve of Muslim holy festival

Pakistani Christian shout slogans in support of Kashmiris at a rally in the connection of the country Independence Day in Quetta on August 11, 2019, after the Indian government stripped Jammu and Kashmir of its autonomy. Angry Kashmiris gathered at a mosque in Srinagar’s Soura neighborhood after afternoon prayers on Sunday and began shouting anti-India slogans, according to two Reuters witnesses. Protesters carried a large banner carrying the words “Save Article 35A,” referring to the constituti


Pakistani Christian shout slogans in support of Kashmiris at a rally in the connection of the country Independence Day in Quetta on August 11, 2019, after the Indian government stripped Jammu and Kashmir of its autonomy. Angry Kashmiris gathered at a mosque in Srinagar’s Soura neighborhood after afternoon prayers on Sunday and began shouting anti-India slogans, according to two Reuters witnesses. Protesters carried a large banner carrying the words “Save Article 35A,” referring to the constituti
Hundreds chant anti-India slogans in seething Kashmir on eve of Muslim holy festival Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-12
Keywords: news, cnbc, companies, eve, slogans, indian, soura, kashmirs, holy, jammu, hundreds, chant, india, seething, antiindia, kashmiris, marching, kashmir, region, festival, muslim


Hundreds chant anti-India slogans in seething Kashmir on eve of Muslim holy festival

Pakistani Christian shout slogans in support of Kashmiris at a rally in the connection of the country Independence Day in Quetta on August 11, 2019, after the Indian government stripped Jammu and Kashmir of its autonomy.

Hundreds of people protested in Kashmir’s main city of Srinagar on Sunday against India’s decision to curb its autonomy, despite new restrictions on travel and a seventh straight day of communications blackout.

Restrictions that had been temporarily eased on Friday and Saturday — allowing some bakeries, pharmacies and fruit shops to open ahead of the Muslim holy festival of Eid al-Adha — were reinstated in major parts of the city on Sunday afternoon.

Police vans drove around some areas ordering people to shut shop and go home, and most streets were silent by evening, as thousands of troops kept vigil, witnesses said.

Indian Prime Minister Narendra Modi’s government locked down the Muslim-majority region last Sunday, cutting off communications, detaining more than 300 political leaders and activists, and putting a “virtual curfew” into force with numerous roadblocks stopping movement.

Seeking to tighten its grip on the region also claimed by neighboring Pakistan, India announced last Monday that it was scrapping Jammu and Kashmir’s right to frame its own laws and allowed non-residents to buy property there.

Angry Kashmiris gathered at a mosque in Srinagar’s Soura neighborhood after afternoon prayers on Sunday and began shouting anti-India slogans, according to two Reuters witnesses.

Protesters carried a large banner carrying the words “Save Article 35A,” referring to the constitutional provision that India revoked last week. A swarm of women and girls in colourful headscarves followed the marching men.

“What do we want? Freedom! When do we want it? Now!” the crowd shouted, marching around the neighborhood.

Some of them held up paper banners, including one that read: “Modi, Kashmir is not your father’s property.”

India’s Home Ministry did not immediately respond to a request for comment. The demonstration in Soura followed a much larger protest in the same area on Friday, when pro-independence youths marched before being repelled by tear gas and pellets.

Leaders in Kashmir had warned of a backlash against the stripping of autonomy in a territory where militants have been fighting Indian rule for nearly 30 years, resulting in the deaths of more than 50,000 people.


Company: cnbc, Activity: cnbc, Date: 2019-08-12
Keywords: news, cnbc, companies, eve, slogans, indian, soura, kashmirs, holy, jammu, hundreds, chant, india, seething, antiindia, kashmiris, marching, kashmir, region, festival, muslim


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Pakistan reacts to India’s revoking of Kashmir’s special status amid rising tensions

Pilgrims with their luggage seen going to the railway station during restrictions on Aug. 5, 2019 in Jammu, India. Nitin Kanotra | Hindustan Times | Getty ImagesPakistan has blamed India for illegally scrapping Kashmir’s special status, as tensions rise between the two nations. On Monday, Pakistan government said that New Delhi’s move to revoke a special status granted to the Indian state of Jammu and Kashmir was in breach of international law. Jammu and Kashmir is India’s only Muslim-majority s


Pilgrims with their luggage seen going to the railway station during restrictions on Aug. 5, 2019 in Jammu, India. Nitin Kanotra | Hindustan Times | Getty ImagesPakistan has blamed India for illegally scrapping Kashmir’s special status, as tensions rise between the two nations. On Monday, Pakistan government said that New Delhi’s move to revoke a special status granted to the Indian state of Jammu and Kashmir was in breach of international law. Jammu and Kashmir is India’s only Muslim-majority s
Pakistan reacts to India’s revoking of Kashmir’s special status amid rising tensions Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-06  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, kashmirs, reacts, indias, rising, state, pakistan, tensions, amid, india, told, special, kashmir, jammu, international, indian, region, revoking, status


Pakistan reacts to India's revoking of Kashmir's special status amid rising tensions

Pilgrims with their luggage seen going to the railway station during restrictions on Aug. 5, 2019 in Jammu, India. Nitin Kanotra | Hindustan Times | Getty Images

Pakistan has blamed India for illegally scrapping Kashmir’s special status, as tensions rise between the two nations. On Monday, Pakistan government said that New Delhi’s move to revoke a special status granted to the Indian state of Jammu and Kashmir was in breach of international law. The Indian High Commissioner to Pakistan, Ajay Bisaria, was summoned by Islamabad’s ministry of foreign affairs. During that meeting, “the Foreign Secretary conveyed Pakistan’s unequivocal rejection of these illegal actions as they are in breach of international law and several UN Security Council resolutions,” Pakistan’s foreign ministry said in a statement. On Monday, Interior Minister Amit Shah told India’s parliament that the central government would scrap Article 370, a constitutional provision that allows Jammu and Kashmir to make its own laws and grants special rights and privileges to permanent residents of the state. The order was subsequently approved by the Indian president. Jammu and Kashmir is India’s only Muslim-majority state and is part of the broader disputed Kashmir region. Pakistan called for a joint session of its parliament on Tuesday while the country’s army chief summoned an important conference to discuss regional security, local media reported. Analysts told CNBC that Monday’s move in New Delhi will likely intensify the animosity between the nuclear-powered rivals who’ve fought multiple wars over Kashmir.

International pressure

Pakistan will likely increase diplomatic pressure on India by turning to the international community, experts said. “They will continue to raise this at multilateral forums, including the UN General Assembly, to bring diplomatic attention back to India’s actions,” Akhil Bery, South Asia analyst at risk consultancy Eurasia Group, told CNBC. India deployed tens of thousands of troops across the Kashmir Valley in anticipation of a backlash. Authorities also banned public movements, shut down schools and colleges indefinitely and put two former chief ministers of the state under house arrest ahead of the announcement. Moeed Yusuf, associate vice president of the Asia Center at the U.S. Institute of Peace, told CNBC that there will likely be “strong resistance” from locals inside India-controlled Kashmir. “If that happens, Pakistan is surely going to up the diplomatic temperature to raise UN concerns about the human rights aspects of the Indian crackdown,” he said. Bery added that many Kashmiris believe the special provisions are crucial to their identity and they have “long been weary of a strong influence from Delhi.”

Greater military activity along the border

Analysts said they expect greater military activity along the so-called Line of Control, which is the de facto border between the Indian and Pakistani parts of Kashmir, and more unrest in the region. Islamabad said Monday it would “exercise all possible options” to counter the move.

“It’s important to keep in mind that in Kashmir, there’s actually two levels — there’s a domestic level, which is between the central government and the state of (Jammu and) Kashmir. Then, there’s an international component between India and Pakistan,” Faisel Pervaiz, South Asia analyst at Stratfor, told CNBC’s “Squawk Box ” on Tuesday. Both Pakistan and India lay claim to the region in full but control only parts of it. Within the India-controlled region of Kashmir, an insurgency began in the late 1980s when some fought to join Pakistan and some fought for independence. India has accused Pakistan of backing separatists by arming and training them. Islamabad denies that and says it only offers political support to the Kashmiri people, according to Reuters. International agencies have raised concerns over violence and human rights in India-controlled Jammu and Kashmir, as well as in the Pakistan-controlled regions of Azad Kashmir and Gilgit-Baltistan. “There is a long-running insurgency in Kashmir and the question is that is there going to be an uptick in attacks?” Pervaiz said. “Because as we saw back in February, when an uptick in attack happens, that can rapidly escalate tensions.” In February, India and Pakistan carried out air strikes in each others’ territories after a terrorist attack in India-controlled Kashmir killed more than 40 security officers.

The US position


Company: cnbc, Activity: cnbc, Date: 2019-08-06  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, kashmirs, reacts, indias, rising, state, pakistan, tensions, amid, india, told, special, kashmir, jammu, international, indian, region, revoking, status


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

India successfully launches a rocket to the Moon’s shadowy far side in hunt for water

India has successfully launched a rocket carrying a spacecraft it hopes to touch down on the moon in 48 days’ time. India is attempting to land on the moon’s shadowy South Pole, where it is believed the surface may contain ice water. The rocket is carrying an orbiter, which will detach from the rocket and carry on to the moon. After circling the Moon, the un-manned lander will then be released down toward the South Pole landing spot. To date, the United States is the only country to have success


India has successfully launched a rocket carrying a spacecraft it hopes to touch down on the moon in 48 days’ time. India is attempting to land on the moon’s shadowy South Pole, where it is believed the surface may contain ice water. The rocket is carrying an orbiter, which will detach from the rocket and carry on to the moon. After circling the Moon, the un-manned lander will then be released down toward the South Pole landing spot. To date, the United States is the only country to have success
India successfully launches a rocket to the Moon’s shadowy far side in hunt for water Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-22  Authors: david reid
Keywords: news, cnbc, companies, rocket, india, surface, pole, water, satish, mission, space, shadowy, far, moon, hunt, lander, successfully, lunar, launches, south, moons


India successfully launches a rocket to the Moon's shadowy far side in hunt for water

Visitors take photos with their mobile phone of a TV screen showing the launch of Chandrayaan – 2 at the Satish Dhawan Space Centre in Sriharikota, an island off the coast of southern Andhra Pradesh state, at the Nehru Planetarium in New Delhi on July 22, 2019.

India has successfully launched a rocket carrying a spacecraft it hopes to touch down on the moon in 48 days’ time.

The Indian Space Research Organisation (ISRO) confirmed that its heavy lift rocket carrying Chandrayaan-2 (meaning lunar vehicle in English) took off from the Satish Dhawan Space Center off the Bay of Bengal coast in South East India, at 2:43 p.m. local time.

If successful, the unmanned mission will be only the second in history to land on the far side of the moon. The first was as recently as January 2019 when the Chinese Chang’e 4 spacecraft touched down.

India is attempting to land on the moon’s shadowy South Pole, where it is believed the surface may contain ice water.

The rocket is carrying an orbiter, which will detach from the rocket and carry on to the moon. A lander which will in turn eject down toward the surface of the moon and, assuming a stable landing, a rover module will exit the lander and use its 50-watts of power to meander on the surface. The rover, named Pragyan, will then look for evidence of water molecules.

The touch down on the moon is planned for September 6.

The rocket, while India’s most powerful, does not have the energy to launch the orbiter on a direct path to the moon. Instead, Chandrayaan-2 will separate from the rocket and then orbit the Earth several times, widening the orbit each time until it is pulled into the Moon’s gravitational pull. After circling the Moon, the un-manned lander will then be released down toward the South Pole landing spot.

The mission’s lander is called Vikram, named after Vikram Sarabhai who is widely regarded as the father of the Indian space program.

The cost of the mission is quoted as 9.78 billion rupees ($141 million), according to the Times of India.

The Chandrayaan-2 mission is under the stewardship of two women. Doctor Muthaya Vanitha has been running the project to launch stage. She has now handed over the reins to Mission Director Ritu Karidhal. All of the mission is autonomous and controlled from Earth under Karidhal’s supervision.

India launched its first lunar probe, Chandrayaan-1, in 2008 from the same Satish Dhawan Space Center. That mission saw a Moon impact probe launched from the orbiting craft which struck the lunar South Pole, placing India as the fourth country to plant a flag on the moon.

To date, the United States is the only country to have successfully conducted crewed missions to the Moon, with the last departing the lunar surface in December 1972.


Company: cnbc, Activity: cnbc, Date: 2019-07-22  Authors: david reid
Keywords: news, cnbc, companies, rocket, india, surface, pole, water, satish, mission, space, shadowy, far, moon, hunt, lander, successfully, lunar, launches, south, moons


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

How dairy behemoth Danone failed to win India’s 1.35 billion dairy lovers

India is the world’s top producer and consumer of dairy — in 2018 alone, the country’s 75 million dairy farmers produced 410 billion pounds of milk, about 22% of global production. With this and its dairy-heavy diet of curries and yogurt drinks, the giant French dairy company Danone hoped to find success in the country, opening its own production line in 2011. But this division failed to account for more than 10% of its sales in India, the vast majority instead coming from its “specialized nutri


India is the world’s top producer and consumer of dairy — in 2018 alone, the country’s 75 million dairy farmers produced 410 billion pounds of milk, about 22% of global production. With this and its dairy-heavy diet of curries and yogurt drinks, the giant French dairy company Danone hoped to find success in the country, opening its own production line in 2011. But this division failed to account for more than 10% of its sales in India, the vast majority instead coming from its “specialized nutri
How dairy behemoth Danone failed to win India’s 1.35 billion dairy lovers Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-19  Authors: karin shedd
Keywords: news, cnbc, companies, vast, lovers, production, billion, dairy, indias, danone, 135, company, behemoth, success, yogurt, specialized, india, worlds, failed, win


How dairy behemoth Danone failed to win India's 1.35 billion dairy lovers

India is the world’s top producer and consumer of dairy — in 2018 alone, the country’s 75 million dairy farmers produced 410 billion pounds of milk, about 22% of global production. With this and its dairy-heavy diet of curries and yogurt drinks, the giant French dairy company Danone hoped to find success in the country, opening its own production line in 2011.

But this division failed to account for more than 10% of its sales in India, the vast majority instead coming from its “specialized nutrition” segment. Analysts say that India’s highly localized, fractured dairy industry confounded Danone, a company accustomed to the relatively more consolidated dairy industries of the U.S., where it goes by the name “Dannon,” and its native France.

Watch more:


Company: cnbc, Activity: cnbc, Date: 2019-07-19  Authors: karin shedd
Keywords: news, cnbc, companies, vast, lovers, production, billion, dairy, indias, danone, 135, company, behemoth, success, yogurt, specialized, india, worlds, failed, win


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Trump says India tariffs on American products are ‘no longer acceptable’

President Donald Trump said Tuesday the U.S. needs to stand up to India on the trade front. In a tweet, Trump said: “India has long had a field day putting Tariffs on American products. The iShares MSCI India ETF (INDA) ETF fell more than 1% in the premarket after the tweet was sent. Earlier this year, the Trump administration stripped India of a preferential status that exempted billions of dollars worth of products made there from U.S. levies. India has tariffs on U.S. products such as Harley-


President Donald Trump said Tuesday the U.S. needs to stand up to India on the trade front. In a tweet, Trump said: “India has long had a field day putting Tariffs on American products. The iShares MSCI India ETF (INDA) ETF fell more than 1% in the premarket after the tweet was sent. Earlier this year, the Trump administration stripped India of a preferential status that exempted billions of dollars worth of products made there from U.S. levies. India has tariffs on U.S. products such as Harley-
Trump says India tariffs on American products are ‘no longer acceptable’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-09  Authors: fred imbert
Keywords: news, cnbc, companies, longer, trump, tariffs, harleydavidson, trade, indias, acceptable, india, worth, etf, products, donald, american


Trump says India tariffs on American products are 'no longer acceptable'

India’s Prime Minister Narendra Modi (R) and US President Donald Trump during a meeting in the sidelines of the G20 Leaders’ Summit in Buenos Aires, on November 30, 2018.

President Donald Trump said Tuesday the U.S. needs to stand up to India on the trade front.

In a tweet, Trump said: “India has long had a field day putting Tariffs on American products. No longer acceptable!”

The iShares MSCI India ETF (INDA) ETF fell more than 1% in the premarket after the tweet was sent. It later recovered to trade along the flatline, however.

Earlier this year, the Trump administration stripped India of a preferential status that exempted billions of dollars worth of products made there from U.S. levies. “I have determined that India has not assured the United States that India will provide equitable and reasonable access to its markets,” Trump said in a proclamation.

India has tariffs on U.S. products such as Harley-Davidson motorcycles and U.S.-grown apples, among others. In June, Trump said India’s 50% levy on Harley-Davidson bikes was “unacceptable.”

The latest escalation comes as the U.S. tries to broker a trade deal with China. U.S. officials are expected to meet with Chinese trade negotiators this week.


Company: cnbc, Activity: cnbc, Date: 2019-07-09  Authors: fred imbert
Keywords: news, cnbc, companies, longer, trump, tariffs, harleydavidson, trade, indias, acceptable, india, worth, etf, products, donald, american


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

India hopes making electric vehicles cheaper will get more people to buy them

India is pushing to become a global manufacturing hub for electric vehicles after the government offered financial incentives to spur demand and eased several regulatory restrictions. Finance Minister Nirmala Sitharaman last Friday presented the country’s new budget where she said her government will provide additional income tax deduction of 150,000 rupees (about $2,185) on the interest paid on loans to purchase electric vehicles. “The government is trying to create demand, to spur demand, and


India is pushing to become a global manufacturing hub for electric vehicles after the government offered financial incentives to spur demand and eased several regulatory restrictions. Finance Minister Nirmala Sitharaman last Friday presented the country’s new budget where she said her government will provide additional income tax deduction of 150,000 rupees (about $2,185) on the interest paid on loans to purchase electric vehicles. “The government is trying to create demand, to spur demand, and
India hopes making electric vehicles cheaper will get more people to buy them Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-08  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, electric, targeting, vehicles, buy, india, manufacturers, rupees, demand, hopes, making, youre, cheaper, spur, gupta


India hopes making electric vehicles cheaper will get more people to buy them

India is pushing to become a global manufacturing hub for electric vehicles after the government offered financial incentives to spur demand and eased several regulatory restrictions.

Finance Minister Nirmala Sitharaman last Friday presented the country’s new budget where she said her government will provide additional income tax deduction of 150,000 rupees (about $2,185) on the interest paid on loans to purchase electric vehicles. Electric vehicle buyers can accrue around 250,000 rupees in total benefits over their entire loan period, she said.

“The government is trying to create demand, to spur demand, and thus help (original equipment manufacturers),” Puneet Gupta, associate director of automotive forecasting at IHS Markit, told CNBC. Gupta explained that car manufacturers in India have said that the lack of demand deters them from producing higher quantities of electric vehicles.

“I think the first thing is to kickstart the demand because, right now, if you see, we’re selling less than 2,000 electric vehicles in a year, which is almost negligible,” Gupta said, adding that India has about 4 million light vehicles — cars, SUVs, and light trucks — today. “You’re not targeting the mass, you’re still targeting a limited population.”


Company: cnbc, Activity: cnbc, Date: 2019-07-08  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, electric, targeting, vehicles, buy, india, manufacturers, rupees, demand, hopes, making, youre, cheaper, spur, gupta


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post