The revenue from cellular services in India is projected to exceed $37 billion growing by 18 per cent annually till 2012, IT research and advisory firm Gartner Inc says.
After gradually losing its share to exports in the last decade, the dome{tic IT market has rebounded with a 24 per cent growth in the last fiscal as against 17 per cent in software exports, according to Dataquest Top 20 survey.
Walmart, the world's largest retailer, is tripling its sourcing from India to about $10 billion a year by 2027, said Judith McKenna, president, and chief executive officer of Walmart International, the segment which includes the company's operations outside the US. "To achieve this, we are growing our sourcing team in India," said McKenna, during a fireside chat with YourStory founder Shradha Sharma at Converge@Walmart, the flagship event of Walmart Global Tech India. "Walmart has a 20-year history of sourcing from India and already exports more than $3 billion worth of Made-in-India goods each year to 14 markets worldwide." McKenna said the company has expertise in processes such as international standards and demand forecasting that businesses need to get ready to export.
However, it could take 3 years before operators are out of the red, given the large investments and tariff wars.
Consumer electronics major Philips India Limited has embarked upon a paradigm shift in its marketing strategy to arrest falling market share of colour televisions by tapping the rural and semi-urban areas.
BMW is all set to challenge Merc's No.1 position in India's premium car segment.
Indian animation industry has a potential to touch earn a revenue of over $1.5 billion by 2005 compared to the current $1 billion
During the third quarter of 2007, the overall Indian personal computer (notebooks and desktop combined) market grew 25.1 per cent year-on-year, in terms of unit shipments, to 1.8 million. For the same period last year, desktop PC shipments showed growth of 10.9 per cent.
Even as regulatory focus has zeroed in on foreign e-commerce giant Amazon, a domestic retail giant has been created almost below the radar in Reliance Retail (RR), one of the most crucial businesses for the group's future. From doorstep delivery of groceries, apparels to branded jewellery, medicines, toys, furniture to high street retailing, RR's presence in the world's fourth largest consumer market is just one part of the story.
Richest Indian Mukesh Ambani on Tuesday mentioned about leadership transition at his energy-to-retail conglomerate, saying he wants the process to be accelerated with seniors, including him, yielding to the younger generation. Ambani, 64, who has previously not spoken about succession plans at the country's most valuable company, said Reliance is "now in the process of effecting a momentous leadership transition." Ambani has three children -- twins Akash and Isha, and Anant.
Snow blankets Games, delays Gu's return to competition
Avenue Supermarts, which runs D-Mart, posted a 47 per cent jump in net profit in the March quarter and its revenue and operating profit went up 41 per cent. The company's chief executive and managing director, Neville Noronha, talks to Raghavendra Kamath about strategy.
Life Insurance Corporation of India and General Insurance Corporation of India are planning to take exposure in Maruti Udyog from the secondary market once the shares in the automaker drop below Rs 115.
Mahindra & Mahindra said on Thursday it was in talks to assemble and sell sport utility vehicles in China, in what would be the first foray by an Indian automaker into the fast-growing Chinese market.
Mahindra & Mahindra Ltd, India's largest sports utility vehicle and tractor maker, is bullish on its latest acquisition of REVA Electric Car Company.
If I could be born again, and I had a head for big numbers, I'd like to be an investment banker in New York. Look at what I would do for a living, says T N Ninan.
Ajit Mishra, vice president, research, Religare Broking, answers your stockmarket queries.
The Indian market is driven by prepaid connections, which accounted for over 84 per cent in 2006. It is expected to reach 93 per cent by 2011.
Cellular services segment in India, the world's fastest growing wireless market, is expected to more than double to $25 billion by 2011, global consultancy and research firm Gartner has said.
The IT-BPO industry in India has achieved impressive growth rates over the past decade and stood at $71.6 billion in 2009, said the report prepared by KPMG and Asian-Oceanian Computing Industry Organisation.
"We are delighted to welcome Google as a strategic investor in Jio Platforms. We have signed a binding partnership and an investment agreement under which Google will invest Rs 33,737 crores for a 7.7 per cent stake in Jio Platforms," Mukesh Ambani said at the company's annual general meeting.
The company is also aiming to increase its market share in the 150cc motorcycle segment to 25 per cent by the end of this year from 15 per cent at present.
The latest deal would give Facebook deeper access to India, the second largest internet market after China.
Global retail giant Walmart has got fair trade regulator CCI's green signal for purchase of Bharti group's almost 50 per cent stake in their Indian joint venture for wholesale stores business.
This week's collection of unbelievably unusual images from across the world
Last year, the trade could not take place, for the first time since 1992, due to protests in Tibet in the wake of the Beijing Olympics. This year China has not given its permission so far heightening suspense over resumption of the trade at Taklakot mart in Tibet.
