Global hospitality major IHG Hotels and Resorts saw its business surpass pre-pandemic levels in 2023 on the back of "unprecedented growth" in the tourism industry, a senior company official said. The UK-headquartered company, which operates Holiday Inn, Holiday Inn Express, Crowne Plaza and luxury brands like Intercontinental and Six Senses in India, launched its premium lifestyle brand voco in January this year, with the first property set up at Jim Corbett in North India. The group, in total, signed 15 new deals in 2023.
Coca-Cola will, apart from the coming World Cup in England and Wales, feature as the exclusive non-alcoholic beverage partner at all major ICC events -- men's and women's T20 World Cups in Australia in 2020, ICC Women's World Cup 2021 in New Zealand... Also, the World Cup 2023, to be hosted by India.
India's economy could prove to be the "most resilient" in the subregion of South and South-West Asia over the long term, according to a report by the UN, which says a positive but lower economic growth post COVID-19 pandemic and the country's large market will continue to attract investments. The report titled 'Foreign Direct Investment Trends And Outlook In Asia And The Pacific 2020/2021', and compiled by United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), stated that inward FDI flows to South and South-West Asia slightly decreased by 2 per cent in 2019, from $67 billion in 2018 to $66 billion in 2019. The growth, however, was mainly driven by India, which accounted for 77 per cent of the total inflows to the subregion and received $51 billion in 2019, up 20 per cent from the previous year.
The mood at the Hotel Investment Conference South Asia (HICSA), the annual hospitality industry conference was rather upbeat. But hotel brand operators and owners remain cautiously optimistic of the outlook and are living on a hope that a third wave of the pandemic doesn't become a reality. Having just survived the unprecedented zero revenue situation, the two day confrence organised by consulting firm Hotelivate, was dotted with anecdotes and best practices adopted by the hotels of all hues.
In a strategic move, LG Electronics has elevated K R Kim, managing director, LG Electronics India to the position of president of South West Asia LGE.
Coca-Cola India's volume growth in the second quarter slowed partly because of an increase in prices and also due to a mild summer.
Coca-Cola is bullish about its India operations after recording one of its highest growth numbers in the October-December 2009 quarter
US vice-president-elect Joseph Biden would be travelling to South West Asia, including to Pakistan, on a fact-finding mission this week leading a bipartisan Congressional delegation, but may not visit India.
Electronics major Samsung India will invest $100 million in four years at its new manufacturing facility at Sriperumbudur near Chennai, a top company official said.
Looking to cash in on severe room shortage in India's hospitality sector, global leader InterContinental Hotels Group plans expansion across the country through a shift from franchise model to management contracts in its India operations.
Samsung, the consumer electronics giant, is adopting new product innovation and retail strategies to reach deeper and wider into the Indian market.
The firm has set its eyes on emerging categories such as juices and plans to develop a stronger total portfolio, participating across multiple categories.
Leading white goods manufacturer, LG Electronics would invest nearly Rs 400 crore (Rs 4 billion) this year in India towards expansion of its existing manufacturing facilities.
The US is open to a Free Trade Agreement with India but wants bilateral economic engagement to increase further, a senior US government official said.
Samsung on Friday announced it would set up a handset manufacturing facility at Manesar in Gurgaon district with an investment of $15 million.
'Slim Ultra', which the company claims to be the world's slimmest CDMA phone, is priced at Rs 2,999.
Coca-Cola India had stepped up its innovation push to be future-ready, company president for India and South West Asia, Venkatesh Kini, said
Samsung Electronics, the Korean electronics goods major, said on Wednesday that it aimed to grow by over 30 per cent this year as against Rs 4,000 crore (Rs 40 billion) revenues in 2003 by targeting consumers with a host of new products.
LG Electronics India is targeting to sell 200,000 personal computers in 2005 from 74,000 last year with the turnover of the IT division expected to increase during the year to Rs 1100 crore (Rs 11 billion).
The American, who moved from US Navy to the corporate world, is considered best suited for this role because of her understanding of both production and distribution. Arnab Dutta & Viveat Susan Pinto report.
Describing Supreme Court's direction asking Samsung Electronics Chairman Lee Kun-hee to appear before a Ghaziabad court in a cheating case an "extreme step", Commerce and Industry Minister Anand Sharma on Friday said it would adversely impact investment and business climate.
It is also testing a concept sourced in Australia, storing local fruit in an ice dispenser, freezing it and offering it to consumers as a sorbet without any artificial sweeteners or flavours.
Corporate clients form more than half of the business for most branded hotels, especially in cities.
Cheil India has a strong presence in the retail and shopper marketing space.
It is not easy for an FMCG brand to make a comeback if it has been out of consumer's reckoning for some time. Moreover, a protracted battle between the owners and then closure of a large number of outlets at one go might have sent some very negative signals to many, says Sneha Bhattacharjee.
Economists have asked Finance Minister Arun Jaitley to lower interest rate, rationalise subsidies, remove all cess and surcharge, do away with the retrospective tax amendments and scrap dividend distribution tax to revive investment cycle and promote growth.
Globally, Coca-Cola offers Fanta in various fruit-based formats. Apple, Strawberry, Pineapple and Creaming soda are a few of the 90 variants that are available in different markets, apart from orange.
Twenty-five years on, Coca-Cola is involved in a new search. Arnab Dutta reports.
Coke draws up Rs 11k-cr plan to sell frozen fruits, juices. Firm also considering launching frozen Fanta and Coke.
The report said South Asia is expected to be the fastest-growing region.
Samsung also unveiled its slimmest Galaxy handset.
The nearly Rs 15,000-crore India unit of Coca-Cola derives the bulk of its revenue from its core business of selling cola drinks
The company has done a lot to promote 'Open Happiness'.
In bilateral interfaces relations with China have also to be given due weight, opines Premvir Das
South and South-West Asia could witness an economic growth of 5.3 per cent in 2015, which will be a four-year high.
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