India

Grupo Bimbo Enters Indian Market With New Venture

Mexican bakery company Grupo Bimbo has entered into a joint venture with New Delhi company Ready Roti, which will help the organisation enter into the...

Tea Tax To Stand At 5% As India Clinches GST Rates

Tea will be taxed at 5 percent and chewing tobacco will face a 160 percent levy after India finalized most rates for a new goods and services tax, clearing...

Alcohol Ban Another Drain On India's Weak State Finances

India’s widening alcohol prohibition is threatening to gouge a hole in already stretched state finances. At least four states have announced plans...

Biggest Indian Store Chain Gains Steam As Biyani Rides Cash Ban

Future Retail Ltd., India’s biggest department store chain that gained from the government’s surprise currency clampdown, still has room to ext...

Distillers Brace For Pain After India Bans Sales On Highways

As India’s recent ban on liquor stores along highways displaces outlets, the nation’s distillers are bracing for a drop in sales of as much as...

Billionaire Conjures Up Sam Walton With $6 Billion Indian Chain

Radhakishan Damani may be India’s Sam Walton. Like the Wal-Mart founder, he’s a self-made billionaire from humble beginnings with a successful...

India May Ease Rules for Foreign Food Retail Before November

Following calls from global retail giants such as Wal-Mart Stores Inc. and Tesco Plc, Prime Minister Narendra Modi is set to decide by November whether Ind...

PepsiCo, Coca-Cola Fight Patriotism In Parched Indian State

A potent blend of pride, economic nationalism and mounting concern over water security have the world’s two biggest cola brands in a bind in southern...