In a statement Carlos Tavares, the CEO of automaker Stellantis said he expects India to be a profitable market and a big growth opportunity. Stellantis, which sells its Citroen and Jeep brands in India, expects revenues from India to more than… Read More ›
growth market
Amazon pumps in more than $600 million into its Indian subsidiaries
Amazon has not clarified how and where it will utilize the money. Documents filed with the Registrar of Companies show that U.S. retailer, Amazon.com Inc has invested $634.20 million (around 45 billion rupees) into its Indian subsidiaries. Clearly, Amazon is… Read More ›
Sale of GlaxoSmithKline India’s 72.5% stake in Indian subsidiary GlaxoSmithKline Consumer Healthcare could fetch upwards of $4 billion
Among the bidders, Coca-Cola, Nestle and Unilever. Given Nestle’s position, and its considerable market presence in the malt-drink sector in India, its synergies matches well for GSK’s Horlick’s brand. According to 4 sources familiar with the matter at hand, Coca-Cola,… Read More ›