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India Insights

  • Though India is ranked 83 out of 103 in terms of talent competitiveness,  Mukesh Ambani, Chairman and Managing Director of Reliance Industries Ltd.shares his thoughts on why India is projected to overtake China by 2030, a survey by Ernst & Young has ranked India and the most attractive investment destination while according to a PWC/ World Bank report India has the highest tax rates for companies, all as banks slump as the Sensex falls 180 points on profit taking.
  • Need a discount on your Burberry purchase? Luxury retailers are lowering their prices and opening locations in more accessible malls to attract India's growing middle class. However, BMW, citing currency concerns is set to raise prices by 10% this January.
  •  Infosys aims to cut costs and regain its lost market share by cutting senior executive and consultants.  The real question is, did returning chairman Narayana Murthy come up with this solution on his own or is he being backed into a corner given that since his return 6 executives including the global sales head, the global manufacturing head,  and the head of utilities and vertical resources left on their own.
  • Japanese-giant Hitachi acquires Chennai based  ATM service provider Prizm Payments solidifying its global presence.