India To Auction 100 GW of Green Energy Contracts

India’s Ministry of New and Renewable Energy announced that it will award a 100 gigawatts (GW) of solar and wind contracts by March 2020. 77 GW of the total will be awarded for solar power projects. Having set a target of 175 GW of clean energy capacity by March 2022, the government’s strategy is to […]

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December 12, 2017   No Comments

Amazon India’s Revenue Growth Over 105% in 2017

Amazon India reported over 105 percent growth in revenue in Fiscal Year 2017. Per filings with the Registrar of Companies, Amazon Seller Services posted a 41% increase in earning to $485.4 Million during the year ended on March 31, 2017. Amazon Seller Services currently earns through commissions, advertisements and shipping fees. It also earns revenue […]

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December 11, 2017   No Comments

India’s Government Relaxes Labeling Norms for Retailers

Single-brand retailers such as Ikea, Fabindia, Decathlon, H&M, Marks and Spencer, will now be exempt from marking the maximum retail price on their products. India’s consumer affairs ministry has relaxed labeling norms for the next one year and has laid down conditions for an alternative method of displaying prices. A government directive says that retail […]

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December 11, 2017   No Comments

Google Shortlists Four Indian Startups for Accelerator

Google shortlisted four startups from India for its fifth mentorship program Launchpad Accelerator that will begin on January 29, 2018, at the Google Developers Launchpad Space in San Francisco. Launchpad Accelerator is a six-month program from Google that includes an intensive two-week bootcamp in San Francisco and mentoring from more than 30 teams across Google […]

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December 11, 2017   No Comments

Boeing to Set Up Engineering and Technology Facility in India

Seattle-based commercial aircraft maker Boeing will invest $170 million to set up a new facility for engineering and technology which will manufacture and assemble electronics /avionics in Bangalore, India. The Karnataka state government gave permission for the project which will be set up on about 36 acres of state-owned land at Aerospace Park. Business Line […]

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December 11, 2017   No Comments