Amazon Considers Inorganic Growth in India

After buying Whole Foods in the United States, Amazon is targeting groceres in India. Bangalore, India-based BigBasket, a five-year-old e-grocer, has signed a 60 day exclusivity agreement with Amazon India  during which time Amazon will conduct a due diligence on the company’s assets with a view to acquisition Valued at $450 million since its last […]

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June 21, 2017   No Comments

Good Rains Will Boost Agriculture in India

With the El Nino phenomenon not in play this year, heavy rains in India have created the right conditions for crop planting in the key agricultural states of Punjab, Haryana and Uttar Pradesh. Officials say the good rainfall in north India has boosted soil moisture that is needed for the new crop, reports the Economic […]

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June 20, 2017   No Comments

India Signs $100 Million Service Deal with Boeing

Seattle-based Boeing and India’s Navy signed a $100-million contract, that requires Boeing to maintain spare parts and personnel in India, ready to respond to any defects or failures in the P-8I fleet over the next three years. This ‘performance-based logistics’ contract requires Boeing to continue the warranty services it has so far provided under an […]

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June 20, 2017   No Comments

Lockheed Martin Offers to Make F16 Fighters in India

Maryland-based Lockheed Martin announced that it can  jointly manufacture its F-16 Block 70 fighter jets with Tata Advanced Systems Limited, India. The agreement was signed on the sidelines of the Paris Air Show 2017 and it will provide India the opportunity to produce, operate and export F-16 Block 70 aircraft, the newest and most advanced […]

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June 20, 2017   No Comments

India May Implement Food Fortification Regulations

The Food Safety and Standards Authority of India (FSSAI) is promoting the introduction of micro-nutrients in staple foods to fight malnutrition. “We are trying to encourage brands to fortify their products. We are targeting five staple foods including rice, wheat, milk and edible oil for fortification,” FSSAI CEO Pawan Kumar Agarwal said at an interactive […]

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June 20, 2017   No Comments