Netflix Launches in India

Having launched in India, Russia and 130 new countries, Netflix is all over the world,. Netflix CEO Reed Hastings announced that his streaming video giant more than tripled the number of countries it operates in.

Forbes reports that Wall Street hopes Netflix’s international expansion can outweigh concerns about slowing growth at home in the United States. The company’s shares were up 5.5% after the announcement.

Netflix

Reuters sayts that Netflix’s new service in India starts at $7.50 per month, with additional plans coming in slightly higher, at $10 and $12 each, and users will be able to access Netflix through an app on a smart TV, a video game console, a streaming player, a smartphone or a tablet.

January 17, 2016   No Comments

Indian Economy Shows ‘Firming Growth’ Says OECD

In the September release of the Composite Leading Indicators (CLIs) that are designed to anticipate turning points in economic activity relative to trend, the Paris-based Organization for Economic Cooperation and Development (OECD) said India is expected to see “firming growth”.

As reported on their Website, the CLIs signal stable growth momentum in the Euro area particularly in Germany and Italy, while growth is firming in France. Stable growth momentum is also anticipated in Japan.

In Canada as well as in the United Kingdom and the United States, growth momentum is anticipated to moderate albeit from relatively high levels.

The outlook continues to deteriorate for China, with the CLI pointing more strongly to a loss of growth momentum. Signs of slowing growth momentum are also re-emerging in Russia. In Brazil, weak growth momentum is anticipated.

October 12, 2015   No Comments

Modi Government Signed 18 Contracts for $20.1 Billion in its First 9 Months

The Defense Ministry of India has signed 18 international contracts worth $20.1 billion between May 2014 and February 2015. The contracts were signed with armaments manufacturers from USA, Russia, the UK, Israel, Germany and France reports Defense World.

“Defense Procurement Procedure details direct dealing with the original equipment manufacturers, authorized vendors or government sponsored export agencies (applicable in case of countries where domestic laws do not permit direct export by original equipment manufacturers),” Defense Minister Manohar Parrikar said.

“It also provides that vendor is required to give full details of any agents / technical consultants / authorized vendors that may have been appointed by them for marketing of this equipment in India. These details should include the scope of work and responsibilities that have been entrusted with the said party in India,” Parrikar added,

Parrikar’s comments possibly display a changing mind set in the ministry regarding the employment of middlemen in potential defense deals on the basis of full disclosure.

August 15, 2015   No Comments

Beauty and the BRIC

Euromonitor International, a provider of strategic market research, says that emerging market consumers are still spending a good amount of cash on beauty and personal care. Value sales across emerging markets were up almost 10% in 2014 over the previous year at fixed U.S. dollar prices. However, annual growth did not reach double-digit levels for the first time in more than a decade.  

GCI reports that global beauty and personal care brands are now faced with a more reticent China, where the consumption culture of its mid-income consumers is changing; a more cash-strapped Brazil as the Brazilian economy is veering toward recession, and a more inward-looking Russia. Will India be the new China? GCI asks, since it was one of the best performing emerging markets for beauty and personal care in 2014, with retail sales climbing 15% from 2013.

India has some of the best growth prospects over the next five years from among all the emerging markets. India’s economy is notably being boosted by lower oil prices, and increasingly beauty-conscious urban consumers will have the money to spend on beauty products. These trends bode well for beauty and personal care categories such as deodorants, color cosmetics and men’s grooming.

June 25, 2015   No Comments

Boston Scientific’s BRIC Sales Rise by 18 Percent

Speaking at the J.P. Morgan Healthcare Conference, Mike Mahoney, CEO of Boston Scientific a Marlborough, Mass.-based  medical device company, said the company derived about 10% of its total sales from emerging markets in Brazil, Russia, India and China during the 3-months ended Sept. 30, 2014 — an 18% increase from the same period in 2013.

Mass Device reports that Boston Scientific is looking double its emerging markets presence over the next 2 years as it seeks to catch up with larger competitors; therefore expanding its presence in emerging markets is one of five strategic imperatives Mahoney said the company is putting forward in 2015 and beyond.

May 1, 2015   No Comments