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▣ More Choices in Store: India's Retailers Are Stocking Up on Private Label Brands
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If you are in Chennai and in the mood for some authentic kasundi with your fish, you may be out of luck. The pungent mustard paste is part of the culinary tradition of West Bengal and is not commonly available outside the state. None of the big, pan-India food companies sells it.
▣ Why India's Garment Factories Have Proved Unreliable for New Workers
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Brown light filtered through dust fills a nearly empty railway station in the state of Karnataka in south India. A vendor pours milky, brown tea back and forth between a glass cup and a metal beaker to cool it. He hands it to the stationmaster, who sips and waits. The station, in the town of Gauribidanur, about 45 miles from the technology hub of Bangalore, starts to fill up as men and women arrive by the hundreds. They are on their way to jobs in textile factories in Doddaballapur, about 30 miles away, and in Bangalore.
▣ Skype's Life after eBay: Free in More Ways Than One
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▣ Harley-Davidson trying to ride into India
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Harley-Davidson Inc. said Thursday it will begin selling motorcycles next year in India, the world's second-largest motorcycle market, where the company hopes its iconic, heavyweight bikes will find a niche among the country's rising middle class. The Milwaukee-based company said it has established a subsidiary near Delhi and has begun scouting the country for dealers.
▣ Post-crash Scenarios for Commodities and 'Turbo-coupled' Emerging Markets
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According to Ignatius Chithelen, managing partner of Banyan Tree Capital Management, an investment firm in New York City, emerging markets are not de-coupled but rather "turbo-coupled" to developed markets. In this opinion piece, Chithelen describes what he sees on the horizon for emerging markets and for commodities prices in the wake of the global economic crisis. Among his predictions: China will likely emerge as the big winner from the current worldwide recession, and Mexico's recent hedging of its oil exports will lead to a cap on commodities prices over the short to medium term.
▣ How risky is business in India?
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Until Nov. 26 the strongest force pushing India forward was a mix of good fundamentals and that intangible something that industry calls "sentiment." Forged in the years of 9 percent growth, this euphoria inspired Indians to economic greatness and lured outside investors eager to be part of the Indian miracle.
▣ China, India feeling impact of global crisis
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Two powerhouse emerging market countries in Asia felt the sting of the global financial crisis on Saturday as India cut its main short-term lending rate and China said it was bracing for a slowdown. In Europe, Britain’s Prime Minister Gordon Brown, who has played a big role in combating the crisis, appealed to oil-rich Gulf states to pour money into stabilizing the world financial system and helping afflicted countries.