Google Hops on Angel Train

Search giant Google has joined the Band of Angels in India as an institutional investor. Band of Angels is a bunch of Angel investors looking to invest in early stage businesses in the areas of IT products & services, retail, high end BPO, biotech & pharma, Internet, media & entertainment and leading edge technology in […]

Silicon Valley Souring on India – WSJ

IT outsourcing has made Indian cities like Bangalore, Chennai and Hyderabad easily recognized names not just in the cubicles and hallways of corporate America but even with mainstream Americans. But some of that sheen could be wearing off as India joins the high-wage club. The Wall Street Journal (subscription required) has a front page story […]

Jet Airways Scores Big with NYT

Jet Airways got such effusive coverage of its plans to commence daily flights between Mumbai and Newark (in the New York area) effective August 5  in the New York Times’ travel section on Sunday that it must have made other airlines flying to India see red. In a puff-piece headlined A Flying Apartment to India […]

Danone, Britannia Breakup on Cards

French food giant Groupe Danone will soon part ways with its Indian partner Britannia and launch products on its own in the booming Indian market, reports today’s Wall Street Journal (subscription required). Apparently, there has been tensions between the two companies over Danone’s plans to enter the market on its own. By the terms of a […]

Bollywood AIMs at London

Following on a Financial Times story last week, the WSJ (subscription required) today has a piece on Bollywood looking to tap funds on London’s Alternative Investment Market. Indian Film Co, an affiliate of Network 18 will list on AIM today following upon Bollywood film maker and distributor Eros International listing on the AIM last year. And […]

Hilton Hotels To Invest $143m in India

Hotel chain Hilton is expanding its committment to the Indian market and plans to invest as much as $143 million over the next seven years through a joint venture with DLF Properties. The joint venture, DLF-Hilton Hotels, plans to develop 75 mid-range hotels in different Indian cities including Bangalore, Hyderabad, Delhi, Bhubaneswar, Kolkata, Goa and Mysore, reports […]