Chief Executive of Wal-Mart Lee Scott has expressed interest in

While India’s aviation industry booms, state-owned Air India and India Airlines are falling behind. Obsolete planes, oversized workforces, and government mismanagement have caused the country’s largest carriers to lose ground to smaller private airlines, and now Air India and India Airlines are trying to restructure and make a comeback. After dealing with shoddy service, expensive [...]

In the interest of expanding production capacity, motorcycle producer Hero Honda plans to spend Rs 500 crore for its new Indian plant. The company currently operates two plants in northern India which can produce 2.4 lakh motorcycles a month. Hero Honda, which holds a 50 percent marketshare, also plans to export products to Sri Lanka, [...]

According to a report in the New York Times, IBM is planning to hire more than 14,000 new employees in India this year, while at the same time cutting a similar number of jobs in the U.S. and Europe. The company, which is already in the process of cutting 10,000-13,000 jobs in the U.S. and [...]

According to the results of Manpower’s Global Employment Outlook Survey, India has topped the list of expected additional recruitment for the upcoming quarter. 41% of employers surveyed said they were expecting to hire more people between July and August, while 7% said they would be reducing their workforce, still leaving India at an impressive 34% [...]

An enormous 40-lakh (4 million) square foot mall is set to be built in Gurgaon, which upon completion will be the largest mall in the world. The Mall of India knocks long-time champion Mall of America in Minneapolis out of first place, which covers 38 lakh square feet, and sends a 30 lakh square foot [...]

IBM Corp announced yesterday that they will invest $150 million in India Semiconductor Manufacturing Company, giving the computer giant a 24 percent stake in the up-and-coming wafer fabricator. The company will set up shop in the southern city of Hyderabad, which is best known for software development, but actually already has one small fab owned [...]

Australian Indian food fast food chain “Handi Ghandi” should probably just quit the business and start over. The New South Wales-based restaurant came under fire last week when Tushar Gandhi, great grandson of Mahatma Gandhi, objected to the use of his great grandfather’s image in the chain’s logo. The logo features a drawing of the [...]

When Harvard Business School dean Kim B. Clark announced her departure on June 6th, she left the head position at the nation’s richest ($1.8 billion endowment) business school wide open. Who will succeed Clark is still under question, but accounting professor and senior associate dean of executive education Srikant Datar has been named as a [...]

Mukesh and Anil Ambani, the quarreling brothers at the head of India’s Reliance Group, have finally reached a settlement on how to divide up their father’s business. The petroleum and petrochemical companies of Reliance Industries Ltd and IPCL Ltd will go to Mukesh, while Anil will take over the telecom, electricity, and financial services under [...]