Dennis Berman of The Wall Street Journal, discusses a report that Amazon will start testing deliver drones in India. CNBC's Jon Fortt provides insight.» Read More
Howard Schultz, CEO, Starbucks describes his optimism about entering India's coffee market after so many delays. Despite the new FDI laws, he insists it wouldn't have affected the company's decision to work with Tata.
India's Civil Aviation Minister Ajit Singh said the decision was made following concerns about the safety of passengers. Kingfisher, once one of India's best airlines, is battling for a lifeline with India's airline regulator.
NEW DELHI-- A news report says the Indian government has suspended the license of Kingfisher Airlines which has been struggling to resume flights following a strike by pilots and engineers who have not been paid for months. Kingfisher, once one of India's best airlines, is battling for a lifeline with India's airline regulator.
Starbucks opened its first store in India Friday in Mumbai as the Seattle- based coffee giant seeks growth in a market long associated with tea drinkers. LOCAL GUIDE: Starbucks' partner in India is the salt-to-SUVs Tata conglomerate. The venture will open more stores in Mumbai this year and expand to New Delhi next year.
CNBC's Seema Mody reports on Starbucks entering India and how big of a market opportunity this is for a country that is best known for its tea-drinkers.
Microsoft also disappointed with its latest update, contributing to a broad retreat in technology stocks, as did McDonald's and General Electric. By the time markets closed in Europe, Germany's DAX was down 0.8 percent at 7,380 while the CAC-40 in France fell 0.9 percent to 3,504. The FTSE 100 index of leading British shares was 0.3 percent lower at 5,896..
MUMBAI, India-- Starbucks inaugurated its first store in India Friday in a historic building in southern Mumbai as the Seattle- based coffee giant seeks growth in a market long associated with tea drinkers. After over six years of studying the local market, Starbucks is making a rapid-fire entry into Asia's third-largest economy.
MUMBAI, India-- Starbucks has opened its first store in India in an historic building in south Mumbai as the Seattle- based coffee giant seeks growth in a market long associated with tea drinkers. Chief executive Howard Schultz says India, along with China, are "at the core" of the company's growth strategy.
Britain's FTSE 100 lost 0.1 percent to 5,910.04 in early trading. Microsoft said net income fell a worse-than-expected 22 percent to $4.47 billion in the fiscal first quarter, which ended Sept. 30. BB&T bank, Philip Morris International and Boston Scientific also reported results that fell short of forecasts.
Markets in mainland China, Singapore, Thailand, Indonesia and India were down. Microsoft said net income fell a worse-than-expected 22 percent to $4.47 billion in the fiscal first quarter, which ended Sept. 30. Microsoft shares fell in after-hours trading.
HARTFORD, Conn.-- United Technologies Corp.' s third-quarter earnings results, due out before the markets open on Tuesday, will likely reflect some weakness in the aerospace market, a segment on which the company recently made a big bet.
Leif Eskesen, Chief Economist for India and ASEAN at HSBC, says India's persistent inflation woes will leave the Reserve Bank of India with little room to ease in the short-term.
Walmart, the world’s largest retailer by sales, is being investigated in India over accusations that it secretly invested in supermarkets, flouting a ban on foreign direct investment in the sector. The FT reports.
CHICAGO-- Shares of USG Corp. rose Thursday after the building products maker said its third-quarter loss shrank. In the three months ended Sept. 30, the Chicago company reported a loss of $29 million, or 28 cents per share.
TROY, Mich.-- Chemical giant DuPont Co. is opening an innovation center in suburban Detroit that's aimed at speeding the introduction of new products for the automotive industry. It is DuPont's eighth-such center and is located at its Automotive Development Center in Troy.
LOS ANGELES-- The Beverly Hilton's International Ballroom will soon be filled with flowers, chiffon, fine china and crystal stemware for a starry black-tie ball costing couples as much as $20,000 to attend.
NEW DELHI-- India's top court lifted a ban on tourism in tiger reserves across the country but asked local governments to regulate visitors. The Supreme Court had ordered a complete ban on such tourism in July while the government formulated new guidelines.
India’s growing middle class and the rich have plenty of places to escape the chaos and crowding of India’s most important business center. But a vast majority of Mumbai residents have access to only tiny scraps of green or a handful of large open spaces, most of them in the historic downtown area, that are swarming with crowds. The New York Times reports.
District Judge Jed Rakoff, who this year presided over the trial in which Rajat Gupta was convicted. Gupta, a 63- year-old former board member for Goldman and Procter& Gamble Co., faces sentencing Oct. 24.
Chanda Kochhar, ICICI Bank CEO, tells CNBC's Maria Bartiromo that lending in India is strong compared to the rest of the world.