After struggling to find affordable office space in Mumbai, India’s financial hub, Sarabdeep Singh decided to move his startup company more than 1,500km north to Mohali, a town with a population of 176,000 in the state of Punjab.
Recent layoffs across India’s $150 billion information technology industry have left software engineers feeling insecure and looking at ways to protect their jobs.
BANGALORE, India — Practo, a high-flying health care startup backed by China’s Tencent Holdings, is being investigated by Indian authorities looking into whether it evaded tax through a cross-border corporate restructuring. According to a notice from the Bangalore office of the Department of Income Tax seen by Nikkei Asian Review, Practo executives have been summoned[…]
BANGALORE — A taxi cooperative established by a former state chief minister is set to give Uber and Indian rival Ola a run for their money in Bangalore, where drivers have been protesting the cab aggregators’ negative impact on their earnings. The city’s drivers are angry with Uber and Ola because the ride aggregators have[…]
NEW DELHI — India’s reluctance to lower its high trade barriers has often been cited as an obstacle to regional and global trade pacts. Commerce and Industry Minister Nirmala Sitharaman, however, disputes this view. She told Nikkei in a recent interview that China and members of the Association of Southeast Asian Nations are in fact[…]
KOREA, Inida — Parmeshwar Rajwade struggled for years to make a living on his small farm in Kanchanpur, a village in the Korea district of India’s poor eastern state of Chhattisgarh. Then one day in 2013 a sales agent from a seed company handed him a 2kg packet of unnamed foreign wheat seeds that promised[…]
BANGALORE — As India’s clean water shortage grows, environmental campaigns against Western soft-drink companies are gaining momentum. A court forced PepsiCo, a U.S. food and drinks group, to shutter a decade-old bottling plant in the state of Kerala in February by directing industries to reduce water usage by 75% because of a drought. The plant,[…]
BANGALORE, India/NEW DELHI — Indian pharmaceutical companies, which dominate the global generic drugs market, are gearing up for their next big opportunity — developing an innovative class of complex drugs when the original products, with sales of up to $60 billion a year, go off patent in the advanced industrial economies. These drugs, called biosimilars,[…]
BANGALORE, India — The Indian government is struggling to frame a coherent wheat-price policy in the face of conflicting demands and mounting criticism of its decision to suspend import tariffs in December. Imports have surged since wheat duties were cut to 10% from 25% in September, after a surge in prices caused by supply shortages,[…]
Karnataka, home to the fourth-largest technology cluster in the world, is shifting its focus from information technology and IT-enabled services (ITes) to faster-growing e-commerce and startup businesses. In a first for India, the state that encompasses Bangalore is drafting an e-commerce policy that seeks to provide a framework for next-generation companies, promote entrepreneurship, clear tax[…]