Nielsen Renews $2.25 Billion Contract with India’s TCS

Mumbai-based Tata Consultancy Services Ltd (TCS) won a $2.25 billion contract, the largest ever for an Indian information technology firm, from U.K.-based television ratings measurement company Nielsen. Under this contract, TCS is assured of $320 million in business from Nielsen every year, beginning 2017 through 2020, $186 million in annual revenue from 2021 through 2024 and $139.5 million in 2025, according to a regulatory filing made by Nielsen to the U.S. Securities and Exchange Commission.

TCS will globally provide Nielsen with professional services relating to information technology (including application development and maintenance), business process outsourcing, client service knowledge process outsourcing, management sciences, analytics, and financial planning, reports LiveMint.

TCS Logo

“This is a milestone contract given not only the depth of the contract but also the breadth of services,” said Ray Wang, founder and CEO of Constellation Research, a technology advisory firm. “TCS did a good job of managing longer-term costs and gaining some cost efficiencies while renewing a longer contract. There is also upside in the long run as this is more of a strategic partnership than outsourcing contract.

December 23, 2017   No Comments

Three of India’s States Consider Hyperloop Installations

In October, I blogged about Hyperloop Transportation Technologies first agreement with India’s eastern state of Andhra Pradesh‘s Economic Development Board, to facilitate the development of HTT’s Hyperloop Transportation System in the state.

In November, Los Angeles-based Virgin Hyperloop One entered into a partnership with the government of Maharashtra for exploring the possibility of connecting Mumbai and Pune with the hyperloop transportation system. The distance of 92 miles between the two cities would take just 14 minutes, a journey that currently takes up to three hours by car, reports BusinessLine.

Virgin Hyperloop One LogoVirgin Hyperloop One has also approached the government of the southern state of Karnataka to conduct a preliminary study to understand hyperloop’s feasibility and economic impact in the region. The state’s minister for IT, Priyank Kharge, said, “We are happy to partner with Virgin Hyperloop One for its preliminary study in our region and we hope to bring out some concrete solutions for the state swiftly.”

Nick Earle, senior vice president for global field operations, Virgin Hyperloop One, said, “India is one of the most important geographies for developing hyperloop networks and re-imagining the complete transportation system. With this preliminary study, we are excited to initiate the build-up of a strong foothold that we foresee in future throughout the state,” reports the Economic Times.

December 2, 2017   No Comments

India’s Mahindra Opens Michigan’s First new Auto Factory in 25 Years

Already with a large presence in the U.S. tractor market, Mahindra and Mahindra, an Indian multinational car manufacturing corporation headquartered in Mumbai, launched a new manufacturing facility in Auburn, Michigan, where the company plans to build off-road vehicles. The new facility is part of the company’s expansion plans, and becomes a part of its $230 million investment in Southeast Michigan.

“This is an exciting day for Mahindra, our terrific employees and Detroit. I couldn’t be prouder to be here to help open this new facility today,” said Anand Mahindra, chairman, Mahindra Group at the launch. He explained that the company had increased its workforce to three times the original number in the past 18 months and was committed to growing the Mahindra brand in North America and Michigan.

M&M Off-Roader 'Thar'

M&M Off-Roader ‘Thar’

The off-road vehicle will be limited to 45 miles an hour, and will cater to people needing an off-roader for tasks on private property or on lightly traveled public roads, reports the Wall Street Journal.

“It is a great day for my district and my State as this is the first automotive manufacturing facility in 25 years. This comeback is real and exciting,” said Congressman Dave Trott adding that Southeast Michigan is the birthplace of automotive industry.

“We are serious about courting Asian investment, global investment in Michigan,” Tracie Tillinger, an official with the Michigan Economic Development Corp., said.

 

 

 

November 22, 2017   No Comments

Belgian Beers Now Offered at India’s Pubs

Belgium‘s Chimay, one of only 11 “Trappist” beers in the world, brewed by monks within the walls of an abbey, with profits going to charity, will be available in India. Its launch in the Indian market coincides with the Belgian royal couple King Philippe and Queen Mathilde visit to India to mark 70 years of diplomatic relations between the two countries.

Another Belgian brand, Delirium, with its famous pink elephant logo, is also entering the Indian market. Both Chimay and Delirium will be imported, distributed and marketed in India by New Delhi-based Hema Connoisseur Collections Pvt. Ltd., and will retail at $8.50 per a pint bottle. Initially, the two Belgian beers will be available across selected eight retail outlets in New Delhi, six top hotels, a few restaurants and 18 pubs, including 12 units of Beer Café. “Within a few weeks, we’ll have a similar presence in Mumbai and Pune. There is no immediate plan to expand further,” said Amit Agarwal, chief executive officer, Hema Connoisseur Collections.

Trappist Beers

Beer pubs are upbeat, reports LiveMint. “Chimay is one of the most prestigious Trappist beers in the world. At Beer Café, these are the most premium beers on the menu. We have already witnessed a sense of exuberance among beer aficionados,” said Rahul Singh, founder and chief executive of Beer Café.

 

November 8, 2017   No Comments

Walmart Ups the Ante in India

 Arkansas-headquartered Walmart is planning a threefold increase in the pace of opening stores by 2020 in India. It plans to open 50 new stores by 2022 to take the total store count to 70.

“We are opening five to seven stores next year. Eventually, we want to open 15 a year, which should happen from 2020,” president and chief executive Krish Iyer said. The firm spends around $12 million per store for an average size of 55,000 square feet, and it has signed up for 19 sites so far.  Iyer added that Walmart considered India as a priority market in terms of providing resources to build capacities, back-end infrastructure, and implementing technology.

Walmart inaugurated one of its first global fulfilment centers or ‘dark store’ in India, in an effort to speed up operations in the country. The 45,000 square feet center at Bhiwandi near Mumbai will cater to the business needs of resellers, mom-and-pop grocery stores, offices and institutions through online orders mostly stock packaged consumer products and home supplies.

Walmart best price store in India

Walmart’s  Best Price store in India

 

November 2, 2017   No Comments