American restaurant chain and international franchise pizza delivery corporation Domino’s Pizza has claimed success in capturing the Indian market and is now set to become the second-largest market for the company outside its home market of the US.
India is set to replace the UK as the largest international market for Domino's. In India, Jubilant FoodWorks has the master franchise for the pizza chain. Domino's India has 650 restaurants across 137 cities. This is just 100 less when compared to the number of its restaurants in the UK.
The company believes that the key to its success in the country was a result of its concept of localisation.
In India, 50 per cent of the offerings at Domino's stores are localised for Indian flavours.
These pizzas with Indian flavours are finding shelf space even internationally. Founded in 1960, Domino's is the second-largest pizza chain in the US after Pizza Hut and the largest worldwide, with more than 10,000 corporate and franchised stores in 70 countries.
India’s second-largest information technology services firm, Infosys, along with Australia's Information and Communications Technology Research Centre of Excellence (NICTA) will jointly set up a centre of excellence in optimisation algorithm to solve complex supply chain related problems for clients in Australia.
Both Infosys and NICTA had earlier this year signed a joint research collaboration agreement to tackle the “hard technology” problems facing businesses. As part of this agreement they will be setting up a centre in India and Australia.
Infosys has the capability to design and implement the solutions, while NICTA has a group of experts dealing with optimisation.
Founded in 2002, NICTA's role is to pursue potentially economically significant ICT related research for the Australian economy. It is often funded by the government or industry partnerships and has 700 people working across three cities in Australia.
US-based Trojan Battery, a leading expert for long-lasting deep-cycle batteries, is planning to form a joint venture with power back-up solutions provider Su-Kam Power Systems to manufacture various types of batteries.
Both companies already have a commercial agreement and are further exploring opportunities for deep cycle battery solutions. This includes power back up applications for the industrial business market segment.
They recently initiated the alliance with the launch of a co-branded INV-150 deep-cycle battery in India, which powers both commercial and residential inverter applications. This was developed using Trojan’s advanced deep-cycle battery technology and Su-Kam’s manufacturing expertise in the region.
Gurgaon-headquartered Su-Kam provides power back-up solutions for both domestic as well as industrial markets, with a focus on eco-friendly, inexhaustible energy solutions like solar power. It has seven manufacturing facilities and has over 30,000 dealerships in India.
Trojan Battery was founded in 1925 and has two research and development centres in North America dedicated to engineering new and advanced battery technology.
India’s leading mobile phone network, Bharti Airtel, hit the international market with a benchmark Euro bond offering.
It has raised around €750 million from European investors in the first Euro corporate bond deal outside the country.
The company offered five-year Euro bonds for investors and the money is reportedly being raised through its wholly-owned subsidiary Bharti Airtel International (Netherlands) BV.
According to reports, StanChart, Barclays, JP Morgan, UBS and BNP Paribas were the joint book-runners and lead managers to the issue – the company’s third this year.
Bharti Airtel had kicked off road shows last week in London, Paris, Amsterdam and Frankfurt in the lead up to the issue.
In March this year, the company had raised $1.5 billion in overseas debt in two tranches.
The firm is believed to be accumulating funds for the upcoming spectrum auctions in India in January, which will require around $3-4 billion to acquire airwaves in the 900 MHz band coming up in Delhi, Kolkata and Mumbai.
The world’s most popular micro-blogging website, Twitter, is in talks to acquire an Indian start-up firm. This comes a day after Facebook made a similar announcement.
Twitter is looking at acquiring Bangalore-based Frrole, which is a data start-up company that analyses tweets by Twitter users to generate insights for media, consumer and entertainment verticals.
Both the companies are still exploring ways to take things forward and if the deal goes through, it will mark Twitter’s first acquisition in India.
Frrole describes itself as a social newspaper that gets its data from Twitter. It sifts through over 10 million tweets per day and divides them into categories. The company covers data from 55 cities in six countries to aggregate content. The team consists of three professionals and two advisors.
India has a huge talent in the information technology sector and many such start-ups are attracting the attention of by mega global firms.
The Indian subsidiary of global auto giant Ford Motor Company, which is setting up a manufacturing plant at Sanand in Gujarat, has said that production at the plant will start by the end of 2014.
Ford India Private Limited has invested $1 billion at its Sanand facility and the plant will employ around 5,000 people directly on completion.
Once production commences at the plant, the total annual capacity of Ford India at its Chennai and Sanand manufacturing plants would increase to 610,000 engines and 440,000 vehicles.
The company has so far invested $2 billion in India at both the facilities and plans to increase its sales and service outlets across 146 cities and towns in India from its current 274 to 500 by 2015. These will mainly be in Tier-II and III markets.
The Asia-Pacific region contributed 44 per cent of the company’s global sales in 2012 and this is further expected to increase to 48 per cent by 2020.