Airbus Will Invest $1 Billion in Growing India Travel Market
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The announcement escalates the fierce global rivalry between Airbus and Boeing in the rapidly growing Indian market.
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Vijay Mallya is in talks to acquire a stake in SpiceJet, a publicly traded Indian airline backed by a Dubai investment fund and a group big banks including Goldman Sachs and HSBC.
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- RTI International Metals Inc  entered into a supplemental agreement with Airbus  for the long-term supply of titanium mill products, valued in excess of $1.1 billion, the titanium producer said Monday.
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BANGALORE, India  - European consortium Airbus Industrie won its second deal in a week from India&#39;s growing budget airline business, selling 30 Airbus A320 aircraft to Air Deccan.
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India&#39;s only budget carrier Air Deccan agreed on Tuesday to buy 30 A320 planes from Airbus in a deal the European planemaker said was worth USD$1.8 billion at list prices.
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Airbus SAS won an order Tuesday for 30 aircraft from India&#39;s budget carrier Air Deccan in a deal valued up to US$1.8 billion (euro1.38 billion) - the third deal struck in Asia in a week by the European aircraft maker.
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The news came as Airbus predicted that 17,300 new passenger and freight aircraft, worth $1.9trillion, were needed to meet global demand over the next 20 years.
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The Hague, Nov 8 (UNI) The historic fifth India-EU Summit here today launched a strategic partnership which implies doubling trade with India by 2008 from the present level of 25 billion, stepping up investments by European companies and &#39;&#39;qualitative
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India's launch of the world's cheapest car will spur creation of a vast new market segment in the nation of 1.1 billion people where the auto sector is already red hot, analysts say.
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Vijay Mallya, the chief executive of Indiaâs fast-growing Kingfisher Airlines, has purchased a 50-percent stake in Epic Aircraft, a maker of small planes based in Oregon.
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European aircraft maker Airbus said Thursday that the global aircraft market would be worth 2.8 trillion dollars (1.9 trillion euros) by 2026, with total production at 24,300 planes.
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Cisco Systems plans to have one-fifth of its top executives in India by 2012, in line with its plan to make India the hub for the development of technologies and new business models for emerging markets.The company expects 60 to 70 percent of its growth to come from emerging markets, John Chambers, the company&#39;s chairman and CEO, said in Bangalore at the inauguration of the company&#39;s Globalisation Centre East campus. The new center will work with partners in the Middle East, Africa, China, Asia, and Latin America on developing technologies for these markets.While emerging markets are growing at between 5 and 10 percent, markets in developed countries are growing at just 1 to 4 percent, according to various estimates, Chambers said.The company&#39;s plan to have senior vice presidents, vice presidents, and directors, cutting across all corporate functions, in India is not aimed at cutting costs, but at nurturing talent in India, said Wim Elfrink, chief globalization officer for Cisco, who also heads the new center.Cisco currently employs about 3,000 staff in India, which it plans to increase to 10,000 by 2010. The new center, which currently has 900 staff, is expected to grow to 3,500 staff by October next year, said Elfrink. Some of the technologies developed in India will be rolled out in other emerging economies, and also in developed countries, he added.Cisco also announced Tuesday a collaboration with Indian outsourcer Satyam Computer Services, of Hyderabad, to focus on software for handling medical distress situations and other health management applications. Cisco plans to take a minority interest in the venture, details of which were not disclosed. Health care is one instance of Cisco&#39;s strategy to use India as base for technology and applications that can be deployed worldwide, Chambers said.The company announced in 2005 that it would&#160;invest $1.1 billion in India&#160;over three years, including $750 million in research and development (R&amp;D), $100 million in customer support, and $100 million in a venture fund. The planned investment is on track, Chambers told reporters in Delhi on Monday.Chambers announced Tuesday that the company was increasing the size of the venture fund by $100 million. The venture fund will be focused on &quot;disruptive technologies,&quot; Chambers said.
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Microsoft is to form multi-million pound partnerships with two Indian software firms, and is expected to double the 1,500 people it already employs in India.
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Interest in orders for Airbus intensifies as the Paris air show gets under way, industry sources say.
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In a move that could boost the aviation sector in India, the Union Cabinet on Wednesday approved a proposal to hike Foreign Direct Investment (FDI) ceiling in civil aviation from 40% to 49%.
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German maker of car parts and electrical household goods Robert Bosch said it would invest 10 billion rupees (217 million dollars) in India to take advantage of the country's fast-growing vehicle market.
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European consortium Airbus Industrie won its second deal in a week from India's growing budget airline business, selling 30 Airbus A320 aircraft to Air Deccan.