India became 211% more affluent in the last 15 years
India has had an amazing 211 per cent increase when it comes to affluence and riches in the last 15 years. And the best part is this figure is way higher than the asset hike of developed nations like US, UK, Japan, France, Germany or Brazil.
However, there are four other countries that have done better than India in the prosperity index - Indonesia, China, Russia and Australia - with Indonesia's capital surging by 362 per cent while China saw a hike of 341 per cent, Russia 253 per cent and Australia by 248 per cent.
India to produce the highest number of engineers in the world
India is the nation all prepared to come up with the highest number of engineers in the world, according to a report that has been commissioned by the Queen Elizabeth Prize for Engineering.
In India, 80 per cent of 16 and 17-year-olds are passionate about this field of studies and want to take up engineering while only 20 per cent of the youngsters in UK and 30 per cent of American youths showed a keenness for engineering.
Another interesting finding from the report - India has closed the gender gap in engineering to an all-time low of 14 per cent in 2015.
Italian company Ferrero Rocher to invest Rs 367 crore in India
Italian chocolate maker Ferrero Rocher has said to invest Rs 367 crore in India. This will be the company's biggest investment so far in the country, and will be mostly done to ramp up its pro production facility and distribution network.
The maker of Kinder Joy chocolates and Nutella chocolate-hazelnut spread entered the country seven years ago and its brand Ferrero Rocher is ahead of the country's largest chocolate maker Mondelez in the premium gifting category. In terms of revenues, it is within striking distance of Nestle's chocolate division, with annual sales of over Rs 1,000 crore.
Shoppers from smaller towns drive business during Amazon sale
Global e-commerce major Amazon.in said shoppers from tier II and tier III cities besides mobile users accounted for major chunk of business during its 'The Great Indian Festive Sale'.
There was a 400 per cent increase, on a daily basis, in the number of new customers to Amazon.in and majority of them were from tier II and tier III territories.
Company officials said the sale this year was four times bigger than the last year's Diwali promotion event on Amazon.in.
Paytm eyes Rs 500 crore revenue from hotel bookings
Digital payments company Paytm has expanded its platform to allow customers to make hotel bookings and expects revenue of Rs 500 crore from the service over the next six months.
The Alibaba-backed company has partnered with players like Goibibo, Ezeego1 and TSI-Yatra for the new service.
With the launch of this segment, Paytm will drive usage from these areas, causing a huge disruption in the travel space.