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Germany's economy shrank for the first time in nearly four years while consumer confidence in Europe's biggest economy dropped to the lowest in more than five years, as companies and consumers cut back on spending. read full story
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Volkswagen to bring more cars to India in 2009 In 2009, the Indian roads will see many new cars from Germany’s Volkswagen AG stable. Beginning with the Beetle, the original ‘people’s car’, the company has also firmed up plans to officially launch its sports utility vehicle (SUV), the Touareg, here.
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Europe’s biggest games convention in Leipzig From August 21-24 Leipzig opened its trade fair halls for Europe’s benchmark fair for interactive entertainment, edutainment, infotainment and hardware, the GC – Games Convention.
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German exports rise despite global slowdown Despite growing global economic uncertainty and the strong euro, German exports rebounded in June to report a bigger- than-forecast 4.2-per-cent increase, data released on Thursday, August 17, showed.
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Germany’s B Braun unveils expansion plans in India Germany-based medical device manufacturer B Braun recently announced plans to expand operations in India. Established as a subsidiary of Germany’s B Braun Melsungen AG in 1994, B Braun Medical India Pvt Ltd, is looking at a target revenue of €38 million by 2010.
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Germany's Messe Muenchen International organises electronicIndia Messe Muenchen International (MMI), the world’s leading trade show for components, systems and applications, has been organizing the electronicIndia fair since 2000. This year’s events will be on from 2nd - 5th September in India’s IT capital Bangalore.
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Fraport looks to Asia for expansion plans Frankfurt airport is one of the world’s busiest airports and its passengers and Airfreight figures have continued to rise. In coming years, Fraport AG, the company which manages the airport, aims to stretch further beyond its boundaries and target emerging economies in Asia, such as India, China and Vietnam.
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India’s insurance sector attracts Germany The Indian insurance sector is scripting its own growth story and German companies are playing their part in giving a boost to the sector in the country.
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Germany’s Auto Bild magazine launched in India One of India’s leading media house, India Today Group, and Germany’s leading publisher, Axel Springer International, have formed a joint venture, ITAS Media, to launch the Auto Bild magazine in India.
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Germany’s Hannover Re, India’s GIC Re tie-up for reinsurance Germany reinsurer Hannover Re and India’s General Insurance Corporation of India (GIC Re) have agreed to cooperate in the joint development, marketing and underwriting of life reinsurance business in India.
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From sportswear to luxury attire: German fashion booming in India When Germany’s adidas decided to enter India in 1996, the domestic demand for fashion sports apparel in the country was not high. In the first nine years, India was the smallest sub-division in Asia in terms of revenue. In 2008, adidas considers India a key market for the €10.3 billion adidas Group.
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