Recently, when Japanese executives of telecom major DoCoMo were in India, they sprang a surprise. At a dinner hosted in their honour, the Japanese executives told their Indian hosts that they would like to try an Indian drink. The hosts, after some discussion among themselves, offered them the best-selling local rum brand Old Monk. The Japanese liked it so much that they thought dark rum was an Indian innovation much like sake is to the Japanese.
Co-operative banks account for a minuscule proportion of the country’s total banking business and nothing reflects this more than the ...
Operating margins down 230 basis points q-o-q on higher employee costs and other expenses
Analysts expect volume pressure to continue; profit growth likely to be intact