US clothing store Gap to set up in India

US clothing store Gap is bringing its brand to India with the aim of opening 40 outlets, and it will launch the first two stores early next year.

Samsung and Apple 'growth to stagnate' as cheaper players enter smartphone wars

Technology giants Samsung and Apple’s seemingly unstoppable march to dominate the global smartphone market is to run aground and “stagnate”, ratings agency Fitch warned today.

Lego becomes world's second-biggest toy maker

Denmark's Lego has become the world's second-biggest toy maker after reporting a 13% increase in sales. It generated sales of $1.8bn (£1.2bn) for the six months to 30 June, up from the same period last year, overtaking US-based Hasbro.

China 'losing edge' as low-cost manufacturer, says KPMG

China is losing its edge as the world's cheapest place to manufacture goods, a new report suggests.

Rise of affluent middle class in India attracting upscale restaurants

Restaurateurs of upmarket and franchise chains are increasingly turning towards southeast Asia where the economy in India is growing at a breakneck pace.

And the brands that are eyeing the Indian market aren't just multinational corporations but trendy, fine dining establishments, points out a story in The Times of India.