Word: alcohol
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...Indian market for alcohol - mostly spirits and beer, as well as wine - totaled $14 billion last year, and was one of the fastest-growing alcohol markets in the world. Imports account for only a tiny fraction of that, but with India booming while demand elsewhere stalls, no international beverage company can afford to ignore it. Over the next five years, the Indian market for alcohol is projected to grow at 10% a year - more than in China, the U.S. and Europe combined, according to an estimate by KPMG India. "You've got a sizable population, a growing middle class...
...usually only with their premium labels. Although single-malt is a new status symbol in India, Scotch-whisky producers have been similarly frustrated in their efforts to crack the Indian market. In response to complaints at the World Trade Organization, India has lowered its base tariff, but alcohol importers and trade representatives from the U.S. and E.U. are pressuring India to lower taxes even further...
...about $7.5 million on $230 million in revenue - enough to convince it to invest $500 million more in India over the next five years. Carlsberg and Heineken have been in India less than three years, but both companies are expanding. Heineken bought a 37.5% interest in India's largest alcohol company, United Breweries, while Carlsberg has invested $53 million to reach its target of 5% of the Indian beer market this year. InBev, which recently bought competitor Anheuser Busch, has just launched Budweiser in India and plans $96 million in investment...
...businesses in the heart of downtown. She regularly sparred with the city's former mayor, Kwame Kilpatrick, who resigned in 2008 amid enormous legal problems. Just last month, she drew headlines for abruptly leaving the council's chambers to protest a rushed measure, backed by Christian conservatives, to restrict alcohol sales at Detroit's strip clubs. "It was an act of democracy to walk out and not let the process be hijacked by people with a narrow interest," she said later...
...biscuits that stretch the definition of cookie. The cookie-meal plan has actually been around since 1975, but the quest for the magic diet solution goes back much further. There's a (possibly apocryphal) story that after becoming too fat to ride his horse, William the Conqueror devised an alcohol-only diet in 1087. The monarch didn't grow thinner; instead, he died later that year after falling from his beleaguered steed, leaving his subjects to struggle with finding a coffin big enough to fit the corpulent king. (See the 2009 Year in Health...