Word: indianizing
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...which has made $20 million since its opening on Dec. 18. What's more, in a rare show of heft, the film continues to draw crowds despite the release of Bollywood's 3 Idiots two weeks later. It grossed $60 million to surpass the all-time record for an Indian film in the domestic and international market...
...Last year was Hollywood's best performance in India to date. The success of the U.S. exports in the world's most prolific movie market - India makes over 1,000 films every year - began a year ago, as Indian audiences from Punjab to Chennai lapped up all genres of films, from Sony's Terminator Salvation to Warner's Harry Potter and the Half-Blood Prince to the Fox Star Studio-distributed Ice Age: Dawn of the Dinosaurs. Even Baz Luhrmann's romantic epic Australia, which tanked pretty much everywhere else in the world, made $2 million on the subcontinent - enough...
...escalation of tensions since the 2007 completion of a strategic Chinese submarine base on Hainan Island, just over 124 miles (200 km) from Vietnam's eastern shore. The base has enabled Beijing to project its power not only in its own backyard, but further into the Pacific and Indian oceans as well. Last year, China detained 25 Vietnamese fishermen found near the Paracels, who were released only after weeks of demonstrations in Vietnam. Chinese officials also allegedly pressured multinational oil companies to eschew tying up deals with Hanoi to explore for resources in the South China Sea, or, as Vietnam...
...Foreign luxury-car manufacturers, however, have vowed not to change their product and have faced unique challenges trying to get a foothold in the market. With few open roads to hit, but plenty of traffic jams to navigate, Indian consumers, unlike their Chinese counterparts, often opt for function over form. Those who want a stylish ride pay for it dearly: import duties of more than 100% essentially double the sticker price of all foreign cars. To get around that, BMW and Mercedes assemble some of their models locally, cutting the taxes in half. When BMW first arrived in India...
...always been a challenge for foreign automakers. Despite India's blistering economy, manufacturers have discovered a historic preference for cars that are small, fuel-efficient and cheap. The sensation that is the Nano is well-known; its unveiling two years ago at the New Delhi Auto Expo by Indian automaker Tata captured the world's imagination and further focused attention on India's growing role in the global car market. To be successful in India, small-car manufacturers have had to tailor their product to Indian tastes and conditions. When General Motors launched a new small car called the Chevy...