Sept. 20 – The world’s largest bank by profit, balance sheet and market value, the Industrial & Commercial Bank of China (ICBC), opened its first branch in the country in Mumbai on Thursday.
“The opening of ICBC’s maiden branch here not only shows the bank’s confidence in the prospects of India’s economic development and the friendly relationships between the two countries, but also our commitment to building a commercial bridge between the two countries,” ICBC Vice-chairman, President and Executive Director Yang Kaisheng told the media in India while formally launching the branch. Continue reading













May 23 – Starbucks, the world’s largest coffee chain, plans to expand into eight to ten new cities each year in China – securing a total of 1,500 stores in 90 cities by 2015. That is nearly three times their current figure of approximately 450 stores across 35 cities in the country.