Registers 20% Rise in Number of Millionaires

The number of high net worth individuals (HNWIs), each worth a million dollars or more, is up by 20%, which is the second-highest growth registered by any country besides South Korea . ... more

India is Tricky, We Won’t Be There in Months: Tesco Exec

Tesco Plc, Britain's largest retailer, said on Wednesday it was in talks with many Indian firms for a joint venture, but that it was a long way from entering Asia 's third-biggest economy, reports Reuters. ... more

Lafite Releases 2005 Vintage at Record €4,320 Per Case

Ending months of intense speculation Chateau Lafite is the first of the Bordeaux First Growths to release its price for the 2005 vintage. Adam Lechmere reports in Decanter.com that the chateau has released 40% ... more

Aussie Grape Growers Must Prepare For Worst: Spokesman

Prices for wine grapes are expected to hit “rock bottom” next year, the Wine Grape Growers Australia (WGGA) has warned. As part of a fresh call for growers to severely cut back their vineyard production, WGGA executive director Mark McKenzie is quoted by the Australian newspaper,  ... more

Israel to Downplay Kosher Wines in Drive to Push US Sales

Israel is preparing to reinvent the image of its wines in America, its biggest foreign wine market, reports Howard G. Goldberg in Decanter.com. A consortium of some 30 wineries plan to spend $1m a year to re-brand their wines in the US.  ... more

FDI in India's Food Sector Overtakes Hotels and Tourism

Foreign direct investment (FDI) in India's food sector is about to touch the US$3bn level, with another US$55m invested in sugar and cooking oil companies. FDI in food already outdoes the FDI in the hotels and tourism industry, reports www.kamcity.com, quoting The Economic Times.  ... more

European Wine Council Honours Cornell Professor

Stephen A. Mutkoski, the Banfi Vintners Professor of Wine Education & Management at Cornell University 's School of Hotel Administration, has been named Wine Educator of the Year by the European Wine Council.  ... more

India is New Zealand’s Fastest Growing Export Market

A recent Auckland seminar reiterated to the New Zealand audience what rest of the world already knows – doing business with India is not only profitable but also inevitable, says Vaibhav Gangan, Editor, ... more

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