India to have most Muslims in world by 2050: Pew Research Center
American think tank Pew Research Centre has come up with a report that says India will be the country with the world's largest Muslim population by 2050.
Islam has the youngest median age (30) of all religious groups.
While Islam is currently the world's second-largest religion after Christianity, it is now also the fastest-growing major religion. And if current demographic trends continue, the Muslim population is expected to exceed the number of Christians by the end of this century, Pew said.
Alibaba to Invest $177 m in Paytm Mall
Alibaba is all set to invest Rs 1,180 crore ($177 million) in Paytm Mall in order to increase its holding in the company.
The Chinese conglomerate will now own more than 60% stake in Paytm E-commerce.
This will bring to a close one of the most anticipated deals in the Indian online retail industry that pits the Chinese ecommerce giant against America's Amazon and local leader Flipkart in one of the world's fastest-growing markets for digital commerce.
Coca-Cola is all set to make Maaza a $1 bn brand by 2020
Coca-Cola India is all set to make Maaza, a mango fruit-based drink, become a $1 billion brand by 2020.
Coca-Cola had acquired Maaza in 1993.
"We would love to see Maaza become a $1 billion brand coming out of India by 2020. The brand has potential to be there. All our consumer research show that Maaza is India's most trusted and loved brand," said Coca-Cola India and South West Asia President Venkatesh Kini.
At present, Maaza is an over Rs 2,000 crore brand, he added.
Goodricke plans to acquire tea gardens in Assam
Goodricke Group has planned to shell out Rs 40 crore to acquire tea estates in Assam and is aiming for a production of a million kilo of tea annually.
"Prices of tea have dropped as the availability is more in the market. This is the right time to acquire gardens in Assam as prices of tea estates will not be too high," said Arun Narain Singh, managing director at the West Bengal-based tea producer.
Good quality Assam tea is being sold at Rs 145 per kg, down from Rs 175 a year ago.