Walmart paid $1.4 billion to buy out hedge fund Tiger Global’s remaining holding of Flipkart shares as the retail giant further expands its stake in the Indian e-commerce startup. Besides Tiger Global, Flipkart co-founder Binny Bansal along with Palo Alto, CA-based private equity firm Accel, one of the earliest investors...
India’s Mazumdar-Shaw Establishes Kidney Cancer Initiative at Sloan Kettering
"I am profoundly grateful to Mrs. Mazumdar-Shaw for her generosity and vision in establishing the Mazumdar-Shaw Translational Research Initiative for kidney cancer at Memorial Sloan Kettering Cancer Center (MSK). Your gift has significantly boosted our research programs and will help us expand our decades-long work of leading global clinical studies...
Standard Chartered Bank: India to Become $6 Trillion Economy by 2030
In an interview with CNBC-TV18, Rajat Bhattacharya, Senior Investment Strategist at British multinational bank Standard Chartered said that by 2030, the nation is projected to reach a remarkable milestone of being a $6 trillion economy. This projection is supported by several factors, including a remarkable increase in per capita income...
India Starts Manufacturing C-295 Transport Aircraft
Fifty-Six C-295 military transporters -- each capable of carrying up to 9 tons of cargo -- were ordered from Airbus by the Indian Air Force in September 2021, to replace their ageing Avro fleet. According to the $2.3 billion deal with Airbus Defense and Space, the first 16 aircraft will be...
Goldman Sachs: India to Become World’s Second-Largest Economy by 2075
Goldman Sachs Research says that India could become the world’s second-largest economy by 2075, leapfrogging U.S., Japan, and Germany. It added that India's population of 1.4 billion people is expected to drive significant economic growth. Spearheading India's economic trajectory is also its progress in technology and innovation, the investment bank...
India’s Government Invests in Technology for Citizens’ Access to Healthcare
India provides healthcare in an affordable, efficient, and effective manner to its population of 1.4+ billion, a number that is nearly 5 times the size of the U.S.— the majority of which is not even located in large cities, says Forbes. In 2018, India launched of "Ayushman Bharat," the world’s...