India has emerged as a significant player in the global healthcare landscape, significantly shaping the accessibility and affordability of essential medicines. As the world's leading supplier of generic drugs, India's pharmaceutical industry services hundreds of millions of global citizens in need. By quantity, India accounts for 20% of global generic...
Power Global’s Battery Makes it to Time Magazine Inventions List
Pasadena, CA-based Power Global's eZee battery module has been listed in the Time Magazine Inventions for 2022. The low-cost, high-performance battery, is specially designed for light mobility vehicles such as auto-rickshaws, the three-wheeled vehicles that navigate congested streets. eZee offers auto-rickshaw drivers a simple, low-cost path to EV adoption. Drivers...
Italian Automaker Rebalances India Supply Chain
Diego Graffi, the India CEO of Italian automaker Piaggio Vehicles, is "a strong advocate of Make in India” according to the Business Line newspaper. This stems from the belief that this country’s automotive industry has one of the “highest levels of competencies” and has done particularly well for itself in...
India, a Potential Bright Spot for Uber
Uber Technologies Inc's chief executive Dara Khosrowshahi aims to deliver a profit by pursuing growth from emerging markets such as India. Uber's stock plummeted 27 percent after a lukewarm initial public offering in May this year, but now the venture-funded private company is aggressively pushing into new markets, and will...
KKR to Acquire Majority Stake in India's Waste Management Company
New York City based private equity firm KKR & Co. will acquire a 60 percent stake in Hyderabad, India based Ramky Enviro Engineers Ltd., (REEL) for $530 million, marking the acquisition as one of India’s largest buyouts. KKR will buy the stake via a combination of primary and secondary investments, in...
Britain's Apax Partners to Acquire India's Healthium Medtech
British private equity firm Apax Partners LLP., headquartered in London, England, is set to acquire India’s largest surgical and wound care products maker Healthium Medtech (formerly Sutures India) in a deal estimated at $400 million. San Francisco- and Fort Worth-headquartered private investment firm TPG that held a 73% share in Healthium,...