Indian healthcare provider Narayana Health finalized its first venture into the British market by acquiring Practice Plus Group, the United Kingdom's fifth-largest private hospital group. The acquisition price is approximately $250 million. The transaction, which is expected covers only Practice Plus Group’s secondary care division, separating it from its integrated...
India’s Godrej Acquires Tyson’s Stake in Poultry JV
Mumbai-based Godrej Agrovet Ltd. (GAVL), a diversified food and agri-business company, has announced a significant move in the Indian processed poultry market. The company has signed a definitive agreement to acquire the remaining 49% stake in Godrej Tyson Foods Limited (GTFL) from Tyson India Holdings Ltd., an affiliate of Springdale,...
Walmart to Source $10 Billion India-Made Goods
Endorsing India’s continuing rise as a global hub of manufacturing, Bentonville, Arkansas-based Walmart announced that it will increase its exports of goods from India threefold to $10 billion each year by 2027. The expansion in sourcing will develop hundreds of new suppliers in categories such as food, pharmaceuticals, consumables, health...
Walmart International’s India Business on Growth Trajectory
Bentonville, Arkansas-based Walmart's two acquisitions in India -- e-commerce firm Flipkart and digital payments firm PhonePe -- have emerged stronger with the adoption of digital technologies during the coronavirus health crisis in India. The company also operates a small chain of "wholesale stores" in India, which sell to the retail...
Walmart Labs Acquires Two Tech Startups in India
Walmart Labs, the technology arm of Bentonville, Arkansas-headquartered Walmart, acquired two startups based in India to strengthen its customer service systems. Bangalore-based FloCare, a health tech firm, is one of them. It builds products and technologies that enables seniors to access affordable and scalable healthcare services. The company, co-founded by a...
Walmart India Adopts New Sales Strategy
Bentonville, Arkansas-based Walmart's plan to crack India's giant consumer market, compete with Amazon.com Inc., and Asia’s richest man, Mukesh Ambani of Reliance Industries -- who has announced plans to launch his own e-commerce initiative -- is to collaborate with the neighborhood stores. Twelve million neighborhood stores across India account for...