IKEA, the world’s largest furniture retailer, is significantly accelerating its investment in India, designating it a "priority market" for long-term growth. Despite global sales dropping to $51.7 billion in FY2025 from $52 billion the previous year, the company's Indian operations saw a 6% revenue increase and a 10% improvement in...
Qualcomm India Designs a 2 nanometer Chip
Qualcomm Technologies announced the successful tape-out of its 2-nanometer chip design, developed through its engineering centers in Bangalore, Chennai, and Hyderabad. Qualcomm Incorporated is an American multinational corporation headquartered in San Diego, California. It creates semiconductors, software and services related to wireless technology. The company said the milestone highlights the...
India’s Fertility Startup Raises $29 million Series B in the U.S.
Based in Bangalore, India, located in Palo Alto, CA and headquartered in Houston, Inito, a fertility-focused health technology startup, raised $29 million in Series B funding to expand its at-home diagnostics platform and develop new tests powered by AI-designed antibodies. The company has an R&D hub in Dubai. Founded with...
Top U.S. Officials Visit India to Boost Ties
Allison Hooker, the U.S. Under Secretary of State for Political Affairs, Dec 7–11 is on a five-day official visit to India, scheduled to conclude on December 11th. The trip's agenda is focused on three main areas: Deepening economic and commercial collaboration specifically by boosting U.S. exports to India. Advancing mutual...
Eli Lilly to Invest $1 Billion in India Manufacturing
Eli Lilly, announced an investment exceeding $1 billion to establish new contract manufacturing operations in India. Central to this initiative is the development of a major manufacturing and quality facility in Hyderabad, Telangana. This multi-year investment represents one of the most significant commitments by a global drug maker in India...
California Company Expands India GCC
Irvine, CA- headquartered Alorica Inc., a global company engaged in digitally powered customer experience solutions, announced significant expansion efforts in India, driven by increasing client demand. The company inaugurated a new facility in Bangalore as also expanded its existing sites in Bangalore as well as in Mohali, Punjab. This move ...