Blackstone Real Estate, a subsidiary of New York headquartered Blackstone Group, will acquire Embassy Industrial Parks in India from private equity firm Warburg Pincus and the Embassy Group. With this $717 million deal, Blackstone's India warehousing portfolio will increase to 40 million sq ft. Embassy Industrial Parks’ warehouses are located...
Tata Group’s Titan Expands to Michigan
Titan Engineering & Automation Limited (TEAL), a wholly owned subsidiary of the Bangalore-based Titan Company, has incorporated a wholly owned subsidiary TEAL USA Inc., in the State of Michigan. The entity was approved by the Michigan Department of Licensing and Regulatory Affairs. 100 per cent of the paid up share...
Tesla Moves Forward with India Market Entry
Tesla Inc is scouting for locations to open showrooms in Mumbai, Delhi and Bangalore and has hired an executive to lead its lobbying and business efforts ahead of its planned entry into the country. The world’s most valuable automaker by market capitalization is looking for commercial properties as large as...
Philips Expands India Manufacturing in Pune
In Chakan, near Pune in western India, the medical device unit of Philips is building out a$42 million factory. The company has been present in India for over 90 years and has had operations of various kinds in Pune, some of which it still owns. Over the long term, "We...
Siemens Healthineers Opens Global Innovation Hub in Bangalore
Siemens is locating a center of competence for innovation in digital technologies such as data analytics, artificial intelligence, immersive technologies like augmented and virtual reality, user experience, and cybersecurity in India. The company has Innovation Hubs in the United States, Germany, and China in addition to this one in Bangalore....
Conde Nast launches technology lab in Bangalore
Conde Nast, a media company headquartered in New York and London announced the launch of a technology lab in Bangalore. The company would hire a new team of 60 people this year and over 300 by 2021-end to design and build the next generation of digital content platforms and experiences...