San Jose, CA-based cloud technology services provider Zymr Systems inaugurated its third development center in India's southern city of Bangalore the fourth largest technology cluster in the world after Silicon Valley, Boston, and London. Ashok Desai, chief business officer and co-founder said, " Zymr can establish even closer ties with the...
India Nutraceuticals Grow at Double Digit Rates
The nutraceuticals market in India is expected to grow to $18 billion by the end of 2025, according to a report in the Times of India, the largest circulating English language newspaper in the country. Currently, the Indian market imports $ 2.7 billion worth of nutraceuticals. The dietary supplements segment...
Blackstone Increases Investment in India’s Logistics Segment
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...