New York-based WeWork plans to take majority control of its India affiliate, in a deal that will allow the shared-office startup to consolidate financial results from the fast-growing unit as it prepares for an initial public offering this year. WeWork India is a brand franchisee controlled by real estate billionaire...
Swedish Trelleborg Opens New Factory in India
Swedish company Trelleborg launched its production facility in Bangalore, India. The new facility, which occupies 67,000 square feet, will manufacture Trelleborg Antivibration Solutions, molded components, and pipe seals and will generate 100 new jobs. Trelleborg plans to create an engineering hub within the facility to equip its team to support...
Danish Fashion Brand Hummel Opens 5 India Stores
Founded in 1923, Hummel, a sportswear company based in Aarhus, Denmark, inaugurated five stores in India and plans another ten by the end of this year. The first five stores, which are franchised, are located in Bangalore, Pune, Chennai, Surat, and Amritsar. Soumava Naskar, managing director of Hummel India, said...
ThoughtSpot Invests Additional $25 Million in India Facility
ThoughtSpot, a Search- and AI-driven Analytics platform headquartered in Sunnyvale, CA, announced plans to invest an additional $25 million in its engineering center in Bangalore, India. The funds will be used to expand its platform as also begin business operations in India to bring augmented analytics to enterprises throughout the...
Google Expands its gChips Workforce in India
Google is expanding its gChips team at its new Bangalore site, including executive and technology professionals. By the end of 2019, Google expects to onboard 70 employees. Bangalore has become a popular technology hub, attracting large and specialty technology companies that are seeking seasoned professionals and rising talent. The city is...
India's Team Indus to Design Equipment for NASA's Moon Lander
NASA is following up its Apollo mission to the Moon with its new mission Artemis in 2024, and has selected three commercial Moon landing service providers that will deliver science and technology payloads under Commercial Lunar Payload Services as part of the Artemis program. The three consortia that will design...