Bangalore-based InnAccel Technologies launched Saans ( meaning 'breath' ) the world’s first infrastructure-independent, portable, neonatal CPAP or continuous positive airway pressure system which provides breathing support to critically ill neonates with Respiratory Distress Syndrome. The device can be used in resource-poor settings and during transportation to the neonatal intensive care unit. Developed...
France's Alten Group Acquires Chip Designer in India
Alten Calsoft Labs, a subsidiary the $2.2-billion French IT firm Alten Group, acquired chip design company Si2Chip based in Bangalore. With this acquisition, the company adds 200 engineers to its very large-scale integration (VLSI) domain and enhances its semiconductor portfolio. Ramandeep Singh, CEO of Alten Calsoft Labs, said, "The Si2Chip...
Canada's AGI Acquires India's Milltec Machinery
Winnipeg, Canada-based Ag Growth International (AGI), announced the acquisition of Bangalore-based Milltec Machinery Limited. The purchase price for Milltec was CA$109.5 million, plus the potential for up to an additional CA$38.4 million based on the achievement of EBITDA targets. The deal enables the Canadian company to enter the rice equipment industry...
Swiss Fiber Maker Scales Up R&D, Manufacturing in India
Ahead of 5G services rollout in India, Swiss optical fiber major Reichle & De-Massari (R&M) will scale up its R&D and manufacturing activities in India. The company has already set up manufacturing operations in Bangalore to supply fiber to telecom carriers and data centers worldwide. "India is the third-largest market...
Brookfield Asset Management Acquires Leela Hotels
Brookfield Strategic Real Estate Partners III, a fund managed by Canada's Brookfield Asset Management, signed an agreement to purchase luxury hotel brand Leela Palaces and Resorts Limited from the holding company Hotel Leela Venture. The deal includes four luxury hotels located at Delhi, Chennai, Bangalore, and Udaipur, a land parcel...
Ericsson to Increase AI Investments in India, Ramp Up Hiring
Swedish telecom gear maker Ericsson will increase its investment in Artificial Intelligence (AI) in India, Sweden, and the U.S. to enhance its managed service business. "It is super important for us that we increase AI investments and we are doubling down on India, Sweden, and Silicon Valley," said Peter Laurin,...