Stamford, CT-based Harman, a wholly-owned subsidiary of Samsung Electronics Company, announced an expansion to its automotive electronics manufacturing plant at Chakan, near Pune, in India's state of Maharashtra. Established in 2014, this plant currently manufactures highly sophisticated connected car solutions including automotive infotainment units for India’s domestic and global automotive...
Morgan Stanley Invests in India's Manipal Health
New York City headquartered Morgan Stanley's India Infrastructure arm will invest $14 million in Bangalore-based Manipal Health Enterprise Private Limited. HealthMaP Diagnostics Private Limited, a joint venture between Manipal Health and Philips India Limited, will use the capital to expand its presence to 75 centers in the next three years....
India's InnAccel Technologies Launches Neonatal CPAP Device
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...