Swedish furniture and home furnishing retailer Ikea inaugurated its first store in India on August 9 in the southern city of Hyderabad and will soon have two more. The 400,000 square foot facility in Hyderabad has the biggest Ikea restaurant anywhere in the world, with seating for 1,000 people. In India,...
Qualcomm to Set Up Campus in India
Semiconductors and telecom major Qualcomm will invest $400 million to set up its largest facility outside its headquarters at San Diego, CA., at Hyderabad in India's southern state of Telangana. Phase-1 of the project will include a built-up space of 1.7 million square feet to house 10,000 employees. Qualcomm already...
Mavenir Expands Footprint in India
As it grows its presence in India, Richardson, TX-based Mavenir, that offers a portfolio of digital services to enable global communications across a variety of mobile devices and platforms, appointed a regional vice president for India/South Asia region. Mavenir has over 1,300 people in India/South Asia region with offices in...
OnePlus to Set Up R&D Center, HQ in India
Shenzhen, China-headquartered smartphone manufacturer OnePlus is set to establish an R&D center in India this year, as well as establish its global hub (outside China) in the country. The second global headquarters in India will help the company "decentralize the operations." The Chinese company first entered the Indian market in...
Apple to Open Stores Across India
Apple Inc., plans to open new retail locations in New Delhi, Bangalore, and Mumbai, and over time, the company will continue its expansion within India. The company is working on year-round deals to reduce prices; cutting supplies to retailers who fail to hit sales targets; encouraging iPhone recommendations; training retail...
Solar Cells from India to Power Satellites in Space
The Indian Space Research Organization (ISRO) will mass-produce solar cells that can be used in its space programs. ISRO has imported technology from the U.S. and will start manufacturing these products under the supervision of its scientists at the state-owned Bharat Electronics Limited based in Bangalore. Unlike the conventional solar...