San Francisco-based denim corporation Levi's merged its South Asia market operations with those of the Middle East and North Africa citing common consumer preferences and synergies across these markets. These three geographies account for $200 million in wholesale revenue, and form the fastest growing business unit within Levi's globally. The...
Indian Startup Uses Artificial Intelligence to Detect Breast Cancer
NIRAMAI, an acronym for Non-Invasive Risk Assessment with Machine Intelligence, uses thermography and machine learning to detect early signs of breast cancer. Founders of Bangalore-based startup Niramai Health Analytix, Dr. Geetha Manjunath, a PhD in computer science and Nidhi Mathur an MBA from the Indian Institute of Management, Bangalore, developed...
Boeing to Set Up Engineering and Technology Facility in India
Seattle-based commercial aircraft maker Boeing will invest $170 million to set up a new facility for engineering and technology which will manufacture and assemble electronics /avionics in Bangalore, India. The Karnataka state government gave permission for the project which will be set up on about 36 acres of state-owned land...
Google Invests $12 million in Indian Startup
Having picked up a significant minority stake in Bangalore, India-based Dunzo, a hyper-local concierge and delivery player, Google made its first direct investment of $12 million in an Indian startup. With a chat-based interface, the Dunzo app facilitates daily tasks management -- individuals can create ‘to-do lists’ and collaborate with...
Enphase Energy Launches R&D Center in India
Petaluma, California-based energy technology company and supplier of solar microinverters, Enphase Energy Inc., opened it first Indian R&D center in Bangalore. "I am pleased to announce our first R&D center in India, which is an important part of our overall global strategy," said Badri Kothandaraman, president and CEO of Enphase...
iPhone Assembler to Expand Operations in India
With Apple's earnings in India doubling year-on-year, Taiwanese manufacturer Wistron, primary iPhone assembler in India, is scouting for 100 acres of land in Bangalore to expand its facilities. Though Apple is currently a minor player in India, its potential is huge. CEO Tim Cook said on the earnings call in early...