Luxembourg headquartered and NYSE-listed Globant, a technology services company, is expanding its operations in India with the launch of its new development center in Pune, 90 miles to the east of Mumbai, reports Business Standard. The Pune center is equipped to house 1,200 employees. Guibert Englebienne, Globant chief technical officer...
Flipkart Claims User Base Exceeds 100 Million
India's e-tailer Flipkart crossed the 100-million registered users mark, becoming the first e-commerce company in the country to hit the milestone. Its investors include Tiger Global, Naspers, Accel Partners, Morgan Stanley Investment Management, T Rowe, and GIC, Singapore’s sovereign wealth fund. The Bangalore-based company doubled its user base over the...
ISRO Places 8 Satellites in Two Different Orbits
India's Space Research Organization has successfully launched 8 satellites in two different orbits in a first ever payload launch of the kind. Mashable reports that the entire mission took 25 days since the team experienced many unprecedented challenges. The Polar Satellite Launch Vehicle -C35 had to be re-ignited a second...
Twitter Lays Off Engineering Team in India
Twitter is closing down its engineering operations out of Bangalore, India, and is laying off some 20 engineers in the process, the company confirmed to TechCrunch. The number is a very small percentage of its overall staff of 3,800 people internationally. The company will continue to operate three offices in...
India's Genei Labs Acquires Merck's GeNei
Bangalore, India-based Genei Laboratories led by Dr. S. Chandrashekaran acquired the manufacturing facilities of GeNei from Merck Life Sciences Private Limited in an asset purchase deal. GeNei manufactures high-quality lab reagents in India since its founding in 1989. Its products range from molecular biology, genomics and proteomics reagents, to kits...
Zuckerberg Invests in India's EdTech Firm Byju's
The Chan-Zuckerberg Initiative -- founded by Facebook CEO Mark Zuckerberg and his wife Priscilla Chan -- invested $50 million in BYJU's, an edtech firm based in Bangalore, India that has created a learning app for school students as well as for those aspiring to undertake competitive exams such GRE and...