A report titled Digital Dynasties: The Rise of Innovation Empires Worldwide by Paris, France-based technology consulting and services firm Capgemini has listed Bangalore, India, as one of the top five most preferred locations for multinational companies that want to set up innovation centers and harness technology talent. India, which did not figure in the top 10...
Electrolube Sets Up Manufacturing Plant in India
Leicestershire, U.K.-based Electrolube, maker of electro-chemicals, established a new manufacturing facility in Bangalore, offering the advantages of shorter lead times and reliability of supply. Electrolube India has run a successful technical sales operation in the city since 2012, reports EMSNow. The new factory, which will start operations in August 2016, will have...
Cisco India Manages One-Third of Total Product Revenue
In an interview with the Times of India, Amit Phadnis, president engineering and India site leader of Cisco, discussed the progress the company's Globalization Center in Bangalore has made. Excerpts from the interaction: On the extent of innovation taking place at Cisco's R&D center in Bangalore Phadnis: We have developed...
Cisco Inaugurates 2nd Global Delivery Center in India
San Jose, CA-based Cisco Inc., launched its second Global Delivery Center in Pune, 91 miles east of Mumbai, making India the only country in the world where the company will have two global delivery centers, reports the Times of India. The Pune center builds on the success of the Global Delivery Center at Bangalore which...
JPMorgan Expands Footprint in India
New York-based JPMorgan Chase & Co. will open three branches in India, even as global competitors HSBC and UBS are scaling back to cut costs and bolster capital. JPMorgan is witnessing an increasing level of cross-border activity among its clients as they capture more business driven by India's economic growth, Madhav...
J.C. Penney Sets Up Technology Center in India
Dallas based J.C. Penney is opening an IT office in Bangalore, India, as it restructures that critical department. The 130,000 square feet technology center will focus on analytics, innovation and reporting capabilities, Joey Thomas, a spokesman for Penney, said. The company is hiring full-time IT engineers and analytics professionals for the new...