ISRO, the Indian Space Research Organization is working with NASA to advance the launch of a satellite that was expected to be launched in 2021 to monitor climate change and earthquake patterns. The NASA ISRO Synthetic Aperture Radar, or NISAR, is designed to observe and take measurements of some of...
McKinsey: Emerging Demographics Are the New Emerging Markets
“Urban World: The Global Consumers to Watch”, a report by the McKinsey Global Institute says that global urban consumption is expected to grow by $23 trillion over 15 years, at a compound annual growth rate of 3.6 percent. 32 cities globally, including two from India - Delhi and Mumbai –...
MTS Inaugurates its Sales and Service Office in India
Minnesota-based MTS System Corporation, global supplier of high-performance test systems and position sensors, announced the formal opening of its Indian sales and service office in Chennai. The company has been doing business in India for more than 35 years and, with the Chennai facility, the company will continue to expand...
Companies in India Join the IBM Watson Ecosystem
InspireOne Technologies based in the northern Indian state of Haryana, and TEXTIENT a Chennai-based Software as a Service platform are the two initial India-based organizations to join IBM Corp's Watson Ecosystem. They will start creating cognitive computing solutions in India, reports TechStartup. India is poised to usher in this next...
Mindtree, India to Acquire Magnet 360 of Minneapolis
According to a press statement, IT services firm Mindtree Ltd., based in Bangalore, India, will acquire Minneapolis-based Magnet 360, a Salesforce.com platinum consulting partner, for $50 million in cash, in a move to address the cloud-based services market. The deal features an upfront payment of $37 million and an additional...
Food Delivery Startup Raises from New York's Harmony
Swiggy, a food ordering and delivery startup based out of Bangalore, India, raised $35 million in a Series C round of funding. The company attracted two new investors, New York-based venture capital firm Harmony Partners Ltd., and Singapore-headquartered venture capital firm RB Investments Pte. Ltd. Existing investors Norwest, SAIF and...