Philadelphia-based CDI Corporation announced a definitive agreement to acquire ScaleneWorks People Solutions LLP, a privately held company headquartered in Bangalore, India that provides talent acquisition solutions. The financial terms of the transaction were not disclosed. The closing of the deal is subject to certain conditions, including regulatory approval by Indian...
CBRE Predicts Steep Rise in Luxury Retail
Los Angeles-based property consultant CBRE expects the supply of retail space for luxury brands in India to double in the next three to four years. Vivek Kaul, head of retail services India, CBRE South Asia said, "The existing stock of luxury retail space in the country is approximately a million...
GM Will Invest $1 Billion in India
The Detroit car maker General Motors Co., said that it will invest $1 billion over the next few years to turn India into a global export hub. This investment will be part of a $5 billion commitment to develop a global family of Chevrolet vehicles along with Shanghai Automotive Industry...
Alstom to Double its Business in India
Feeling positive about the government's Make in India initiative, French engineering and transport company Alstom of France will double its business in the country to almost $1billion in the next three years. "We love doing business in India. We are finding good business environment in India. We are looking at...
Make in India: Aequs Commences New Automotive Manufacturing Facility
In the latest example of a commitment to the ‘Make in India’ initiative, Aequs Automotive, headquartered in Bangalore, announced the inauguration of its new 100% export-oriented automotive manufacturing facility in Belagavi. Located in the state of Karnataka, Belagavi is India’s first precision engineering special economic zone. The 27,000 square feet...
Google, Amazon Expect to Spike Sales in India
Internet Multinational Companies are growing fast in India. Last month, Google announced the setting up of its largest campus outside the U.S., in Hyderabad, India. The 2 million square feet facility — the first company owned premises in Asia — is expected to house 13,000 employees when it’s ready in...