Adding to its engineering centers in Mumbai and Gurgaon, India, Danaher Corporation inaugurated a 500-person research and development center in Bangalore. Spread over 100,000 square-feet, the center will focus on higher-end development. "We are looking to expand with a $100-million outlay in the next two to three years. We aim...
Aricent Acquires India’s SmartPlay Technologies
California-based pure-play product engineering and software firm Aricent acquired SmartPlay Technologies of Bangalore for $180 million. 1,100 developers at Aricent and the staff of 1,200 at SmartPlay will be combined to create a new group that will focus on custom versions of chip sets for servers, game consoles and other...
CDI Announces Definitive Agreement to Acquire ScaleneWorks, India
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...