Blackstone, the alternative asset manager in New York City, has opened a global capability center in Bengaluru, in southern India. The center is the firm's second office in India. The Economic Times reported that the new site will support Blackstone's businesses worldwide. The center sits in an office park in...
Nike Launches Its First Running Shoe Made for India
Nike, the sportswear maker based near Beaverton, Oregon, has launched its first running shoe designed specifically for India. The shoe, called the Vegam Run, costs $40 at current exchange rates. It goes on sale November 1 on Flipkart, India's e-commerce marketplace, and at select retail outlets, according to The Economic...
Amazon and Tata Motors to Deploy 3,000 Electric Trucks in India
Amazon and Tata Motors will put 3,000 electric trucks on Amazon's transportation network in India, the two companies announced on Tuesday. The Economic Times reported that Heavy Industries Minister H.D. Kumaraswamy flagged off the first group of trucks in Delhi, in northern India. A senior Amazon executive said all 3,000...
Uber Plans Black Service Expansion in India
Uber plans to bring its premium Uber Black ride service to most of India's big cities, after a recent launch in Pune, in western India, according to a report in Mint. Uber, which is based in San Francisco, California, runs ride-hailing in India and offers Uber Black as its chauffeur-style...
Truist Expands Its Hyderabad Capability Center With Infosys
A Truist Bank branch in Chevy Chase, Maryland. (Photo: Tony Webster, CC BY 2.0, Wikimedia Commons) Truist Financial is expanding its work with Infosys on the bank's outsourced global capability center in Hyderabad, in southern India, according to a StreetInsider report of the Infosys announcement. The two companies plan to...
Applied Materials Wants India Team to Own Chip Equipment Products
Applied Materials, the semiconductor equipment maker in Santa Clara, California, wants its India team to take ownership of some of its global product lines, Fortune India reported on October 20. The company supplies the equipment, services and software that chipmakers use to manufacture semiconductors. The company plans to give its...