In an interview, Steven Swerdlow, Los Angeles, CA-based CBRE’s CEO for Asia-Pacific, was queried on where India stands as an investment destination. He said, "India is an emerging market and there is clearly an increased comfort level among foreign capital in investing here. Global investors who balance yield and safety...
ThoughtSpot Invests $10 Million in India R&D Center
Palo Alto, CA-based business intelligence and big data analytics platform ThoughtSpot expanded its engineering operations by establishing an India Engineering Center in Bangalore. This research and development hub is ThoughtSpot’s first in the Asia Pacific region and third globally, complementing offices in Seattle, Washington and its Silicon Valley headquarters. The Center will accelerate the development...
KKR, TPG Bid for India's Fortis Healthcare
On April 18, I had blogged about San Francisco, CA-headquartered TPG Capital-backed Manipal Hospitals acquiring Fortis Healthcare's hospital assets. However, Fortis' shareholders objected to the acquisition, since the deal on behalf of Fortis hospitals had been approved by a board of directors elected during the ownership of Fortis' previous management who...
Gap Launches India-Specific Product Line
San Francisco, CA-based Gap Inc., along with its India joint venture partner Arvind Lifestyle Brands, rolled out a range of products customized according to the fit, color, and design preferences that appeal to Indian consumers. Parag Dani, business head for Gap at Arvind Lifestyle Brands India, explained that the range was...
Boeing Defense Will Supply a C-17 Aircraft to India
The Boeing Co., Defense, Space, and Security, Huntington Beach, California, has been awarded a contract for the provision of one C-17 aircraft in support of the Indian government. The contract is valued at $262 million. Work will be performed in San Antonio, Texas, and is expected to be complete by...
Avery Dennison Inaugurates Innovation and Knowledge Center in India
Glendale, CA-based Avery Dennison, which offers pressure-sensitive label materials that can be designed and manufactured for any application, celebrated 20 years of operations in India, and also launched the Avery Dennison Innovation and Knowledge Center in Pune, 90 miles east of Mumbai. Print Week reports that on the occasion, Darren...