On December 3, 2018, Defense Secretary James N. Mattis welcomed India's Defense Minister Nirmala Sitharaman to the Pentagon for the fourth set of talks the two defense leaders have held this year. Both nations share "the same principles, values and respect for the rules-based international order," Mattis said at the...
Skechers to Expand Footprint in India
Manhattan Beach, CA-based Skechers, which has 200 stores currently in India, is aiming to increase this number to 350 by December 2019. CEO Rahul Vira said, "We are going to enter into the apparel and accessory segments, and will roll out a fresh product line. We will be ready with...
U.S. Almond Farmers Face Drop in Demand
The U.S. dominates the global almond market, accounting for just under 80 percent of production and 70 percent of the export market. However, after U.S. almonds were targeted by leading importers China and Turkey as retaliation against Washington’s steel and aluminum import duties, the price of almonds fell 14 percent...
TiE SoCal's Med-Tech Event Emphasizes Diagnostics in Healthcare
The Indus Entrepreneurs (TiE), a nonprofit venture devoted to entrepreneurs in all industries, held a discussion on the role of interventional medical devices at their meeting this July in southern California. Panelists at this event were Ajit Mishra, Sanjay Srivastava, and Dr. Santosh Kookal, while I was the moderator. Srivastava...
ServiceNow Inaugurates India R&D Center
ServiceNow, Inc., a cloud computing company headquartered in Santa Clara, California, opened a new R&D center in Hyderabad, India, where its engineering teams will develop the company's next generation AI and machine learning capabilities. Additionally, the center will expand ServiceNow's product engineering, product management, applications development, service engineering, product operations,...
Sequoia to Raise $1 Billion India-Focused Fund
Menlo Park, California-based Sequoia Capital plans to raise up to $1 billion for its sixth India-focused fund, making it the largest corpus raised for India markets. The corpus will be raised across multiple vehicles, such as as venture capital focused on technology companies, and growth-stage capital focused on consumer and...