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...
Enphase Energy Launches R&D Center in India
Petaluma, California-based energy technology company and supplier of solar microinverters, Enphase Energy Inc., opened it first Indian R&D center in Bangalore. "I am pleased to announce our first R&D center in India, which is an important part of our overall global strategy," said Badri Kothandaraman, president and CEO of Enphase...
U.S. Invests the Most in India's Startups
According to New York-based CB Insights, U.S.-based investors are the most active foreign participants in India’s start-up ecosystem over the past five years, making over 800 equity deals during the period. In the list of top five foreign investors in India’s technology ecosystem, U.K., with 1% of deals stood at...
U.S. Companies to Ship 1.6 million tons of Ethane to India
Planning to replace natural gas and naphtha at its petrochemical plants, Mumbai-based Reliance Industries Limited will procure 1.6 million tons of ethane from three companies in the U.S. Reliance Industries has three joint ventures in America: one with California headquartered Chevron Corp, in which it has invested $1.7 billion; the...
Mobius: Stock Indices in India May Double in 3-4 Years
Dr. Mark Mobius, executive chairman of Templeton Emerging Markets Group, an affiliate of San Mateo, CA-based Franklin Templeton Investments, expects India's Stock Exchange indices,the Nifty and the Sensex to double within the next three or four years. "This is due to the high growth rate of the country and a...