Brookfield Strategic Real Estate Partners III, a fund managed by Canada's Brookfield Asset Management, signed an agreement to purchase luxury hotel brand Leela Palaces and Resorts Limited from the holding company Hotel Leela Venture. The deal includes four luxury hotels located at Delhi, Chennai, Bangalore, and Udaipur, a land parcel...
Canada's Wattpad Partners with India's Times Bridge
Toronto, Canada-based social storytelling platform Wattpad, partnered with Redwood City, CA-headquartered Times Bridge, the global investments and partnerships arm of Indian media group The Times of India, to grow its presence in India. Wattpad uses machine learning to discover stand-out stories among the over 565 million stories on its platform,...
Magellan Aerospace Launches Manufacturing Facility in India
Ontario, Canada-based Magellan Aerospace Corporation opened a new manufacturing and assembly unit in India. The 100,000 square foot Magellan Aerospace (India) Private Limited is located near the Bangalore International Airport. The plant will specialize in high speed milling and turning of aerostructure and aeroengine components produced from both aluminum and hard...
Canada's AMP Solar Buys the Rest of India's Rudra Solarfarms
Mississauga, Canada-based AMP Solar had acquired a 49 percent stake in Rudra Solarfarms Limited a subsidiary of Suzlon Energy based in Pune, India, in December 2016. The Canadian global developer of flexible clean energy infrastructure, has now acquired the remaining 51 percent stake in Rudra Solarfarms for $2 million. Rudra...
Canada's Communitech Partners India's T-Hub
Headquartered in India's southern city of Hyderabad, T-Hub, India's largest incubator for startups, has partnered with Ontario-based Communitech to pick nine Canadian tech start-ups for the 'Global Bridge: Canada-India' program. Launched in July this year, the program aims to provide Canadian startups and scale-ups with market access opportunities to grow their...
ALR Technology to Introduce its Diabetes Management System in India
Richmond VA-based medical device company ALR Technologies (ALRT) will collaborate with Mumbai, India-based Aspire Cerebro, a healthcare communication company, to market ALRT’s comprehensive diabetes management systems to India's estimated 100 million diabetes patients. Aspire Cerebro Advertising Limited, with offices in Calgary, Canada, will work with its counterpart in India to...