Brookfield Infrastructure Partners, a private investment firm headquartered in Canada, will buy the telecom tower business of Reliance Communications Ltd (RCOM) for $1.6 billion in cash. This deal is the second biggest private equity deal ever in India. RCOM’s telecom towers are part of Reliance Infratel Ltd and these will...
Canada Pitches Lumber to India Market
With the prospect of U.S. Government duties being levied on Canadian lumber, Mike de Jong, British Columbia's minister of finance, is looking to sell softwood lumber to customers in India and China, reports Canada Business. De Jong said, "We are amplifying our efforts to do something we did around (the...
Datawind Enters the Smartphone Market in India
Mississauga, Canada-based Datawind, a developer of wireless, web-access products and services, announced that it will launch three 4G LTE-capable phones in India in October. The smartphones will be priced between $45 and $75, and will be manufactured in the company’s plants in Amritsar and Hyderabad, reports Mashable. The company has...
Tinder Rolls Out Group Chat Features in India
InterActiveCorp, New York-based Tinder is launching a new feature, Tinder Social, that allows groups of friends to discover each other and meet up. The company chief told the BBC that this move marked the "first step that we're taking to make Tinder more social and a little broader when it comes to...
Vin Diesel Paired with India's Deepika Padukone
Americans have been enchanted by India's Priyanka Chopra on the ABC Television prime time hit, Quantico. Soon an Indian female will hit the big screens of Hollywood. Ahead of the 17th International Indian Film Awards held in Madrid, Spain this year, Bollywood super-star Deepika Padukone disclosed in an interview with...
Polycom Sets Up Third R&D Center in India
San Jose, California-based Polycom, (recently acquired by Canada-based telecom service provider Mitel Networks) has opened its third R&D facility in India. The move will make India the largest R&D center for the company since it already has two research facilities in Bangalore and Hyderabad, reports Economic Times. Inaugurated by Michael...