Kuehne+Nagel, the logistics group headquartered in Schindellegi, Switzerland, has opened a technology center in Chennai, in southern India. The company expects 250 technology professionals to work there by early 2027, Container News reported. Kuehne+Nagel moves freight by sea, air and land and runs contract logistics. It employs 76,000 people in more...
KKR Backs New Liquid Storage Platform in India
KKR, the investment firm based in New York, has agreed to take a majority stake in Cisternina Logistics, a bulk liquid and gas storage and logistics company in India. KKR signed definitive agreements, and the financial terms were not disclosed, Mint reported. Cisternina was founded in 2024. The investment will...
Tesla Opens Its Sixth India Showroom, This Time in Chennai
Tesla has opened a sixth showroom in India, this one in Chennai, in southern India, giving the electric-car maker its first dedicated retail and service point in Tamil Nadu. The new Experience Center sits inside Chennai's Express Avenue Mall and will handle sales and after-sales service directly, The Economic Times...
Walgreens Sets Up Its First India Global Capability Center in Chennai
Walgreens is opening its first Global Capability Center in India, choosing Chennai, in southern India, for a technology and business-services hub that the company expects to employ more than 250 people in its first year, according to Deccan Chronicle The Deerfield, Illinois-based pharmacy and healthcare company signed a memorandum of...
EQT Group to Invest $50 Billion in India by 2030
" $50 billion. It's a big number," said Jean Eric Salata, chairman of EQT Group, according to The Economic Times. "It's a much bigger number than what I would have told you 24 months ago because of the significant capital intensity of the data center and energy businesses." Salata made...
Belden Expands Manufacturing for Its Ruckus Wireless Business in India
Belden, the networking equipment maker headquartered in St. Louis, Missouri, is expanding local manufacturing capacity at its existing facility in Pune, India, to build Ethernet switches for its Ruckus Wireless business, according to Business Standard. The move follows Belden's $1.8 billion acquisition of Ruckus Wireless and marks a break from...