A panel of experts in infrastructure, technology, and transportation, announced ten Hyperloop One winners from five countries -- Canada, India, Mexico, U.K. and the U.S. -- which were chosen from among hundreds of applicants. The two Indian companies that made it to the winning list are Hyperloop India and AECOM...
India's Proklean Tech's Probiotic Products Find Global Markets
Chennai, India-based Proklean Technologies, has an exclusive license from Kansas City's SCD Probiotics for using its certified mother culture to manufacture and market products that are natural, non-toxic, and bio-degradable. These products are used in variety of industries, including leather and textile processing. "Wherever chemical surfactants are used, we have...
Marigold Capital Set to Acquire The Leela in Chennai
Mumbai-based private equity fund Marigold Capital and Investments is set to acquire the Leela Group’s 326-room hotel in Chennai, India, for approximately $109 million. The fund specializes in buying debt-ridden hotels and commercial real estate properties and turning them around. Mumbai-based JM Financial, an investment bank that is the advisor...
Dell EMC to Invest $1 Billion in India
IT infrastructure provider Dell EMC, based in Massachusetts, plans to invest $1 billion to set up its product development center in Pune, a city 75 miles east of Mumbai, as well as expand its manufacturing base in India. The company already has a factory near Chennai, in south India, from...
"Co-Working" Catches on in India
Co-working, a concept where individuals or startups share a common workplace environment, is slowly catching on across prime property markets in India. Across the country, co-working space of 0.73 million sq ft was tenanted last year. "Though still nascent, this category could prove to be a disrupter as bigger co-working...
Warehousing Sector Surges in India
In anticipation of the national Goods and Services Tax roll-out in July, warehousing facilities will increase by 18 percent to 132.5 million sq ft, and this sector is likely to see investments of about $700 million, according to industry experts Delhi-NCR had the maximum warehousing stock in 2016 at 29.3...