Carlyle Group LP, the Washington DC-based global alternative asset manager said that it had bought a majority stake in India's Newgen KnowledgeWorks, a provider of publishing and technical services, for $32.8 million. Carlyle acquired a 54.8 percent stake in the Chennai-based company through First Carlyle Ventures III, an investment fund...
Danfoss India Commissions $80 Million Facility in Chennai
Danfoss India, a subsidiary of Danfoss Global, Denmark, inaugurated its new manufacturing, research and development campus in Oragadam, near Chennai. This campus encompasses facilities for research and development, skill development, and product development along with a customer application development center and testing labs with a focus on innovation for customized...
WindStream Technologies’ Latest Joint Venture in India
WindStream Technologies announced that it has closed a Joint Venture agreement with West Coast Ventures (India) Pvt. Ltd., based in Chennai, and DEEPAN Energy Venture LLP, which has committed $2 million dollars for an equity stake in the JV. The new company, WindStream Energy Technologies, India, Pvt. Ltd., will establish...
American Tourists to India Can Now Get Visas More Easily
Most American tourists can soon obtain visas to travel to India much more easily. The new plan does not help business travelers. According to media reports, this single-entry tourist visa is valid for 30 days, and a traveler may apply twice in a year. You submit an online application, pay...
Gov. Hayley’s India Trip to Attract Jobs to U.S.A.
The newly re-elected Republican governor of South Carolina, Ms. Nikki Hayley arrives in India on November 13 on a 10-day mission involving the state's commerce and tourism agencies. Gov. Hayley will be traveling to the Indian cities of Amritsar, Chandigarh, Chennai, Mumbai, and New Delhi hoping to persuade companies to...
Investors’ Growing Appetite for Vehicle-Rental Startups in India
Indian vehicle-rental startups focused on urban transportation needs are getting funding by US venture capitalists. With one of the world’s lowest car-ownership rates–18 out of 1,000 people, according to the World Bank — India has a large pent-up demand for vehicles. Sequoia Capital has invested $8 million in Zoomcar, an...