Feeling positive about the government's Make in India initiative, French engineering and transport company Alstom of France will double its business in the country to almost $1billion in the next three years. "We love doing business in India. We are finding good business environment in India. We are looking at...
Hershey Considers India “Key for Continued Growth”
Global confectionery major Hershey has seen a strong quarter of growth in India, and says it is committed to investing in this emerging market. Mydigitalfc.com reports that Hershey India, a subsidiary of The Hershey Company, operates both its confectionery and beverage lines from regional sales offices in Mumbai, Delhi, Chennai...
Burger King to Expand in India
Burger King made an entry into the Indian market last November in a joint venture with Everstone Capital, and it opened 12 outlets in the National Capital Region and Mumbai. During the course of this year, more outlets will be opened in Bangalore and Punjab, said Rajeev Varman, CEO of...
Cushman Predicts 46 million square feet of New Office Space in 2015
According to VCCircle.com, global real estate consultancy firm Cushman & Wakefield has reported that Bangalore, NCR, Mumbai, Hyderabad, Pune, Chennai, Ahmedabad, Kolkata are the top eight cities that are expected to have a robust supply pipeline of 46.4 million square feet of office space available in 2015. The release said...
Carlyle Group Acquires Majority Stake in Indian Publisher
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...