Chennai, India-based Skill-Lync, an online education company is developing a service that helps India’s estimated 1.5 million mechanical engineering graduates to further develop their education into the skill sets that employers in the U.S. seek. The company is part of the Y Combinator, a startup fund based in Mountain View,...
Danish Fashion Brand Hummel Opens 5 India Stores
Founded in 1923, Hummel, a sportswear company based in Aarhus, Denmark, inaugurated five stores in India and plans another ten by the end of this year. The first five stores, which are franchised, are located in Bangalore, Pune, Chennai, Surat, and Amritsar. Soumava Naskar, managing director of Hummel India, said...
Alstom Exports Driverless Trains Made in India
Australia’s first fully-automated rail service, the newly launched North West Line by Sydney Metro, has been made in India. The new-generation metro trains were manufactured by French multinational company Alstom in Sri City, an integrated business city located in India's southern state of Andhra Pradesh, thirty-five miles north of Chennai....
Global India Tech Centers Record Business of $28 billion in 2018
The market size for global capability centers (GCC), also known as multinational tech centers, amounted to $28.3 billion in 2018, compared to $19.5 billion in 2014 according to a study by industry body Nasscom. With over 1,250 and counting, India has the biggest presence of GCCs in the world, (the...
India's Auto Components Maker Invests $90 Million in South Carolina
Chennai-based Sundaram-Clayton Limited, one of the largest auto components manufacturing and distribution group in India, inaugurated a $90 million factory on 50 acres in Dorchester County in the Ridgeville Industrial Park of South Carolina, one of U.S.'s fast growing automotive and manufacturing hubs. The plant will produce 1,000 tons of...
Everstone Acquires India's CPC Diagnostics
Singapore headquartered private equity firm Everstone Group’s healthcare platform Everlife has made its first investment in India in Chennai-based CPC Diagnostics. The deal will help Everlife include core in-vitro diagnostic segments in its portfolio of medical devices and expand its presence to India. Founded in 1987, CPC Diagnostics is a...