Manufacturer and integrator of turnkey robotic handling solutions, Cimcorp, will launch a new facility in Chennai, India, in June this year in response to the growing demand for automation in the Indian tire industry. Masatoshi Wakabayashi, CEO at Cimcorp, said, "The decision to expand our presence into India was a logical...
Hong Kong's Baring PE Acquires Assets in India
Hong Kong-headquartered alternative asset management firm Baring Private Equity Asia will acquire Chennai and Newark-based AGS Health Private Limited for $320 million. AGS is an analytics-driven, technology-enabled Revenue Cycle Management company providing medical billing, medical coding, and business analytics services to healthcare providers across the U.S. Private equity buyout specialists...
Foxconn to Start Trial Production of Latest iPhones in India
Taiwan-based Foxconn Technology Group will start trial production of iPhone X range devices in its factory on the outskirts of India's southern city of Chennai. Production of its phones in India will allow Apple to avoid import duties of 20 percent and also meet the 30 percent local sourcing rule...
Brookfield Asset Management Acquires Leela Hotels
Brookfield Strategic Real Estate Partners III, a fund managed by Canada's Brookfield Asset Management, signed an agreement to purchase luxury hotel brand Leela Palaces and Resorts Limited from the holding company Hotel Leela Venture. The deal includes four luxury hotels located at Delhi, Chennai, Bangalore, and Udaipur, a land parcel...
MachineVantage Appoints Head for India Operations
Berkeley, CA-based technology services company MachineVantage appointed Dr. Rajan Srikanth as president of its India operations located in Chennai. Applying neuroscience-based artificial intelligence and machine learning systems to isolate and analyze the unique non-conscious inputs that impact consumers, MachineVantage delivers insights into the key drivers of consumer perceptions and behaviors....
Syrma Technology to Expand in India’s Electronics Market
With the opening of its fifth and most recent electronic devices manufacturing facility in Bawal, located in the Delhi-Mumbai Industrial Corridor, San Jose, CA and Chennai-based Syrma Technology aims to become a leader in India’s fast-growing automotive, industrial, aerospace, defense, and healthcare electronics market. The new facility, built at an...