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...
Google, Verily Launch Screening for Diabetic Retinopathy in India
Google, and its affiliate, South San Francisco-based Verily (subsidiary of Google parent Alphabet), have been conducting a global clinical research program with a focus on India to screen for two conditions that impact millions of people worldwide: diabetic retinopathy and diabetic macular edema. The studies involved Aravind Eye Hospital at...
Indian Company Acquires Two U.S. Life Science Companies
Chennai, India-based TAKE Solutions Limited, a business technology company focused on life sciences and supply chain management, will acquire two U.S.-based companies: KAI Research for $27 million, and clinical research and functional service provider DataCeutics Inc. for $45 million, both in cash. Rockville, MD-based KAI Research is a full-service contract...