Joining peers such as KKR & Co., and The Carlyle Group, New York-based asset manager Blackstone Group LP raised $9.4 billion in two Asia-focused funds. The company hit the final close on its first Asian private equity fund at $2.3 billion, and its second regional real estate fund at $7.1...
Nexteer Automotive to Set Up Software Center in India
Auburn Hills, MI headquartered Nexteer Automotive announced its intention to open a Software Center in India. This Center will be the latest addition to the company’s global software team that operates under one digital roof with locations in Saginaw, U.S.; Tychy, Poland; and Suzhou, China. The Center will focus on...
KKR, TPG Bid for India's Fortis Healthcare
On April 18, I had blogged about San Francisco, CA-headquartered TPG Capital-backed Manipal Hospitals acquiring Fortis Healthcare's hospital assets. However, Fortis' shareholders objected to the acquisition, since the deal on behalf of Fortis hospitals had been approved by a board of directors elected during the ownership of Fortis' previous management who...
Huawei, Xiaomi Encourage Their Suppliers to Invest in India
China’s Huawei is encouraging its global suppliers to invest in India in order to build a mobile phone components ecosystem as the company aims to manufacture 90% of its phones in the country by the end of this year, Peter Zhai, president, Huawei India Consumer Business Group, said. "Since we...
Lenovo to Manufacture Smart Wearables in India
Headquartered in Beijing, China, and Morrisville, North Carolina, the Lenovo Group Ltd., is looking to raise its share in the India market three times over. Since last year, when the firm started selling its wearables HW02 fitness band and HX03W cardio smartband through e-commerce sites in India, it achieved a 6-7...
China's Xiaomi Expands Manufacturing Base in India
China's Xiaomi will inaugurate three new factories in India as its smartphones sell more than those of any other company in India. These plants are in partnership with Taiwan's electronics firm Foxconn. Additionally, Xiaomi and Foxconn will work together on a new plant in the southern state of Tamil Nadu...