New York City-based Blackstone Group L.P. will invest 60% of its maiden $4 billion Asia-focused fund—BCP Asia—in India. Blackstone’s global private equity fund will contribute around 40% of the deal value for every transaction the firm does in Asia, while BCP Asia will invest the balance. Blackstone, which manages $430...
India's Renalyx Innovates End-to-End Renal Care System
Bangalore-based Renalyx Health Systems has developed an end-to-end renal solution that screens chronic kidney disease, has an in-built renal information management system, and offers a connected dialysis machine. Sixty to seventy million people in India suffer from chronic kidney disease caused by diabetes and/or hypertension. Patients in the final stage,...
Mobile Game Industry Flourishes in India
With increased overseas investment and partnership, India's digital gaming industry is growing rapidly. One of the top five countries for mobile gaming in the world, this sector is already worth over $890 million and is rapidly approaching the $1 billion mark. Currently, the country has more than 250 game development companies,...
Global Wellness Institute Analyzes Wellness Real Estate
In its first in-depth research report 'Build Well To Live Well,' the Miami, Florida-based Global Wellness Institute analyzed the global and regional wellness, lifestyle, real estate, and communities market. Real estate and communities that intentionally put people’s health at the center of design, creation, and redevelopment are the next frontier...
Global, Indian Companies to Boost Smartphone Adoption in India
Google and India's telecom company Bharti Airtel have partnered to launch low-cost 4G smartphones powered by Android Go, a trimmed down version of Android 8.1 Oreo, in India. Noida-based Lava International Limited and New Delhi-based Micromax, will make the first set of 4G handsets powered by Android Go. Vani Venkatesh, chief...
India Regains 'Fastest Growing Major Economy' Status
India regained its status as the world's fastest growing major economy in the October-December quarter, surpassing China for the first time in a year as government spending, manufacturing, and services all picked up. Ministry of Statistics data showed India's economy grew 7.2 percent in the December quarter, beating China's 6.8 percent,...