Analysts differ on their opinions on whether India stands to gain if there were to be a trade war between the U.S. and China, but the majority say India stands to benefit from the tensions. The Economic Times reports that Seshadri Chari, a national executive member of the ruling Bharatiya...
India's Motherson Sumi Acquires Finland's Automotive company
Noida, India-based automotive component firm Motherson Sumi Systems, a joint venture between its parent Samvardhana Motherson Group and Sumitomo Wiring Systems of Japan, acquired Finland’s PKC Group Plc for about $609 million. “We are very happy to announce that we have successfully acquired 93.75 per cent shareholding in the PKC...
Flexible Office Concepts Gain Traction in India
To set up its presence in India, China's e-commerce firm Alibaba rented 30 seats in a flexible office in Bangalore. The deal for the dedicated seats or private studios is with co-working community venture CoWrks one of the largest commercial real estate developers in the country. Sidharth Menda, CEO at...
Carlyle's $1 Billion Growth Fund to Focus on India and China
Washington D.C.-based global private equity firm Carlyle will raise $1 billion under its new Asian growth fund largely focused on investing in India and China. Per a disclosure, the International Finance Corp is one of its Limited Partners, and the private sector investment arm of World Bank has committed $25...
WIPO Head: India Will Be Major Hub of Innovation
In an interview with the Economic Times, World Intellectual Property Organization director general Francis Gurry discussed issues of Intellectual Property and Innovation with respect to India. Snippets of Gurry's opinions during the conversation: There has been a shift in innovation in the last 20 years, from a total domination by...
India Best Country for Wall Street Says Forbes
New York-based Wisdom Tree, that pioneered the concept of fundamentally weighted Exchange Traded Funds (ETFs) and active ETFs, says that its India Earnings (EPI) Fund is up 12.8% year-to-date and is ahead of China, Indonesia, Thailand, Vietnam, South Korea and Japan. Gaurav Sinha, strategist for Wisdom Tree said, "If you look...