Stamford, CT-based Harman, a wholly-owned subsidiary of Samsung Electronics Company, announced an expansion to its automotive electronics manufacturing plant at Chakan, near Pune, in India's state of Maharashtra. Established in 2014, this plant currently manufactures highly sophisticated connected car solutions including automotive infotainment units for India’s domestic and global automotive...
India to Establish Itself as a Filming Destination
The Government of India set in motion fresh initiatives to establish itself as an international shooting destination in the same league as well-established location sectors in Eastern Europe or Latin America. Authorities in 2016 established the Film Facilitation Office (FFO) with the aim "to streamline approvals for both foreign and...
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...
South African Restaurant Chain to Expand in India
Having set up its first outlet in Delhi in February this year, South African casual dining restaurant chain Barcelos that serves Portuguese cuisine, aims to expand its footprint in the country. "The company sees India as one of the biggest opportunities to establish and expand its brand. Barcelos will have...
Small Grocery Stores in India Digitize
With the grocery business in India being dominated by big names such as Flipkart, Walmart, Amazon and Grofers, as well as supermarket chains, smaller family-owned kirana stores are finding ways to stay relevant in this sector. The biggest advantage the kirana's have is proximity to the customer as well as...
ThomasLloyd Invests in India's SolarArise
Zurich-based global investment and advisory firm, ThomasLloyd, solely dedicated to the infrastructure sector in Asia, acquired a significant stake in the Delhi-based solar project developer SolarArise India Projects Private Limited to become its largest shareholder. This is ThomasLloyd’s first renewable energy investment in India. With this acquisition, it will be...