Twitter is closing down its engineering operations out of Bangalore, India, and is laying off some 20 engineers in the process, the company confirmed to TechCrunch. The number is a very small percentage of its overall staff of 3,800 people internationally. The company will continue to operate three offices in...
Credit Suisse: Commodity-Intensive Growth Has Started in India
Swiss financial services company, Credit Suisse recently spent time in India to ascertain the status of mineral resources and commodities. “India looks to be firing at last,” was one of the headings in the bank’s report. The investigators had meetings with government agencies and companies in Delhi, Kolkata and Mumbai,...
Fair Wear Foundation Reports Improvements in India's Apparel Industry
A report by multi stakeholder Fair Wear Foundation, a European initiative working to improve workplace conditions in the garment and textile industry, highlights positive factors in India's garment industry. Apparel Resources reports that Fair Wear Foundation India Country Study 2016 found no child labor in the garment industry of the...
India, The New Innovation Destination of Choice
A report titled Digital Dynasties: The Rise of Innovation Empires Worldwide by Paris, France-based technology consulting and services firm Capgemini has listed Bangalore, India, as one of the top five most preferred locations for multinational companies that want to set up innovation centers and harness technology talent. India, which did not figure in the top 10...
Stanford Spurs Med-Tech Startups in India
By using experiential teaching methods with cross-disciplinary teams, the Stanford India BioDesign fellowship has managed to create a cohort that is focused on creating new, cost-effective, devices customized to India's healthcare needs. Products include devices for pregnant mothers and newborn babies and those that help with biopsies and fecal collection....
McKinsey: Emerging Demographics Are the New Emerging Markets
“Urban World: The Global Consumers to Watch”, a report by the McKinsey Global Institute says that global urban consumption is expected to grow by $23 trillion over 15 years, at a compound annual growth rate of 3.6 percent. 32 cities globally, including two from India - Delhi and Mumbai –...