Technip Energies, the engineering company based in Nanterre, France, has won a contract to modernize a refinery in Mumbai, in western India. Business Standard reported that Hindustan Petroleum Corporation Limited, the state-run refiner known as HPCL, awarded Technip Energies an engineering, procurement and construction contract, which the company announced on...
L’Oréal Expands in India’s Booming Beauty Market
Founded in 1907 by chemist Eugène Schueller, L’Oréal is headquartered in Clichy, France. It is the world’s largest cosmetics company, with a portfolio that includes NYX, Urban Decay, Dr.G, and Ushuaïa. Indian Market Entry: L’Oréal announced plans to acquire a majority stake in Innovist, a Gurgaon-based beauty and personal care...
VINCI Expands Mobility Footprint in India
VINCI Highways, a subsidiary of France's VINCI Concessions, signed an agreement with Sydney, Australia-based Macquarie Asia Infrastructure Fund, to acquire the Safeway Concessions portfolio in India. This portfolio comprises nine toll highway concessions in India's States of Andhra Pradesh, in south-east India, and Gujarat, in the west of the country....
Sanofi Doubles India GCC
French pharmaceutical company's India subsidiary, Sanofi Healthcare India, has significantly increased the footprint of its Global Capability Center (GCC) in Hyderabad, Telangana, adding 270,000 square feet to the facility. This expansion brings the total area to approximately 500,000 square feet. The upgraded center is now equipped to accommodate 5,000 employees,...
India, France, Partner on Small Modular Nuclear Reactors
India and France have announced plans to collaborate on developing small modular nuclear reactors (SMRs) following Prime Minister Narendra Modi's visit to France. This initiative marks a shift in India's nuclear energy policy and international partnerships. During their meeting, Modi and French President Emmanuel Macron emphasized nuclear energy's crucial role...
India Boosts Defense Budget by 10% to $78 Billion
India's Ministry of Defense has announced a 10% increase in its defense budget for fiscal 2026 which begins April 1, reaching a record $78.3 billion amid security challenges from Pakistan and China. The budget breakdown reveals that 26.4% ($20.7 billion) is allocated for new acquisitions. Major planned purchases include (General...