French IT company Expleo's India arm plans to increase its workforce in the country. Expleo's CEO and managing director of India business, Balaji Viswanathan, said that the firm sees growth primarily on account of the expansion of its business in the U.S. "While other larger players are slowing down on...
India’s Indigo Airline Places Record Order with Airbus
Airbus Industrie, the European aerospace company, landed its biggest-ever aircraft order in the history of commercial aviation. It announced that budget Indian airline IndiGo had placed an order for 500 of its A320 planes, to be delivered between 2030 and 2035. Executives from both companies announced the deal on the...
Fosun Pharmaceutical Group Looks to Sell Stake in India’s Gland Pharma
Chinese billionaire Guo Guangchang’s Shanghai-based Fosun Pharmaceutical Group has approached several private equity firms to buy its stake in Hyderabd India-based Gland Pharma according to a report in Money Control Reportedly, Advent International, Baring Private Equity Asia, Bain Capital, Blackstone, Carlyle and KKR are among those who have been approached....
U.S., India, 16 Allies Strengthen Supply Chains
U.S. Secretary of State Antony Blinken and Commerce Secretary Gina Raimondo co-hosted the Supply Chain Ministerial Forum virtually on July 19-20. A partnership was formed of 18 economies: the U.S. EU, Australia, Brazil, Canada, Congo, France, Germany, India, Indonesia, Italy, Japan, Mexico, Netherlands, South Korea, Singapore, Spain and the U.K....
Safran to Expand Footprint in India
French engine maker Safran, announced plans to invest $150 million in a maintenance, repair, and overhaul (MRO) facility in India. On July 5, during a visit to New Delhi, CEO of Safran Group Olivier Andries, told India's Minister for Defense, Rajnath Singh, that the company plans to open a maintenance...
French IT Firm Atos to Increase Headcount in India
With an existing workforce of 40,000 in India, Atos is planning to add another 15,000 employees in 2022. The €11 billion firm invests €400 million in India annually on employee-related expenses, including payroll and skill enhancing. Currently one-third of its revenues are accrued from the India office. This is due...