While its revenue shrank globally, India was one of the fastest growing geographies for IBM in 2017. IBM India’s revenue grew by 8.6% in reported currency for the year. Mexico, Spain, France, Canada, and Brazil also reported growth. China declined by 10% in constant currency. Many other geographies declined too,...
India Installs Supercomputers for Weather Forecasting
The Ministry of Earth Sciences in India installed the country’s two fastest supercomputers to conduct earth science research and improve weather and climate forecasts. Both machines are Cray XC40 supercomputers with ClusterStor storage, and are deployed at the Indian Institute of Tropical Meteorology in Pune, and the National Center for...
Sephora Expands Footprint in India
With demand on the rise for premium products in India, French beauty and cosmetics retailer Sephora, is increasing its outlets in India. Sephora India, a partnership between Moet Hennessy Louis Vuitton and India's Arvind Lifestyle Brands, plans to launch ten stores a year in the country, aiming to hit fifty...
U.S. Tops All Destinations for India’s Engineering Products
Engineering Export Promotion Council of India — the apex body for Indian engineering exporters — says that the demand for Indian engineering goods in many of the developed economies and especially in the U.S. has increased sharply. Shipments of engineering exports to the U.S. went up 91 percent to $1.53 billion...
Dassault Brings Largest Defense FDI to India
"Dassault will emerge as the single largest FDI investor in the defense sector. The cumulative FDI in the defense sector in India till date is $6 million," Rajesh K. Dhingra, president, Reliance Defense & Aerospace, said at an interview with the Economic Times. France's Dassault will manufacture a significant part...
Airbus Sets Up Asia’s First Greenfield Training Center in Delhi
Toulouse, France-based Airbus is setting up the Airbus India Training Center, a greenfield training facility at Aerocity, New Delhi, to support India’s growing need for Airbus pilots and maintenance engineers. The 75,347 square foot facility will be built in modules to become operational by the end of 2018 with two...