Furniture fittings and interior solutions maker Häfele, aims to source half of its global sales from the country within two years. This marks a rise from under 10% last December. At the heart of this transformation is Häfele’s plan to turn India into a global supply hub, leveraging cost advantages,...
Green Hydrogen Startup Hygenco Secures $125M Investment
Hygenco Green Energies, based in Gurgaon, Haryana, India, and specializing in the development and operation of green hydrogen and green ammonia production facilities, is poised to secure capital by selling a 49% stake to a consortium of high-profile international investors. The round is set to onboard Germany’s Siemens AG, Singapore-based...
KKR Profits from Sale of India’s J.B. Chemicals & Pharmaceuticals
Private-equity firm KKR has agreed to sell its entire 46% stake in India-listed J.B. Chemicals & Pharmaceuticals to Torrent Pharmaceuticals for $1.4 billion. Following this, the two pharmaceutical firms will merge. According to KKR, the Rationale for the Acquisition are: Access to Fast-Growing India Franchise: The acquisition grants Torrent Pharma...
Tulsi Gabbard’s Visit to India Strengthens U.S.-India Intelligence Cooperation
U.S. Director of National Intelligence Tulsi Gabbard arrived in India as part of her, signaling a deepening of intelligence partnerships between the two nations. During her visit, Gabbard will participate in a high-level conference chaired by Indian National Security advisor Ajit Doval. The meeting will focus on enhancing intelligence-sharing mechanisms...
SAP to Expand Workforce in India
SAP, a major business software maker, has announced that it will be hiring "over proportionally" in India, which is set to become the company's largest workforce, surpassing even its German headquarters. Currently, SAP Labs India has 15,000 employees, making it the company's largest engineering hub worldwide and the second-highest overall...
Dr. Reddy’s, Bayer, Partner to Market Heart Drug in India
Hyderabad, India-based Dr. Reddy's Laboratories Ltd. and Bayer have entered into a partnership to market and distribute a second brand of the drug Vericiguat in India. Under the agreement, Bayer has granted non-exclusive rights to Dr. Reddy's to sell Vericiguat under the brand name Gantra. Vericiguat is a soluble guanylate...