Israel-based South of Salame (SOSA), an open innovation platform aims to set up innovation hubs in at least three of India's states: Maharashtra, Goa, and Assam. The state of Andhra Pradesh has already signed an agreement with SOSA, to set up an innovation center in the city of Vishakapatnam. These...
Marigold Capital Set to Acquire The Leela in Chennai
Mumbai-based private equity fund Marigold Capital and Investments is set to acquire the Leela Group’s 326-room hotel in Chennai, India, for approximately $109 million. The fund specializes in buying debt-ridden hotels and commercial real estate properties and turning them around. Mumbai-based JM Financial, an investment bank that is the advisor...
What's the Favorite Destination for India's Tourists?
Google India said that the top travel searches conducted by Indians between the months of February to April this year were on U.S.A. - the most-preferred summer destination for Indian travelers - followed by the United Arab Emirates, and Thailand. Other pieces of the Google search data reported by the...
Asia Competitive Institute Ranks India's States for Ease of Business
In a study done by the Asia Competitive Institute which is part of the Lee Kuan Yew School of Public Policy, the Indian states of Maharashtra, Gujarat, Delhi NCR, Goa and Andhra Pradesh are rated as the top five of 21 sub-regional economies in ease of doing business in India....
Feni, Distilled from Cashew Nuts in India , Enters USA Market
The Spirits Business reports that Wirtz Beverage, Illinois, will introduce the award-winning craft distilled Spirit of India Feni to the United States for the first time. “We are truly thrilled to partner with such a tremendous team at Wirtz Beverage,” said B.J. McCaslin, Co-Founder of Spirits of India Feni. “This...
India to Buy Warships from Korea
In keeping with a growing “strategic partnership” with South Korea, India is set to acquire 8 advanced mine sweeping and hunting warships for $1 billion. Under the program, India will get two of the mine counter-measures vessels (MCMVs) directly from the South Korean firm Kangnam Corporation, while the other six...