Multinational from the Americas, Europe, and APAC have set up research hubs to work in the areas of R&D, Business Process Management and IT. More than 1,000 multinational companies have established engineering and research and development centers — known as global in-house centers or GICs — in India. Among these...
India Improves Investor Appeal
You may want to take a fresh look at business opportunities and investments in India, if a new World Bank report is to be believed. In November 2001, Goldman Sachs published a landmark paper where they identified India, along with Brazil, China, and Russia as the four “BRIC” economies that...
Indian Government to Bail Out State-Owned Banks
Over the next two years, New Delhi plans to pump about $32 billion into state-owned banks in a bid to increase money flow, significantly spur economic activity, loosen credit conditions, and boost investment and growth. The Economist explains that according to the plan unveiled on October 24th, the ailing banks...
Foreign Lenders Support Non Banking Systems in India
The Wall Street Journal reports that global players such as KKR & Co. L.P., headquartered in New York City, and Manhattan-based Goldman Sachs are actively involved in alternative lending in India. Though the amount of the loans being offered are far smaller than those disbursed by big banks, the sector...
Everstone Capital Invests in Rubicon Research, India
The Singapore and India-based private equity firm Everstone Capital invested $33 million in contract research and drug delivery company Rubicon Research, in a bid to diversify its portfolio. Rubicon has a USFDA-approved manufacturing plant in Mumbai, and it provides solutions for bioavailability enhancement, gastric retention, taste masking, and customizing the...
Goldman Boosts India GDP Forecast to 7.9 Percent
According to global investment firm Goldman Sachs, India's economy is set to grow by 7.9 percent between April 2016 and March 2017, accelerating from 7.6 percent in the previous year. Goldman highlighted the following factors that are expected to support India's growth in the coming months: A favorable monsoon --...