Greater Noida headquartered Indian-listed IT services provider Coforge Ltd, (formerly known as NIIT Technologies )announced its intention to acquire Santa Clara, CA- based Encora Digital LLC for $2.35 billion. This acquisition, expected to close within the next six months pending regulatory approval, is important for Coforge as it seeks to...
Whirlpool India Sources Washing Machines from Roorkee Supplier
Whirlpool India and Greater Noida-based PG Electroplast (PGEL) have signed a contract for PGEL to manufacture semi-automatic washing machines at their plant in the city of Roorkee, Uttarakhand in northern India. Narasimhan Eswar, Whirlpool India's managing director said, "With Whirlpool’s exceptional designs and technology and PGEL’s manufacturing expertise, today’s announcement...
China’s Haier “Buoyant” about the Fast-Growing Indian Market
Chinese multinational home appliances and consumer electronics company, Haier Group Corporation, headquartered in Qingdao, Shandong, is optimistic about the rapidly growing Indian market. The company aims to become the second-largest player within the next five years, with plans to achieve this goal through increased investments in manufacturing capabilities and an...
Specialized Shopping Malls in India
The first indoor (enclosed and air conditioned) shopping mall in India, Ansal Plaza New Delhi, opened in 1999 and since then approximately 250 other such malls have sprung up across the country. Compared to United States, an interesting thread is the development of specialized malls. In Vasant Kunj, New Delhi...