During DefExpo 2018, the defense exhibition that took place at Chennai this month, companies from India signed joint ventures with foreign arms manufacturers to make some of their products in India. Utah-headquartered Desert Tech partnered with Nagpur, India-based Neco Group. The joint venture Neco Desert Tech Defense, will make rifles that...
WeddingWire Starts Operations in India
WeddingWire Inc., the Chevy Chase, Maryland-based online marketplace for the wedding industry opened its headquarters in a leased space in Gurgaon, approximately 20 miles southwest of Delhi. Proximity to Delhi played a role in WeddingWire's decision to base its headquarters in Gurgaon, reports Bizjournals. "Delhi is the biggest market in...
Amazon Considers Inorganic Growth in India
After buying Whole Foods in the United States, Amazon is targeting groceres in India. Bangalore, India-based BigBasket, a five-year-old e-grocer, has signed a 60 day exclusivity agreement with Amazon India during which time Amazon will conduct a due diligence on the company's assets with a view to acquisition Valued at...
India's Ardom Telecom Acquires Texas-based Quanta Towergen
Gurgaon, India-based Ardom Telecom, a telecom infrastructure operation and maintenance company, has acquired U.S.'s Quanta Towergen Private Limited in an all cash deal. Quanta Towergen is owned by Houston Texas-based Quanta Services which struck this deal via their Netherlands-based special purpose vehicle. In the last few years, Quanta has invested ...
In India, Investments by Logistics Companies Surge
Logistics companies -- both from India and globally -- are actively making investment plans for the coming fiscal year. According to Kuwait-based Agility's Emerging Markets Logistics Index published in February, India, for the second consecutive year, was picked as the country with the most potential to grow as a logistics...
Warburg Pincus Invests in India's Movie Theaters
New York City-based private equity firm Warburg Pincus, LLC., has acquired a 14% stake in PVR Limited, India’s largest cinema chain headquartered in Gurgaon, for about $120 million. The stake was bought from PVR's existing investors, private equity firm Multiples Alternate Asset Management and PVR's founders, including chairman and managing...