Advent International, the private equity firm based in Boston, Massachusetts, has agreed to invest over $300 million dollars for a 24.9% stake in Yatharth Hospitals, a hospital chain headquartered in the Delhi National Capital Region. The deal was first detailed by The Economic Times, which called it one of the...
Uber Invests $10 Million in India Fleet Partner Carrum Mobility
Uber, headquartered in San Francisco, California, has invested $10 million in Carrum Mobility, a fleet management startup based in Gurgaon, Haryana in the Delhi National Capital Region. The Series B round values Carrum at $168 million, nearly tripling the roughly $63 million valuation the company carried after Uber's first $7...
Tesla to Maintain a Minimal Footprint in India
Tesla’s five-year pursuit of manufacturing in India has ended. On May 19, 2026, India’s Minister of Heavy Industries, H.D. Kumaraswamy, confirmed that the automaker will not proceed with a local factory. The exit follows a prolonged deadlock over import tariffs. Tesla wanted lower duties to test the market with imported...
Eli Lilly to Invest $1 Billion in India Manufacturing
Eli Lilly, announced an investment exceeding $1 billion to establish new contract manufacturing operations in India. Central to this initiative is the development of a major manufacturing and quality facility in Hyderabad, Telangana. This multi-year investment represents one of the most significant commitments by a global drug maker in India...
SSi Mantra 3 Robotic Device Used in Cardiac Surgery
SS Innovations International, a Fort Lauderdale, Florida- based medtech firm with offices in Gurgaon, India marked a milestone with its SSi Mantra 3 robotic surgery system being used for the first time in the Western Hemisphere to perform cardiac surgery. On June 8, Dr. Juan Zuniga at Interhospital in Guayaquil,...
Pepsico Harnesses India Tech Talent to Leverage GenAI
PepsiCo is aggressively adopting generative artificial intelligence (GenAI) technology to accelerate its product development and launch timelines, according to Chief Strategy and Transformation Officer Athina Kanioura. The company behind brands such as Pepsi, Tropicana, and Lays is leveraging GenAI across areas such as productivity, marketing, customer service, and feedback analysis...