IBM, the technology and consulting company headquartered in Armonk, New York, has leased 283,321 square feet of office space in Bengaluru, in southern India, for ten years, The Economic Times reported. IBM India, the company's subsidiary, signed the lease. The space covers the ground floor and three upper floors of...
Advent International to Invest $300 million in Yatharth Hospitals
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,...