Headquartered in New York City, global HR consultancy Mercer, a subsidiary of Marsh & McLennan Companies Inc., acquired online assessment platform Mettl based in Gurugram, India. Ilya Bonic, global president of Mercer’s career line of business believes that the acquisition signifies Mercer’s entry into the rapidly-growing global talent assessment market...
Blackstone to Invest in Second Auto Components Maker in India
Having acquired Chennai-based auto parts maker Comstar Automotive Technologies Private Limited for $150 million in April this year, New York-based Blackstone Group L.P. is set to invest in Gurugram-headquartered auto components maker Sona BLW Precision Forgings Limited. Blackstone will initially invest a minority stake, and will later increase its shareholding in...
Ikea Expands Footprint in India
Swedish furniture and home furnishing retailer Ikea inaugurated its first store in India on August 9 in the southern city of Hyderabad and will soon have two more. The 400,000 square foot facility in Hyderabad has the biggest Ikea restaurant anywhere in the world, with seating for 1,000 people. In India,...
Mavenir Expands Footprint in India
As it grows its presence in India, Richardson, TX-based Mavenir, that offers a portfolio of digital services to enable global communications across a variety of mobile devices and platforms, appointed a regional vice president for India/South Asia region. Mavenir has over 1,300 people in India/South Asia region with offices in...
IMAX Expands in India
IMAX Corporation, Mississauga, Canada-based entertainment technology company specializing in motion-picture technologies and large-format motion-picture presentations, reached agreements to bring nine new large-screen theaters to India. IMAX will partner with Mumbai-based INOX Leisure Ltd., on five of the theaters, and with Mexico's Cinepolis India on the other four. The new theaters...
CFM International and India's SpiceJet Sign $12.5 Billion Deal
The joint venture between GE Aviation, and France-based Safran Aircraft Engines, CFM International, announced a $12.5 billion agreement by which Gurugram India-based SpiceJet will purchase LEAP-1B engines to power a total of 155 Boeing 737 MAX airplanes, along with spare engines to support the fleet. SpiceJet currently operates a fleet...