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...
Hyundai to Invest another $1 Billion in India
South Korea-based auto maker Hyundai plans to invest over $1 billion in India in the next three years. The company, which operates through its wholly-owned arm Hyundai Motors India Ltd, plans to launch an electric vehicle next year. Managing director and CEO Y. K. Koo said, "Our total investment till...