Shenzhen, China-based smartphone manufacturer, OnePlus, launched its R&D center in Hyderabad, India, its fourth after Shenzhen, Taiwan, and the U.S. On the occasion, OnePlus co-founder and CEO Pete Lau said, "We are looking at India as a global talent hub for the company. The idea is to have a long-term...
India's Aurobindo to Acquire Drug Under Development from Advent Pharma
Hyderabad, India-based Aurobindo Pharma's U.S. subsidiary Aurobindo Pharma USA Inc signed a pact to acquire an under-development product and certain related assets from Australia's Advent Pharmaceuticals Pty Ltd., for $12.5 million. The time period for completion of the deal is January 2019. Advent is a specialty pharmaceutical R&D company based in Melbourne,...
Qualcomm to Set Up Campus in India
Semiconductors and telecom major Qualcomm will invest $400 million to set up its largest facility outside its headquarters at San Diego, CA., at Hyderabad in India's southern state of Telangana. Phase-1 of the project will include a built-up space of 1.7 million square feet to house 10,000 employees. Qualcomm already...
India's Aurobindo Buys Novartis' Dermatology business
Hyderabad, India-based Aurobindo Pharma signed a definitive agreement to acquire certain assets from Sandoz Inc., U.S.A., a Novartis division, for a consideration of $900 million. The proposed acquisition will be on a debt-free and cash-free basis, and comprises the dermatology business and a portfolio of oral solid products along with commercial...
France's Assystem and India's Axiscades Form JV for Energy
France-based Assystem and India’s Axiscades Engineering Technologies Limited., announced the inauguration of a joint venture, Assystem Axiscades Engineering Private Limited based in India. The new company will undertake engineering services for the energy sector business for Indian and global utilities and contractors to meet the needs of the industry’s leading...
IKEA's Offers Alternatives to DIY in India
India's first IKEA store will open with over 8,000 home products, and will employ over 800 workers, with women and men expected in equal numbers. In India, where buyers are less likely to assemble furniture on their own, the company has contracted with UrbanClap , to help shoppers put together its furniture. Do-it-yourself...