IKEA, the Sweden-headquartered home furnishings retailer, wants to quadruple its revenue in India by 2030. The Economic Times reported that the company plans to grow from eight stores to thirty and to double its investment in the country to $2.2 billion at current exchange rates. IKEA is recording double-digit sales...
AM Intelligence Orders More NVIDIA Chips for Its India AI Factory
AM Intelligence, an artificial intelligence infrastructure company set up by the founders of the renewable energy developer Greenko, has ordered 20,000 more NVIDIA Rubin graphics processors. NVIDIA is based in Santa Clara, California. The company announced the $4 billion order on October 5th, according to a statement that CIOandLeader carried....
Lockheed Martin Bids to Build Transport Aircraft in India
Lockheed Martin, the defense contractor based in Bethesda, Maryland, has offered to build forty-eight of sixty military transport aircraft in India if it wins a contract that media reports value at $10.5 billion. India's defense ministry issued the tender in August for sixty medium transport aircraft for the Indian Air...
Billtrust Opens Hyderabad Tech Center
Billtrust, a business-to-business payments software company headquartered in Nashville, Tennessee, opened a Global Capability Center in Hyderabad, in southern India, on September 28, according to UNI. Telangana IT Minister D. Sridhar Babu inaugurated the facility, with Billtrust CEO Grant Halloran and members of the company's global leadership team present. The...
DoorDash Opens Hyderabad Hub With 500 Employees
DoorDash, the local commerce platform based in San Francisco, California, has opened a hub in Hyderabad, in southern India, with 500 employees. The company plans to grow the team to more than 3,000 over the next two years, The Hindu BusinessLine reported. The Hyderabad team will start with customer experience...
EQT Group to Invest $50 Billion in India by 2030
" $50 billion. It's a big number," said Jean Eric Salata, chairman of EQT Group, according to The Economic Times. "It's a much bigger number than what I would have told you 24 months ago because of the significant capital intensity of the data center and energy businesses." Salata made...