Multinational from the Americas, Europe, and APAC have set up research hubs to work in the areas of R&D, Business Process Management and IT. More than 1,000 multinational companies have established engineering and research and development centers — known as global in-house centers or GICs — in India. Among these...
Mobile Game Industry Flourishes in India
With increased overseas investment and partnership, India's digital gaming industry is growing rapidly. One of the top five countries for mobile gaming in the world, this sector is already worth over $890 million and is rapidly approaching the $1 billion mark. Currently, the country has more than 250 game development companies,...
India Spreads Awareness on Crypto Currency
On February 1, while presenting the national finance budget, India's minister for finance, Arun Jaitley announced that the country does not recognize Bitcoin as legal tender and that crypto payments will be penalized. Jaitley’s comments raised questions among India’s crypto community about the legitimacy of trading, and the price of...
IBM Grows in India, While Shrinking in China & USA
While its revenue shrank globally, India was one of the fastest growing geographies for IBM in 2017. IBM India’s revenue grew by 8.6% in reported currency for the year. Mexico, Spain, France, Canada, and Brazil also reported growth. China declined by 10% in constant currency. Many other geographies declined too,...
Dell: Indian Companies Ahead in Technology Preparedness
A Dell Technologies survey revealed that Indian companies are ahead in terms of technology preparedness: 38 percent of firms in India have already achieved human-machine integration while countries such as Australia and Singapore expect to attain this sort of integration in the next two years. China believes it is likely...
Ford becomes India's largest Car Exporter
Ford, Nissan, and Volkswagen ship more of their India-manufactured cars to overseas markets than what they sell within India. Michigan-based Ford has two manufacturing units in the country: at Chennai in the southern state of Tamil Nadu and at Sanand in India's western state of Gujarat. It has overtaken Korea's...