Permira of London and TPG of San Francisco, California, have bought stakes in Cloudnine Hospitals, a maternity and child care chain based in Bengaluru, in southern India. Mint reported the $450 million deal on September 29, citing two people familiar with the matter, and said it values Cloudnine at $1.3...
Nothing Spins Off CMF as a Standalone India Company
Nothing, the London-based consumer electronics company known for its smartphones and earphones, is spinning off its budget sub-brand CMF into a standalone company headquartered in India and majority owned by shareholders from India. Co-founder and chief executive Carl Pei announced the move in a post on X, reported by Business...
Hyperfine Inc.’s Swoop® System Receives Regulatory Approval in India
Hyperfine Inc., a health technology company based in Guilford, CT, has secured regulatory approval from India’s Central Drugs Standard Control Organization (CDSCO) for its Swoop system (depicted below). This authorization allows for the commercialization of the portable, ultra-low-field, AI-powered, magnetic resonance brain imaging system capable of providing imaging at multiple...
WPP Expands India Footprint with New Chennai Campus
Headquartered in London, WPP plc is one of the world's largest advertising and public relations holding companies. Founded in 1985 by Sir Martin Sorrell, WPP has grown through numerous acquisitions to become a dominant force in the global marketing communications industry. WPP works with many of the world's leading brands...
Air India to Launch Nonstop Flights to Los Angeles, Seattle, Dallas
Air India is the only Indian airline currently operating flights to the United States, with services to Washington, New York, Newark, San Francisco, and Chicago. As part of its consolidation efforts, including a proposed merger with Vistara, Air India is looking to expand its U.S. operations by launching direct flights...
India Intrauterine Contraceptive Devices Market Grows
Technavio, a UK research company, released an analytic report on the intrauterine contraceptive devices (IUD) industry through 2027 The report says that the market size for IUD has been forecast to grow by $965 million for this period, with a CAGR of 3.98%. The growth of the market depends on several...