Paul Smith, chief procurement officer of London, U.K.-headquartered BAE Systems, scouted for suppliers from among 70 Indian companies to feed into their global supply chain. Smith said his company would like Indian suppliers to satisfy and execute the $221 million offset contracts for the Indian Army order for 145 M777 ultra...
Unilever Ventures Invests in India's Milkbasket
U.K.-based Unilever's venture capital arm, Unilever Ventures, invested $3 million in Gurgaon-based Aaidea Solutions, which runs the grocery delivery start-up Milkbasket. The firm delivers milk, bread, eggs and butter to customers' homes every day at 7 am and is looking to add further grocery lines to its service. Anant Goel,...
Will Connected Healthcare Drive 5G in India?
Maryland-based Ciena, a telecom infrastructure company, and London, U.K.-based research firm Analysys Mason posit connected healthcare will be the most important driver for 5G in India. The report also suggests that telecom operators need a strong wireline phone strategy for 5G services to be productive in future. India's Bharti Airtel...
Britain's Apax Partners to Acquire India's Healthium Medtech
British private equity firm Apax Partners LLP., headquartered in London, England, is set to acquire India’s largest surgical and wound care products maker Healthium Medtech (formerly Sutures India) in a deal estimated at $400 million. San Francisco- and Fort Worth-headquartered private investment firm TPG that held a 73% share in Healthium,...
India Registered 379 M&A Transactions in 2017
In 2017, India’s mergers and acquisitions activity reached the second highest annual deal value since 2001, according to London based deals tracker Mergermarket, with 379 deals worth $54.7 billion. This is only slightly less than the peak registered in 2016, which saw 421 deals worth $59.7 billion. Telecommunications, technology, and financial services...
Barclays: India Is on the Rise
London-based 327-year-old Barclays PLC says: With a rapidly growing middle class, a young labor force, and a reform-minded government, India is on the rise. With a GDP of nearly $2.5 trillion, -- and one of the highest GDP growth rates in the world -- India 's GDP is outpacing emerging markets;...