London-based CDC Group, the development finance institution of the British government, aims to invest $1.7 billion in India and the broader South Asia region over the next three years. A large part of that investment will go to Indian businesses as CDC is looking to double its India portfolio by...
India Overtakes France as Sixth Largest Economy
Per the World Bank's updated data for 2017, India edged past France to become the world's sixth-largest economy. India's gross domestic product stood at $2.597 trillion at the end of last year while the French economy was valued at $2.582 trillion. The U.S. remains the world's largest economy with a...
BAE Scouts for Global Supply Chain Vendors in India
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,...