Cupertino, CA-based data storage company Seagate Technology PLC said that its Indian business is growing strongly due to the demand from expanding data centers and telecom services. Seagate Technology senior vice president (Global Sales and Sales Operations) B.S. Teh said that while consumer business comprises a larger chunk of its...
India Approves Abiomed's Impella Heart Pump
Danvers, MA-based Abiomed announced that the Impella 2.5, Impella CP and Impella 5.0 heart pumps received approval from India's Central Drugs Standard Control Organization for use during high-risk percutaneous coronary intervention, cardiogenic shock, and other reduced left ventricular function conditions. The first patient was treated with the Impella 2.5 heart...
India's Tech Mahindra Acquires Stake in New England Software Co
Pune, India-headquartered Tech Mahindra announced it will acquire a 17.5 percent stake in Tewksbury, MA-based telecom software development company Altiostar Networks for $15 million in a cash deal. The investment is through its wholly owned subsidiary, Tech Mahindra (Americas) Inc, USA, the company said in a regulatory filing. "This is...
Matthews Asia: India is a fertile environment for an investor
In an interview with Morningstar, Robert Horrocks, Chief Investment Officer of Matthews Asia, the largest dedicated Asia-only investment firm headquartered in Westborough, MA, discussed the investment climate in India with senior editor Emma Wall. Key takeaways from the interview: On whether India has lived up to the investment hype under...
M&A Activity Crosses $25 Billion in India
Tax and advisory firm Grant Thornton reports that the Merger and Acquisition activity in India reached $25.65 billion in the first nine months of this year. “Most part of the M&A deal value has actually come from inbound investments where $12.6 billion has been infused thereby demonstrating a growth of...
India's companies to accelerate merger and acquisition activity, driven by access to new markets
Investment bankers are forecasting a stellar year for mergers and acquisitions in Asia following a leap in the value of both inbound and outbound transactions in 2010, according the the Financial Times. The paper said that outbound M&A soared 166 per cent to a record $126.1bn in the region (excluding...