Gurgaon, India-based Ardom Telecom, a telecom infrastructure operation and maintenance company, has acquired U.S.'s Quanta Towergen Private Limited in an all cash deal. Quanta Towergen is owned by Houston Texas-based Quanta Services which struck this deal via their Netherlands-based special purpose vehicle. In the last few years, Quanta has invested ...
Cricket Semiconductor to Establish India's First Analog Fab
U.S.-based chip manufacturing company Cricket Semiconductor is setting up a $1 billion analog seminconductor fabrication facility in the central state of Madhya Pradesh in India. The fab will manufacture analog/power chips that are key components of any electronic product. India is a large consumer of electronic products and services, and...
U.K. Miner to Invest $500 Million to Develop Diamond Project in Bunder
Sam Walsh, CEO of London-based Rio Tinto Group has had three discussions with Indian Prime Minister Narendra Modi on the planned $500 million Bunder diamond mine in the state of Madhya Pradesh in central India, and the Odisha iron ore project in eastern India. “We’re waiting for approvals, forestry and...
Narmada River Project to be expanded
Within two weeks of the new federal government taking over in India, the Narmada Control Authority (NCA) green-signaled the Gujarat state government’s eight-year-old plea to increase the Sardar Sarovar dam’s height by installing 55 foot tall sluice gates. Sardar Sarovar is the centerpiece of the multi-billion-dollar Narmada Valley development project...
India business favors political change
India’s Sensex stock market index (comprised of 30 market weighted shares trade on the Bombay Stock Exchange surged 487 points to 21,483 on the day after results from four key state elections poured in last week. The UPA coalition, led by Prime Minister Dr. Manmohan Singh at the federal level...
Mylan buys two pharma factories
Mylan Inc, a pharmaceuticals company headquartered in Cecil Township, Pennsylvania completed a $26 million buyout of a new formulation facility in Madhya Pradesh that it picked up from India's Unichem Laboratories. Mylan also closed on a $32.5 million deal to buy a nearly new, FDA-approved plant in India from SMS...