India is the largest consumer of whisky in the world and Scotch whisky has become less expensive in parts of India since the India-UK trade agreement took effect on July 15. Mint, called it the first price drop since the agreement and said prices fell 10% to 15% in states...
Tesla in Talks to Set Up India Venture
Tesla CEO Elon Musk has signaled that his electric vehicle company is preparing to enter the Indian market, both in terms of vehicle sales and potentially manufacturing. In a recent interview, Musk stated that like other major nations, India should have access to electric vehicles, implying it is a natural...
Pernod to Invest €200m to Set Up a New Distillery in India
The Indian subsidiary of French spirits company Pernod Ricard has signed a memorandum of understanding with the government of the western state of Maharashtra to set up a malt spirit distillery in the city of Nagpur. The distillery is expected to take three years to complete and will produce Pernod...
India’s Serum Institute Invests in Oxford Biomedica Plc
Pune, Maharshtra-based Serum Institute of India (SII) invested over $68 million in UK-based Oxford Biomedica plc, a gene and cell therapy company specializing in the development of gene-based medicines. Serum Life Sciences Ltd, a unit of SII, will pick up a 3.9% stake in Oxford Biomedica as part of the...
Mitsubishi Electric to Launch New Factory in India
Tokyo-based Mitsubishi Electric Corporation announced an investment of approximately $30 million, in its subsidiary Mitsubishi Electric India Pvt. Ltd., to establish a new factory in India. This facility will be located in Pune, Maharashtra, and will manufacture inverters and factory automation (FA) control system products. Operations are expected to start...
HealthEdge Launches India Operations Facility
Burlington, MA-based HealthEdge, that offers integrated financial, administrative, and clinical platforms for health insurers, announced the launch of its India operations delivery center in Pune, Maharashtra. Steve Krupa, CEO of HealthEdge, a portfolio company of Blackstone, said, "Our Pune center aligns with our growth strategy and will be a hub...