Israel-based South of Salame (SOSA), an open innovation platform aims to set up innovation hubs in at least three of India's states: Maharashtra, Goa, and Assam. The state of Andhra Pradesh has already signed an agreement with SOSA, to set up an innovation center in the city of Vishakapatnam. These...
India Company Acquires Boston Health Startup
Pune, Maharastra-based Persistent Systems acquired Boston, MA-based hospital data management company, Herald Health, a two-person health tech startup with successful pilots at Brigham and Women's and Boston Children's Hospitals in Boston. The deal was closed for $5.2 million. Herald Health has created a software platform that allows various hospital stakeholders...
GE and EDF to Set Up Six EPRs in India
GE and French Electricite De France (EDF) signed a strategic cooperation agreement for the planned construction of six EPR reactors at the Jaitapur site in Maharashtra, India. The EPR -- European Pressurized Reactor or Evolutionary Power Reactor -- is a third generation nuclear reactor developed by the French companies Areva...
Sugar Production in India Surges
India’s sugar production for the year 12 months ending September 2018 is expected to rise 4.2 percent to a record 33.8 million metric tons. This includes 560,000 metric tons of khandsari (a local type of low-recovery sugar prepared by open-pan evaporation) and 31.1 million tons of milled sugar. The northern...
Western Union Launches India R&D, Tech Center
Englewood, CO-headquartered financial services and communications company, Western Union, announced the launch of its Western Union Technology Engineering Center (WUTEC) in Pune, 75 miles east of Mumbai, in the state of Maharashtra, India. The new research center will serve as Western Union’s innovation and engineering hub in the region. It...
GM to Ramp Up Component and Passenger Vehicle Shipments from India
Detroit, Michigan-based General Motors which stopped manufacturing passenger vehicles for sale in India, is looking to ramp up component exports from India even as it continues to add new global markets for vehicle shipments from the country. The company currently exports body panels and engines to Vietnam and Cambodia, and...