On April 18, I had blogged about San Francisco, CA-headquartered TPG Capital-backed Manipal Hospitals acquiring Fortis Healthcare's hospital assets. However, Fortis' shareholders objected to the acquisition, since the deal on behalf of Fortis hospitals had been approved by a board of directors elected during the ownership of Fortis' previous management who...
Siemens Launches Mobile Diagnostic Device in India
Siemens Healthineers, part of the Siemens Group, launched a device that embeds mobile technology with diagnostics in India. "We have signed an exclusive agreement with Jana Care for Aina, a blood monitoring system. It will be the world's first smart phone-based diagnostic system, which will enable detection and management of chronic...
10 ASEAN Leaders to Be Chief Guests at India's Republic Day Celebrations
The Association of Southeast Asian Nations, or ASEAN, was established in 1967 with Indonesia, Malaysia, Philippines, Singapore and Thailand as founding members. Later, Brunei Darussalam, Vietnam, Laos, Myanmar, and Cambodia joined the group making up what is today the ten member states of ASEAN. Its purpose is to accelerate economic growth,...
India Tops Kearney's Global Services Location Index
Extending its lead over other countries, India topped management consulting firm A.T. Kearney’s 2017 Global Services Location Index for the eighth consecutive year since its inception in 2004. Currently there are 200 multinational corporations operating in India and 1.1 million employees in Business Process Outsourcing, though the sector does face...
India Tops Global Retail Development Index
India has overtaken China to secure the top position among 30 developing countries on ease of doing business, according to AT Kearney's the 2017 Global Retail Development Index, now in its 16th edition. This index ranks the top 30 developing countries for retail investment worldwide and analyses 25 macroeconomic and...
Marigold Capital Set to Acquire The Leela in Chennai
Mumbai-based private equity fund Marigold Capital and Investments is set to acquire the Leela Group’s 326-room hotel in Chennai, India, for approximately $109 million. The fund specializes in buying debt-ridden hotels and commercial real estate properties and turning them around. Mumbai-based JM Financial, an investment bank that is the advisor...