According to a report by BMI, a company that is part of New York and London-headquartered Fitch Solutions, India’s consumer market is set to become the world’s third largest by 2027. Currently, India ranks fifth, but as the number of middle to high-income households rise, BMI predicts that a 29%...
India’s Reliance Jio Launches a $12 Internet-Enabled Phone
Reliance Jio, the telecommunications arm of India's Mumbai-based Reliance Industries, is enabling more Indians to gain access to the internet by launching its new internet-enabled phone with a 4G mobile network. There are about 250 million feature phone users in India, and many of them still use 2G phones and...
India’s Epsilon Advanced Materials to Set Up EV Battery Plant in U.S.
Mumbai, India-based battery material company, Epsilon Advanced Materials (EAM), will set up a greenfield electric vehicle battery component factory - the largest ever Indian investment in the U.S. electric vehicle battery industry. EAM will invest $650 million to establish an annual capacity of 50,000 tons of high-capacity synthetic graphite anode...
Apple CEO Tim Cook inaugurates stores in Mumbai and Delhi
Apple CEO Tim Cook inaugurated of the country’s first two retail stores, Apple BKC and Apple Saket, reports Bloomberg. Apple's first-ever retail store in India, called Apple BKC, opened on April 18. It is located at Jio World Mall, in the upscale area of Bandra Kurla Complex in Mumbai. Apple Saket opened...
India’s Tata Communications Acquires The Switch Enterprises of NY
Mumbai-headquartered Tata Communications, a global digital ecosystem enabler, announced the acquisition of The Switch Enterprises LLC., based in New York, through its wholly owned international subsidiary Tata Communications (Netherlands) B.V. The Switch is a global end-to-end live video production and transmission services provider with reach to top tier sporting venues...
India’s Reliance Acquires Majority Stake in California Solar Energy Software Co
Mumbai-based Reliance Industries acquired a 79.4 percent stake in Saratoga, CA-based solar energy software developer SenseHawk for $32 million. The acquisition is part of the conglomerate’s aggressive push into renewable energy to decarbonize its oil and chemical-dominated business. Reliance aims to produce 100 GW of solar energy by 2030. SenseHawk...