As part of its commitment to being carbon neutral, Facebook has signed a deal to buy renewable energy in India from a local firm's wind power project. This is the social media giant's first such deal in the South Asian nation. The 32 megawatt wind power project, located in India's...
Tesla Moves Forward with India Market Entry
Tesla Inc is scouting for locations to open showrooms in Mumbai, Delhi and Bangalore and has hired an executive to lead its lobbying and business efforts ahead of its planned entry into the country. The world’s most valuable automaker by market capitalization is looking for commercial properties as large as...
Danone's Venture Arm Invests In Indian Yoghurt Startup
Mumbai-based food startup Drums Food International that sells the popular brand of Epigamia yogurts has raised $30 millon in a Series C round of funding from Danone Manifesto Ventures, the investment arm of the French dairy major. Drum sells artisanal greek yogurt, "mishti doi", and packaged smoothies in 10,000 stores in India....
Korean Beauty Brand Launched in India
Korea's AmorePacfic group has launched its signature luxury brand, Sulwhasoo, in India with Nykaa an omnichannel retailer starting with an online presence in July. With this launch, Sulwhasoo aims to offer its vision of “ageless beauty inspired by timeless wisdom” Further, the Nykaa Luxe store launch is planned for mid-August...
Advent to Acquire Controlling Stake in Indian Biopharma Maker
Boston, MA headquartered global private equity investor Advent International will acquire a majority stake in Mumbai India-based Bharat Serums and Vaccines Limited. The acquisition is expected to close by the end of 2019. Bharat Serums is a biopharmaceuticals company focussed on women’s healthcare, assisted reproductive treatment, and critical care and...
James Bond to Drive Land Rover Defender
In the next James Bond movie No Time to Die that will be released in April 2020, vehicles showcased in the car chases are Defenders from the Jaguar Land Rover Company which is a subsidiary of India's Tata Motors headquartered in Mumbai. The Land Rover Defenders in the movie are no...