Tech Mahindra Limited, an IT services company headquartered in Pune, 100 miles east of Mumbai, inaugurated a new Technology Center in St. Louis, Missouri. The facility emphasizes Tech Mahindra’s commitment to strategic collaboration and will create a future-ready technology workforce in the Midwestern United States. The Center, located at O'Fallon...
Action Oriented Goyal Adds Commerce to Railways
One of the most action-oriented leaders in the Modi government has now been given charge of the Ministry of Commerce and Industry, in addition to that of the Indian Railways. Born in Mumbai on June 13, 1964, Piyush Goyal is a CPA and holds a degree in Law. Growing up...
Global India Tech Centers Record Business of $28 billion in 2018
The market size for global capability centers (GCC), also known as multinational tech centers, amounted to $28.3 billion in 2018, compared to $19.5 billion in 2014 according to a study by industry body Nasscom. With over 1,250 and counting, India has the biggest presence of GCCs in the world, (the...
Warburg Pincus To Invest $1 billion in India Real Estate
New York City headquartered private equity firm Warburg Pincus formed a $1 billion investment platform with Mumbai-based developer Runwal Group to develop shopping malls. Both companies will each hold a 50% stake in the platform and commit an equity capital of $200 million each. The partners will raise another $600...
India to Establish Itself as a Filming Destination
The Government of India set in motion fresh initiatives to establish itself as an international shooting destination in the same league as well-established location sectors in Eastern Europe or Latin America. Authorities in 2016 established the Film Facilitation Office (FFO) with the aim "to streamline approvals for both foreign and...
Warburg Pincus Acquires Majority Stake in India's Educational Financing Company
New York City-based global private equity firm Warburg Pincus LLC announced that it had entered into a definitive agreement to acquire an 80% equity stake in Mumbai, India-based Avanse Financial Services Limited for $45 million, from the Wadhavan Global Capital group. Avanse is an education focused Non-Bank Finance Company . Since...