L&T Technology Services Limited (LTTS), a global engineering services company which is a subsidiary of Mumbai-based conglomerate Larsen & Toubro, has been selected as a strategic partner by an automotive manufacturer based in Europe for its electric Powertrain (e-Powertrain) practice. The multi-year engagement requires LTTS to provide a real-time technology...
Singapore Fund Invests in India's Infrastructure Sector
Singapore’s sovereign wealth fund GIC will invest over $600 million for a 49 percent stake in a private Infrastructure Investment Trust controlled by IRB Infrastructure Developers headquartered in Mumbai. As part of the transaction, IRB will transfer nine of its Build-Operate-Transfer assets into the Investment Trust in which IRB will...
NZ's Fonterra Reinvests in India's Dairy Market
After a decade's absence, New Zealand-based Fonterra will return to India -- one of the world's fastest growing dairy markets. The company said that it partnered with Mumbai headquartered retail major Future Consumer, part of Future Group, to make a range of consumer and dairy products. This JV was announced...
WWE Conducts First Tryout in Mumbai, India
Stamford, CT-headquartered World Wrestling Entertainment, Inc., (WWE) held its first tryout in Mumbai, India to scout for its next Superstar. Featuring more than 70 prospects from throughout the country, the camp was the biggest tryout in WWE history. During the four-day tryout, WWE selected Indian athletes to train at the WWE...
Reliance Retail to Launch Tiffany and Tory Burch in India
Reliance Brands Limited, the luxury retail subsidiary of Mumbai headquartered Reliance Industries, signed a deal to launch the iconic jewellery brand Tiffany & Co in India next April. At that time, the company will also introduce American lifestyle brand Tory Burch in India. Reliance Brands markets luxury brands such as...
Eurofragrance's Asian Expansion Begins in India
As part of its 2020 business strategy of increasing its footprint and presence in Asia, Cugat Del Valles, Spain headquartered Eurofragrance, will start with India. Up until now, the company was servicing the Indian market through its affiliate in Dubai. Now, it is gearing up to open its own offices...