New York City-based Blackstone Group L.P. acquired a marquee office building in Mumbai’s Bandra Kurla Complex (BKC) for $357 million -- this year’s largest commercial real estate deal. Owned and developed by Mumbai-based real estate firm Radius Developers, the eight-story building, One BKC, is spread across 700,000 square feet and...
Seattle's IntellaSphere Acquires Digital Agency in India
Based in Seattle, Washington, digital marketing platform IntellaSphere acquired Mumbai-based digital marketing agency Edgytal. IntellaSphere works with businesses to market more effectively using a socially collaborative approach. Edgytal will bring expertise in effective digital marketing for worldwide brands, developing presence, campaigns, and demand through all online channels. Aditya Mehta, managing...
India's Tech Mahindra Launches Technology Center in St. Louis
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...