New York City-based private equity firm Warburg Pincus is negotiating a deal with Mumbai developer Runwal Group to invest $1 billion in real estate projects. Warburg and Runwal may each make an equity contribution of $250 million to the investment platform while the rest will be raised through leveraging. The...
Quanticate Inaugurates Third Office in India for Clinical Research
U.K.-based and global data-focused clinical research organization Quanticate opened a new office in Mumbai. The site will complement Quanticate’s existing offices in Bangalore and Hyderabad and will deliver statistical consultancy and statistical programming services to pharmaceutical, biotechnology, and medical device companies across the globe. Alan Morgan, chief operating officer at Quanticate said, "By expanding...
Netflix Premieres "Mowgli: Legend of the Jungle" in India
The first-ever world premiere for a Hollywood film in India will take place on November 25, in Mumbai, when Andy Serkis, Christian Bale, Freida Pinto, Louis Ashbourne Serkis and newcomer Rohan Chand, who plays Mowgli in the film, "Mowgli: Legend of the Jungle" walk down the red carpet at the...
India's Tata Motors to Supply Trucks to WABCO of Belgium
Brussels, Belgium headquartered WABCO Holdings Inc., announced its first major deal with Mumbai-based Tata Motors for power steering systems following its September 2017 acquisition of Hanover, Pennsylvania-based R.H. Sheppard, a supplier of steering technologies for commercial vehicles. With this deal, WABCO has engaged Tata Motors to meet their demand for...
India's Cipla to Acquire Avenue Therapeutics of New York
Mumbai-based drug company Cipla said that its U.S. subsidiary InvaGen Pharmaceuticals Inc formalized a two-stage agreement to acquire specialty pharmaceutical company Avenue Therapeutics Inc for $215 million. New York-based Avenue is focused on the development and commercialization of intravenous (IV) Tramadol. The transaction will be subject to Avenue stockholders’ and...
Amazon to Buy Stake in India's Future Retail
Amazon will acquire a 9.5 percent stake in Mumbai-based Future Retail that has more than 1,000 stores across India. The deal is estimated at $450 million. While India allows 51 percent overseas investment in multi-brand retail, a foreign portfolio investor can acquire less than 10 percent as a single firm...