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...
India's Ipca Labs Acquires Majority Stake in Bayshore Pharmaceuticals, U.S.
Ipca Pharmaceuticals Inc., USA, the wholly owned subsidiary of Mumbai-based pharmaceutical company Ipca Laboratories acquired an 80 percent stake in New Jersey-based Bayshore Pharmaceuticals LLC for $10 million. The acquisition will enable the parent company to commercialize its registered generics drug products in the U.S. market. For the financial year...
ALR Technology to Introduce its Diabetes Management System in India
Richmond VA-based medical device company ALR Technologies (ALRT) will collaborate with Mumbai, India-based Aspire Cerebro, a healthcare communication company, to market ALRT’s comprehensive diabetes management systems to India's estimated 100 million diabetes patients. Aspire Cerebro Advertising Limited, with offices in Calgary, Canada, will work with its counterpart in India to...
Reliance's JioGigaFiber May Upend Broadband Market in India
India ranked 134th in the global ranking for fixed broadband, and poor fixed line infrastructure has been a key reason for this low ranking. Out of the 450 million broadband subscribers, only 18 million are fixed line broadband users. The five leading wired broadband service providers are: BSNL (9 million)...
Mavenir Expands Footprint in India
As it grows its presence in India, Richardson, TX-based Mavenir, that offers a portfolio of digital services to enable global communications across a variety of mobile devices and platforms, appointed a regional vice president for India/South Asia region. Mavenir has over 1,300 people in India/South Asia region with offices in...
NZ's Fonterra Forms Dairy Joint Venture
New Zealand-based Fonterra, the world’s largest dairy exporter, announced a joint venture with Mumbai-based Future Group to produce a range of consumer and food service dairy products for the Indian market. The new entity which will be known as Fonterra Future Dairy Partners, will enable Fonterra to establish a presence...