In India, American companies occupy about 45 percent of the grade ‘A’ space, as they continue to expand operations leveraging the low cost and highly-skilled resource base in the country. Companies from India account for 35 percent of the office real estate absorption, while those from the European Union take...
AAR Corp Partners with India's Indamer Aviation
Wood Dale, IL-headquartered AAR Corp, global provider of aviation services to commercial airlines, announced a joint venture with Mumbai, India-based Indamer Aviation, for the development of a new airframe maintenance, repair and overhaul (MRO) facility in Nagpur, India. "We are excited to expand AAR's MRO expertise outside of the Americas...
KKR, TPG Bid for India's Fortis Healthcare
On April 18, I had blogged about San Francisco, CA-headquartered TPG Capital-backed Manipal Hospitals acquiring Fortis Healthcare's hospital assets. However, Fortis' shareholders objected to the acquisition, since the deal on behalf of Fortis hospitals had been approved by a board of directors elected during the ownership of Fortis' previous management who...
IMAX Expands in India
IMAX Corporation, Mississauga, Canada-based entertainment technology company specializing in motion-picture technologies and large-format motion-picture presentations, reached agreements to bring nine new large-screen theaters to India. IMAX will partner with Mumbai-based INOX Leisure Ltd., on five of the theaters, and with Mexico's Cinepolis India on the other four. The new theaters...
Netflix to Make Reality Show on Indian Cricket Team
Scotts Valley, CA-based Netflix will partner with New York City-based Condé Nast Entertainment for an unscripted series about the Mumbai Indians, the most successful cricket team in the Indian Premier League (IPL). The eight-part series will follow the squad as they attempt to win the league for a record fourth time...
Larsen & Toubro to Supply Steam Generators to NPCIL
Mumbai, India-based engineering and construction firm Larsen & Toubro (L&T) won a $124 million contract from state-owned Nuclear Power Corporation of India Ltd. (NPCIL), to supply steam generators and end shields for its 700 MWe Pressurized Heavy Water Reactors. Commenting on the order, Shailendra Roy, director of Power, Heavy Engineering...