Looking to increase its production capacity in the U.S., JSW Steel, the Mumbai, India-headquartered steelmaker, entered into an agreement with JSM International, Acero Junction Holdings Inc. and Acero Junction Inc. for acquisition of 100% shares of Acero Junction Holdings Inc., a Delaware corporation. The deal is subject to fulfillment of...
India's JSW Steel Invests $500 Million in Texas-Based Steel Mill
Mumbai, India-headquartered JSW Steel announced a $500 million investment into the expansion of a steel mill in Baytown, Texas. Governor Greg Abbott said that this move will add up to 500 new jobs at an average salary of $65,000. "The $500 million investment from JSW Steel to expand its operations in...
India To Add 51,000 Miles of New Roads
India has awarded highway construction contracts at a breakneck pace in 2018, and orders will likely reach a record this financial year, according to Mumbai-based IIFL Wealth Management Ltd. Orders from state-owned National Highway Authority of India is likely to cross $15.3 billion in the 12 months through March, said...
Trek Bicycles Expands Operations in India
Waterloo, WI-based Trek Bicycle Corporation launched 34 bicycle models in the premium and super premium category in India's cities of Delhi-NCR, Mumbai, Bangalore, Hyderabad, Chennai, and Indore. Prices range from $305 for the road bikes to $2,600 for the hybrid models. The company also offers a wide range of cycling...
In India, Starbucks Localizes, Aims to Enter Tier-II Cities
Tata Starbucks Private Ltd., the equal joint venture between Seattle, Washington-based Starbucks Coffee Company and India's Tata Global Beverages Ltd., will focus on regional culinary innovations and expanding its market to tier-II cities of India. Since starting operations in the Indian market in October 2012, it has a total of...
Virgin Atlantic Renews Partnership with India's TCS
U.K.-based Virgin Atlantic extended its strategic partnership with Mumbai-based IT outsourcing company Tata Consultancy Services (TCS) for an additional five years. Virgin Atlantic and TCS began working together in 2004 as part of Virgin Atlantic's ongoing strategy to invest in its technology infrastructure, operational efficiencies, and innovations. "This extended partnership...