According to Los Angeles headquartered CBRE’s India Retail MarketView Report – H1, 2017, during the first 6 months of the year, there were 70 new entries/expansions by global and domestic brands across the cities of Mumbai, Delhi-NCR and Bangalore. Seven new global brands entered the country and investments into the...
Blackstone's Strategy in India Yields Rich Dividends
Tuhin Parikh, senior managing director for real estate in Mumbai at the New York City-based PE and asset management firm Blackstone, has aggregated a 100-million-sqft portfolio in India. Parikh and Blackstone scripted a gold rush into the country’s rent-yielding office spaces, which saw Brookfield Asset Management, Qatar Investment Authority and others...
India's Mahindra Group to Set Up Tractor Factory in U.S.
Mumbai, India-based Mahindra Group's wholly owned Houston-based subsidiary Mahindra USA plans to set up a greenfield manufacturing facility for tractors in the U.S. in the next three to five years. When asked about expanding operations, Mahindra USA president and CEO Mani Iyer said, "It makes sense down the line to...
Mobile Data and Subscribers to Grow Exponentially in India
A report by Mumbai-headquartered global analytical company CRISIL says that mobile data consumption in India grew 24 times in last five years, and is set to grow four-fold in the next five years through fiscal 2022, with data subscribers expected to double beyond 900 million and penetration reaching 80% from...
Marigold Capital Set to Acquire The Leela in Chennai
Mumbai-based private equity fund Marigold Capital and Investments is set to acquire the Leela Group’s 326-room hotel in Chennai, India, for approximately $109 million. The fund specializes in buying debt-ridden hotels and commercial real estate properties and turning them around. Mumbai-based JM Financial, an investment bank that is the advisor...
Female Filmmakers From India Shine on Global Stage
Female filmmakers of Indian origin are making history by standing out as award winning directors including Mira Nair (2016’s Queen of Katwe) and Deepa Mehta (2012’s Midnight’s Children) In 2015, Ruchika Oberoi won the FEDORA prize for best new director at the Venice Film Festival with her first feature, Island City. Konkona Sen...