Bizongo, an AI-powered B2B e-commerce platform, announced the appointment of Prahlad Krishnamurthi as its new Chief Executive Officer, effective immediately. Krishnamurthi replaces company founder Sachin Agrawal, who will remain on the board while the new CEO takes over operational leadership. The Bangalore-headquartered company has simultaneously secured $4.5 million in additional...
India Joins Eurodrone Program and Enhances Naval Capabilities
India has been granted observer status in the four-nation Eurodrone program. This project, launched by Italy, France, Germany, and Spain, and managed by the Europe-based contracting agency OCCAR, aims to build a Medium Altitude Long Endurance (MALE) drone to give Europe greater autonomy in the drone sector. India joins Japan...
WeWork’s India Franchisee Files for IPO
WeWork India's franchisee has filed for an initial public offering (IPO) in Mumbai. The offering will include the sale of 33 million equity shares by Embassy Group and 10.3 million equity shares by 1 Ariel Way Tenant, without issuing new shares. As a result, WeWork India not receive any proceeds...
GE Healthcare Plans to Expand R&D, Manufacturing in India
Peter Arduini, CEO of GE HealthCare (GEHC), shared his strategic vision for the company's operations in India during a interview with Forbes India. His plan centers on transforming India into a crucial hub for GEHC's global operations through enhanced manufacturing capabilities and strategic partnerships. Arduini emphasized GEHC's shift from importing...
Taiwan’s AMB and India’s RRP Electronics Partner on Memory Module Innovation
Mumbai headquartered RRP Electronics Limited and AMB, Taiwan, signed an agreement to: - Develop and manufacture memory modules (SPI NAND, MICROSD, EMMC, SSD) - Share technology including substrate designs and test programs - Generate projected revenue of $25M annually Manufacturing details: - Primary facility: 40,000 sq ft OSAT (Outsourced Semiconductor...
WPP Expands India Footprint with New Chennai Campus
Headquartered in London, WPP plc is one of the world's largest advertising and public relations holding companies. Founded in 1985 by Sir Martin Sorrell, WPP has grown through numerous acquisitions to become a dominant force in the global marketing communications industry. WPP works with many of the world's leading brands...