German automotive component and services major ZF Friedrichshafen AG on ZF India Supplier Day, the company said it aims to reach $110 million worth of export from India by 2017. The company makes and sells transmissions, axles and chassis components for cars and trucks. “We want to develop India to...
Three Indian Companies Debut in Forbes Asia's Fab 50
A financial conglomerate, a bank and a motorcycle manufacturer are three new entrants from India to Forbes Asia's Fab 50 list: 1. Bajaj Finserv is a company based in Pune, 91 miles east of Mumbai, which holds stakes in: Bajaj Finance, Bajaj Allianz General Insurance, and Bajaj Allianz Life Insurance....
Gartner: India IT Infrastructure Spending to Reach $1.9 Billion
At the Gartner Infrastructure, Operations and Data Center Summit, held in Mumbai, the Connecticut research and advisory firm said that India's IT infrastructure market will total $1.9 billion in 2016, a 1 percent increase from the previous year. This market includes server, storage and enterprise networking equipment, report EMSNow. "Indian enterprises will continue to focus on...
India, The New Innovation Destination of Choice
A report titled Digital Dynasties: The Rise of Innovation Empires Worldwide by Paris, France-based technology consulting and services firm Capgemini has listed Bangalore, India, as one of the top five most preferred locations for multinational companies that want to set up innovation centers and harness technology talent. India, which did not figure in the top 10...
JPMorgan Expands Footprint in India
New York-based JPMorgan Chase & Co. will open three branches in India, even as global competitors HSBC and UBS are scaling back to cut costs and bolster capital. JPMorgan is witnessing an increasing level of cross-border activity among its clients as they capture more business driven by India's economic growth, Madhav...
Amazon Web Services Launches First Data Center in India
Amazon’s cloud computing business officially inaugurated its first data center infrastructure in India with the launch of two data centers in Mumbai, which becomes the 6th AWS Region in Asia Pacific bringing the global footprint of AWS Regions to 13. Local server infrastructure enables a quicker transfer of data between clients and Amazon’s...