Shanghai headquartered Youzu Interactive will invest $10 million to set up its India operations in Pune, 90 miles east of Mumbai, from where it plans to launch local-to-India casual strategy games this year. Media and entertainment industry analysts said Youzu Interactive is the first international entity to enter the Indian gaming...
Mercedes Introduces its First India-Specific Benz
Germany-based Mercedes Benz introduced the 2017 Long Wheel Base version of its popular sedan, the Mercedes-Benz E-Class in India this month. It is the first India-specific product from Mercedes-Benz; it took 48 months for its development and is made in India for sale in India. The gasoline version in Mumbai...
Blackstone Puts Big Money in Indian Real Estate
New York City-based Blackstone Group is in advanced talks to acquire over 360,000 sq ft spread over six floors in the First International Financial Center (FIFC) Tower at Bandra-Kurla Complex, a business district in Mumbai, for over $125 million. With rising income levels of India's consumers, Blackstone has started focusing...
Canadian Investments Surge in India
Canadian institutional money is pouring into India. One of our earlier blogs talks about Toronto-based Brookfield acquiring the telecom towers of India's Reliance Communications. The Brookfield-Reliance Infratel transaction worth $1.6 billion is the second-biggest private equity transaction ever in the country. Last October, in one of India's largest deals in...
Tata Motors Launches Fuel Cell Powered Bus
Headquartered in Mumbai, India's largest automobile maker, Tata Motors, showcased its most recent vehicle: the hydrogen powered "Starbus", a zero-emission mass transport solution, for inter-city commutes. This bus, developed in partnership with India's Space Research Organization, works by combining hydrogen and oxygen in a fuel cell. The fuel cell produces...
India's Property Market May Flourish in 2017
Word on the street was that India's November 2016 demonetization of high value currency notes would have a significant impact on the real estate price; here is what the experts say: Forbes reports that 2017 will be a bumper year for India's real estate market as well as for its...