Peter R. Huntsman, President and Chief Executive of the $12 billion chemicals maker, Huntsman Corporation, inaugurated a new India corporate office in Mumbai on November 4, 2014. Initially, the 220,000 square feet, seven story building will house about 300 Huntsman associates, including over 100 technical staff spread across three floors...
Investors’ Growing Appetite for Vehicle-Rental Startups in India
Indian vehicle-rental startups focused on urban transportation needs are getting funding by US venture capitalists. With one of the world’s lowest car-ownership rates–18 out of 1,000 people, according to the World Bank — India has a large pent-up demand for vehicles. Sequoia Capital has invested $8 million in Zoomcar, an...
Valvoline adds R&D and training center to its manufacturing location
Valvoline Cummins Ltd. (VCL), a joint venture between Ashland Inc. and Cummins India Limited, opened a center for R&D and Product Development along with a training facility at its Ambernath plant, close to Mumbai according to Dr. Frances E. Lockwood, Senior Vice-President and Global Chief Technology Officer, Ashland Consumer markets....
British Luxury Barber Enters India
Britain-based Truefitt & Hill, one the oldest barber shops in the world, opened its first door in India here with a promise to "introduce a new level of indulgence for the metrosexual man." An Indian firm Lloyds Luxuries, owned by 21-year-old Krishna Gupta, has won the master franchise to start...
German Retailer Metro to Expand by 210 Percent in India
Europe's fourth-biggest retailer, Metro AG, said it wants India to become one of its "focus expansion countries", alongside Russia, China and Turkey. "We have seen continuous like-for-like growth recently in India. Now we decide to inject extra momentum into our expansion course there," Metro CEO Olaf Koch confirmed. The company...
Covidien creates India training center
Further developing its capabilities in India, Covidien PLC has opened a training and education center in India. Quoted in MarketNews Brian D. King, President Emerging Markets said “The Covidien Center of Innovation India in Mumbai offers clinicians training on advanced procedures and techniques using leading equipment and technology. The top...