Technip Energies, the engineering company based in Nanterre, France, has won a contract to modernize a refinery in Mumbai, in western India. Business Standard reported that Hindustan Petroleum Corporation Limited, the state-run refiner known as HPCL, awarded Technip Energies an engineering, procurement and construction contract, which the company announced on...
Stellantis Expands Its India Investment to Add New Jeep and Citroën Models
Car maker Stellantis that owns the Jeep and Citroën brands and bought Chrysler Corporation will invest an additional $421 million in India over the next three years. The money will fund twelve vehicles across the two brands: seven all-new models and five major upgrades. Shailesh Hazela, chief executive and managing director...
EQT Group to Invest $50 Billion in India by 2030
" $50 billion. It's a big number," said Jean Eric Salata, chairman of EQT Group, according to The Economic Times. "It's a much bigger number than what I would have told you 24 months ago because of the significant capital intensity of the data center and energy businesses." Salata made...
ASML Begins Operations in India, Backing Tata’s Semiconductor Fab
ASML, the Dutch maker of the machines that print circuits onto silicon wafers, has started operations in India and plans to hire twenty to thirty young engineering graduates to begin with, according to a Press Trust of India report carried by Business Standard. The company is headquartered in Veldhoven, in...
Fuel Cycle Opens a Global Capability Center in Mumbai
Fuel Cycle, an artificial-intelligence-powered consumer insights company headquartered in Los Angeles, California, is opening a Global Capability Center in Vashi, in Navi Mumbai. The center starts with fifty employees and is expected to grow over the next three years. The company has less than 200 employees in the the USA...
L’Oréal Clears Final Hurdle to Acquire Bare Anatomy Maker Innovist
India's Competition Commission has approved L'Oréal India's acquisition of Innovist, the digital-first personal care company behind the Bare Anatomy and Chemist at Play brands, clearing the way for a deal the French beauty and cosmetics group first announced earlier this year. The commission's order approves L'Oréal India's purchase of 100%...