Mumbai-headquartered Tata Communications, a global digital ecosystem enabler, announced the acquisition of The Switch Enterprises LLC., based in New York, through its wholly owned international subsidiary Tata Communications (Netherlands) B.V. The Switch is a global end-to-end live video production and transmission services provider with reach to top tier sporting venues...
India’s Reliance Acquires Majority Stake in California Solar Energy Software Co
Mumbai-based Reliance Industries acquired a 79.4 percent stake in Saratoga, CA-based solar energy software developer SenseHawk for $32 million. The acquisition is part of the conglomerate’s aggressive push into renewable energy to decarbonize its oil and chemical-dominated business. Reliance aims to produce 100 GW of solar energy by 2030. SenseHawk...
India’s Nazara Tech Acquires WildWorks of Utah
Nazara Technologies Limited, global interactive gaming and sports media company headquartered in Mumbai, acquired kids’ interactive entertainment firm WildWorks for $10.4 million in an all-cash deal, marking the company’s first acquisition in the U.S. A diversified gaming and sports media platform with presence in India and across global markets such...
Apple India Sales Approaches $6 Billion
Speaking at Apple’s Q2 2023 earnings call, CEO Tim Cook made reference to India 20 times reported Bloomberg News. Highlighting that India was at a tipping point, and a major focus for Apple, the chief said that the dynamism and vibrancy in the India market was just ‘unbelievable'. During the...
India’s STL Sets Up South Carolina optical fiber factory
Last year, Mumbai-headquartered Sterlite Technologies Limited, set up its own manufacturing facility in Lugoff, South Carolina, to manufacture optical cables for the global market. The plant in the U.S.: is strategically located closer to the customers in the region for speedier delivery, increases manufacturing capacity to meet the growing demand...
India’s Sun Pharma Buys Concert Pharmaceuticals
Mumbai headquartered Sun Pharmaceutical Industries Limited, India's largest drugmaker, acquired Lexington, MA-based Concert Pharmaceuticals Inc., for $576 million in cash. Sun Pharma offered Concert $8 per share, representing a premium of 16% to the stock's last close. Concert's lead candidate, deuruxolitinib, is currently being evaluated in a late-stage study as...