Mumbai, India-based battery material company, Epsilon Advanced Materials (EAM), will set up a greenfield electric vehicle battery component factory - the largest ever Indian investment in the U.S. electric vehicle battery industry. EAM will invest $650 million to establish an annual capacity of 50,000 tons of high-capacity synthetic graphite anode...
Apple CEO Tim Cook inaugurates stores in Mumbai and Delhi
Apple CEO Tim Cook inaugurated of the country’s first two retail stores, Apple BKC and Apple Saket, reports Bloomberg. Apple's first-ever retail store in India, called Apple BKC, opened on April 18. It is located at Jio World Mall, in the upscale area of Bandra Kurla Complex in Mumbai. Apple Saket opened...
India’s Tata Communications Acquires The Switch Enterprises of NY
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...