New York City's Franklin Templeton Investments bought about $1.2 billion of Indian government bonds in two days end March. The purchases, made through broker JPMorgan Chase & Co, were largely for tenures maturing in 2021-2023. Since March 11, when Prime Minister Narendra Modi’s party won an election in the state of...
Westinghouse Nuclear Project in India Still Alive
The bankruptcy filing at Westinghouse Nuclear threatened to scuttle the multi-billion-dollar reactor deal made by former U.S. President Barack Obama and India's Prime Minister Modi during the Washington summit last June, , Westinghouse CEO Jose Gutierrez was in India for talks with state-run National Power Corp of India Ltd and...
Global Automakers Seek Partnerships and Mergers in India
Germany's Volkswagen and India's Tata Motors signed a memorandum of understanding to develop components, and possibly new vehicles. Volkswagen's Skoda Auto AS will join the project on behalf of the German automobile group. Volkswagen CEO Matthias Mueller said the partnership would help it "achieve sustainable and profitable growth in very different...
India Participates in Hyperloop One's Global Challenge
Los Angeles-based Hyperloop One's chief executive officer Rob Lloyd, senior vice-president global field operations Nick Earle, and executive chairman and co-founder Shervin Pishevar were in New Delhi end February to showcase their 'Vision for India' to mark their official launch in the country. The event convened India's five semifinalist teams from...
Apple Discussing with Government on Manufacturing in India
Apple Inc., has written a letter to the federal government in India outlining its plans to seek financial incentives in an effort to gain market share in the country where 97% of all smartphones run Android, reports Buzzfeed. Earlier in June, the government allowed single-brand retailers like Apple to open...
Ash Carter: U.S. and India Destined to be Strategic Partners
CNN Politics reports that outgoing U.S. Defense Secretary Ash Carter was in Delhi in the second week of December in a last bid to boost relations with an ally that could prove crucial to U.S.-India defense relations. En route to New Delhi, Carter told reporters, "India and the United States...