" $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...
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...
India's Airtel, Reliance Jio to Start Voice over Wi-Fi Services
New Delhi-based Bharti Airtel and Navi Mumbai headquartered Reliance Jio Infocomm (RJio) are in advanced stages of testing Voice over Wi-Fi (VoWi-Fi) services, a technology that keeps users connected even without a mobile signal. This move will enable telecom companies to take on over-the-top players such as Skype, WhatsApp, Hike, Facebook...
Ikea Expands Footprint in India
Swedish furniture and home furnishing retailer Ikea inaugurated its first store in India on August 9 in the southern city of Hyderabad and will soon have two more. The 400,000 square foot facility in Hyderabad has the biggest Ikea restaurant anywhere in the world, with seating for 1,000 people. In India,...
India's Reliance Defense Will Repair U.S. Navy Warships
Navi Mumbai based Reliance Infrastructure-controlled Reliance Naval and Engineering signed a master ship repair agreement with the U.S. Navy. In January this year, the Reliance Shipyard at Pipavav in the western state of Gujarat was qualified by the U.S. Navy to perform complex repair and alternation services for its Seventh...
India's Aakar Innovations Creates Compostable Sanitary Pads
Twelve percent of India's 300 million menstruating women use sanitary napkins during their menstrual cycle. One billion commercially produced disposable sanitary napkins made by companies such as Procter & Gamble and Johnson & Johnson end up in urban sewers, landfills, as well as in rural fields and water bodies in...