A Ferrari on display at the company's Finali Mondiali event in Imola, Italy. (Photo: Pauls.127, CC0, Wikimedia Commons) Ferrari will open dealerships in Chennai, in southern India, and Ahmedabad, in western India, taking its network in the country to five cities, The Economic Times reported. It already has dealerships in...
Rolls-Royce Holds Its Board Meeting in India for the First Time
Rolls-Royce, the aero-engine maker based in London, England, held its global board meeting in India for the first time.The company said the choice reflects the country's growing importance to its business. During the three-day visit, chief executive Tufan Erginbilgiç met India's prime minister to discuss the company's long-term plans. BusinessLine...
GE Aerospace Plans to Nearly Double Spending With Suppliers in India
GE Aerospace in Evendale, Ohio, plans to nearly double what it spends with suppliers in India, to $400 million a year by 2030. The company announced the plan at an event in New Delhi, in northern India alongside an economic impact report on its four decades in the country. Vikram...
Nelnet Acquires School Software Provider Entab in India
Nelnet, a financial services and technology company in Lincoln, Nebraska, has acquired Entab Infotech, a school management software provider in New Delhi, in northern India. Nelnet's Business Services unit made the purchase, according to the company's announcement as published by Stock Titan. Nelnet did not disclose a price. Nelnet trades...
Advent International to Invest $300 million in Yatharth Hospitals
Advent International, the private equity firm based in Boston, Massachusetts, has agreed to invest over $300 million dollars for a 24.9% stake in Yatharth Hospitals, a hospital chain headquartered in the Delhi National Capital Region. The deal was first detailed by The Economic Times, which called it one of the...
EDF Deepens Its India Energy Push With New NTPC Joint Venture
NTPC, India's state-run power utility, and EDF, the French electricity company, have formed an fifty-fifty joint venture to develop, own, and operate clean-energy projects in India. NTPC and EDF Power Solutions India, a wholly owned Indian arm of EDF, signed the venture on September 25. It will pursue pumped-storage projects,...