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,...
EQT Group to Invest $50 Billion in India by 2030
" $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...
ASML Begins Operations in India, Backing Tata’s Semiconductor Fab
ASML, the Dutch maker of the machines that print circuits onto silicon wafers, has started operations in India and plans to hire twenty to thirty young engineering graduates to begin with, according to a Press Trust of India report carried by Business Standard. The company is headquartered in Veldhoven, in...
Germany’s TKMS Nears $8 Billion India Submarine Deal
ThyssenKrupp Marine Systems, a naval defense manufacturer headquartered in Kiel, Germany, is close to signing an $8 billion deal to build six next-generation conventional submarines for the Indian Navy under a program known as Project 75I. Jasper Wieck, Germany's Ambassador to India, said the deal is finalized on Germany's side...