Redlands, CA-based geographical information systems (GIS) and mapping software developer Esri, launched a new research and development center in India. Esri R&D Center, New Delhi, will play a significant role in developing the next generation of Esri’s ArcGIS Enterprise based on a microservices architecture. The company will delve into data...
U.S.-India Clean Energy Finance Signs on New Partner
U.S.-India Clean Energy Finance (USICEF) initiative, signed on a new partner, New Delhi-based PTC India Financial Services Limited (PFS), a Non-Banking Financial Company registered with India's central bank. USICEF is managed by San Francisco headquartered Climate Policy Initiative and was founded in 2017 in partnership with the Indian Ministry of...
Hong Kong's Baring PE Acquires Assets in India
Hong Kong-headquartered alternative asset management firm Baring Private Equity Asia will acquire Chennai and Newark-based AGS Health Private Limited for $320 million. AGS is an analytics-driven, technology-enabled Revenue Cycle Management company providing medical billing, medical coding, and business analytics services to healthcare providers across the U.S. Private equity buyout specialists...
U.S., India Create 7 CEO Groups to Boost Bilateral Trade
The United States and India plan to push bilateral trade in energy, aerospace, defense, pharmaceuticals, and healthcare as part of a continuing commercial dialogue. Bilateral trade, which stood at $126 billion in 2017, is believed by many to be only a quarter of the actual potential between the two countries....
Why the U.S.-India Defense Relationship Is Important
Over the past decade, the U.S.-India defense relationship has become indispensable in promoting peace, prosperity and stability in the Asia Pacific and Indian Ocean region. In fact, America’s oldest and largest geographic combatant command changed its name last year from U.S. Pacific Command to U.S. Indo-Pacific Command, specifically to highlight...
Warburg Pincus JV to invest $400 million into affordable hotels
New York City-based private equity firm Warburg Pincus LLC., is setting up a joint venture with New Delhi-headquartered Lemon Tree Hotels Limited that plans to invest over $400 million to develop full-service accommodation for students and young working professionals. Warburg Pincus will hold a 68% stake in the joint venture while...