London-headquartered Apax Partners acquired Bangalore-based Healthium Medtech in a deal worth approximately $350 million. (In mid-March I had mentioned that this deal was in the offing.) Healthium is India's largest medical consumables and surgical sutures company. It also owns Quality Needles and U.K.-based Clini Supplies. "Healthcare is a key focus...
GE Power India Wins $80 Million in NTPC Contracts
GE Power India Ltd., was awarded one contract worth over $45 million by state-owned NTPC Limited, India's largest power utility, for installing a Flue Gas Desulphurization (FGD) system at Phase-I of NTPC’s Super Thermal Power Project in the southern state of Telangana. According to the emission norms for controlling sulfur oxides,...
Netflix Aims for 100 Million Subscribers in India
Speaking at the Economic Times Global Business Summit in New Delhi at a panel entitled "The Future of Entertainment," Netflix CEO Reed Hastings said, "Given the consumer base, the next 100 million [subscribers] for us is coming from India." He added that the country is "the most phenomenal example anywhere...
Global, Indian Companies to Boost Smartphone Adoption in India
Google and India's telecom company Bharti Airtel have partnered to launch low-cost 4G smartphones powered by Android Go, a trimmed down version of Android 8.1 Oreo, in India. Noida-based Lava International Limited and New Delhi-based Micromax, will make the first set of 4G handsets powered by Android Go. Vani Venkatesh, chief...
American College of Cardiology to Collaborate with India's Hospitals
Based in Washington D.C., the American College of Cardiology (ACC) has partnered with Delhi-based manufacturer of drug-eluting stents and other medical equipment, Translumina Therapeutics, for an International Center of Excellence (ICOE) program in India. This collaboration aims to augment care of patients with cardio vascular disease by standardizing and enhancing...
Global Firms Seek India's IT Talent for Digital Transformation
With technologies such as artificial intelligence and biometrics leading digital transformations in organizations across the world, India is seen as a prime location for global businesses to open technology hubs as an extension of their business rather than a third-party service provider. Bangalore has the best environment for businesses to...