Headquartered in New York City, SMC Global established a new subsidiary, SMC Chemicals India Private Limited, in the city of Vadodara, Gujarat. This move, made in partnership with Shimmer Chemicals Pvt. Ltd., reflects the company’s intent to build a more flexible and regionally diversified supply network. Shimmer brings decades of...
Compass Announces Plans for Tech Hub in India
New York City headquartered Compass, the real estate technology company, announced plans for a new technology hub in India's HITEC City at Hyderabad. The new tech hub plans to hire 200 product and engineering professionals in what will become the fourth Compass Tech Hub globally. The facility will help accelerate...
Blackstone Bullish on Real Estate in India
New York City-based Blackstone Group L.P. acquired a marquee office building in Mumbai’s Bandra Kurla Complex (BKC) for $357 million -- this year’s largest commercial real estate deal. Owned and developed by Mumbai-based real estate firm Radius Developers, the eight-story building, One BKC, is spread across 700,000 square feet and...
Warburg Pincus To Invest $1 billion in India Real Estate
New York City headquartered private equity firm Warburg Pincus formed a $1 billion investment platform with Mumbai-based developer Runwal Group to develop shopping malls. Both companies will each hold a 50% stake in the platform and commit an equity capital of $200 million each. The partners will raise another $600...
Morgan Stanley Invests in India's Manipal Health
New York City headquartered Morgan Stanley's India Infrastructure arm will invest $14 million in Bangalore-based Manipal Health Enterprise Private Limited. HealthMaP Diagnostics Private Limited, a joint venture between Manipal Health and Philips India Limited, will use the capital to expand its presence to 75 centers in the next three years....
India’s Ola Electric Mobility Raises $56 Million
Bangalore, India -based Ola Electric Mobility Pvt. Ltd raised $56 million from existing investors New York City's Tiger Global Management and San Francisco's Matrix Partners' subsidiary in India. Ola Electric Mobility is a division of cab aggregator Ola which plans to launch 10,000 three-wheeled and other electric vehicles on Indian...