With the government's thrust on 'Make in India', where tax on imported mobile and consumer electronics components is going up, Samsung sees a big business opportunity in manufacturing them in the country. The Korean company plans a fresh investment of $350 million initially in this business and will ramp up...
India's HCL Acquires Seattle's Strong-Bridge Envision
Headquartered in Noida, a distance of 13 miles from Delhi, HCL Technologies acquired Seattle-based Strong-Bridge Envision, a digital transformation consulting firm backed by Bow River Capital of Denver, CO. With offices in Seattle, Denver, Atlanta, and New York City, Strong-Bridge Envision (SBE) will become part of HCL’s global Digital and...
India's Motherson Sumi to Acquire Bombardier Transportation’s Assets
Noida, India-headquartered auto ancillary company, Motherson Sumi Systems will pay over $14 million to acquire Bombardier Transportation (Rolling Stock) U.K. Limited’s assets for producing and installing electrical components and systems for the rail industry. The deal also includes acquisition of Bombardier assets to manufacture wiring harnesses, panel and cabinet build,...
India's R Systems Acquires IL-Based Innovizant LLC
Noida, India-headquartered R Systems, a global technology and analytics services organization, Innovizant LLC based at Downers Grove, Illinois through its California subsidiary R Systems Inc.. Ramneet Rekhi, vice president of R systems said that the acquisition has strengthened the company's digital practice with niche data analytics competencies and a marquee customer...
Bluecore of New York Acquires India Startup
New York-based retail tech marketing company Bluecore Inc., announced the acquisition of Noida-based startup Betaout a customer intelligence and marketing automation platform for e-commerce companies. Fayez Mohamood, CEO and co-founder of Bluecore said, "Betaout brings expertise in channels beyond email, like Facebook, onsite, mobile push, SMS, that are critical to...
Is China Losing Ground to India in Manufacturing?
In an article written in Chinese by Wang Xinxi and published by Sina Tech, the author shares reasons why India is starting to threaten China's dominance in some parts of the manufacturing sector. In the mobile phone manufacturing business, global players such as Samsung, Apple, Foxconn, have invested in India-based...