IKEA, the world’s largest furniture retailer, is significantly accelerating its investment in India, designating it a "priority market" for long-term growth. Despite global sales dropping to $51.7 billion in FY2025 from $52 billion the previous year, the company's Indian operations saw a 6% revenue increase and a 10% improvement in...
Microsoft’s India AI Investment Expands
Microsoft announced its largest investment in Asia to date, committing $17.5 billion to India over four years, spanning from calendar year 2026 to 2029. This capital injection is designed to advance the nation's cloud and artificial intelligence infrastructure, workforce skilling, and operational capabilities. The funding builds upon a previous $3...
Cummins India Delivers Strong Q2 on Exports and Margin Growth
Headquartered in Pune, Cummins India Ltd. delivered a pleasing financial performance, with results significantly exceeding analyst expectations across key metrics. The following highlights summarize the company's strong profitability, revenue growth, and promising outlook for the coming year. Quarterly Net Profit Beat Estimates: Net profit for the quarter ended September 2025...
Iowa Delegation Embarks on Trade Mission to India
Governor Kim Reynolds of Iowa is leading an eight-day trade and investment mission to India, accompanied by a delegation of state officials and business leaders. The initiative, organized by the Iowa Economic Development Authority (IEDA) with support from the U.S. Embassy in Delhi and the U.S. Consulate in Mumbai, aims...
Apple Expands Retail Footprint in India
Apple is significantly expanding its retail presence across India with four new stores planned in key metropolitan areas. The Noida and Pune locations have already been confirmed, while Bangalore and Mumbai stores are in development. These new locations will complement Apple's existing stores and will strengthen the company's footprint in...
Roche Inaugurates New Digital Center of Excellence in India
Swiss pharmaceutical giant Roche inaugurated its Digital Center of Excellence in Pune, India. This strategic investment underscores Roche's commitment to establishing Pune as a hub for digital talent and thought leadership within the company. Over the past three years, Roche has been on a transformative journey in Pune, earning recognition...