Belden, the networking equipment maker headquartered in St. Louis, Missouri, is expanding local manufacturing capacity at its existing facility in Pune, India, to build Ethernet switches for its Ruckus Wireless business, according to Business Standard. The move follows Belden's $1.8 billion acquisition of Ruckus Wireless and marks a break from...
Uber Invests $10 Million in India Fleet Partner Carrum Mobility
Uber, headquartered in San Francisco, California, has invested $10 million in Carrum Mobility, a fleet management startup based in Gurgaon, Haryana in the Delhi National Capital Region. The Series B round values Carrum at $168 million, nearly tripling the roughly $63 million valuation the company carried after Uber's first $7...
Alcon Adds Second Global Capability Center in Bangalore
Alcon, one of the world's largest eye-care medical device companies, has expanded its Global Capability Center operations in India with the opening of a second Alcon Global Services facility in Bengaluru. The expansion is notable not simply because Alcon is adding office capacity in India, but because of the range...
IKEA Targets 30 Stores and Export Dominance in India
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...