JCB India, a subsidiary of J.C. Bamford Excavators Limited universally known as JCB, with headquarters in Staffordshire, England, increased its revenue from $880 million in 2014 to over $1.2 billion at the end of 2017. The largest manufacturer of construction equipment in the country, JCB India's business was boosted by...
Unilever Ventures Invests in India's Milkbasket
U.K.-based Unilever's venture capital arm, Unilever Ventures, invested $3 million in Gurgaon-based Aaidea Solutions, which runs the grocery delivery start-up Milkbasket. The firm delivers milk, bread, eggs and butter to customers' homes every day at 7 am and is looking to add further grocery lines to its service. Anant Goel,...
Boeing Renews Manufacturing Contract with India's Tata
Boeing and India's Pune-based TAL Manufacturing Solutions (TAL), signed a new contract for TAL’s continued manufacturing of the Advanced Composite Floor Beam for Boeing's 787-9 and 787-10 Dreamliner airplanes. TAL has a dedicated manufacturing facility for Boeing in Nagpur from where it manufactures and ships these beams. "Boeing has provided...
In India, Starbucks Localizes, Aims to Enter Tier-II Cities
Tata Starbucks Private Ltd., the equal joint venture between Seattle, Washington-based Starbucks Coffee Company and India's Tata Global Beverages Ltd., will focus on regional culinary innovations and expanding its market to tier-II cities of India. Since starting operations in the Indian market in October 2012, it has a total of...
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...
Western Union Launches India R&D, Tech Center
Englewood, CO-headquartered financial services and communications company, Western Union, announced the launch of its Western Union Technology Engineering Center (WUTEC) in Pune, 75 miles east of Mumbai, in the state of Maharashtra, India. The new research center will serve as Western Union’s innovation and engineering hub in the region. It...