Pune, India-headquartered Tech Mahindra announced it will acquire a 17.5 percent stake in Tewksbury, MA-based telecom software development company Altiostar Networks for $15 million in a cash deal. The investment is through its wholly owned subsidiary, Tech Mahindra (Americas) Inc, USA, the company said in a regulatory filing. "This is...
India Installs Supercomputers for Weather Forecasting
The Ministry of Earth Sciences in India installed the country’s two fastest supercomputers to conduct earth science research and improve weather and climate forecasts. Both machines are Cray XC40 supercomputers with ClusterStor storage, and are deployed at the Indian Institute of Tropical Meteorology in Pune, and the National Center for...
India-Made Jeep Compass Now Sold in Japan, Australia
Fiat Chrysler Automobiles, India, shipped its first batch of 600 right-hand drive units of the made-in-India Jeep Compass from the Bombay Port Trust facility to Australia and to Japan. The SUVs are produced in the company's Ranjangaon factory situated near the city of Pune, and have over 65% localized Indian content. The...
Three of India's States Consider Hyperloop Installations
In October, I blogged about Hyperloop Transportation Technologies first agreement with India's eastern state of Andhra Pradesh's Economic Development Board, to facilitate the development of HTT’s Hyperloop Transportation System in the state. In November, Los Angeles-based Virgin Hyperloop One entered into a partnership with the government of Maharashtra for exploring...
Belgian Beers Now Offered at India's Pubs
Belgium's Chimay, one of only 11 "Trappist" beers in the world, brewed by monks within the walls of an abbey, with profits going to charity, will be available in India. Its launch in the Indian market coincides with the Belgian royal couple King Philippe and Queen Mathilde visit to India...
Exports Look Up for Global Auto Makers in India
According to the latest export numbers released by the Society of Indian Automobile Manufacturers, Ford India maintained a strong export trajectory for April - September 2017. With 82,347 units (+11.5% growth) Ford has the biggest share, accounting for 22.7% of the shipments. Built at the integrated Sanand plant in Gujarat,...