New York City-based Blackstone Group is in advanced talks to acquire over 360,000 sq ft spread over six floors in the First International Financial Center (FIFC) Tower at Bandra-Kurla Complex, a business district in Mumbai, for over $125 million. With rising income levels of India's consumers, Blackstone has started focusing...
Horiba Opens a New Technical Center in Pune, India
Japan's HORIBA Group that deals in advanced engineering, research and product development, has further expanded its worldwide automotive engineering and testing capabilities with the opening of a new India Technical Center in Pune, a city 90 miles west of Mumbai in India. Air pollution and safety have become key concerns...
India's Bharat Forge Acquires Walker Forge Tennessee
Auto components major Bharat Forge, based in Pune, and part of the Kalyani Group in India, will buy U.S.-based Walker Forge Tennessee LLC for $14 million. The proposed acquisition is aimed to increase the company's product offering in its automotive segments as well its industrial sectors such as construction and...
India's Kalyani Group is Part of OEMs' Global Supply Chains
Pune, Maharashtra-based Kalyani Group supplies Boeing titanium flap track forgings for its 737 series aircraft. The company also manufactures landing gear and structural components for other OEMs such Rolls-Royce, Liebherr Aero and Safran. Kalyani has three joint ventures in the defense sector: BF Elbit Advanced Systems for artillery systems; Kalyani...
Globant Launches Development Center in Pune, India
Luxembourg headquartered and NYSE-listed Globant, a technology services company, is expanding its operations in India with the launch of its new development center in Pune, 90 miles to the east of Mumbai, reports Business Standard. The Pune center is equipped to house 1,200 employees. Guibert Englebienne, Globant chief technical officer...
India is a Focus Market for Fiat Chrysler
In an interview with Business Standard, Kevin Flynn, president and managing director of Fiat Chrysler Automobiles, India, said that the company has robust plans for a 'made in India' variant of their Jeep brand. “We have invested $280 million in our facility at Ranjangaon near Pune to mobilize our localization...