Tech Mahindra Limited, an IT services company headquartered in Pune, 100 miles east of Mumbai, inaugurated a new Technology Center in St. Louis, Missouri. The facility emphasizes Tech Mahindra’s commitment to strategic collaboration and will create a future-ready technology workforce in the Midwestern United States. The Center, located at O'Fallon...
Danish Fashion Brand Hummel Opens 5 India Stores
Founded in 1923, Hummel, a sportswear company based in Aarhus, Denmark, inaugurated five stores in India and plans another ten by the end of this year. The first five stores, which are franchised, are located in Bangalore, Pune, Chennai, Surat, and Amritsar. Soumava Naskar, managing director of Hummel India, said...
Harman Increases Automotive Electronics Manufacturing in India
Stamford, CT-based Harman, a wholly-owned subsidiary of Samsung Electronics Company, announced an expansion to its automotive electronics manufacturing plant at Chakan, near Pune, in India's state of Maharashtra. Established in 2014, this plant currently manufactures highly sophisticated connected car solutions including automotive infotainment units for India’s domestic and global automotive...
Global India Tech Centers Record Business of $28 billion in 2018
The market size for global capability centers (GCC), also known as multinational tech centers, amounted to $28.3 billion in 2018, compared to $19.5 billion in 2014 according to a study by industry body Nasscom. With over 1,250 and counting, India has the biggest presence of GCCs in the world, (the...
Mastercard to Invest $1 Billion in India
Keeping pace with the growth of India's digital payments market, Purchase, New York-based Mastercard announced a fresh investment of $1 billion over the next five years to increase its infrastructure in the country. The company expects to double its existing headcount from 2,000 to 4,000 during that period. Rajeev Kumar...
Matrix Partners Invest in India's Dairy Startup Country Delight
Palo Alto, CA-based Matrix Partners' subsidiary Matrix Partners India led an investment of $10 million in Guragaon-based dairy startup Country Delight. Matrix’s previous investment in the dairy space was on milk and grocery delivery startup DailyNinja. "We have been tracking Country Delight for more than a year now and have...