Having acquired Chennai-based auto parts maker Comstar Automotive Technologies Private Limited for $150 million in April this year, New York-based Blackstone Group L.P. is set to invest in Gurugram-headquartered auto components maker Sona BLW Precision Forgings Limited. Blackstone will initially invest a minority stake, and will later increase its shareholding in...
PolyOne Expands Operations, Launches Tech Center in India
Avon Lake, Ohio-based PolyOne, provider of specialized polymer materials and services, launched a new thermoplastic elastomer production line at its Pune facility in India, as well as a technology center for new and existing R&D activities. This facility will enable some customers to source all their specialty polymer requirements from a...
India Company Acquires Boston Health Startup
Pune, Maharastra-based Persistent Systems acquired Boston, MA-based hospital data management company, Herald Health, a two-person health tech startup with successful pilots at Brigham and Women's and Boston Children's Hospitals in Boston. The deal was closed for $5.2 million. Herald Health has created a software platform that allows various hospital stakeholders...
CrowdStrike Launches Innovation and Development Center in India
Sunnyvale, CA-based cybersecurity technology company CrowdStrike announced the expansion of its operations in the Asia Pacific and Japan region with the opening of a new Innovation and Development Center in Pune, India. The new Center will serve as a focal point for CrowdStrike’s engineering: driving research, development, and innovation. CrowdStrike chose...
Ikea Expands Footprint in India
Swedish furniture and home furnishing retailer Ikea inaugurated its first store in India on August 9 in the southern city of Hyderabad and will soon have two more. The 400,000 square foot facility in Hyderabad has the biggest Ikea restaurant anywhere in the world, with seating for 1,000 people. In India,...
Mercedes to Sell India Made GLC in U.S.
Mercedes-Benz India — a wholly-owned subsidiary of Germany’s Daimler AG — will ship its best-selling vehicle, the GLC compact crossover, from India to the company’s U.S. subsidiary. Built at the automaker's plant in Pune, in the western state of Maharashtra, the vehicles will arrive in the U.S. in October, Mercedes-Benz U.S.A....