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....
India's Bharat Forge to Set Up Forging Facility in U.S.
Pune, India headquartered auto components maker Bharat Forge will invest $55 million in setting up an aluminum forging facility in Tennessee. The unit will will commence production in 2020 and will cater to the North American car market. To improve the financial strength of its international operations, the company's emphasis...
Indium Corporation to Expand to India
Clinton NY-based Indium Corporation and Chennai, India headquartered MEL Systems and Services Limited (MELSS) have formed a strategic partnership to expand accessibility to Indium Corporation soldering materials throughout India. MELSS will sell all of Indium Corporation’s soldering materials, such as low-voiding solder paste and solder preforms for bottom termination components,...
Zara India Reports 70 Percent Rise in Profits
Driven by strong sales and lower price points, fashion retailer Zara's net profit went up more than 70 percent in India in 2017. Spain-based Inditex has two joint ventures with India's Tata Group’s retail arm Trent: one for Zara and the other for luxury label Massimo Dutti. The joint venture...