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...
S. Korea's Lotte Acquires Ice Cream Maker in India
South Korea’s Lotte Confectionery bought Ahmedabad, Gujarat-headquartered ice cream maker Havmor Ice Cream Ltd for $150 million in an all cash deal. Privately held Havmor, worked with KPMG, Veritas Legal and Dhruva Tax Consultants, to seal the deal. It is the first time that a South Korean company has entered the food space...
India's Motherson Sumi Expands Internationally
Noida, India-based auto component maker Motherson Sumi Systems consolidated net profit stood at $108.81 million in the quarter ending March 31, 2017, a better-than-expected 20 percent growth. Motherson Sumi's net sales outside India rose over 14 percent to 94.76 billion rupees (GB Please convert to USD) CFO of Motherson Sumi Systems,...
Canadian Exports to India Skyrocket
Canadian Business says, “Canada’s exporters may be figuring it out: the future is in Asia.” Merchandise exports to China continue to grow, and it is now Canada’s second-largest trading partner after the United States. Shipments of goods to India surged to a record in the third quarter, according to data...
India tops Altman's Baseline Profitability Index for 2015
In Foreign Policy Daniel Altman, senior editor, economics, and adjunct professor at New York University's Stern School of Business, released the third edition of the Baseline Profitability Index, a guide to where to invest around the world in 2015. He has outlined the factors that affect the ultimate success of...
Steel Scrap is a Major American Export to India
Steel scrap is a vital raw material for the production of new steel and cast-iron products, and is a hundred percent recyclable. Since domestically generated steel scrap falls short of requirements by the casting and steel making industries, India imports this resource. In 2013-2014 India imported five million tons of...