San Jose, CA-based eBay is poised to make a strategic investment of $170 million in Paytm Mall the Indian online retail platform space. Last year, the company sold its 6.55% stake it held in Flipkart for $1.1 billion when the startup was taken over by Walmart, and has been looking...
Syrma Technology to Expand in India’s Electronics Market
With the opening of its fifth and most recent electronic devices manufacturing facility in Bawal, located in the Delhi-Mumbai Industrial Corridor, San Jose, CA and Chennai-based Syrma Technology aims to become a leader in India’s fast-growing automotive, industrial, aerospace, defense, and healthcare electronics market. The new facility, built at an...
PayPal India Reports Twelve-Fold Jump in Revenue
San Jose, California headquartered PayPal's India subsidiary reported an over twelve-fold jump in revenue for financial year 2018. As a result, the company has increased its investments in India, augmented its technology, and will hire new employees in the country. PayPal will also launch a new office in Mumbai. While...
India's Sportswear Industry Poised for Growth
According to a research report by San Jose, CA-based Global Industry Analysts Inc., the global market for Sports and Fitness Clothing is projected to reach $231.7 billion by 2024, and the Asia-Pacific region is expected to be fastest growing region, with a CAGR of 6.9 percent over the forecast period....
Sanmina Expects to Manufacture Medical Devices in India
San Jose, CA-based Sanmina Corporation received FDA registration at its Chennai, India manufacturing facilities. The registration allows for the company to manufacture finished products like imaging systems, blood glucose meters, patient monitors and other complex medical instruments and devices. Sanmina becomes the first tier 1 Electronic Manufacturing Services company to...
eBay to Relaunch India Operations
After selling a minority stake in Flipkart Internet to Walmart for about $1.1 billion, San Jose, CA-based eBay Inc., plans to relaunch its own operations in India. eBay ended its "current strategic relationship" with Flipkart including unwinding commercial agreements with the company and terminating Flipkart's license to use the eBay.in...