India has seen a significant surge in initial public offerings (IPOs) over the past year, with 2023 hitting a nine-year high of 238 IPOs raising $7.35 billion. Lesser known companies in sectors such as pharmaceutical's Delhi-headquartered Mankind Pharma's listing, have rekindled interest in IPOs by offering steady revenue growth and...
India to Have Record Number of IPOs in 2024
India has seen a significant surge in initial public offerings (IPOs) over the past year, with 2023 hitting a nine-year high of 238 IPOs raising $7.35 billion. This IPO boom shows no signs of slowing down, with 130 new listings and 313 billion rupees raised so far in 2024. Lesser...
India’s Ola, Siemens, to Build Advanced EV Manufacturing Hub
Bangalore-based Ola, will partner Siemens to build its upcoming electric vehicle manufacturing facility. The announcement follows Ola's MoU with the government of the southern state of Tamil Nadu to invest $300 million toward building the manufacturing unit. With an initial capacity of 2 million electric scooters per year, the facility...
Siemens Healthineers Opens Global Innovation Hub in Bangalore
Siemens is locating a center of competence for innovation in digital technologies such as data analytics, artificial intelligence, immersive technologies like augmented and virtual reality, user experience, and cybersecurity in India. The company has Innovation Hubs in the United States, Germany, and China in addition to this one in Bangalore....
Medtronic to build out largest R&D center in India
When the medical device and pharma unit broke away from Tyco to form a new public company, Covidien, they very quickly hired Amritt to help guide their India R&D strategy and expansion. A few years later this led to the creation of a "captive" engineering facility in Hyderabad in south...
India's Technology Startup Ecosystem Boosted by Siemens
Mentor, a Siemens business, announced a strategic collaboration program with THE GAIN (The Global Accelerator for Innovation Network) – a Bangalore, India-based technology accelerator company focused on product engineering IP startups. Both organizations will work with innovative Indian startups to accelerate, develop, and customize IP to address both domestic and...