The Singapore and India-based private equity firm Everstone Capital invested $33 million in contract research and drug delivery company Rubicon Research, in a bid to diversify its portfolio. Rubicon has a USFDA-approved manufacturing plant in Mumbai, and it provides solutions for bioavailability enhancement, gastric retention, taste masking, and customizing the...
India Rises in WEF's Competitive Rankings
India jumped 16 places to number 39 out of 138 countries rated in the World Economic Forum’s competitiveness ranking, due mainly to better infrastructure and strong economic growth. In the World Competitiveness Report 2016-2017 rankings are made on the assessment of 12 parameters: institutions, infrastructure, macroeconomic environment, health and primary...
Flipkart Claims User Base Exceeds 100 Million
India's e-tailer Flipkart crossed the 100-million registered users mark, becoming the first e-commerce company in the country to hit the milestone. Its investors include Tiger Global, Naspers, Accel Partners, Morgan Stanley Investment Management, T Rowe, and GIC, Singapore’s sovereign wealth fund. The Bangalore-based company doubled its user base over the...
Dramatic Changes Predicted at Future of Asia Conference
According to the Los Angeles World Affairs Council's (LAWAC) Future of Asia Conference that took place on September 15 and 16, "Asia is a continent where the stakes are rising rapidly - both in economic promise and expansion of individuals' horizons, but also in environmental and security challenges." 57 speakers,...
India's Telecom Industry Consolidates
According to Mobile World Live, India’s fourth largest operator Reliance Communications (RCom) and smaller rival Aircel signed definitive documents to effect “the largest-ever consolidation in the Indian telecom sector”, creating the country’s third largest operator. Merger talks between the two companies have been ongoing for a year, and now RCom and Maxis...
India’s Wild Tiger Rum Boards Tiger Air
India's Wild Tiger Special Reserve Rum has partnered with Singapore's Tiger Air flights to retail on all routes operated by the carrier. Wild Tiger first launched in the U.K. in 2015 before expanding into UAE markets, as well as Bangalore and Mumbai travel retail, reports The Spirits Business. Produced from a blend...