According to Wall Street Journal, Chicago-headquartered consumer credit reporting agency, TransUnion, plans to reduce costs and increase savings by transitioning additional roles to its global capability centers overseas. The company plans to deliver between $120 million to $140 million of annual operating expense savings, and a $70 million to $80...
Prosus Calls Off $4.7B Takeover of India’s BillDesk
Amsterdam-listed Prosus NV, the investment arm of South Africa's multinational Naspers, terminated the $4.7 billion acquisition of online payments gateway company BillDesk, based in Mumbai, India. In a note published on Prosus’ website, Eoin Ryan, head of investor relations, said, "Certain conditions precedent were not fulfilled by the September 30,...
Macron Personally Invites Modi to the G7 Summit
Even though India is not a member of the group, French President Emmanuel Macron invited India's Prime Minister Narendra Modi to the G7 Summit on August 25-26 in Biarritz – France. India's Ministry of External Affairs said that the invitation from the French president was a "reflection of the personal...
South African Restaurant Chain to Expand in India
Having set up its first outlet in Delhi in February this year, South African casual dining restaurant chain Barcelos that serves Portuguese cuisine, aims to expand its footprint in the country. "The company sees India as one of the biggest opportunities to establish and expand its brand. Barcelos will have...
India Ranks in Top 10 Commonwealth Innovation Index
Commonwealth Secretary-General Patricia Scotland launched the Commonwealth Innovation Hub on April 16 the opening day of the 2018 Commonwealth Heads of Government Meeting in London. On the sidelines of the Meeting, a Commonwealth Innovation Index was launched where India was ranked at 10th position topped by the United Kingdom, Singapore,...
GM Makes India an Export Hub
While closing down sales of its automobiles in India, Michigan-based General Motors will continue making vehicles in India, primarily as an export hub for Mexico, Central America and South America. The company also plans to maintain its technical center, R&D facilities, and sourcing components. “As the industry continues to change,...