India's Space Research Organization or ISRO's GSAT-11 satellite, also known as the 'Big Bird,' was successfully launched into space from the French space port of Kourou, French Guiana. It will provide satellite-based internet to remote places where cable-based internet cannot reach, as also facilitate internet connectivity in flights within India. "GSAT-11...
Britain's Apax Partners to Acquire India's Healthium Medtech
British private equity firm Apax Partners LLP., headquartered in London, England, is set to acquire India’s largest surgical and wound care products maker Healthium Medtech (formerly Sutures India) in a deal estimated at $400 million. San Francisco- and Fort Worth-headquartered private investment firm TPG that held a 73% share in Healthium,...
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,...