Japan's SoftBank Group led an investment round of more than $200 million in New Delhi-based online grocery startup Grofers India through its Vision Fund. The series F funding saw participation from new investor, KTB of South Korea, and existing investors Tiger Global Management of New York and Sequoia Capital of...
BD India To Certify Hospitals in Patient Safety
Franklin Lakes, New Jersey-based Becton, Dickinson (BD) in partnership with the Oakbrook, Illinois-headquartered Joint Commission International (JCI) launched a new patient safety program for hospitals, called Preventing Risks of Infections and Medication Errors in Intraveneous Therapy (PRIME) in India. PRIME is a programmatic approach toward patient safety which will be...
Indian Equities Attract Biggest Foreign Investments since 2012
Indian equities attracted the biggest foreign investment in seven years in March, receiving a major chunk of inflows into Asia. Overseas investors bought $4.96 billion worth of Asian shares in March, data from stock exchanges in South Korea, Taiwan, India, Thailand, the Philippines, Indonesian and Vietnam show, of which Indian stock...
Fila to Open 100 Shoe Stores in India
Italian-South Korean sporting goods company Fila, a key player in the Indian market, will strengthen its presence by launching 100 retail stores across the country in a span of five years. The brand is projecting sales to grow more than 50 percent by the end of this financial year. Apart...
India's Share of EB-5 Investor Market Grows
EB-5, the United States visa program, that enables foreign investors to obtain a U.S. Visa by investing in a business that will benefit the U.S. economy and create jobs, is becoming an increasingly popular option for Indian nationals who seek permanent residence in the United States. Although its total market...
Samsung to Launch India-Centric Smartphones
South Korea's Samsung plans to launch a budget smartphone series in India ahead of a global release, aiming to regain ground from Chinese rivals such as Xiaomi in the world’s second-largest mobile phone market. According to Hong Kong-based technology researcher Counterpoint, in two of the three 2018 quarters for which...