Tata Capital, the financial services arm of the Tata Group, is launching India’s biggest initial public offering of the year, aiming to raise up to $1.7 billion. The offering includes up to 475.8 million shares — both new and existing, priced approximately $3.72 to $3.91 per share. Key stakeholders participating...
Tata Group Builds India’s First Chip Fab
The buildings that will host India’s first commercial chip factory are taking shape. The $11 billion project is a partnership between Tata Group, and Powerchip, a Taiwanese manufacturer of semiconductors, according to an article in the The Economist For the moment Tata’s factory (which sits in a "special investment region",...
Apple To Move Most iPhone Assembly to India
Apple aims to import most U.S.-sold iPhones from India by the end of 2026, planning to double its annual Indian iPhone production to over 80 million units. For context, Apple assembled about 40 million iPhones in India in FY2025 and sells approximately 60 million iPhones annually in the U.S. This...
Rising Healthcare Economy in India: An American Opportunity
In 2024, the healthcare sector in India was abuzz with the merger of Aster DM Healthcare and Quality Care India Limited (QCIL), backed by Blackstone, resulting in an entity valued at $5.08 billion. This merger gave birth to Aster DM Quality Care, catapulting it to the position of the third-largest...
India Floats Global Bids for 114 Fighter Aircraft
India is preparing to re-launch a significant military procurement initiative this year, seeking bids for 114 multi-role fighter aircraft. The initiative comes at a crucial time for the Indian Air Force , which has seen its fighter squadrons decline to 31 from the required strength of 42. This reduction is concerning...
Reliance Industries Plans World’s Largest Data Center in India
Reliance Industries, led by Mukesh Ambani, aims to build the world's largest data center in the city of Jamnagar, Gujarat, to strengthen its AI push in India. The proposed facility is set to have a capacity of three gigawatts, significantly surpassing Microsoft's current largest 600-megawatt site in Virginia. This ambitious...