Walmart will open 50 new wholesale stores across India over the next three to four years which will be located in the states of Telangana, Andhra Pradesh, Maharashtra, Punjab, Uttar Pradesh and Haryana. President and CEO, Walmart Canada and Asia, Dirk Van den Berghe, said Walmart was committed to India,...
India to Export Fertilizers by 2021
India has drawn up an $8.7 billion plan to revive inoperative fertilizer plants and set up gas import and pipeline facilities in eastern India in a bid to become an exporter of urea(a chemical nitrogenous fertilizer) by 2021. The project includes building a 1,590-mile pipeline, the revival of four urea...
India's Ardom Telecom Acquires Texas-based Quanta Towergen
Gurgaon, India-based Ardom Telecom, a telecom infrastructure operation and maintenance company, has acquired U.S.'s Quanta Towergen Private Limited in an all cash deal. Quanta Towergen is owned by Houston Texas-based Quanta Services which struck this deal via their Netherlands-based special purpose vehicle. In the last few years, Quanta has invested ...
Templeton Buys $1.2 Billion India Government Bonds
New York City's Franklin Templeton Investments bought about $1.2 billion of Indian government bonds in two days end March. The purchases, made through broker JPMorgan Chase & Co, were largely for tenures maturing in 2021-2023. Since March 11, when Prime Minister Narendra Modi’s party won an election in the state of...
Scientists in India Create Sensor to Detect Bacteria Quickly
Working in collaboration with the Photonics Research Center at the University of Quebec in Outaouais, scientists from the Indian Institute of Technology Kanpur, in the northern state of Uttar Pradesh, have built a sensor that can detect the presence of Escherichia coli in food and water in under 20 minutes, much...
IT Kanpur Students Design Utilitarian Dental Chair
Setting up a dental practice for graduating dentists in India can be daunting because of the cost of equipment – particularly the chair which can cost from $1500 to $7500. However, three students of the Indian Institute of Technology, in Kanpur in the northern state of Uttar Pradesh have come...