With the El Nino phenomenon not in play this year, heavy rains in India have created the right conditions for crop planting in the key agricultural states of Punjab, Haryana and Uttar Pradesh. Officials say the good rainfall in north India has boosted soil moisture that is needed for the...
Samsung to Expand in India with $760 Million Investment
Samsung announced an investment of $763 million in India to expand its plant at Noida in the northern state of Uttar Pradesh, where it manufactures smartphones, refrigerators, and TVs. Android Authority reports that the company added an additional 35 acres of land adjacent to the current facility to double the...
Walmart to Set Up 50 New Outlets in India
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...