New York City headquartered private equity firm Warburg Pincus formed a $1 billion investment platform with Mumbai-based developer Runwal Group to develop shopping malls. Both companies will each hold a 50% stake in the platform and commit an equity capital of $200 million each. The partners will raise another $600...
Bloomberg: 2020s Set to Be the Asian Decade
Bloomberg reports that Asia dominates an exclusive list of economies expected to sustain growth rates of 7%. According to a research report by Madhur Jha, Standard Chartered’s India-based head of thematic research, and Global Chief Economist David Mann, India, Bangladesh, Myanmar, Vietnam and the Philippines along with Ethiopia and Cote...
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...
Andhra Pradesh Seeks International Collaborations for Aquaculture
To improve aquaculture, the Indian State of Andhra Pradesh's Fisheries Department held discussions with organizations from Singapore, Netherlands, Vietnam, and other countries, to establish collaborations for knowledge-sharing and technology transfer. Teams from these countries visited the State and held talks on forging a joint partnership in deep sea fishing as...
Pegatron to Move Some Apple Manufacturing to India
Apple's contract manufacturing firm, Taiwan-based Pegatron Corporation is planning to to open production plants in three new countries: India, Vietnam, and Indonesia. This move comes after Foxconn, one of the primary contract manufacturers for Apple revealed its plans to expand outside China. I had written about this last month. Pegatron...