Alpharetta, GA-based Halyard Health will divest its India subsidiary surgical business to Virginia-based Owens & Minor for $710 million -- a transaction that confirms investor appetite and growing opportunities in India’s healthcare sector. The sale gives Halyard a singular focus on its medical devices business. The company said it would...
USTDA to Work with Airports Authority of India
The U.S. Trade and Development Agency signed a memorandum of understanding with the Airports Authority of India to support a 20-year master plan aimed at expanding the operational capacities of the Kolkata and Lucknow international airports, two of the fastest growing airports in India. State-owned Airports Authority of India selected...
Mars Food Acquires Tasty Bite in India
Mars Food, the European arm of Virginia-based Mars Inc, has signed a definitive agreement to acquire Preferred Brands International, based in Connecticut. The deal is expected to close by the fourth quarter of 2017, subject to regulatory approvals. Preferred Brands International, a manufacturer and marketer of ready-to-heat Indian and Asian...
Hilton Poised for Major Expansion in India
With 15 operating hotels in India currently, McLean Virginia-based Hilton is planning to add 18 more across India by 2021 as it considers the country to be one of its key growth drivers. In an interview with the Economic Times, Christopher J. Nassetta, president and CEO of Hilton Worldwide said...
Lockheed, Northrop JV to Supply Fire Control Radar Systems to India
Longbow LLC, a joint venture of Lockheed Martin, headquartered in Maryland, and Virginia-based Northrop Grumman, will supply fire control radar (FCR) systems with advanced air and ground targeting capabilities for India’s AH-64E Apache attack helicopters, making India its 11th international customer, reports DefenseNews. Under this contract, $57.1 million is obligated...
hCentive Inc. to Increase Workforce in India R&D Center
hCentive Inc., a health insurance exchange solutions company headquartered in Reston, Virginia plans to invest $125 million (Rs. 750 crores) at its R&D center in Noida, India over the next five years and expects to ramp up its India team by about 25% over the next twelve months. V.J. Bala, Senior Vice President...