New York City headquartered Compass, the real estate technology company, announced plans for a new technology hub in India's HITEC City at Hyderabad. The new tech hub plans to hire 200 product and engineering professionals in what will become the fourth Compass Tech Hub globally. The facility will help accelerate...
Carlyle Invests over Half Billion in Indian Insurance
The Washington D.C.-based private equity firm Carlyle Group, in its biggest-ever investment in India, acquired a 9 percent stake in SBI Life Insurance Limited. Carlyle paid $652 million to French BNP Paribas Cardif SA from whom they bought the stake. The French bank’s insurance unit now holds 12.77 percent stake...
Good Food Institute to Establish Center in India
Washington D.C.-based non-profit Good Food Institute, the government of India's state of Maharashtra, and the Institute of Chemical Technology located in Mumbai will set up a Center for Excellence in Cellular Agriculture. Good Food Institute India is looking for funding of $8 million to set up a lab at the...
U.S. Trade Agency Keen to Invest in India
Washington D.C.-based Overseas Private Investment Corporation or OPIC, a U.S. government's development finance institution, expressed interest in investing in India. David Bohigian, executive vice-president at OPIC said that the institution was looking across all sectors including late stage Indian startups, infrastructure development, port development, and the solar energy sector, not...
Companies, Trade Groups Protest Import Tariffs
Manufacturer, distributor, and installer of garage storage and home organization products since 2008, Lake Forest, CA-based SafeRacks' CEO, Matt Davis says, "Tariffs are a sales tax on American consumers. They disrupt supply chains and make it very difficult for small business to compete." Davis, a 10-year career veteran from the...
Businesses Say Section Tariffs Will Cost American Jobs
Last month, a number of company and industry representatives testified before trade officials in Washington D.C. about how Section 301 tariffs on imports from China will affect them. The hearings lasted more than 45 hours, with witnesses allowed to speak for five minutes each. Reproduced below are a few of...