In a joint statement issued at the conclusion of the 9th round of the U.S.-India Strategic Security Dialog held in Washington, DC, on March 13 this year, both sides "committed to strengthen bilateral security and civil nuclear cooperation." The United States reaffirmed its strong support of India’s early membership in the...
Global Technology Firms Increase Workforce in India
U.S.-based firms Microsoft, LinkedIn, Oracle, Facebook, and Google are increasing their engineering staff in India. These companies are seeking engineers from India to work on technologies similar to their global counterparts to build competence in niche technology areas. A report from Washington-DC based Bain & Company published last month said...
Carlyle Buys Stake in India's Logistics Firm Delhivery
DC-based global alternative asset manager, The Carlyle Group acquired a significant minority stake in Delhivery Private Limited, India’s largest third-party supply chain services company focused on digital commerce. LBR reports that equity for this transaction came from Carlyle Asia Partners IV. Tiger Global, one of the existing investors of Delhivery,...
PM Modi Will Attend the Nuclear Security Summit at Washington D.C.
The Prime Minister of India, Narendra Modi, will participate in the 4th Nuclear Security Summit on March 31 and April 1, 2016 at Washington D.C. More than 50 heads of state, among other leaders, will gather at the Washington Convention Center for closed-door meetings and policy discussions. Modi is scheduled...
“American investors want to be part of the Indian growth story…” – CSIS
Richard M. Rossow, Senior Fellow at the Center for Strategic and International Studies, Washington DC, where he occupies the Wadhwani Chair in US-India Policy Studies, delivered a talk on ‘US-India Economic Ties: The Next Ten Years’ at the ICFAI University, Hyderabad. According to him, with further simplification of investment policies...
Carlyle Group Acquires Majority Stake in Indian Publisher
Carlyle Group LP, the Washington DC-based global alternative asset manager said that it had bought a majority stake in India's Newgen KnowledgeWorks, a provider of publishing and technical services, for $32.8 million. Carlyle acquired a 54.8 percent stake in the Chennai-based company through First Carlyle Ventures III, an investment fund...