Tag Archives: INDIA

Accenture Acquires Excelmax Technologies to Enhance Silicon Design and Engineering Expertise

(IN BRIEF) Accenture has acquired Bangalore-based semiconductor design services provider Excelmax Technologies, enhancing its expertise in silicon design and engineering. Excelmax, founded in 2019, offers custom silicon solutions for consumer devices, data centers, AI, and edge computing, serving automotive, telecommunications, … Read the full press release

Hindalco Awards Metso Contract for India’s First Electronic Waste Recycling Facility

(IN BRIEF) Hindalco Industries Limited, a key player in aluminum and copper production, has awarded Metso a significant contract to build India’s first electronic waste recycling facility near their Birla copper unit in Gujarat. This greenfield project aims to annually … Read the full press release

Leighton Asia Awarded Contract to Equip Data Center in Hyderabad, India

(IN BRIEF) Leighton Asia, in collaboration with Sterling and Wilson, has secured a contract to equip a data center in Hyderabad, India. This project expands Leighton Asia’s presence in the data center sector across Asia and highlights its capabilities in … Read the full press release

Alstom to Revolutionize Bengaluru Metro with Advanced CBTC Signalling System

(IN BRIEF) Alstom, a global leader in smart mobility solutions, has secured a significant contract with Bengaluru Metro Rail Corporation (BMRCL) for Phase 2 expansion. Valued at 96.2 million euros, the contract includes implementing a fully automated CBTC signalling system … Read the full press release

TotalEnergies Strengthens Commitment to Decarbonization Through New LNG Contracts in India and Korea

(IN BRIEF) TotalEnergies has announced two pivotal LNG contracts in Asia, signifying a strategic expansion in its LNG business. The agreements include a sales and purchase agreement (SPA) with Indian Oil Corporation (IOCL) for the delivery of up to 800,000 … Read the full press release

LBBW Mumbai Office Marks 25 Years of Facilitating German-Indian Business Ties

(IN BRIEF) LBBW celebrates the 25th anniversary of its Mumbai representative office, which has been instrumental in supporting German companies entering the Indian market and facilitating local business activities. Mumbai’s strategic location and vibrant business environment have contributed to the … Read the full press release

ZF Wind Power Expands Capacities in India and Partners with ABS Wind for Enhanced Service in the US

(IN BRIEF) ZF Wind Power is boosting its capacity in Coimbatore, India, from 9 to 12 GW to meet the surging global demand in the wind market, supporting the transition of over 10 million households to green energy annually. Additionally, … Read the full press release

Finnvera Backs Nokia’s $1.5 Billion 5G Deal with India’s Reliance Jio

(IN BRIEF) Finnvera, Finland’s export credit agency, has granted Nokia’s 5G deliveries a buyer credit guarantee worth USD 1.5 billion, marking one of its largest financing arrangements in history. The deal supports Nokia’s pivotal role in India’s 5G revolution, where … Read the full press release

Ericsson and IIT Kanpur Forge Strategic Alliance to Advance Financial Innovation in India

(IN BRIEF) Ericsson India and the Foundation for Innovation & Research in Science & Technology (F.I.R.S.T) at Indian Institute of Technology (IIT) Kanpur have announced a two-year strategic partnership aimed at driving innovation in Mobile Financial Services (MFS) and Fintech … Read the full press release

Maersk Enhances ME2 Ocean Service, Expanding Reach to North Europe Ports

(IN BRIEF) A.P. Moller – Maersk (Maersk) has announced a significant upgrade to its ME2 ocean service, now including port calls to key destinations in North Europe such as Rotterdam, Felixstowe, and Bremerhaven. This strategic extension aims to benefit North … Read the full press release

ANDRITZ and Trinity Touch Forge Strategic Alliance to Fortify Solar Power Sector

(IN BRIEF) ANDRITZ, an international technology group, and Trinity Touch Pvt. Ltd., a leading provider of electrical monitoring solutions for solar power plants, have joined forces in a strategic partnership aimed at enhancing efficiency and security in the solar energy … Read the full press release

Munich Re Revamps Leadership Structure to Strengthen Regional Underwriting in Asia Pacific & Africa

(IN BRIEF) Munich Re announces strategic changes to its leadership structure in Asia Pacific, Middle East & Africa (APAC MEA), aimed at bolstering its in-market Underwriting capabilities and refining its regional divisions. The revised setup will prioritize stronger local Underwriting … Read the full press release

BII and FMO Join Forces to Propel BECIS’ Clean Energy Expansion in South and South-East Asia

(IN BRIEF) British International Investment (BII) and FMO have collaborated to provide a joint loan commitment of US$50 million to BECIS, a leading Energy as a Service (EaaS) provider in South-East Asia. This financing will support BECIS’ ambitious plans to … Read the full press release

Fostering Growth: Deutsche Bank’s Initiative Revolutionizes Women’s Role in Asian Agriculture

(IN BRIEF) Deutsche Bank’s Corporate Responsibility program in Asia is empowering women in agriculture across the Philippines, Sri Lanka, and India. Through partnerships and funding, women are gaining access to education, innovative farming equipment, and sustainable practices, enhancing their livelihoods … Read the full press release

Inauguration of Agra Metro Marks Milestone in Sustainable Urban Transport: A Visionary Step Toward Preserving Cultural Heritage

(IN BRIEF) Indian Prime Minister Narendra Modi, virtually inaugurated the first 6 km section of the Agra metro, alongside Chief Minister of Uttar Pradesh Yogi Adityanath and other dignitaries. Funded by a €450 million loan from the European Investment Bank … Read the full press release

DNV Facilitates Macquarie Capital’s Investment in ChargeZone: Accelerating India’s EV Charging Infrastructure Expansion

(IN BRIEF) DNV played a crucial role in facilitating Macquarie Capital’s decision to invest in ChargeZone, a leading Indian provider of EV charging infrastructure. Conducting technical due diligence (TDD) for the investment, DNV leveraged its expertise in the EV industry … Read the full press release

Global Warming Amplifies Risks: UEA-Led Study Warns of Heightened Climate Threats to Developing Countries

(IN BRIEF) A research program led by the University of East Anglia (UEA) has quantified how climate change risks increase at a national scale with rising global temperatures. Focusing on six countries including Brazil, China, Egypt, Ethiopia, Ghana, and India, … Read the full press release

EQT Private Capital Asia Completes Block Trade, Exits Stake in India’s CMS Info Systems

(IN BRIEF) EQT Private Capital Asia has finalized the sale of its remaining 26.7 percent stake in CMS Info Systems Limited, India’s foremost cash management company, through a USD 187 million block trade. During EQT’s ownership, CMS strengthened its market … Read the full press release

Climate Change Report: Urgent Adaptation Measures Needed to Stem Rising Economic Losses, Swiss Re Institute Finds

(IN BRIEF) Swiss Re Institute’s latest analysis reveals that climate change is poised to escalate economic losses globally due to severe weather events. The report highlights the vulnerability of countries like the Philippines and the United States, which face significant … Read the full press release

SCC Expands Managed Services with Acquisition of Resonate, Bolstering Microsoft Teams Expertise

(IN BRIEF) SCC, a European technology solutions and services firm, has announced the acquisition of Resonate, a leading provider of cloud voice and collaboration services based on Microsoft Teams. This strategic move marks SCC’s third acquisition in the past year … Read the full press release

Airtel and Ericsson Showcase Breakthrough 5G mmWave Functionality in India

(IN BRIEF) Bharti Airtel and Ericsson have successfully demonstrated the functionality of mmWave 5G on Airtel’s network in India, achieving peak speeds of 4.7Gbps during testing. This milestone showcases the potential of mmWave technology for delivering high network capacity, particularly … Read the full press release

Alstom Delivers First Indigenously Manufactured Metro Train for Meerut Metro Project

(IN BRIEF) Alstom, a global leader in sustainable mobility, has successfully delivered the first indigenously manufactured trainset for the Meerut Metro project, marking a significant milestone in India’s modernization of intra and intercity rail travel. The train, manufactured at Alstom’s … Read the full press release

Volkswagen and Mahindra Strike Major Deal for Electric Mobility Advancement

(IN BRIEF) In a significant move towards advancing their joint vision for e-mobility, Volkswagen Group and Mahindra & Mahindra Ltd. (M&M) have signed a landmark supply agreement for components of Volkswagen’s MEB platform to be integrated into Mahindra’s purpose-built electric … Read the full press release

Ericsson and IIT Kharagpur Form Strategic Partnership for Advancing 6G Research in India

(IN BRIEF) Ericsson and the Indian Institute of Technology Kharagpur (IIT Kharagpur) have entered a long-term collaboration focusing on joint research in the fields of AI, Compute, and Radio, with a particular emphasis on 6G technology development. Through this partnership, … Read the full press release

Ather Energy Expands Partnership with Siemens for Faster Electric Scooter Development

(IN BRIEF) Ather Energy, a leading Indian electric scooter manufacturer, has increased its utilization of Siemens’ Xcelerator portfolio of industry software to streamline its design and engineering processes, enhance product quality, and expedite time-to-market for its electric two-wheelers. Siemens Digital … Read the full press release

World’s First Sustainable Castor Program Continues to Thrive with Over 7,000 Certified Farmers and Enhanced Yields

(IN BRIEF) In a remarkable achievement, the sustainable castor program initiated by Arkema, BASF, Jayant Agro-Organics, and Solidaridad in May 2016 has now certified over 7,000 farmers, resulting in substantial individual yield increases. More than 7,000 hectares of semi-arid land … Read the full press release

BASF and Partners Report Success and Expansion of Sustainable Castor Farming Project in India

(IN BRIEF) In collaboration with Arkema, Jayant Agro-Organics, and implementation partner Solidaridad, BASF’s sustainable castor farming project, known as Pragati, has achieved significant milestones in its seven-year journey. Over 7,000 farmers have been trained and certified, cultivating more than 74,500 … Read the full press release

Sustainable Castor Initiative ‘Pragati’ Marks Seven Years of Success in India

(IN BRIEF) Pragati, the pioneering sustainable castor project implemented by Solidaridad in India, has celebrated its seventh year of achievements. With over 7,000 castor farmers certified across 100 villages, the project has entered its third phase with a renewed focus … Read the full press release

Thales Partners with IIT Madras for Fourth Edition of Carbon Zero Challenge

(IN BRIEF) Thales, a global technology company, has continued its support for the Carbon Zero Challenge (CZC) organized by the Indian Institute of Technology (IIT) Madras as part of its corporate social responsibility (CSR) efforts in India. The CZC 4.0 … Read the full press release

Maersk Breaks Ground for State-of-the-Art Cold Store Facility in India for HyFun Foods

(IN BRIEF) A.P. Moller – Maersk (Maersk) has initiated the construction of a cutting-edge Cold Store facility in Mehsana, Gujarat, India, exclusively designed for HyFun Foods, a company specializing in frozen processed food items. This facility will provide temperature-controlled storage … Read the full press release

Denmark and Maersk Join Forces with India in Green Fuels Alliance to Accelerate Sustainable Energy Solutions

(IN BRIEF) Denmark has launched the Green Fuels Alliance India (GFAI) initiative in collaboration with A.P. Moller – Maersk and other organizations, aiming to boost sustainable energy solutions and advance their global goal of carbon neutrality. GFAI will foster innovation, … Read the full press release

Maersk Partners with Tamil Nadu Government to Boost Trade and Logistics Infrastructure

(IN BRIEF) A.P. Moller – Maersk (Maersk) has signed a Memorandum of Understanding (MoU) with the Government of Tamil Nadu during the Tamil Nadu Global Investors Meet 2024 to explore strategic investment opportunities in land development for logistics hubs, warehousing … Read the full press release

Saint-Gobain Strengthens Construction Chemicals Portfolio with Acquisition of Menkol Industries in India

(IN BRIEF) Saint-Gobain has announced its acquisition of Menkol Industries Private Limited, a prominent Indian manufacturer specializing in high-value waterproofing systems. This strategic move enhances Saint-Gobain’s position in the Construction Chemicals sector, focusing on specialty building materials within the dynamic … Read the full press release

Indian Aerospace Advances: PTC Industries Joins Forces with Safran Aircraft Engines

(IN BRIEF) Indian company PTC Industries has partnered with French aerospace giant Safran Aircraft Engines to produce titanium casting parts for the LEAP engines, underpinning India’s “Make in India” initiative. PTC Industries will leverage its expertise in advanced casting processes … Read the full press release

£1.5 Million Pledge Boosts Research Collaboration Between University of Liverpool and NIMHANS in India

(IN BRIEF) In a significant development, the University of Liverpool and the National Institute of Mental Health and Neurosciences (NIMHANS) in Bengaluru, India, have solidified their extensive research partnership with the help of a generous £1.5 million pledge from the … Read the full press release

EY Report Calls for Urgent Digital Overhaul in Universities to Enhance Student Experience

(IN BRIEF) A new report by EY highlights the pressing need for universities to revamp their digital education practices and improve the overall student experience. The report, based on data from over 3,000 undergraduate and postgraduate students across eleven countries … Read the full press release

Zurich Insurance Forms Strategic Alliance with Kotak Mahindra Bank in Indian Insurance Market

(IN BRIEF) Zurich Insurance Group has announced a significant strategic alliance with Kotak Mahindra Bank in India, with plans to acquire a 51% stake in Kotak Mahindra General Insurance Company for $488 million. This investment marks one of the largest … Read the full press release

Škoda Auto Expands Production and Export Capabilities with New Parts Expedition Centre in India

(IN BRIEF) Škoda Auto has inaugurated a new Parts Expedition Centre in Pune, India, with a 16,000-square-meter facility dedicated to packaging completely-knocked-down (CKD) kits of the Kushaq and Slavia models produced in India. These kits will be exported to Vietnam … Read the full press release

Natixis CIB Appoints Abbas Rangwala as Head of M&A for Southeast Asia & India

(IN BRIEF) Natixis Corporate & Investment Banking (Natixis CIB) has appointed Abbas Rangwala as the Head of M&A for Southeast Asia & India, a newly created role based in Singapore. With over 20 years of experience in corporate finance, strategy, … Read the full press release

Airbus Delivers Inaugural ‘Make in India’ C295 Aircraft to Indian Air Force

(IN BRIEF) Airbus Defence and Space has officially delivered the first of 56 C295 aircraft to the Indian Air Force (IAF), signaling the start of a process to replace the IAF’s aging Avros-748 fleet. The C295, configured for transport and … Read the full press release