EXPANDING GLOBAL FOOTPRINT
Global Capability Centres drive office leasing in H1 2024, with a 37% share
India's office leasing market is dominated by Global Capability Centres (GCCs), with 37% of total leasing activity in January to June 2024. The country's robust workforce, competitive costs, and established ecosystem make it a key market for GCCs. With a projected 20% growth in GCC presence by 2025, the Indian office market is poised for significant expansion. 67% of GCCs plan to increase their office portfolios by over 10% in the next two years.
The T20 World Cup was a milestone for cricket's global ambitions
With the decision to increase the size of the tournament to 20 teams and to play part of the group stage in the USA, the International Cricket Council (ICC) saw this World Cup as a vehicle for expansion of the sport's popularity. More teams from emerging cricket nations were given a chance to perform on the global stage and Americans were offered the opportunity to engage with a sport far from their mainstream.
TCS expands partnership with Xerox for transformation programme
Tata Consultancy Services (TCS) has expanded its strategic partnership with Xerox to execute an end-to-end transformation program. Xerox also has an outsourcing deal with HCLTech, signed in 2019, and plans to reduce its workforce by 15 percent as part of a 'reinvention' strategy.
Winning design: Nokia mulls shifting big chunk of global design capacity to India
Nokia is strategically considering shifting its design capacity to India, particularly focusing on telecom network infrastructure equipment in Chennai and expanding manufacturing of optical line terminals in Sriperumbudur, emphasizing the importance of MIMO technology and leveraging partnerships with Foxconn for production.
PNB plans to expand its overseas footprint, to open representative office in Dubai
State-owned Punjab National Bank is set to establish a representative office in Dubai, expanding its global presence. With board approval secured, regulatory clearance is underway. The bank aims to enhance profitability by focusing on various portfolios and increasing non-interest income while maintaining credit cost below 1%.
Climate tech firm LogicLadder raises $2.5 million in funding from Big Capital, Rainmatter
Sustainability and climate management solutions provider LogicLadder will use the capital to expand in South Asia and North America. The company also expects allocate a maximum of this funding to new product augmentations and capacity expansion, cofounder and CEO Mayank Chauhan told us.
- Go To Page 1
Heat is a real damp squib for productivity
India's labor productivity is severely impacted by heatwaves, especially for outdoor workers in agriculture, construction, and mining. Increased irrigation and air pollution control exacerbate heat stress, lowering productivity by 2-4% for every degree rise above 27°C. The northern Indian plains are more affected than coastal areas. Heatwaves reduce physical labor supply by a quarter on very hot days, impacting income growth, price stability, and investment. Solutions like cooling and migration are necessary but have limitations and negative externalities. Adaptive strategies are crucial to mitigate these effects.
Hydrogen-powered private jets can cut emissions — If they can get off the ground
A 2021 report found that some private jets emit two tons of CO2 per hour — at least five times more pollution per passenger than commercial flights. That’s 50 times worse than trains.
Reach Europe 20 days earlier and for 30% cheaper: How Chabahar port helps India expand its trade footprints globally
India’s pact with Iran to develop the Chabahar port will give a boost to the multimodal transportation network called the International North-South Transport Corridor, enabling exports from South Asia to reach Europe and Russia.
IHCL expands partnership with CG Hospitality; eyes 25 hotels in Indian sub-continent by 2025
The portfolio of 25 properties by 2025, will include 11 operating hotels with 900 keys and will add another 14, which will be under one platform -- 'Ekyam' -- to pursue opportunities in destinations that offer adventure experiences across the Indian Ocean and Greater Himalayan regions and wildlife escapes, IHCL Managing Director and Chief Executive Officer Puneet Chhatwal told reporters.
Rockwell plans to expand in India with more factories, tech workers
Rockwell Automation considers expanding its technology workforce and establishing additional factories in India to bolster manufacturing. The industrial automation equipment maker, celebrating 40 years in India, aims to leverage the country as a technology hub for product development. Plans include hiring for technology centers and opening more factories, following its recent announcement of a plant in Tamil Nadu.
Rockingdeals Circular Economy set to expand its footprint in Northeast India with new warehouse in Guwahati
Spread over 10,000 sq. ft., the warehouse reflects the company's commitment to cater to the burgeoning demand for affordable and genuine products in the region. With this addition, the company's overall warehouse capacity now stands at 60,000 sq. ft., significantly bolstering its operational capabilities and ensuring efficient service to customers across the country. Currently, RDCEL operates three warehouses in Faridabad.
Hyundai to rev up India capacity to tap rising demand
To expand production, Hyundai Motor India will open its Pune plant - acquired from General Motors - in the second half of next calendar year. The company is upgrading the facility for producing more than 200,000 vehicles annually. Adding the Chennai plant's capacity of 824,000 vehicles, Hyundai Motor India's annual capacity will reach more than one million vehicles a year, the company said.
Royal Philips to expand its Healthcare Innovation Centre in Pune
Royal Philips expands its Pune Healthcare Innovation Centre, integrating R&D teams for various businesses. The new facility promotes sustainability and innovation, aiming to enhance patient and staff experiences while reducing the cost of care.
India one of the top if not our biggest opportunity for growth globally: Heineken CEO
Heineken's CEO optimistic about India's beer market, focusing on premium brands and local growth. The company invests in talent and capacity, aiming for category leadership and social relevance in the evolving market landscape. Brink says: "We are investing a lot in creating the premium capacity so that we can make the Heineken brand more available."
Wipro GE Healthcare to invest Rs 8,000 crore on manufacturing, R&D in next 5 years
Wipro GE Healthcare has announced a strategic investment of over $1 billion in local manufacturing and R&D over the next 5 years. The investment aims to bolster the company's manufacturing footprint and address the growing domestic and international market, exporting products to 15 countries. The move aligns with India's position as a global MedTech innovation and manufacturing hub.
CorporatEdge plans to expand its total footprint by 10x to 1.7 million square feet across major cities
CorporatEdge, a premium serviced workspace solutions company, plans a 10x expansion across major cities. The new 'Marquee' facility in Bengaluru offers eco-friendly practices, premium features, and 350 workstations. The company aims to meet the evolving needs of modern professionals. The new Marquee category boasts eco-friendly practices, reflecting a conscientious effort to align with global environmental concerns.
Medtronic opens its expanded innovation centre in Hyderabad
Medtronic has expanded its Medtronic Engineering and Innovation Center (MEIC) in Hyderabad, India. The state-of-the-art R&D center, part of Medtronic's $350 million investment plan over five years, aims to expand its global R&D footprint and foster local innovation. The center focuses on collaborative innovation, training, and immersive experiences, housing labs like Digital Therapy & Innovation, Connected Care, and Platform & Tech
Lighthouse invests Rs 284 crore in jewellery brand Kushal’s
Kushal's will use the funds to strengthen its brand and increase its retail footprint. The jewellery brand aims to open more than 300 stores in the next three to four years. The funds will also be used to build technology.
Blue Tokai revenue surges 70% in FY23; loss up 3.5 times as firm expands footprint
Specialty coffee brand Blue Tokai saw its total expenses balloon to Rs 166 crore in FY23 from Rs 90 crore in the previous fiscal primarily on account of an increase in costs pertaining to raw materials, employee salaries, and rents.
Rolls-Royce inks seven-year deal with Azad Engineering for military aircraft engine components
Rolls-Royce has entered a game-changing seven-year partnership with Azad Engineering, based in Hyderabad, to manufacture critical components for its defense aircraft engines. This strategic collaboration propels Azad Engineering into the global supply chain for Rolls-Royce’s advanced aero engines, marking a significant leap for India in defense manufacturing. Key figures express optimism, emphasizing the commitment to building a robust presence in India and contributing to the vision of an ‘Atmanirbhar Bharat’.
Bharat Forge to invest Rs 1,000 cr in Tamil Nadu to enhance production activities
The company has entered into a memorandum of understanding (MoU) with Guidance, the nodal agency of the state government as part of the Tamil Nadu Global Investors Meet 2024, it said in a regulatory filing.
TBO Tek buys Jumbo's online business to expand global footprint
Gaurav Bhatnagar, co-founder and joint managing director of Tek Travels DMCC, told ET that this acquisition will give the company access to not just Jumbo's clientele but content from across 'prime' destinations in Europe right down to the Caribbean.
Exicom expands global footprint: Unveils EV chargers in the UK, Europe
Exicom, a power management solutions provider based in Mumbai, has officially entered the UK and Europe markets. The company revealed plans to enhance its distribution network and offer electric vehicle (EV) chargers directly to consumers. At the London EV Show, Exicom introduced a series of scalable and user-friendly DC fast chargers, emphasizing its commitment to simplifying EV charging.
Toyota to expand footprint in India
The expansion will mark the world’s largest automaker’s 25th year of operations in India and boost its total investment in the country to Rs19,300 crore, senior executives at Toyota Kirloskar Motor (TKM) said at an event at its facility at Bidadi, near Bengaluru.
India offers opportunities to expand footprint: Goyal to Micron, YouTube CEOs
The minister also held a roundtable discussion with prominent academicians at Stanford University where he highlighted the vast opportunities for collaboration with India’s higher education institutions to foster a vibrant exchange of knowledge, research and pathbreaking solutions to key global issues.
Infosys expands footprint in Europe, to hire 500 locals
Infosys is seeing increasing growth in Europe with the second quarter ending September witnessing about 5% revenue growth in constant currency year-on-year as against a muted growth in the US.
Ziyyara to expand its global educational footprint, announces expansion plans
Ziyyara says it is now poised to expand its global presence, both geographically and in terms of product diversification.
NextWealth increases its footprint via expanded global partnership with Jumio
NextWealth believes that the expanded partnership will enable it to consolidate its position as a pure play data services provider.
Load More
