INDIA > USA based Swych is set to acquire India based Gift Cards India

swych Founded in 2015 by Indian American Deepak Jain, Swych Inc. is a mobile gifting platform which is set to acquire India based Gift Cards India. Firoz Khan and Cory York are the founders of Gift Cards India which was founded in 2011 and has been operating successfully as a gift cards business serving millions of customers, enterprises, loyalty platforms and More …

INDIA > Japan based Kawasaki is to expand its existing Chakan Facility in India

Kawasaki Kawasaki is set to expand its manufacturing unit in Chakan, India to serve as a hub for both domestic and international markets. The Chakan facility will manufacture motorcycles for export to markets such as Africa and Latin America and will make price reduction for popular models such as  Z250 and Ninja ZX-10R due to localized production in India. According to More …

INDIA > UK based HH Global is set to expand to Mumbai, India by opening a new office

hh global UK based marketing firm – HH Global is set to open a new office in Mumbai, India. The new office will be a work space of 13,500 square feet and will be located in Lotus Corporate Park. Features of the particular office includes large kitchen which is considered a space of collaboration and innovation, creative spaces and expanded departments and More …

INDIA > IFC which is a member of the World Bank Group is set to invest INR 6.4 billion ($100 million) in Mahindra & Mahindra Financial Services Ltd (Mahindra Finance)

IFC logo   Investing $100 million in Mahindra Finance, IFC intends to enable Mahindra Finance to further augment its growth and in turn extend mainly farming loan to individuals to buy tractors, vehicles and other equipment along with financing small and medium enterprises. To be secured through nonconvertible debentures, this loan will assist Mahindra Finance which is already the country’s leading rural More …

INDIA > UK based IHG is set to open in Agra, India with the signing of Holiday Inn Agra MG Road

IHG logo For strengthening its presence in India, UK based IHG is set to open Holiday Inn Agra MG Road. IHG has signed a management agreement with Hotel Maria Agra for the Holiday Inn Agra MG Road. Expected to have 150 rooms, Holiday Inn Agra MG Road is to be operational in 2018. With this IHG completes the Delhi- Jaipur- Agra Golden More …

INDIA > Germany based Volkswagen group is set to invest 1 billion euros ($1.16 billion) in India by 2021 creating almost 5000 jobs

VW logo VW is set to invest 1 billion euros ($1.16 billion) from 2019 to 2021 which will be led by Skoda Auto. This is part of Skoda’s ‘India 2.0’ project which includes setting up engineering design and development center at Pune. The group’s two plants at Aurangabad and Pune will also be enhanced. Based on VW’s flexible MQB platform, the group More …

INDIA > USA based eBay is set to sell its Flipkart stake for $1.1 billion and is planning to relaunch in India

ebay logo A year after getting acquired by e-commerce giant Flipkart, eBay India is set to sells its stake in Flipkart for tentatively $1.1 billion. eBay is focusing rather to relaunch in India initially concentrating on cross border trade opportunity. The announcement came after Walmart’s announcement to buy 77% in Flipkart for $16 billion valuing Flipkart at approximately $20 billion. According to More …

INDIA > USA based Walmart is set to buy Indian’s leading online retailer Flipkart for $16 billion for a controlling stake of 77%

Walmart logo To access a market Walmart has been trying  for years, USA based Walmart  is set to invest $16 billion to acquire a controlling stake of 77% in Indian online retailer Flipkart. Walmart had been restricted by local regulations to operate wholesale outlets in India. According to Walmart CEO Doug McMillon: “India is one of the most attractive retail markets in More …