NETHERLANDS> India based Infosys establishes new office in The Netherlands

Infosys logo For fulfilling the requirements of next generation services and technologies for forward thinking Dutch clients, Infosys, a global leader in consulting, technology opens an office in Amsterdam. This facility was inaugurated by Deputy Mayor of Amsterdam, Ms. Kajsa Ollongren and Indian Ambassador to the Netherlands, Mr. Venu Rajamony along with Mr. Mohit Joshi, President and Head of Banking and Financial More …

SWITZERLAND > France based Euronext plans to open office in Zurich along with other offices in Frankfurt, Munich, Milan and Madrid

euronext logo Euronext, a European Stock exchange, is set to open offices in Zurich, Frankfurt, Munich, Milan and Madrid with the aim to support technology companies develop their business on a greater scale through capital markets. The company sees considerable growth opportunities in this sector. According to CEO Stéphane Boujnah, Euronext is interested in helping startups as they barely generate any revenues More …

INDIA > Sweden based Medicover expands in the healthcare market in India

logo_medicover Medicover is set to acquire Medicover Fertility India and own 22% of Sahrudaya Healthcare Private limited “Maxcure” for approximately EUR 21 million($24.9 million). Fully funded by the principal shareholder but managed by Medicover, Medicover Fertility India was established in 2016. Medicover purchased this for $7.4 million which matches the original investment cost. Mediocover India had a revenue of EUR 0.3 More …

SWITZERLAND > US based Philip Morris invests more than 30 million francs ($31.4 million) in Neuchâtel, Switzerland

philip-morris-international-logo Philip Morris International is investing 30 million francs ($31.4 million)  for installing two new high- tech production lines and R&D site in Neuchâtel, Switzerland for producing HEETS tobacco sticks that is used for the IGOS (I Quit Ordinary Smoking). Already produced in a small quantity in Switzerland, the smokeless product heats the tobacco instead of burning the tobacco. Developed at More …

SWITZERLAND > USA based Merck invests 27 million francs ($28.1 million) on its new packaging center in Switzerland

Merck_Logo Merck has inaugurated a new medical packaging facility in Aubonne, Switzerland for biotechnological medicines. USA based biotechnological medicine company – Merck – has had a biotech manufacturing site in Aubonne since 1984. The new packaging facility took 18 months and will allow shipment to 150 countries where Merck operates. According to Stefano Induni from Merck, the new building is designed More …

INDIA > Softbank invests $225 million in India based OYO Rooms

OYO logo Operated by Oravel Stays Pvt. Ltd., OYO Rooms is a branded budget hotel marketplace which has raised $250 million led by existing investor Softbank which is expected to invest $225 million. Other investors include Lightspeed Venture Partners India Pvt. Ltd, Sequoia Capital India Advisor Pvt. Ltd and Greenoaks Capital Partners LLC are expected to invest $25 million. Valued at $850 More …

USA > Luxembourg based SAF Holland to invest US$ 4 million in southeast Arkansas

safholland photoshop SAF-HOLLAND, a Luxembourg based chassis related system company, is set to open a new facility in Southeastern Arkansas in the old Federal Mogul building in Dumas hiring 65 new employees. The company is known for making chassis related systems for trailers, trucks, buses, and recreational vehicles. The Dumas plant has been producing trailer suspensions since 1988 and is currently employs More …

MEXICO > India based Comstar Automotive Technologies invests $5 million in a production facility in Mexico

comstar Comstar Automotive Technologies (CATL), an India based starter motors and alternators manufacturer, is set to produce an integrated starter generator (ISG) for hybrid vehicles at an undisclosed location in Mexico (even though some say it is in Aguascalientes). The product that ensures the combination function of both the starter motor and the generator or the alternator is expected to save More …