Exxon to set up $500m centre in Bengaluru
Bengaluru: Exxon Mobil plans to make a massive US$ 400-500 million investment in Bengaluru to establish a technical and business support services centre.
Fastfood chain Subway targeting 2,000 franchise stores in India by 2020
New Delhi: Subway, which runs over 500 franchise stores in India, plans to increase the number of local outlets to 2,000 over the next five years.
JLL’s realty fund invests in Chennai residential project
Bengaluru: JLL India’s investment arm Segregated Funds Group has invested Rs 25 crore (US$ 3.92 million) in a residential project in Chennai, which is being developed by Vishwakarma Real Estates & Constructions (I) Pvt Ltd.
Oppo to set up handset manufacturing unit in India by August
New Delhi: OPPO plans to set up a handset manufacturing unit in India by August 2015 where it will make smartphones for India and overseas markets.
SBI ties up with Snapdeal, PayPal to boost business with new generation sellers
Kolkata: State Bank of India (SBI) plans to boost micro small and medium enterprises (MSME) businesses by financing new generation sellers using Snapdeal e-commerce portal and facilitating cross-border payments of small units through PayPal’s payment gateway.
Strides Arcolab to acquire Aspen’s Australia assets
Bengaluru: Strides Arcolab has announced two of its subsidiaries —Strides Pharma Global Pte Ltd (Singapore), and Strides (Australia) Pharma Pty Ltd — had signed definitive agreements with certain wholly-owned subsidiaries of Aspen Pharmacare Holdings Ltd to acquire their generic pharmaceutical business in Australia, along with certain branded pharmaceutical assets.
Strides Arcolab to buy Aspen’s Australia assets
Bengaluru: Strides Arcolab has announced two of its subsidiaries —Strides Pharma Global Pte Ltd (Singapore), and Strides (Australia) Pharma Pty Ltd — had signed definitive agreements with certain wholly-owned subsidiaries of Aspen Pharmacare Holdings Ltd to acquire their generic pharmaceutical business in Australia, along with certain branded pharmaceutical assets.
Localisation is the key to success in India: Renault-Nissan chief Carlos Ghosn
Localisation is the key to success in India, says Carlos Ghosn, group CEO of Renault-Nissan Alliance. In an interview with ET, Ghosn, who was in Chennai for the unveiling of the 800cc global small car Renault Kwid, said he admires frugal engineering in India. Edited excerpts:
