Mobile Commerce in India may go Hyperlocal

There is an impressive rise in everyday commerce conducted via mobile devices in India. A market report released last year by  Zinnov projected  that India’s market for mobile commerce will grow to $19 billion by 2019. India is alredy one of the top five regions for the Google Play store, as more of its 1.2+ [...]

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January 31, 2016   No Comments

Emcure Pharmaceuticals, India, Acquires Ottawa company

Emcure Pharmaceuticals, a drug maker based in Pune in the western state of Maharashtra, has acquired Canada‘s International Pharmaceutical Generics Ltd. and its marketing arm Marcan Pharmaceuticals. Marcan Pharma has over 60 approved products mainly available from McKesson and Kohl & Frisch, among other wholesalers, reports Economic Times. Emcure recently estimated its annual global sales [...]

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January 31, 2016   No Comments

Mindtree, India to Acquire Magnet 360 of Minneapolis

According to a press statement, IT services firm Mindtree Ltd., based in Bangalore, India, will acquire Minneapolis-based Magnet 360, a Salesforce.com platinum consulting partner, for $50 million in cash, in a move to address the cloud-based services market. The deal features an upfront payment of $37 million and an additional payout of up to $13 [...]

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January 31, 2016   No Comments

Goldman Sachs to Invest in Indian Appliance OEM

Global investment firm Goldman Sachs Group Inc., will invest b$64 million  in Amber Enterprises Pvt. Ltd, one of India’s largest original equipment manufacturers of consumer durables, reports Live Mint. Goldman plans to buy a 34% stake from existing investor Fairwinds PE, and 14-15% from promoters. The equity valuation of Amber stands at about $128 million. [...]

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January 31, 2016   No Comments

SoftBank’s Masayoshi Son Bullish on India

Economic Times reports on an interview with Softbank Group’s chairman and CEO Masayoshi Son, and president and COO Nikesh Arora. Excerpts of the interview follow: On minimal or no government help for startups in India: Son – Best thing for a government to do is to eliminate obstacles like filing registrations, getting licenses and so [...]

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January 31, 2016   No Comments