India’s Genei Labs Acquires Merck’s GeNei

Bangalore, India-based Genei Laboratories led by Dr. S. Chandrashekaran acquired the manufacturing facilities of GeNei from Merck Life Sciences Private Limited in an asset purchase deal.
GeNei manufactures high-quality lab reagents in India since its founding in 1989. Its products range from molecular biology, genomics and proteomics reagents, to kits for use in teaching as well as contract research services, reports BioSpectrum.
Genei Labs
” While we bring to you the vast range of products and equipment associated with GeNei, we will also be working with new partners to introduce novel products and technologies. We aim to bring in innovative platform technologies for the development and manufacture of new reagents, peptides, biopharmaceuticals and diagnostic reagents. Our vision is to build a global Indian life sciences company offering cutting- edge products and technologies, ” said Dr. Chandrashekaran.

September 20, 2016   No Comments

Zuckerberg Invests in India’s EdTech Firm Byju’s

The Chan-Zuckerberg Initiative — founded by  Facebook CEO Mark Zuckerberg and his wife Priscilla Chan —  invested $50 million in BYJU‘s, an edtech firm based in Bangalore, India that has created a learning app for school students as well as for those aspiring to undertake competitive exams such GRE and GMAT among others.

The math and science learning app, which has 250,000 subscribers, helps students in grades 4-12 learn subjects like physics, chemistry and biology on their own. It uses original content and teaches it through a mix of video lessons, interactive activities and quizzes, reports CNN Money.

Byju's Learning App

Since its launch last year, the learning app has already seen phenomenal engagement, with over 3.5 million students on its platform.

“I’m optimistic about personalized learning and the difference it can make for students everywhere,” wrote Zuckerberg. “[It’s] why we’re looking forward to working with companies like BYJU’s to get these tools into the hands of more students and teachers around the world.”

September 17, 2016   No Comments

LinkedIn Launches 3 Products for India

On Monday, September 12, LinkedIn unveiled three products — a stripped down mobile site called LinkedIn Lite; a product aimed at the college placements market called LinkedIn Placements, and a LinkedIn Starter Pack aimed at startups and small businesses.

Jeff Weiner, chief executive of the social network for professionals said, “All the three products were entirely developed by the company’s 250-person-strong R&D outfit in Bangalore. The fact that LinkedIn has chosen to build customized products for the country underlines India’s importance.
LinkedIn Logo
India is LinkedIn’s second-largest user base with 37 million members, only behind the U.S., which has over 130 million users.

“There’s a lot of learning from what we are going to do here that we think can be extended elsewhere beyond India,” Weiner told Economic Times in an exclusive interview.

September 13, 2016   No Comments

Bosch Expands Tech R&D Facility in India

Having completed phase I of upgrading its first facility in Bangalore, India, German multinational engineering and electronics company Bosch, has embarked on the second phase, with an investment of $200 million for this year. The company said India continues to be a key hub for the group’s global development network.

Bosch India

Dr. Steffen Berns, president of Bosch Group India and managing director of Bosch Limited said, “We are also rapidly increasing our local engineering and development; this year we will recruit over 3,000 engineers in India. Engineers at the facility work on key topics such as driver assistance and passive safety, active safety, anti-lock braking system and electronic stability program, and hardware development. Other areas of focus include big data and software solutions for the Internet of Things.”

Today, India is home to the Bosch Group’s largest development center outside of Germany, reports Economic Times.

 

September 6, 2016   No Comments

Huawei Inaugurates Global Service Center in India

Chinese telecom gear maker, Huawei, inaugurated its largest global service center in Bangalore, India. The new center will support digital transformation and help meet market demand for synergies between services and technology, as well as improve operations capabilities.

Located within Huawei’s Research and Development campus in Bangalore, the center currently employs over 1,000 engineers, network operations specialists and support staff, and handles more than 50 projects, supporting over 30 countries in Asia, the Middle East and Africa, serving over 350 million subscribers, reports Indian Express.

Inauguration of Huawei's GSC in India

Inauguration of Huawei’s GSC in India

On the occasion, Jay Chen, CEO of Huawei India said, “The inauguration of this, our largest global service center, further reaffirms our commitment to India.”

William Zhao, CEO of  the Huawei India R&D Center said, “We at Huawei believe in the potential of the talent present here in Bangalore and the positive momentum created by the Government in India.”

September 5, 2016   No Comments