Peugeot Buys India’s Iconic “Ambassador” Car Brand

French automobile conglomerate PSA Peugeot Citroen (also known as the PSA Group), finalized a $12 million  deal to acquire Hindustan Motors from parent company the C.K. Birla Group. Once known as the ‘King of Indian Roads’, the Ambassador car brand is the most iconic car of India. Modeled after the British car Morris Oxford III, […]

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February 16, 2017   No Comments

Thales and India’s Bharat Dynamics to Make STARStreak Missiles

French Aerospace company Thales has signed an MOU with state-owned Bharat Dynamics Ltd.,to assess the opportunity for the transfer of technology of the STARStreak missile capability to India with the support of the U.K. Government. This missile operates at a speed in excess of Mach 3 to defeat fast-moving threats and those with short unmasking […]

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February 16, 2017   No Comments

India Launches 100 Satellites on Single Rocket

India‘s Space and Research Organization disclosed that it had successfully launched more than a hundred nano satellites that weighed less than 22 pounds each, in a single mission. “All 104 satellites were successfully placed in orbit,” the space agency’s chairman, A.S. Kiran Kumar, said. These included an Indian Earth observation satellite and two small technology-demonstration […]

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February 16, 2017   No Comments

Blackstone Puts Big Money in Indian Real Estate

New York City-based Blackstone Group is in advanced talks to acquire over 360,000 sq ft spread over six floors in the First International Financial Center (FIFC) Tower at Bandra-Kurla Complex, a business district in Mumbai, for over $125 million. With rising income levels of India’s consumers, Blackstone has started focusing on retail spaces in India. […]

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February 13, 2017   No Comments

Pizza Hut to Double Store Count in India

With its business growing rapidly in India, Unnat Varma, managing director, Pizza Hut, India said it was time to consolidate. “In the long-term, India is one of our most important markets. In the medium term, we plan to double the number of stores. We currently have 360 restaurants across 100 cities. We will double that […]

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February 13, 2017   No Comments