Amid lockdown, Goldman Sachs to on-board 1,460 campus hires

    2020-12-11T03:06:34+00:00May 18th, 2020|India Inc Views - India Global Business, News in Brief|

    Goldman Sachs will honour its commitment made prior to the lockdown to all full-time hires and interns in India. Amid the COVID-19 pandemic, while many companies are forced to conduct layoffs and implement furloughs, Goldman Sachs Group Inc will be on-boarding 1,460 Indian graduates and students this summer. The global investment banking firm said it will honour its commitment made prior to the nationwide lockdown to all full-time hires and interns in India. Gunjan Samtani, Head, Goldman Sachs Service in [...]

      Indian companies scour the world

      2020-03-12T14:44:48+00:00December 20th, 2017|2017/2018, December 2017, India-US, Year|

      From Bangladesh and Africa to Israel and China, the footprint of India spread far and wide in recent months. Gloster plans foray into Bangladesh Diversified jute manufacturer and exporter Gloster Limited is planning to set up a unit in Bangladesh. The new unit will be a greenfield site and cater to the export market. Hemant Bangur, executive chairman, Gloster Ltd, said: “We are planning to set up a unit in Bangladesh for which we are talking to one of the [...]

        Job creation at core of Indian impact in US

        2020-03-16T11:24:11+00:00December 20th, 2017|2016, 2017/2018, December 2017, India-US, India-US, Year, Yearend 2016|

        Indian companies created over 100,000 jobs in the US in recent months, which will define the relationship into the New Year. Biocon widens BristolMyers Squibb tie-up Biocon's contract research arm, Syngene International, has expanded its ongoing drug discovery and development with US-based Bristol-Myers Squibb till 2026. Syngene International said in a Bombay Stock Exchange (BSE) filing: "The next phase of the partnership will see the addition of a new facility to support future Bristol-Myers Squibb research and development operations, an [...]

          India-UK Future Tech Month promotes innovation ties

          2018-08-20T12:47:12+00:00November 29th, 2017|2018/2017, Flagship Scheme, India Investment Journal November Edition, Year|

          The month of November has been earmarked for a focus on cooperation between India and Britain in the field of digital innovation. The UK government’s Department for International Trade (DIT) has been running a month-long series of technology-focused business activities in the UK and India under the banner of India-UK Future Tech Month. The series of events are aimed at showcasing the very best UK technology and innovation to a high-quality Indian audience, including buyers, investors, and central and state-level government officials, DIT said. Sir Dominic Asquith, British High Commissioner to India, said: “November marks one [...]

            Short Takes

            2018-05-18T13:02:56+00:00September 20th, 2017|2018/2017, India Investment Journal September Edition, State Focus: Karnataka, Year|

            IKEA to set up in Bengaluru

            Swedish furniture giant IKEA has finalised Bengaluru as the base for its third Indian store after Hyderabad and Mumbai.

            The company has announced plans for 25 stores in India by 2025, with the first set to open in Hyderabad early next year.

            In Bengaluru, the firm has acquired a 14-acre land parcel from the Bangalore Metro Rail Corporation at Nagasandra on Tumkur road. The IKEA store in Bengaluru is expected to have more than 5 million visitors per year and will be connected to the Nagasandra metro station to offer easy access for the customers.

            Karnataka Chief Minister Siddaramaiah said in a statement: “IKEA will bring best business practices, many employment opportunities, infrastructure development and contribute to the growth of the retail sector in the State. IKEA will work as a catalyst in our development plans.”

            IKEA India CEO Juvencio Maeztu added: “Karnataka is a highly strategic and important market for IKEA. Along with retail stores, IKEA’s purchasing team will also grow local sourcing and engage with local artisan and communities in many projects.”