Startup & Expansion

Gyan

Shriram Group Forays into General Insurance

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Shriram General Insurance Company is commencing operations with an initial paid up capital of Rs.105 Crores.

UTI Mutual Fund Opens a New Financial Centre at Bhagalpur

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UTI  Mutual Fund (UTI MF) announces the opening of a new UTI Financial Centre (UFC) at Bhagalpur. The new UFC will be located at Kavita Apartment, 1st floor, Opposite Head Post Office, Mahatma Gandhi Road, Bhagalpur  (telephone no.0641-2300040).

Magma Expanding China Operations, Launching University Program

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Magma® Design Automation announced that Chief Executive Officer Rajeev Madhavan will preside over openings of the company's new offices in Beijing and Shanghai, the latest developments in Magma's efforts to build world-class operations in China.

Actis Invests in JV with Vaishnavi Infrastructures Pvt. Ltd.

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Actis India Real Estate Fund has invested in a project of Bangalore based Real Estate Developer Vaishnavi Infrastructures. Actis, a leading private equity investor in emerging markets has taken a minority stake in VIPL's Yeshwantpur Project, in Bangalore North Corridor.

ArcelorMittal Announces Acquisition of Bayou Steel

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ArcelorMittal announced that it has signed an agreement to acquire Bayou Steel, a producer of structural steel products with facilities in LaPlace, Louisiana, and Harriman, Tennessee, for US$475 million. The transaction is subject to regulatory approval.

EskoArtwork Establishes Fully-Owned Indian Subsidiary in Bangalore

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EskoArtwork announced the establishment of a wholly owned subsidiary in India to be based out of Bangalore.

Marlabs Launches KPO Services in Health Insurance Sector

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Marlabs India announced the launch of a new exclusively focused division, providing KPO services to the health insurance sector. The new unit, which currently operates from the company's Bangalore and Mysore offices, will soon expand to other cities as well.

BIOVET Launches ASIA’s First and World’s Second BSL-4 Manufacturing Facility

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BIOVET an integrated biotechnology company with the core focus on animal health, cutting edge technologies in research, product development, manufacturing and testing of animal health care products announced the commissioning of Asia's first bio safety level 4 (BSL-4) manufacturing facility.

Hitachi Data Systems Announces the Industry’s Greenest Enterprise-Class Data Center

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Hitachi Data Systems announced the world's most eco-friendly and power-efficient data center-designed to achieve a 1.6 PUE (Power Usage Effectiveness) rating by The Green Grid-the lowest power usage index of any data center in its class. Together, Hitachi Data Systems and Hitachi, Ltd.

Satyam to Set up New Technology and Learning Centre in Geelong

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Satyam shall establish new technology and learning centre aimed at nurturing local ICT talent. This new 25-acre facility will house  2,000 associates in Geelong. It shall complement Satyam's growing global presence across 28 global development centres.