US Firms

AEL says Adani Solar secured its largest single-yr order from a key American utility firm

Global pharma company Alkomex GBN looks to expand its research and development footprint in India and has roped in nutraceuticals expert Sanjay Agrawal to spearhead its strategic initiatives in the country, a statement said on Monday. Alkomex GBN has formed a partnership with Dr Sanjay Agrawal, a renowned Indian expert in health management and nutraceuticals, and has appointed him as the Scientific Advisor for Alkomex GBN, the statement said. "His leadership will be instrumental in driving our growth as we continue to expand our footprint in the nutraceutical and functional food sectors," Alkomex CEO Alex Meneses Vega said. Agrawal will be based in Ahmedabad and will spearhead the US firm's research and strategic initiatives, it said, adding that he will guide the company's R&D efforts and integrate Indian research into Alkomex's global operations. The partnership is expected to significantly strengthen Alkomex GBN's capabilities in developing scientifically-backed nutraceuticals .

As part of the agreement, Amazon Prime members will continue to be eligible to avail a free Grubhub+ membership worth $120 a year, which includes free delivery on orders above $12

Walmart employed approximately 2.1 million associates as of Jan. 31, 2024, according to regulatory filings

Girish Mathrubootham becomes executive chairman of Nasdaq-listed SaaS firm to focus on 'long-term' vision

America's employers delivered another healthy month of hiring in February, adding a surprising 275,000 jobs and again showcasing the US economy's resilience in the face of high interest rates. Last month's job growth was up from a revised gain of 229,000 jobs in January. The unemployment rate ticked up two-tenths of a point to 3.9 per cent but was still the 25th straight month in which it has remained below 4 per cent. Friday's government report reflected the job market's sustained ability to withstand the 11 rate hikes the Federal Reserve imposed to fight inflation, which made borrowing much costlier for households and businesses. Employers have continued to hire briskly to meet steady demand from consumers across the economy. Yet despite sharply lower inflation, a healthy job market and a record-high stock market, many Americans say they are unhappy with the state of the economy a sentiment that is sure to weigh on President Joe Biden's bid for re-election. Many voters blame Bide

The transaction is expected to be completed by the end of February 2024, pending fulfilment of certain conditions

American companies operating in China view tensions with Washington over technology, trade and other issues as a major hindrance for their businesses there, according to a survey by the American Chamber of Commerce in Shanghai. The survey released on Tuesday showed a continued downgrading of China's importance as an overseas destination for investment, even though two-thirds of the 325 companies responding said they had no immediate plans to change their China strategy. Just over one in five of the companies surveyed said they were decreasing their investment in China this year, with the top reason being uncertainty about the US-China trade relationship, followed by expectations of slower growth in China, it said. Overall, the survey showed sentiment worsened from last year, when companies were embroiled in disruptions from zero-COVID policies that caused parts of entire cities, transport networks and travel to be shut down, sometimes for weeks at a time. Such disruptions were a ma

The deal will lead to the two companies creating a unified technology platform for school operations

Raimondo, who is holding three days of talks with Chinese and business leaders to boost ties, met with Commerce Minister Wang Wentao on Monday for just over two hours

US-based investment firm GQG Partners has bought a 5.96 per cent stake in edible oil firm Patanjali Foods, which is promoted by Baba Ramdev-led Patanjali Ayurved. GQG Partners has bought 2,15,64,517 equity shares of Patanjali Foods through Offer For Sale (OFS) route, according to a regulatory filing. This translates into a 5.96 per cent stake in Patanjali Foods. Patanjali Foods share price closed at Rs 1,332.75 apiece on Wednesday, up 4.64 per cent from Tuesday. The market cap of Patanjali Foods stood at Rs 48,245 crore. At current valuation, GQG Partners' shareholding in Patanjali Foods is worth nearly Rs 2,900 crore. Last week, Patanjali Foods announced that its promoter Patanjali Ayurved will sell up to 2.53 crore shares of the company through OFS in a bid to increase public float. The floor price was kept at Rs 1,000. The two-day Offer For Sale (OFS) was launched on July 13-14 by promoter entity Patanjali Ayurved to pare its total stake in Patanjali Foods by around 7 per cent

Chicago-based enterprise Ahead on Wednesday announced its entry into the Indian market with its first service delivery office in Gurugram and is planning to hire over 750 employees in the country by 2025. "We are thrilled about the opportunities India presents for both our clients and our team. We plan to hire 750+ employees in India by 2025 across levels. This important step is a testament to our commitment to delivering impactful results to our clients, and we look forward to continuing to innovate and grow in the Indian market," Ahead India Vice President and Managing Director Praveen Grover said in a statement. The hiring will be across levels for data analysts, data engineers, cloud security analysts, cloud network engineers, operations, marketing and HR personnel in India. By the end of 2024, Ahead India aims to employ hundreds of associates and further strengthen its presence in the region. The company will focus on supporting the growth of its managed services, digital ...

The survey was conducted between April 18 and 20 and was published in the 2023 American Business in China White Paper on Wednesday

Top global retailers from the US and Europe have shown keen interest in sourcing goods from Indian toy manufacturers and hand-hold them to meet their compliance requirements, a government official said. The official said these retail giants are looking to procure toys from India at a good scale. The Department for Promotion of Industry and Internal Trade (DPIIT), which is taking a series of steps to promote domestic manufacturing of toys, is also helping the Indian manufacturers tie up with the global players to meet their compliance provisions and increase exports from India. When asked about the issue, Manu Gupta, promotor of Playgro Toys India and Chairman of Toy Association of India, said a US-based retailer has approached the industry to procure toys in three main categories including ride-on and outdoor toys and mechanical and electrical toys - worth USD 400 million. He said DPIIT officials are helping the industry engage with these world players and get orders. These firms

"We are officially deemphasizing Twitter across the organization," NPR said in a statement, adding that it had made the decision after Twitter refused repeated requests to remove the inaccurate label

The company inaugurated its first restaurant in Bengaluru, which was followed by rapid expansion to 12 restaurants across the city in less than a year

US chipmaker Broadcom offered 20 billion won ($15.8 million) worth of programmes to address concerns about its alleged violation of competition law, South Korea's antitrust regulator said on Monday

Indian companies have overtaken American firms in gross leasing of office space for the first time, with almost a 50 per cent share in the total demand, according to CBRE India. In its report released on Thursday, CBRE said that the gross leasing of office space rose 40 per cent in 2022 to 56.6 million square feet across nine major cities from 40.5 million square feet in the previous year. Out of the total absorption of office space in 2022, 27.73 million square feet area was leased by domestic firms while 20.37 million square feet by American companies, according to CBRE. The total gross leasing of office space in 2022 was the second-highest leasing activity ever after it touched the peak in 2019 with a 65 million square feet area. "In a first, domestic firms overtook American firms in annual leasing, accounting for nearly half of the leasing share in 2022, mainly led by flexible space operators, technology corporates and BFSI firms," CBRE said. Bengaluru, Delhi-NCR and Mumbai ..

US cloud-based service provider Salesforce has a big focus on India from a revenue and talent perspective, its executive vice president of real estate and workplace services Relina Bulchandani said on Thursday. According to Bulchandani, the future is incredibly bright for India. The San Francisco-based company is really committed to increasing its headcount in India, she said. "We have a big focus on India from a revenue and talent perspective... India is an incredible country from a growth perspective,' she told PTI on the sidelines of Salesforce's Dreamforce 2022 conference. Currently, Salesforce has offices in six Indian cities -- Mumbai, Hyderabad, Bengaluru, Pune, Gurugram and Jaipur. Bulchandani pointed out that Salesforce increased its headcount significantly during the pandemic period to 7,500 from 2,500 in April 2020. "Currently, we are growing rapidly. Like I said, in the last two years, we have grown 3x. "So, I would like to see that growth continuing going forward,"

As many as 13 USA aerospace companies arrived here on Wednesday for a two-day trade mission to explore Telangana's aerospace ecosystem and meet with potential business partners in the region. A press release from the US Consulate here said the trade mission, which is organised by the US Commercial Service in India, will help participating firms and organisations gain market insights, make industry contacts and solidify business strategies. "It's so exciting to welcome this diverse delegation of American aerospace firms to Hyderabad. American aerospace companies are known around the world as industry leaders and I see immense potential for US and Indian companies to work together in this crucial sector in a way that benefits both of our economies, US Consul General Jennifer Larson, who joined the delegation at a reception said. The trade mission features customised one-on-one business appointments with potential buyers, agents, distributors and joint venture partners. It will also ..