Us Firms

Jubilant FoodWorks brings American chicken brand Popeyes to Chennai

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

Broadcom addresses unfair practices, proposes measures worth $15.8 million

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

India Inc beats US firms in office leasing for first time in 2022: CBRE

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 ..

Salesforce plans to focus on India from revenue, talent perspective

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,"

13 US firms on two-day visit to explore Telangana's aerospace ecosystem

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 ..

JPMorgan to boost payments business with US firm Renovite purchase

Renovite's founder and chief executive Viren Rana called JPMorgan's payments division a "natural home" for the company's people and technology

European Union blocks merger of US firms in cancer screening sector

The European Union's anti-trust watchdog announced on Tuesday that it is blocking the buyout of cancer-screening company GRAIL by biotech giant Illumina in a rare move by European regulators against two US companies. Illumina is a major supplier of next-generation sequencing (NGS) systems for genetic and genomic analysis, while GRAIL is a health company developing blood tests to try to catch cancer early. Illumina announced an $8 billion acquisition of GRAIL in 2020. But the European Commission, which polices competition issues, said the buyout would have enabled and incentivised Illumina to foreclose GRAIL's rivals, who are dependent on Illumina's technology, from access to an essential input they need to develop and market their own tests. Commission Executive Vice-President Margrethe Vestager said that it is vital to preserve competition between early cancer detection test developers at this critical stage of development. As Illumina did not put forward remedies that would have .

Facebook falls to no.8 in list of most valuable US firms, shows data

The stock is down 35 per cent this year and is trading at its lowest since July 2020

US firms say not ready to pay digital tax, urge India to defer move

The tax applies on e-commerce transactions on websites such as Amazon.com

Trump threatens new taxes on companies that make goods outside US

Trump said in a Fox Business Network interview that taxation was an "incentive" for companies to return manufacturing to the United States

Covid-19 impact: India looks to lure more than 1,000 US firms out of China

In talks with Medtronic and Abbott on relocating units

One-fifth of US firms in China resume normal ops amid Covid-19: Survey

"This is one of the areas that I think provides some sense of optimism," the chamber's president, Alan Beebe, said at a news conference accompanying the survey's release

Many US firms plan to incrementally invest in India, China: UBS

A quarter of larger companies surveyed expressed an intention to invest in India

Apple, Microsoft, other US firms stashed $1.6 trillion in tax havens: Oxfam

Oxfam said these 50 companies had an effective rate nearly 10 percentage points lower