Word: indianness
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...INDIAN BUYER: SUZLON ENERGY Alternative-energy company, wind-turbine maker COMPANY ACQUIRED: HANSEN TRANSMISSION (BELGIUM) Manufacturer of gearboxes for wind turbines PRICE: $565 million DATE: March...
...diaspora has spread beyond Silicon Valley. Indian-born executives have in recent years taken the reins at some of the world's biggest companies. Arun Sarin, a native of Madhya Pradesh in central India, is CEO of Britain's Vodafone. Three months ago, Indra Nooyi was named CEO of PepsiCo after serving five years as the U.S. beverage giant's CFO. Indians have credibility as managers, says Hemant Luthra, head of the Systems & Automotive Technologies division at Indian car-and-tractor manufacturer Mahindra & Mahindra. This was not always so. Luthra remembers visiting Hong Kong in 1991 when India's government...
...makes packaging for upscale cosmetics and toiletries, and a U.S. company that makes medical products like catheters and esophageal balloons. "We'll keep looking for the right opportunities," says Essel Propack's managing director Ashok Goel. "And when we see something we like, we'll go for it." As Indian companies following that same script continue to expand overseas, in the future we'll be buying more than toothpaste tubes stamped "Made in India...
...INDIAN BUYER: MITTAL STEEL World's largest steelmaker is Europe based but Indian owned Company acquired: ARCELOR (LUXEMBOURG) Europe's top steel producer PRICE: $33.5 billion DATE: June...
...INDIAN BUYER: VIDEOCON Consumer-electronics and home-appliance manufacturer COMPANY ACQUIRED: THOMSON (FRANCE) Manufacturer of TVs, color-TV picture tubes PRICE: $291 million DATE: June...