Leading non-banking financial company (NBFC) Shriram Finance on Friday said Japan-based MUFG Bank would invest Rs 39,618 crore, or $4.4 billion, to acquire a 20 per cent stake on a fully diluted basis through a preferential issue of equity shares.
Four big global companies - Bayer, GenZero (a wholly-owned arm of financial major Temasek), Shell and Mitsubishi - have decided to scale up their carbon credit programme in nine states to empower farmers. The credits are generated through the adoption of smart agriculture practices - Alternate Wetting and Drying (AWD) and Direct Seeded Rice (DSR). Since over a year, the project, which was being run on a pilot basis, has positively impacted 10,000 farmers, covering more than 25,000 hectares.
'Without his vision and foresight, his willingness to take a risk that no one else was willing to take, his deep and abiding love for India, the Indian automobile industry could not have become the powerhouse that it has become.'
Outlander's new looks have been inspired from the Outlander GT prototype.
Offers extra features such as a touch screen multimedia system with GPS navigation, rear view camera and super select 4WD system.
Japanese car maker Mitsubishi Motors Corporation has decided to manufacture its sports utility vehicle Outlander in India, through its Indian joint venture with Hindustan Motors, a C K Birla Group company. The Indian JV currently manufactures the Lancer range of sedans, sells Montero, a premium segment sedan, and imports completely built SUV Pajero. The company had earlier considered the option of importing Outlander as a fully-built unit for the Indian market.
The merger, in which TCS will hold 51 per cent stake and Mitsubishi 49 per cent, will create a new IT services company of significant scale in the Japanese market with annual turnover of over $600 million.
Japanese automobile company Mitsubishi Motors may launch a compact car in the B segment in the country. The car is expected to hit the roads in three years. Though Mitsubishi sells Pajero SUV and Lancer sedan in India, they have not generated adequate volumes for the Japanese automobile company. The compact car will take on Maruti Swift, Hyundai Getz, Skoda Fabia, Fiat Palio, Chevrolet U-VA and Ford Fusion
The alliance will extend an existing partnership between the two.
The company plans to focus on SUVs such as Pajero Sport and the Montero that have better profit margins.
Mitsubishi Corporation of Japan is considering investments in India's infrastructure sector including power, ports and airports.
Mitsubishi will pull out of cross country rallying, including the Dakar Rally which the Japanese team has dominated in recent years, as part of cost-cutting measures caused by the global economic downturn. With Wednesday's announcement, Mitsubishi Motors became the latest Japanese automaker to scale back their motorsport activities following Honda's shock exit from Formula One in December.
The GP-C K Birla group-promoted Hindustan Motors is planning to launch new products from the Mitsubishi stable in the next six months.
L&T plans to transfer the equity of L&T in their joint ventures with Mitsubishi Heavy Industries into L&T Power through a book transfer, if clauses for the re-tender remain the same, company executives told Business Standard.
Mitsubishi Motors on Thursday said it plans to launch its sedan Cedia and sports utility vehicle Montero by the first quarter of the next year in partnership with Hindustan Motors.
Mitsubishi Motors, Japan's fourth largest carmaker, is looking to grab a slice of the 1.2 million per year Indian small car market and is mulling the launch of a compact family hatchback over the next three to four years.
Mitsubishi Motor Corporation's plan to produce a volume-generating compact car from India has been indefinitely deferred for lack of funds and sliding demand.
The sizzling hot Mitsubishi Pajero Sport is powered by 175 PS 4000 Nm 2.5 L diesel engine.
Japan's Mitsubishi Motors on Thursday said it would offer a discount of Rs 10,000 on all models of its sedan Lancer in a bid to arrest slump in sales during the monsoon.
Mitsubishi Motors will be strengthening its position in the high growth sports utility vehicle market by launching the all-new Outlander in early 2008.
Premium carmaker Mitsubishi on Wednesday said it will increase the price of its newly launched sports utility vehicle Outlander by about two per cent from next month, thus withdrawing the introductory offer on the vehicle.
Sources familiar with the development said the Japanese giant had made it a pre-condition to invest in Future Group's food sourcing and back-end infrastructure.
The company is far behind its aggressive Japanese competitors, selling only 4,000 vehicles annually.
"We are planning to bring Evo 10 to India through the completely built route (import). This may push the cars' end cost but the company has no plans to locally build the car yet. The response for the car (from the market) will decide whether it can be manufactured here or not," said a company executive on the condition of anonymity. Internationally, the car costs $30,473 (Rs 12 lakh) and $32,697 (Rs 13 lakh) for different variants.
Hindustan Motors on Thursday launched Mitsubishi Lancer Cedia, which promises easy manoeuverability and strong road grip on the Indian roads.
Japanese firm Mitsubishi Heavy Industries on Friday said it will set up a manufacturing plant in Mysore to manufacture small size diesel engines, in joint venture with city-based VST Tillers Tractors Ltd.
There was no smooth surge in middle class prosperity for foreign businesses to tap into because of the Indian economy was mismanaged, argues Debashis Basu.
The company is looking to exploit the upper B+ segment, which has seen high demand growth since the launch of Maruti's Swift, followed by several models like the Hyundai i20, Fiat Grande Punto, Maruti Ritz, Volkswagen Polo and Nissan Micra.
Tokyo -- the songs Japan, Love In Tokyo and Sayonara from the 1966 Hindi film automatically pop up in the mind -- is buzzing and crowded like any other metropolis, discovers Deepa Gahlot. The modern apartment blocks are built cheek by jowl, so close together that one can open the window and borrow sugar from the neighbour in the next building. One of the fears of the Indian traveller is the unavailability of vegetarian food. Every city and town in Japan has an array of Indian restaurants that serve every variety of cuisine, right from Gujarati to Punjabi to Andhra and Kerala meals.
Funds raised by India Inc. through offshore loan syndication hit a 15-year high in 2023 with companies and banks raising $21.4 billion, the highest since 2007. The momentum is expected to continue in 2024 as well with over $4 billion fund raising expected in the first three months of this year. Companies raise funds, both onshore and offshore, depending on interest rates and activities. Funds raised offshore can be deployed in overseas activities.
The new Duster will go head-to-head with popular models like Hyundai Creta, Kia Seltos, Volkswagen Taigun, Skoda Kushaq, Maruti Suzuki Grand Vitara, Toyota Urban Cruiser Hyryder, MG Astor, etc in the highly competitive mid-size SUV segment.
Justice N Anand Venkatesh, who holds the portfolio for MP/MLA cases in the state, took up the cases against senior ministers Thangam Thennarasu and his wife and KKSSR Ramachandran and his spouse and also a friend of the DMK leader.
Mahindra & Mahindra chairman emeritus Keshub Mahindra passed away this morning in Mumbai due to old age. Mahindra, 99, breathed his last this morning at home peacefully, said a person close to the family. After joining the company in 1947, he became the chairman in 1963.
Mitsubishi's newest Pajero has more to it than rally genes.
Big conglomerates of Japan, including Mitsubishi Corporation, Sumitomo Corporation, and Mitsui Group, are looking to both build and buy commercial properties in key Indian cities.
With Mitsubishi pulling the plug on it the days of the Pajero maybe over, but nobody who ever owned one will forget it. Some even learnt life-long lessons from it, says Pavan Lall.
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