JSW Steel Ltd (JSTL) has announced a restructuring that unlocks value from Bhushan Power & Steel Ltd (BPSL) and changes the balance-sheet. JSTL will do a slump sale of 50 per cent stake in BPSL to Japan's JFE Steel in two equal tranches, totalling Rs 15,700 crore in cash.
India and Russia have agreed to encourage joint manufacturing of military hardware and spare parts in India, aiming to improve maintenance of Russian-origin defence equipment and boost overall bilateral defence cooperation.
India and France have renewed their 10-year defence cooperation agreement and signed a Memorandum of Understanding (MoU) for the joint manufacturing of Hammer missiles in India, marking a significant step in strengthening their strategic partnership.
State-run gas utility GAIL India and state refiner Bharat Petroleum Corp Ltd have floated a joint venture company to supply piped natural gas for domestic and commercial use
Domestic bourse BSE has approved the acquisition of a 50 per cent stake in index provider Asia Index (AIPL) from equal joint venture partner S&P Dow Jones (SPDJ) Indices for Rs 30 crore. AIPL, the index provider, is responsible for compiling and maintaining the widely followed Sensex, Bankex, and other indices. Passive funds with assets of nearly Rs 2 trillion are benchmarked with indices provided by AIPL.
Ranbaxy Ghuangzhou China is a joint venture formed in 1993 between the Ranbaxy group, Guangzhou Baiyunshan Pharmaceutical Company Ltd, China and Hong Kong New Chemic.
KEC International Limited, a part of the Rs 9,500-crore (Rs 95 billion) RPG Enterprises has floated a joint venture company with the Power Engineers Inc of the US in a bid to tap the North American market.
India and France have elevated their relationship to a 'special global strategic partnership,' with increased cooperation in defense, trade, and technology. The leaders also inaugurated a helicopter assembly line in Karnataka.
JSW MG Motor India will launch four new models this year, and is planning to invest between 3,000 crore-4,000 crore in the country over the next couple of years. The new models include a plug-in hybrid, an electric vehicle, the Majestor SUV and one additional model yet to be disclosed.
Gulf Oil Corporation Ltd, a Hinduja group entity, has set up a joint venture in Indonesia, named PT Gulf Oil Lubricants Indonesia with an investment of $6,12,000.
Once the requisite approvals have been received, the joint venture would be primarily engaged in selling value added services for mobile devices.
India said it is closely monitoring the evolving situation in Venezuela and reaffirmed its support for the well-being of people of the country.
With the country poised to import 142 million tonnes in 2011-12, the development holds significance as a tie-up with railways will help CIL in transporting the imported coal to its destinations.
Until 26 months ago, the laws governing cross-border joint ventures were loaded heavily in favour of the Indian partner.
After nearly a year of murmurs that JM Financial and Morgan Stanley would go separate ways, they have, joined the swelling ranks of joint ventures that have fallen apart.
Tata Steel has a technical tie-up with Nippon Corporation for automotive steel production. Nippon is also helping plan the layout of its proposed steel plant at Kalinga Nagar.
The channel is an equal joint venture between NDTV and Chennai-headquartered newspaper group The Hindu.
Under the present dispensation, a foreign player who entered India before January 12, 2005 has to take government approval and 'demonstrate' that fresh investment in the same field would not affect interest of his domestic joint venture partner.
India has seen multiple instances of termination of agreements in joint venture contracts, most of which were formed in the early 1980's.
Ciber Inc and iGate Global Solutions Ltd, formerly Mascot Systems Ltd, on Tuesday announced an agreement to form an India-based joint venture to offer software services.
Digital Connexion, a joint venture between Brookfield, Reliance Industries and Digital Realty, on Wednesday announced an investment of $11 billion till 2030 for building 1 gigawatt (Gw) state-of-the-art AI-native, purpose-built data centres in Visakhapatnam, Andhra Pradesh.
In a country where wearing lipstick could still invite disapproval, Simone Tata understood that Lakmé's future depended on shifting attitudes.
The minister said that a high-level committee was constituted in his ministry to review the defence procurement procedures and integrate defence establishments and industry.
Bajaj Finserv - the holding company of Bajaj group's financial services business - has laid out plans for the next five years. During this period, it is eyeing 18-22 per cent compound annual growth rate (CAGR) in net profit at Rs 21,000-24,000 crore on a consolidated basis.
Last 20 yrs have seen 4 JVs ending prematurely. What does this mean?
The new JV entity will also manufacture engines and set up a research and development centre in China.
Sunil Bharti Mittal-led conglomerate Bharti Enterprises and private equity firm Warburg Pincus will collectively acquire a 49 per cent stake in Haier Appliances India, the local unit of China's Shandong-based Haier group, for an undisclosed amount. The transaction, according to industry sources, values the company at about 15,000 crore.
Gurugram, already established as the corporate hub of Delhi-NCR, is increasingly attracting developers from outside the region, drawn by robust end-user demand, premium pricing, and emerging development opportunities.
The creation of joint ventures by Delhi International Airport Ltd (DIAL) has not impacted its revenue share, says the Airports Authority of India (AAI).
'The immediate impact for India will be very minimal as the share of Venezuela in our total overseas production is very low.'
They are venturing into allied businesses, which range from starting talent management agencies to music labels to tap into every possible monetisable opportunity to appeal to investors.
"Four directors have been shortlisted for projects which will go on the floor begining 2008-end. A few other projects are at the consideration stage and will be announced shortly," Wing commander P Ramesh, CEO of A B Corp told PTI. The four directors shortlisted are Chandraprakash Dwivedi, Rohan Sippy, Sujoy Ghosh and Balki. Ramesh said that Reliance Big Entertainment and A B Corp are equal partners in the film production in terms of creative input and finance.
Mahindra & Mahindra, the Indian carmaker, confirmed Tuesday that it had pulled out of a $1bn joint venture with Renault and Nissan to set up a factory near Chennai.
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