German commercial vehicle manufacturer MAN Nutzfahrzeuge Group plans to set up manufacturing facilities for trucks and buses in joint venture with India's Force Motors Ltd at an estimated investment of euro300 million.
Two aborted missions, three different ministers, multiple rule changes and two decades later, Indian taxpayers will no longer have to pay Rs 20 crore per day to keep the loss-making Air India flying. While opposition Congress expectedly attacked the decision as selling the family silver, DIPAM secretary Tuhin Kanta Pandey said what Tata is getting is not a cash cow but an airline which is bleeding where money needs to be pumped in to refurbish obsolete aircraft and dust up strangled ones while being unable to touch any employee for one year and only be able to resize staff after paying a VRS. "It won't be a very easy task there. Only advantage is they (new Air India owner) are paying the price which they think they can manage. "They are not taking the excessive debt accumulated to fund years of losses. We are continuing it as an ongoing concern.... This process has also saved huge amount of taxpayers money going forward," Pandey told PTI.
Bharti Tele Ventures on Tuesday said the groups' foray into the retail segment, through a joint venture, would be finalised in the next three-four months.
"We are launching a 24-hour news channel in Arabic next year and we are looking at TV services in Hindi and Urdu. They will be joint ventures," BBC World Service's Business Development Manager Michel Lobelle said.
Nature's Basket is changing its offering. Its new strategy zeroes in on pushing joint ventures, focusing on private labels and reentering Delhi.
In the midst of the battle between the Tatas and Birlas over stake-holding in their telecom joint venture Idea
Tata group chief Ratan Tata on Friday remained non-committal on the ongoing tussle with the Birla group on their GSM joint venture Idea.
Atlantis, The Palm is a 1,539 room, ocean-themed destination resort located at the centre of the crescent of the man-made Palm Island in Dubai.
Commerce Minister Kamal Nath will lead a high-powered business delegation to the United States for the 'Focus India Show'
The US-based coffee chain, which had sewed up an equal joint venture with Tata Global Beverages, opened its first outlet in Mumbai in October 2012.
Tata Coffee Ltd has decided to form a joint venture with tea firm Beeyu Overseas Ltd for marketing and sale of the company's instant coffee products in the international market.
Ticket sales to open from Friday, says group CEO Tony Fernandes
The five-acre facility, set up by M&M through a joint venture with government owned company MSTC, went on stream in April this year
Chennai-based two wheeler major TVS Motor Co on Friday said it would set up a motorcycle assembly plant in Colombia through a joint venture company with a local partner.
With respect to the cancelled flights, customers can opt for a full refund or alternative travel dates free of cost.
Energy's exit is a cautionary tale for several foreign investors in India as close to 16 Gw of solar and wind power projects languish without any power purchase agreement, 24 Gw without transmission connectivity and around 2 Gw unilaterally cancelled by project developers.
Mahindra and Mahindra on Wednesday said it would attain annual production of 6,000 tractors in China by the end of these fiscal, months after it began operations in the country through a joint venture.\n
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