Mahindra & Mahindra, one of India’s largest automobile and tractor makers, announced the production plans for a new series of advanced tractors being made with the help of its joint venture with the Mitsubishi Group of Japan. While the collaboration was announced earlier, it today unveiled further details about the production roadmap, as well as […]
Quess Corp, a provider of logistical, staffing and infrastructural solutions to businesses in India, said it has entered into an agreement with international e-commerce giant Amazon.com relating to investment in and operations of an electronics aftersales company. Though the finer details of the agreement were not revealed, the agreement could be aimed at diversifying the […]
State owned oil and gas company Indian Oil Corporation Ltd (IOCL) said that it has entered into a joint venture with Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) for the implementation and operation for a 2,757-km long LPG pipeline from Kandla, Gujarat to Gorakhpur, Uttar Pradesh. While Indian Oil Corporation will […]
Volvo Eicher Commercial Vehicles, which manufactures Eicher branded trucks and buses in India, said it would increase its capacity by 44% by setting up a new, 40,000-trucks-per-year plant in Bhopal in Madhya Pradesh. At present, the joint venture between Eicher Motors and AB Volvo has a capacity of manufacturing 90,000 trucks per year at its […]
The border between India and Pakistan is seeing a sharp and steady increase in deaths due to firing — including those of militants — in the last three years, Defence ministry numbers revealed. With more than five months to go before the year is through, 2018 has already seen the deaths of 27 army and […]
Italian insurer Generali Group said it will increase its stake in Future Generali, its insurance joint venture with Future Group of India, to 49% from 25.5% at present at a cost of 120 mln euros (Rs 960 cr). Future Group is a pioneer in the organized retail market in India and is by far the […]
Air conditioning company Voltas said Voltbek, its joint venture with Turkey’s Ardutch, will set up its first factory to produce refrigerators and washing machines in Sanand in Gujarat. The two companies had announced a joint venture agreement a year ago. “Voltbek has today laid ground to start construction of their first manufacturing facility, spread over […]
Textile and garments maker Arvind Ltd said it set up a joint venture with global auto-seat specialist Adient to manufacture automotive seat fabrics in India. Adient Arvind Automotive Fabrics will be based in Ahmedabad, India, and will supply materials both to Indian and foreign customers of Adient. “The joint venture will benefit from synergies between […]
Mumbai-based real estate company Godrej Properties said it has signed a joint venture agreement with Nirmal Ventures, also based in Mumbai, for developing a residential project in Thane. The project, located on the Lal Bahadur Shastri (LBS) Marg, Thane West, will be developed under a development management agreement, the company said. Spread over 14 acres, […]
Minda Corporation said it has agreed to set up a fifty fifty joint venture with Shandong Beiqi Haihua Automobile Parts at a cost of $12.5 million. Other details of the agreement, including the location, were not revealed. The agreement was entered via Minda German subsidary, Minda Ktsn Plastic Solutions. It is an exporter from Germany,the […]
