Business Partnership

Partnering may be a hot management concept, one that works for many firms. However, it clearly is not for everyone.

Healing Space | The secret to a 50-50 in relationships

You’ve shaken hands and you’ve laid out the terms of engagement. But what really makes for equality in any partnership?

Reliance, EDIC sign pact to manufacture defence equipment

The two companies have agreed to jointly explore the opportunity for manufacturing and building capabilities in defence vehicles, aviation and associated areas, defence equipment and armament manufacturing, defence electronics, commercial and naval ships besides Maintenance, Repair and Overhaul (MRO) of military equipment and platforms.

SBI not to sell insurance plans of other companies

As per a notification issued by the regulator on September 15, banks are now allowed to tie-up with insurers to sell products through their branches.

IDFC to be dropped from BSE on Oct 1 due to demerger

At the same time, the index provider would also exclude IT firm CMC Ltd from the indices as the firm would merge with Tata Consultancy Services on September 30.

Motorola no more exclusive to Flipkart; partners Brightstar

Motorola re-entered the Indian market last year in partnership with Flipkart to sell its portfolio of devices that includes Moto G, Moto E, Moto X and Moto 360 smartwatch.

IDBI expects to double balance sheet by 2019: MD

The Mumbai-based lender will be opening 10 overseas branches within a span of three years and 23 more branches across the country this year.

Marico appoints new chief of strategy, M&A and new biz

Prior to joining Marico, Pankaj worked as a partner with Bain & Company's South-East Asia (SEA) and Head of Bain's Consumer Products and Retail, and Healthcare Practices.

Incitec sees new US plant benefiting from fertilizer M&A

The plant outside New Orleans is expected to start producing in the third quarter of calendar 2016, with all of its output already committed to customers, including Incitec's Dyno Nobel arm in the United States and ammonia trader Trammo.

JCHAC to acquire 72% of Hitachi Home and Life Solution

JCHAC India Holdco, a wholly-owned subsidiary of Japanese giant Hitachi Appliances, would acquire the said stake.

India seeks SoftBank push for Modi's solar goal

The tenders are part of Prime Minister Narendra Modi's ambitious plans to raise solar capacity five fold to 100,000 MW by 2022 to meet India's growing power needs, create jobs and fight climate change without committing to an emission target.

Welspun Corp forms JV with Wasco Energy for Rs 200 cr plant

Welspun Corp, which is the flagship arm of the USD 3 billion Welspun Group making steel pipes for the oil and gas sector, will hold 51 percent in the joint venture while the Malaysian partner Wasco, which is a fully-owned subsidiary of WahSeong Corporation, will own the rest, Welspun Group said in a statement.

India to auction 20 major iron ore mines to revive industry

India's mining sector has been mired in controversy over illegal allocation of resources. Once the world's third-biggest iron ore exporter, the country now imports the steelmaking ingredient due to a court-led crackdown on illegal mining.

Southern Co becomes No. 2 US utility with $8 bn AGL deal

The combined company will operate about 200,000 miles of electric lines and 80,000 miles of gas pipelines serving about 9 million customers, making Southern Co the No. 2 US utility by customer count after Exelon Corp.

Royal Enfield announces entry into Indonesian market

The company announced its future plans for Indonesia, the third largest two-wheeler market in the world, as a part of its growth strategy and focused international thrust of leading and expanding the global mid-sized motorcycle segment (250-750cc), Royal Enfield said in a statement.

Did You Know: Smartlink Network's cash more than m-cap, debt nil

Did you know about a company that has cash more than its market-cap, no debt on its books and has been paying consistent dividend since 1999.

HUL ties up with Aptech to open beauty training academies

As per the agreement, Lakme will design content and course modules, coach trainers and certify students while Aptech will be responsible for the entire academy operations.

Now shop with IRCTC RuPay card

IRCTC Union Bank Prepaid Card was launched in collaboration with the Union Bank of India and the National Payment Corporation of India in May. Till now, the card is used only for rail bookings.

SBI launches mobile wallet app 'Buddy'

The service will be available to existing as well as non-SBI customers. The app was launched by Finance Minister Arun Jaitley along with Jayant Sinha, Minister of State for Finance and Hasmukh Adhia, Secretary, Department of Financial Services.

NCML enters into strategic alliance with Adani Ports

The objective of the partnership is to assist industries, traders, importers and exporters in financing their capital requirements at all stages of the supply chain, ranging from post harvest storage to export or import stages, APSEZ and NCML said in a joint release.

Pipavav Defence reports Q1 net loss at Rs 167 crore

The total income during the quarter dropped to Rs 106.95 crore from Rs 316.47 crore in the year-ago period.

Ashok Leyland in talks to set up 2nd overseas assembly unit

During the quarter ended June 30, Ashok Leyland's sales improved by 45 percent to 18,600 units from 12,819 units sold during the same period last year.

eBay India partners Capital Float to finance sellers

Together with Capital Float, eBay hopes to provide its seller-partners with that much needed shot of capital to help them win in a highly competitive market, the companies said in a statement.

SBI says no plan to buy out GE Capital in credit card JV

The JV is operated through two companies - SBI Cards & Payment Services, which focuses on marketing and distribution of SBI credit cards, and GE Capital Business Processes Management Services that handles the technology and processing needs of SBI Card.

Present focus on wholesale, retail still on radar: Walmart

The company's India unit, Walmart India announced the opening of its 21st cash and carry store in the country here and said it is in the process of building pipeline of 40 properties at 40 sites by next year as part of its programme to open 50 more stores by 2020.