Both Piramal and Zurich, which had submitted separate non-binding bids for the general insurance business of Reliance Capital in August, may hold 50 per cent each in the proposed special purpose vehicle (SPV)
The plan will be implemented through a joint venture company in partnership with Websol Energy Systems
Besides creating thousands of jobs through this initial initiative, the JV will fulfil the dream of many young entrepreneurs to promote more such Startups in the country and create millions of jobs in the years to come.
Maharashtra, Telangana, and Karnataka were also in the running to host Vedanta-Foxconn's mega project, but in the last leg of negotiations in recent weeks, Gujarat pipped Maharashtra to the post.
The joint venture Jash Energy's facility has been opened in Mundra and is modeled after Arctech's existing Chinese manufacturing base in both the automatic production line and world-class manufacturing management system, according to a statement.
In December 2020, Tata Motors and Marcopolo had entered into an agreement, under which the home-grown automaker agreed to purchase 49 per cent shareholding
The JV will also explore future business opportunities in the Indian Railways sector and tap the upcoming domestic requirements in the field, Bharat Forge said.
NTPC and Indian Oil signed an agreement on July 18, 2022 in New Delhi for the formation of a joint venture company for meeting the power requirements of upcoming projects of Indian Oil refineries, a company statement said.
With an equity allocation of Rs 20 billion (C$333 million), the joint venture would pursue Grade A commercial developments in India's key gateway cities
Vedanta will hold the majority stake while Foxconn will be the minority shareholder. Vedanta’s Chairman Anil Agarwal will head the joint venture.
Hunting PLC CEO Jim Johnson said that the new facility will be India's first state-of-the-art premium oil country tubular goods threading plant, which will be set up in Nashik, Maharashtra.
The joint venture firm will see the deployment of OneWeb's Low Earth Orbit (LEO) satellite constellation to provide connectivity to enable Neom's ecosystem of cognitive technologies.
Besides creating thousands of jobs, the Airbus-Tata joint venture will encourage micro, small and medium enterprises (MSMEs) to make aircraft parts and spares, helping develop a robust aerospace ecosystem in the subcontinent
Archean Group's industrial salt unit has a capacity of 3 million metric tons. The firm is into the business spanning from industrial salt, fertilisers to mining.
The focus of the company, a subsidiary of Century Textiles and Industries Ltd, will largely be on high and premium housing but through the joint development model
M&M's previous joint venture was with French carmaker Renault about 10 years ago.
Uttaresh Venkateshwaran gets in conversation with Moneycontrol Corporate Bureau Chief Prince Thomas to discuss the joint venture between Tata Steel and thyssenkrupp, leadership crisis in the German multinational conglomerate and more.
State Bank of India’s credit cards business venture SBI Cards is likely to have finalised on private equity firm Carlyle as a new partner.
A number of Russian defence firms has broadly agreed to facilitate speedy repair and overhaul of Russian-origin military platforms in India and manufacture their spare parts through joint venture and technology transfer with Indian companies.
Real estate developer RMZ Corp, has announced a strategic partnership with Hyderabad-based business house, My Home Group, to develop premium commercial office spaces in the city with an investment of over USD 1 billion. R
Gayatri Projects has won Rs 1,363-crore irrigation order in joint venture (JV) with two companies. "We have a JV with 70 percent share and other two partners own 30 percent", TV Sandeep Reddy of Gayatri Projects told CNBC-TV18.
Tata Sons has agreed to pay USD 1.17 billion in damages to Japan's NTT DoCoMo in their long-standing dispute over the latter's exit from a joint venture in India.
Eric Trappier, CEO, Dassault Aviation is very upbeat of their joint venture with Reliance Defence giving them an opportunity to have a footprint in India.
Larsen & Toubro, which has for long wanted a bigger footprint in the Indian defence sector, has got cracking on its ambitious plans. The company today announced a 51:49 joint venture with Europe‘s MBDA Missile Systems with an eye on Rs. 10,000 revenues from the defence sector by 2021.
VE Commercial Vehicles today reported 19.8 percent rise in total sales in January at 4,515 units as compared to 3,768 units in the same period last year.