Addressing concerns over the Allianz-Jio reinsurance JV, Goyal said Allianz intends to continue its partnership with Go Digit, and the existing contract allows no mid-term changes, Goyal says
Jio has agreed to form a joint venture with BlackRock Inc for "undertaking wealth business, including incorporation of a wealth management company and subsequent incorporation of a brokerage company in India."
While the specifics of RIL's role are yet to be finalized, the conglomerate is expected to play a significant part in establishing the manufacturing unit and supporting ecosystem for Tesla in India.
The terminal will have the capacity of 62,000 metric tonnes capacity and is expected to enhance the storage capacity and distribution capabilities for LPG in India
This follows the binding agreement announced between AGEL and TotalEnergies in September 2023. The JV houses the 1,050 MW portfolio comprising a mix of already operational (300 MW), under construction (500 MW), and under development assets (250 MW) with a blend of both solar and wind power projects in India.
The JV will invest in the project as per their capacity of holding and complete the said project within the decided timeline", RPP infra said in an exchange filing on July 17.
Foxconn and Vedanta had previously entered into an agreement last year to establish semiconductor and display manufacturing facilities in Gujarat.
Both Vedanta and Foxconn have no previous experience in manufacturing semiconductors and the success of the JV was hinged on getting a technology partner
Adani Enterprises said on Friday that its joint venture with private data center operator EdgeConneX has raised $213 million to fund its under-construction data center.
Hyundai and partner SK On, a battery unit of SK Innovation Co Ltd, will set up a new battery manufacturing plant in the state of Georgia, the companies said, formalising an earlier provisional agreement.
The Indian government is open to letting Chinese companies enter the country's high-tech electronics sector should they set up manufacturing plants in tie-ups with local companies, the Economic Times newspaper reported on Wednesday, citing officials who declined to be named.
Reuters reported earlier that VW planned a significant investment in a joint venture in the country for software production.
The site, which Toyota runs with Chinese automaker FAW Group, was shut on Jan. 10 for 11 days, the Beijing-based spokesperson told Reuters on Monday. The plant was shut due to the impact on suppliers of mandatory COVID-19 testing of city residents.
Operational as HCIPL, the entity combines the Very Small Aperture Terminal (VSAT) businesses of both companies to offer flexible and scalable enterprise networking solutions using satellite connectivity for primary transport, backup, and hybrid implementation, according to a statement.
"Amazon will acquire Catamaran’s shareholding in Prione in compliance with applicable laws including all assets and liabilities," the two companies said in a joint statement on December 22.
The stake sale discussion comes after Ford's failure to make 'meaningful inroads' in India despite spending over 20 years
JK Paper today said that it has exited from its JV, Oji JK Packaging Private Ltd, by selling its share to Japan-based Oji Holdings Corporation
In an exclusive interview with Housing News, Neeraj Bansal, partner – real estate and construction, KPMG India, maintains that the opening up of the Indian real estate sector to global investors, will usher greater R
Mahindra & Mahindra today said one of its arms has formed a joint venture with state-owned MSTC for scrapping of old automobiles and other white goods.
The joint venture has emerged as the lowest bidder for the development of the project.
The Northern Coalfields (MP) has declared the Dilip Buildcon's JV DBL-DECO as the successful bidder for a project of Rs 1469.84 crore.
Future Group food and FMCG arm Future Consumer Ltd has formed a 50:50 joint venture with the UK's largest wholesaler, Booker Group, to expand and develop Booker India.
JSW Cement, part of the USD 11 billion JSW Group, on Monday said it plans to complete expansion of its capacity to 17 million tonnes (MT) by April 2018 and has entered into a joint venture with Australian firm Wagners to launch and promote earth-friendly concrete (EFC) in India.
Following last year's failed attempts by Malvinder Singh and Shivinder Singh to sell stake in financial services group Religare Enterprise of which they are promoters, the brothers are reportedly in talks to sell Religare Invest, according to a story in The Economic Times.