Investment News – Feedback

Investment News

Adient India has entered a joint venture (JV) with Arvind to develop, manufacture and sell automotive fabrics in India. JV will be known as Adient Arvind Automotive Fabrics and have its manufacturing base in Ahmedabad, Gujarat. Adient will hold majority stake in the JV with a 50.5%.

Dairy products manufacturer Ananda today said it plans to invest Rs 10 crore to launch about 150 stores in Kanpur by financial year 2018-19, as part of its Rs 500 crore investment committed in Uttar Pradesh. Ananda today unveiled two company owned company operated (COCO) stores, in addition to the six already present in the […]

Godrej Aerospace, a unit of Godrej & Boyce, has bagged Rs 200 crore from Rolls-Royce spread over the next five years. As part of the contract, Godrej will manufacture unison rings, complex fabrication and external brackets which will supply as many as 600 different parts to various Rolls-Royce civil aerospace engine portfolio. Apart from this, […]

Arcelor-Mittal has confirmed plans to participate in the fresh round of bidding for Essar Steel, confident that it would be an eligible contender regardless of the verdict on its initial offer. “We have not received any formal notification from the resolution professional, but we can confirm it is our intention to participate in a rebid,” […]

Coal India (CIL) has plans to set up plants for coal gasification in order to promote environment-friendly uses of coal. CIL has also formed a joint venture (JV) company along with namely Rashtriya Chemicals and Fertilizers (RCF), GAIL and Fertilizer Corporation of India (FCIL); Talcher Fertilizers to set up a coal-based ammonia-urea plant at Talcher, […]

China has become synonymous with cheap goods in India. But that can change soon. From cheap toys and phones that gave Indian manufacturers a run for their money, Chinese companies have now started rushing into the Indian automobile sector. A few days ago, Chinese auto maker SAIC Motor said it would invest over Rs 5,000 […]

Mahindra Group and Ford Motor Company will jointly develop midsize and compact sports utility vehicles and a small electric vehicle as part of several initiatives announced Thursday between the two companies. 2 companies signed five new memoranda of understanding (MoU) as part of the strategic alliance forged in September 2017 to accelerate the development of […]

Aurionpro Solutions has secured Rajasthan Government’s innovative project for designing and developing the nation’s very first ‘3D City’ model for the city of Jaipur, including the city’s 3D maps. Value of the project is over Rs 180 crore. The company will deploy Dassault Systèmes 3DEXPERIENCE platform. Rajasthan will be the first state in the country […]

Indian arm of the Japanese Kobelco Group, Kobelco Construction Equipment India, has recently started work on the expansion of its manufacturing facility in Sri City in the downstream south at an investment of Rs.75 crore, Director and Senior Managing Executive Officer, Kobelco Construction Machinery, Akira Kinoshita, said, elaborating that currently the plant has an annual […]