Malyaban Ghosh
Stories by Malyaban Ghosh
Companies in India raise capital on fears of third wave
The trend is more visible in consumer-facing sectors such as civil aviation, tourism, retail and automobiles.
India: CarDekho seeks to raise funds to expand its used car retail biz
CarDekho won’t appoint dealers and the showrooms will be operated by the company, said CEO Amit Jain.
Elon Musk’s Tesla registers subsidiary in India, names three directors
The India entity is registered in Bengaluru.
Jet Airways may restart domestic, international ops by mid next year
The new management of the grounded airline has also reached out to top executives in the aviation sector to run daily operations.
India: CK Birla Group’s NEI buys Slovakian auto parts maker Kinex Bearings
The deal includes two production plants in Slovakia, with capability to produce bearings for various sectors.
Businessmen Munjal, Kothari in talks to buy 10% each in India’s Yes Bank
Kothari’s family office has appointed Mumbai-based Arpwood Capital as the banker-cum-adviser for the deal.
Toyota, Suzuki to set up JV for vehicle recycling business in India
The joint venture will set up the first vehicle dismantling unit in Noida with a capacity to handle 2000 vehicles per month.
State-owned EESL mulls IPO to bankroll energy efficiency programmes
The company is a joint venture set up by four state-run companies in the power sector.
India: Airtel explores options to sell tower business to PE funds
Airtel currently holds 53.51% in Bharti Infratel. The remaining stake is held by domestic and foreign investors.
Toyota, Suzuki form capital alliance to develop autonomous vehicle technology
Toyota will purchase 4.94% shares of Suzuki Motor Co worth 96 billion Japanese yen, the latter will buy shares worth 48 billion yen in the former.
