Joint Ventures In India

M&M, Manulife to form life insurance JV with ₹7,200 crore investment

Each partner commits to invest Rs 1,250 cr in the first five years of new venture

Mahindra, Manulife to set up 50:50 JV for life insurance in India

The JV aims to offer long-term savings and protection solutions tailored to the diverse and growing needs of India's population, in line with India's 'insurance for all' vision by 2047

Ester-Loop JV signs pact with Nike for supply of sustainable material

Ester Loop Infinite Technologies, a joint venture of Ester Industries and Canada-based Loop Industries, on Monday announced that it will supply sustainable materials to athletic footwear and apparel brand Nike as part of a multi-year agreement. Under the agreement, Loop will supply Twist, its virgin-quality circular polyester resin made exclusively from textile waste, establishing Nike as the anchor customer for the Infinite Loop India manufacturing facility which is being constructed in partnership with Ester Industries, a statement said. "Nike has signed on as the anchor customer for the Infinite Loop India manufacturing facility multi-year offtake agreement secures supply of Twist, Loop's branded, virgin-quality polyester resin made exclusively from textile waste," it said. Loop's Twist resin, a verifiable textile-to-textile solution, will be used to reduce the usage of virgin and recycled flake polyester across Nike's product lines. "Our agreement with Loop Industries marks a .

Reliance, Meta announce AI joint venture in India, to invest ₹855 crore

Reliance Intelligence will own 70 per cent and Facebook 30 per cent in the new AI venture, with both firms together investing about ₹855 crore to develop and expand enterprise AI services in India

IHCL, Ambuja Neotia plan joint hospitality investments beyond Bengal

Leading hotel chain Indian Hotels Company Limited (IHCL) and Kolkata's Ambuja Neotia Group are exploring the possibility of expanding their strategic partnership beyond management contracts into joint investments in hospitality projects, senior executives from both companies said on Friday. The development marks a deepening of their existing relationship, with IHCL currently managing six of Ambuja Neotia's properties and another 7-8 in the pipeline across various locations. In July, IHCL had announced the signing of an additional 15 hotels with the group, slated for development over the next three years. IHCL Managing Director and Chief Executive Officer Puneet Chhatwal said the company is looking at joint investment opportunities with Ambuja Neotia Group. He noted that while the group's preference has traditionally been West Bengal, it is now showing readiness to explore projects in neighbouring regions. He added that IHCL has several projects available for collaboration if the grou

Aavishkaar Group, Jamwant launch Rs 500-cr fund for defence, deep tech

Aavishkaar Group and Jamwant Ventures have launched a Rs 500-crore fund to invest in defence and deep-tech startups, targeting 15-25 companies at seed and Series A stages

Optiemus Infra, Ordinary Theory form joint venture for enterprise hardware

Electronics manufacturing services firm Optiemus Infracom and Ordinary Theory LLC USA have announced to set up a joint venture for manufacturing, market development, and sales of smart enterprise hardware and integrated industrial solutions, a regulatory filing said on Tuesday. The joint venture will focus on creating smart enterprise hardware solutions spanning payments, retail, logistics, and AI. This partnership with Ordinary Theory LLC excites us as it will help us further strengthen our world-class manufacturing capabilities for Smart Enterprise Hardware & Industrial Solutions of today and tomorrow. These products will also support the rapidly growing fintech, logistics, retail and AI space, where we aim to play a pivotal role, Optiemus Infracom, Chairman, Ashok Kumar Gupta said in a statement. Optiemus will own a majority stake in the joint venture. "We are delighted to join hands with Optiemus, a recognised leader in India's electronics manufacturing sector. Together, we ...

Dhruva Advisors, Ryan form joint venture after majority stake acquisition

Dhruva Advisors has partnered with global tax services firm Ryan, which has acquired a majority stake in the Indian advisory to expand tax services in India and overseas

Indian Oil Corp in talks with Vitol for oil trading joint venture: Report

State-run company is expanding the capacity of its three refineries to raise crude processing by 346,000 bpd over the next two years and also plans to build a 180,000 bpd refinery in southern India

When Swraj Paul met Maruti's R C Bhargava, setting stage for India foray

Bhargava said he (Paul) and his team decided to bring themselves as a JV partner and Caparo Maruti was born in 1994

JSW Sarbloh Motors forms JV with Tomcar USA to make ATVs locally in India

JSW Group firm JSW Sarbloh Motors on Thursday said it has formed a joint venture with Tomcar USA for local production of the TX range of all-terrain vehicles in India. Phoenix, Arizona-based Tomcar is a manufacturer of high-performance all-terrain vehicles (ATVs) designed for military, commercial, and industrial operations. Under the joint venture, JSW Sarbloh Motors will indigenise, manufacture, assemble, and support the Tomcar TX range at its facility in Chandigarh, said JSW Sarbloh Motors, an arm of JSW Defence Pvt Ltd, in a statement. The first India-assembled TX units are expected to roll out by early 2026, with field trials and demonstrations planned for multiple defence and paramilitary agencies in the coming months, it added. The strategic joint venture between JSW Sarbloh Motors and Tomcar USA marks a significant milestone in the group's commitment to enhancing India's defence capabilities, Parth Jindal of the JSW Group said. "The TX platform is designed to meet the rigor

JSW, Posco sign agreement to set up 6 MTPA steel plant in Odisha

Odisha being considered as a potential site; final terms of the agreement are subject to feasibility and approvals

Schneider to buy remaining 35% stake in India JV at €5.5 bn valuation

French electric equipment maker will acquire Temasek's stake, gaining full ownership and expanding its India operations

Dixon gets govt nod for JV with China's Longcheer, to form Dixtel Infocomm

The Dixon-Longcheer joint venture will manufacture smartphones, smartwatches, AI PCs and more; Dixon will hold a 74 per cent stake, while Longcheer will own the remaining 26 per cent

Jio Financial, Allianz to launch reinsurance JV in India with 50-50 stake

The 50-50 venture combines Jio's local digital footprint with Allianz's global underwriting and reinsurance capabilities, the companies said in a statement late Friday

Kinetic-Tonino Lamborghini JV eyes 10% of global golf cart market

Kinetic Green and Tonino Lamborghini launch India-based JV to export e-carts, aiming for 10% global market share, $1 bn turnover and innovation in driverless tech

Tata AutoComp, Skoda form joint venture to enter rail components business

New co to make rolling stock parts via multi-million euro investment in India

Tata AutoComp, Skoda Group form JV to make rail propulsion systems in India

Tata AutoComp and Skoda Group form a joint venture to manufacture propulsion systems and components for trains, metros, and light rail vehicles, with production based in India

Cooper Corp forms JV with Japan's Sinfonia Tech to manufacture LPG gensets

The latest emission norms (CPCB IV+)-compliant co-branded product will be jointly marketed across India and exported globally, Cooper Corporation said

Reliance Infra, Coastal Mechanics tie up to tap India's defence MRO sector

According to a statement by Reliance Infrastructure, the partnership will focus on lifecycle support for a range of platforms used by the Indian Armed Forces