Page 5 - Joint Ventures In India

France's Total Energies to invest $300 mn to form JV with Adani Green

First public deal between oil giant and Indian conglomerate since a short-seller leveled fraud allegations against the latter

Top headlines: Modi-Biden bilateral meet ahead of G20, Adani's JV, and more

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Adani forms JV with Kowa Holdings for green ammonia, H2 marketing

Adani Group's earlier stated timeline to start green hydrogen generation is the end of the calendar year 2025 or the start of 2026

Reliance Retail to buy 51% stake in Alia Bhatt's kids wear brand Ed-a-Mamma

RRVL reported a consolidated turnover of Rs 260,364 crore ($ 31.7 billion) and net profit of Rs 9,181 crore ($ 1.1 billion) for the year ended March 31, 2023

BlackRock to enter India's asset management sector with Jio Financial JV

Move marks re-entry of world's largest asset manager in domestic market

BlackRock to enter India's asset management sector with Jio Financial JV

JFS and BlackRock are targeting initial investment of $150 million each in the joint venture

Foxconn-Vedanta JV split credit negative for UK mining firm: CreditSights

CreditSights had previously expected a "minimal credit impact" on Vedanta Resources based on the old arrangement, as Volcan, Vedanta's holding entity was undertaking the semiconductor investments

Top headlines: Disney explores option for India biz, veggie prices soar

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Disney exploring strategic options for its India biz including JV, and sale

The company has talked to at least one bank about ways to help the India business grow, while sharing some of the costs, according to the report

Foxconn to apply for India chipmaking incentives after $19.5 bn JV pullout

"Foxconn is committed to India and sees the country successfully establishing a robust semiconductor manufacturing ecosystem," the company said

With Vedanta JV facing hurdles, Foxconn reaches out to other companies

Foxconn has already held informal discussions with a few companies to explore a potential partnership, including 'two large domestic corporate groups'

Indo-German JV launches its first satellite on SpaceX Falcon 9 rocket

Azista BST aims to mass manufacture satellites in India for the global market

TWE Group GmbH, Obeetee Textiles set up strategic JV for nonwovens

Partnership will aim to substitute imports in important sector for India, say companies

PG Electroplast forms joint venture with Jaina Group to manufacture LED TV

PG Electroplast Ltd, a contract manufacturer in the consumer electronics and appliances space, would set up a joint venture (JV) which will initially undertake ODM manufacturing of Google-certified LED televisions. The JV will have an option later to expand the partnership to include products like refrigerators, IT hardware, wearables, and hearables, said a joint statement on Monday. "Post the execution of mutually acceptable agreements by the parties, the JV Company will be 50 per cent owned by PG Electroplast & 50 per cent owned by Jaina Group," it said. Jaina Group owns and operates four brands of Karbonn, Gionee, Sansui, and Sens, and it is among three Google ODM licensees. Commenting on the development Jaina Group Founder and Managing Director Pardeep Jain said: "This partnership will strengthen India's electronics manufacturing industry & contribute towards the goal of an Atmanirbhar Bharat. With PGEL's manufacturing pedigree & our deep experience in consumer ...

Greenply Industries to enter into a joint venture agreement with Samet BV

The company to invest around Rs 34 crore in joint venture over the next 4 years

Reliance Retail enters JV with Circle E Retail for toy manufacturing

Reliance Retail, the country's leading retailer which owns iconic British toy brand Hamleys and home-grown toy brand Rowan, has entered into a joint venture with a Haryana-based firm for local manufacturing to meet the growing demand. The company has entered into a joint venture with Sonipat, Haryana-based Circle E Retail to vertically integrate its toy business. "We also had a JV with Circle E retail for toy manufacturing for vertical integration for our toys retailing business," said Reliance Retail CFO Dinesh Taluja during an earnings call last week. The company is now working on a strategy of integrating processes from design to shelf, according to industry sources. Under this, Reliance Retail would have control over the entire aspects of the toy ecosystem, right from designing and manufacturing to retailing of the product. This will also help Reliance reduce dependency on third-party manufacturers in phases. This new venture will cater for both the toys brands - Hamleys and

Zerodha forms joint venture with Amazon-backed Smallcase for AMC operations

Brokerage house Zerodha on Wednesday said it has formed a joint venture with Amazon-backed wealth management firm smallcase to build an asset management company. The capital markets regulator Sebi's approval has already been received for setting up the joint venture. "While awaiting the final approval of our AMC (mutual fund), we asked if we should build it ourselves or collaborate. Given the 6+ years of experience that @smallcaseHQ has in building investment products, it made perfect sense to create a joint venture (JV) to build the AMC," Nithin Kamath founder and CEO of Zerodha tweeted. He, further, announced that smallcase will help Zerodha in building simple low-cost passive mutual fund products for investors. In September 2021, Zerodha received in-principle approval from Sebi to set up an asset management company. This came after the company applied for a licence to start mutual fund operations in February 2020. The brokerage house is now awaiting final approval from the Se

Edtech firm PhysicsWallah announces joint venture with Utkarsh Classes

Edtech firm PhysicsWallah has inked a long-term agreement to form a joint venture with Jodhpur-headquartered Utkarsh Classes, according to a statement. With this venture, the companies plan on leveraging each other's core competencies to deliver value-adding education across all examinations and jointly make a foray into new exam categories. PhysicsWallah Founder and CEO Alakh Pandey, said, Our collaboration will help us better serve students across India and make their learning experience more enriching. Both companies have a strong digital presence and operate multiple YouTube channels for various exam categories. Utkarsh Classes has over 11 million subscribers on its main channel on YouTube, and PhysicsWallah has more than 9.7 million subscribers on its main channel. Further, both companies cater to over 1 crore students each on their apps. Founder and CEO of Utkarsh Classes, Nirmal Gehlot noted that founders of both companies come from a humble background, and understand the .

CPP Investments anchors new IndoSpace fund with $205 mn investment

Investment will add an additional 25-30 million square feet to real estate firm's portfolio

To bring iPad manufacturing to India, govt may allow Chinese JVs: Report

Several global companies are exploring a China Plus One strategy to avoid supply chain bottlenecks as the world's second largest economy grapples with a surge in COVID-19 infections