Mitsubishi

Mitsubishi buys stake in KIS Group Indonesia to enter global biogas market

Japan's Mitsubishi Corporation has acquired a minority stake in KIS Group's Indonesia operations, marking its entry into the global biogas business, KIS Group said on Wednesday. KIS Group, founded by K R Raghunath in 2006, plans to invest about USD 1 billion in renewable gas and biofuel projects across Southeast Asia and India by 2030, it said in a press statement. In the statement, KS Group said, "Mitsubishi Corporation, one of Japan's largest global integrated business enterprises, has acquired a minority equity stake in its Indonesia operations. This investment marks Mitsubishi Corporation's first entry into the global biogas market." Without giving financial details as well as the percentage of stake acquired, KIS said that with Mitsubishi's backing, it aims to expand to North and South America and Europe within five years. The partnership will focus on co-developing and commercialising advanced biogas, BioCNG, and BioLNG technologies, leveraging Mitsubishi's global network acr

Mitsubishi Corp buys stake in India's KIS Group, debuts into biogas segment

KIS Group aims to invest $1 billion across renewable gas and biofuel solutions in Southeast Asia and India by 2030

Mitsubishi Heavy to double gas turbine capacity as global demand surges

The decision comes at a time when demand for gas turbines has increased globally, due to the proliferation of data centers, new manufacturing and continued electrification

Adani Group in talks with MUFG to raise $250 million via offshore loans

Two units of Adani Group are in advance talks to raise about $250 million from Mitsubishi UFJ Financial Group through separate bilateral offshore loans, according to people familiar with the matter

Kanakia, US-based Hines, Japanese firms partner for $1 bn project in Mumbai

Consortium will develop a premium office project in Mumbai's Bandra Kurla Complex, India's costliest office hub

Aditya Birla Real Estate Q4 results: Incurs ₹131 cr loss, revenue down 43%

ABRE reports ₹131 crore loss in Q4FY25 versus profit a year ago; revenue fell 43% YoY, but full-year revenue rose 35%; five launches and ₹8,000 crore in bookings

Birla, Mitsubishi Estate ink JV to invest Rs 560 cr in new housing project

Aditya Birla Real Estate Ltd arm Birla Estates has entered into a joint venture with Mitsubishi Estate Co Ltd (MEC) and will invest Rs 560 crore to develop a housing project in Bengaluru. Birla Estates Pvt Ltd has entered a joint venture with Mitsubishi Estate Co Ltd for a Rs 560 crore investment in a residential housing development in Southeast Bengaluru through a special purpose vehicle (SPV). Under the partnership, Birla Estates and MJR Investment Pte Ltd (MIPL), an affiliate of MEC, will share 51:49 economic interest, respectively, in the SPV. The SPV will lead the development of the premium residential project, which spans 40 lakh square feet of built-up area. KT Jithendran, MD & CEO of Birla Estates, said, "We are pleased to announce our strategic collaboration with Mitsubishi Estate, marking its maiden investment in India's residential real estate sector, to develop premium residential project". Birla Estates develops premium residential housing in key markets. The company

Blackstone, Bain to bid for Mitsubishi pharma unit in up to $3.5 bn deal

Mitsubishi Chemical has hired Goldman Sachs to run the sale process and binding bids are due on Dec. 24, the sources said

MUFG bullish on India, seeks M&A deals to drive growth, expand presence

The goal for Japan's largest lender is to push up its buyouts and investment in India

Mitsubishi Electric Group firm to invest Rs 400 cr in Karnataka plant

Bangaluru-headquartered Climaveneta Climate Technologies (CCT), a Group company of Japanese multinational Mitsubishi Electric, is investing Rs 400 crore in its state-of-the-art plant at Narsapura in Kolar district, its CEO Anil Dev said on Thursday. He said the plant would be inaugurated on Friday. We are investing Rs 400 crore at our Narsapura plant. Presently we are having an order booking of over Rs 500 crore, as we target to double the annual order intake in next five years, Dev said. "The plant will manufacture central air-conditioning equipment such as Screw Chillers, Magnetic Levitation Technology Chillers, Scroll Chillers, Conventional Centrifugal Chillers, High Precision AC units, Heat Pumps, for HVAC application, he said at a press conference. According to him, CCT serves major clients all over India, including multinational hotel chains, healthcare establishments, malls, multiplexes, commercial projects of leading developers and corporate groups. Presently the company h

RBI cracks down on shadow banks over high-interest loans, rule violations

The Reserve Bank of India ordered four shadow banks to stop sanctioning new loans because of high interest rate charges to customers

TVS Mobility, Mitsubishi Corp sign deal for employee exchange programme

MC Japan will host employees from TVS Mobility and train them in automotive and mobility sectors

Mitsubishi CEO says weak yen hurting economy, poses risks to deals abroad

The yen has slid to 34-year lows this year as the Bank of Japan keeps interest rates low, causing investors to buy higher-yielding currencies

Mitsubishi to enter Indian car market with over 30% stake in TVS Mobility

Leveraging TVS Mobility's existing network of approximately 150 outlets, the new venture will also establish dedicated stores for each car brand

Chennai tribunal gives split verdict over GST on salaries to expats

The issue dealt with by Cestat was limited to the question of valuation and arriving at the taxable value and not the taxability of the transaction

Nike, Mitsubishi struggle to get Indian certification for Chinese vendors

Nike, Mitsubishi, and Carrier, among others, are having difficulty obtaining Bureau of Indian Standards (BIS) certification for their vendor factories in China

Essar Oil UK selects Mitsubishi as technology licensor for carbon capture

Essar Oil UK Limited (EOUK) on Friday said it has selected Mitsubishi Heavy Industries Ltd as technology provider for the development of the required basic engineering design package for its new EET Industrial Carbon Capture facility based at Stanlow, UK. This is a leading use of carbon capture technology, associated with a fluid catalytic cracker within refineries globally. "Following a detailed due diligence process, technology provider MHI has been selected for the carbon dioxide capture process section of the plant. Once captured, the carbon dioxide will be permanently sequestered into depleted gas fields under the sea in Liverpool Bay, as part of the HyNet cluster in the North West of England," the company said in a statement. Essar had announced the proposed construction of the EET Industrial Carbon Capture plant at the Stanlow Refinery in November 2022. Participating in the Cluster Sequencing Track One Expansion process, the company plans for the facility to be operational i

Mitsubishi, Tesla, Ola Electric to bid for India's lithium reserves

Automakers appear to be at the forefront of bidders for the recently uncovered lithium reserves in the Jammu and Kashmir region

Japan's Mitsubishi Electric to build plant in Tamil Nadu for $231 million

The Indian arm of Japan's Mitsubishi Electric Corp said on Tuesday that it will invest 18.91 billion rupees ($231.2 million) to set up a manufacturing facility in the southern state of Tamil Nadu

Japan's Mitsubishi, energy body join Gates' nuclear project

The memorandum of understanding signed Wednesday calls for cooperation in developing advanced nuclear technologies