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Clearwater Capital sheds over half its stake in Jamna Auto for $11.5M

Engineering

07 December, 2015

Clearwater Capital sheds over half its stake in Jamna Auto for $11.5M

Private investment firm Clearwater Capital Partners has part-exited its nine-year-old investment in Jamna Auto Industries Ltd, selling more than half ......

Volkswagen recalls 3.23 lakh vehicles in India

Manufacturing

01 December, 2015

Volkswagen recalls 3.23 lakh vehicles in India

Germany's Volkswagen Group today announced recall of 3,23,700 vehicles across its three brands -- Audi, Skoda and Volkswagen -- in ......

Germany's Durr buys Chennai-based Mhitraa Engineering

Manufacturing

20 November, 2015

Germany's Durr buys Chennai-based Mhitraa Engineering

German mechanical and plant engineering firm Durr Group has acquired Chennai-based Mhitraa Engineering Equipment as part of expansion of its ......

Boeing in JV with Tatas to make aerostructures in India

Manufacturing

09 November, 2015

Boeing in JV with Tatas to make aerostructures in India

Boeing Co and Tata Advanced Systems Ltd have agreed to float a joint venture to make airframe parts for the ......

Gammon to sell 75% stake in T&D unit to Bilav Software

Manufacturing

29 October, 2015

Gammon to sell 75% stake in T&D unit to Bilav Software

Mumbai-headquartered engineering and construction company Gammon India Ltd has agreed to divest 75 per cent equity stake in Transrail Lighting ......

Tesla may set up Gigafactory in India, says Musk

Manufacturing

27 October, 2015

Tesla may set up Gigafactory in India, says Musk

Tesla Motors founder Elon Musk has hinted at the possibility of the electric-car maker setting up a Gigafactory in India ......

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ReGen Powertech eyes funding; PE backers may exit

Manufacturing

12 October, 2015

ReGen Powertech eyes funding; PE backers may exit

Chennai-based wind turbine and solar inverter manufacturer ReGen Powertech Pvt Ltd is in talks to raise fresh funding from both ......

M&M inks deal to sell majority stake in Swaraj Automotive

Manufacturing

17 October, 2015

M&M inks deal to sell majority stake in Swaraj Automotive

Homegrown auto major Mahindra & Mahindra has sold its entire 71.19 per cent stake in Swaraj Automotives Ltd (SAL) for ......

Actis exits from Phoenix Lamps with loss

Manufacturing

12 October, 2015

Actis exits from Phoenix Lamps with loss

Private equity firm Actis has exited public listed automotive lighting company Phoenix Lamps Ltd by selling its remaining stake to ......

Nalanda Capital invests in ELGI Equipments

Manufacturing

08 October, 2015

Nalanda Capital invests in ELGI Equipments

Singapore-based Nalanda Capital that has built a large portfolio with investments in publicly traded companies in India but had gone ......