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Sona Koyo sells entire stake in European component JV Fuji Autotech for $11M

Manufacturing

21 November, 2013

Sona Koyo sells entire stake in European component JV Fuji Autotech for $11M

Sona Koyo Steering Systems Ltd has sold its entire stake in Fuji Autotech Europe SAS to the overseas partner Fuji ......

Elephant Capital part exits Mahindra Forgings with over 50% haircut

Manufacturing

05 November, 2013

Elephant Capital part exits Mahindra Forgings with over 50% haircut

AIM-listed and India-focused private equity firm Elephant Capital has part exited its six-year-old investment in Mahindra Forgings Ltd by participating ......

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Raymond looking to sell stake in engineering tools unit JK Files

Manufacturing

17 October, 2013

Raymond looking to sell stake in engineering tools unit JK Files

Apparel maker Raymond Ltd, whose brands include Park Avenue and Colorplus, is looking to sell stake in its unit involved ......

Voltas buys remaining 16.33% stake in Rohini Industrial Electricals

Manufacturing

15 October, 2013

Voltas buys remaining 16.33% stake in Rohini Industrial Electricals

Voltas Ltd, an engineering projects company of Tatas, has acquired the remaining 16.33 per cent stake in Rohini Industrial Electricals ......

Rural utility vehicles maker Evomo raises funding from IIM-A's business incubator CIIE

Manufacturing

07 October, 2013

Rural utility vehicles maker Evomo raises funding from IIM-A's business incubator CIIE

Ahmedabad-based rural transportation manufacturer, Evomo Research & Advancement Pvt Ltd, has secured an undisclosed amount in funding from IIM Ahmedabad’s ......

Saif Partners-backed Pennar Industries buys assets of Wayne-Burt PetroChemicals

Manufacturing

07 October, 2013

Saif Partners-backed Pennar Industries buys assets of Wayne-Burt PetroChemicals

Saif Partners-backed Pennar Industries Ltd has acquired the assets of  Wayne-Burt Petro Chemicals Pvt Ltd (earlier Bailey Hydropower Pvt Ltd), ......

Ashok Leyland sells automotive testing solutions unit to UK-based Exova Group

Manufacturing

03 October, 2013

Ashok Leyland sells automotive testing solutions unit to UK-based Exova Group

Hinduja Group’s commercial vehicle company Ashok Leyland has sold its automotive testing solutions unit Defiance Testing and Engineering Services (DTE) ......

BGR Energy Systems elevates A Swaminathan as CEO

Manufacturing

26 September, 2013

BGR Energy Systems elevates A Swaminathan as CEO

Engineering firm BGR Energy Systems has announced key changes in its top management close to two months after its founder ......

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Emerson acquiring Virgo Valves for over $400M

Manufacturing

30 September, 2013

Emerson acquiring Virgo Valves for over $400M

Diversified American engineering firm Emerson, which manufactures industrial controls, power supplies and home-storage equipment, has signed a deal to acquire ......

Global Environment Fund invests $12M in Nashik's Rishabh Instruments

Manufacturing

24 September, 2013

Global Environment Fund invests $12M in Nashik's Rishabh Instruments

South Asia Clean Energy Fund (SACEF), an SME fund managed by clean technology investor Global Environment Fund (GEF), has invested ......