Minda enters JV with Chinese company

Minda Corporation said it has agreed to set up a fifty fifty joint venture with Shandong Beiqi Haihua Automobile Parts at a cost of $12.5 million. Other details of the agreement, including the location, were not revealed. The agreement was entered via Minda German subsidary,...

Adani Enterprises denies ending SunEdison deal

Adani Enterprises said its deal with US-based solar manufacturer SunEdison is still continuing, and no decision has been taken to annul it. The clarification came after widespread media reports that Adani Enterprises has canceled their agreement and the Indian company was on the lookout for...

Posco, Uttam Galva to set up JV in Maharashtra

Shree Uttam Steel and Power Ltd, a part of Uttam Galva Group and POSCO Korea, today signed a Memorandum of Agreement to set up an integrated steel manufacturing facility under a Joint Venture arrangement in India. The agreement was signed in Mumbai today. The memorandum...

Shoppers Stop to sell clothes via Snapdeal

Shoppers Stop, one of India’s oldest organized retailer, has tied up with Snapdeal, One of India’s largest online marketplaces, to sell its merchandise through a flagship Shoppers Stop store on the online portal. “This partnership will leverage Shoppers Stop’s unparalleled brand assortment and Snapdeal’s pan...