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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The Indian auto parts manufacturer will invest $12 million for a 60% stake in the venture with local partner Jinnaite Machinery.
Automotive components manufacturer Sona BLW Precision Forgings is making an entry into China’s expanding electric vehicle market through a $20 million joint venture with local partner Jinnaite Machinery (JNT).
The Gurugram-based company, which trades as Sona Comstar, announced on Sunday that it will invest $12 million for a 60% stake in the venture, while JNT will contribute $8 million in assets and business operations. Operations are expected to begin in the second half of this fiscal year with the production of driveline systems and components, aiming to combine Sona's precision engineering expertise with JNT’s proficiency in casting and molding.
The …
As the smart fan maker gears up for an IPO, prospective investors could do with some clarity on what the company’s next phase of growth will look like.
Chinese diplomats to India are saying all the right things for Indian ears, but Beijing’s policy actions are moving in the opposite direction.
The food and FMCG giant is set to be put into provisional liquidation. Abu Dhabi’s IHC and Emaar founder Mohamed Alabbar are now eyeing it.
