Joint Ventures In India

Edtech firm PhysicsWallah has inked a long-term agreement to form a joint venture with Jodhpur-headquartered Utkarsh Classes, according to a statement. With this venture, the companies plan on leveraging each other's core competencies to deliver value-adding education across all examinations and jointly make a foray into new exam categories. PhysicsWallah Founder and CEO Alakh Pandey, said, Our collaboration will help us better serve students across India and make their learning experience more enriching. Both companies have a strong digital presence and operate multiple YouTube channels for various exam categories. Utkarsh Classes has over 11 million subscribers on its main channel on YouTube, and PhysicsWallah has more than 9.7 million subscribers on its main channel. Further, both companies cater to over 1 crore students each on their apps. Founder and CEO of Utkarsh Classes, Nirmal Gehlot noted that founders of both companies come from a humble background, and understand the .

Investment will add an additional 25-30 million square feet to real estate firm's portfolio

Several global companies are exploring a China Plus One strategy to avoid supply chain bottlenecks as the world's second largest economy grapples with a surge in COVID-19 infections

ArcelorMittal and Nippon Steel, has embarked on an expansion that includes increasing capacity at its existing location, Hazira in Gujarat, and setting up new plants in Odisha

Auto component maker Steel Strip Wheels Ltd on Tuesday said it has entered into a pact to form a joint venture with Israel's Redler Technologies for development, manufacturing and sales of motion controllers for electric vehicles in India. The two companies have signed a memorandum of understanding for the same and will collaborate on EV controllers for two-, three- and four-wheelers, Steel Strip Wheels Ltd said in a regulatory filing. The association will synergise the company's manufacturing capability, large consumer access and strong Indian presence with Redler's access to advanced technology, it added. While Steel Strip Wheels is an automotive wheel maker, Redler is into design, development and production of servo motion control systems, intelligent circuit breakers and power distribution systems, the filing said.

Eligible companies under the PLI scheme say they are unable to meet their production targets because of supply chain challenges

The new JV, in which GIC is an 80% owner, is an extension of an existing partnership between the entities in the country.

Officials added that any proposal for a JV could be considered if that leads to the growth of the electronics manufacturing ecosystem in India

The development comes at a time when Cloudtail, once the largest seller on Amazon's India marketplace, shut operations on the e-commerce platform as a seller this year amid regulatory pressure

'Air India already has scale... we are not doing this from scratch. We are doing this from a running start', said Wilson

State-owned SJVN on Monday said its arm SJVN Green Energy and Assam's power distribution company APDCL have inked a pact to form a joint venture to set up 1,000 MW floating solar projects worth Rs 6,000 crore in Assam. Nand Lal Sharma, Chairman & Managing Director, SJVN, informed in a statement that a Memorandum of Understanding (MoU) has been signed between SJVN's wholly-owned subsidiary SJVN Green Energy Ltd (SGEL) and APDCL (Assam Power Distribution Company Ltd) in Guwahati. According to the statement, the MoU has been inked for developing 1,000 MW floating solar power projects in Assam by incorporating a joint venture company in the presence of the state chief minister Himanta Biswa Sarma. The MoU was signed by Sharma and APDCL managing director Rakesh Kumar. Sharma said that the project will generate 2,192 million units in the first year after commissioning, and around 50,425 million units cumulative energy will be generated over 25 years. An investment of Rs 6,000 crore will

Realty firm Mahindra Lifespace Developers Ltd on Thursday announced a joint venture with Actis to develop industrial and logistics facilities with an initial investment of Rs 2,200 crore. Actis is a global investment firm. In a regulatory filing, Mahindra Lifespace informed that the company has executed definitive documents to establish joint ventures with Actis for developing industrial and logistics real estate facilities across India. Mahindra Lifespace or its affiliates and Actis or its affiliates will jointly invest in asset owning SPVs (special purpose vehicles) and in an entity that will provide business services to the asset owning SPVs. The company may own stakes in the range of 26 per cent to 40 per cent in these entities, and the balance will be owned by Actis or its affiliates. Both partners have earmarked up to 100 acres of land across Mahindra World Cities as seed assets to be acquired by the asset owning SPVs during the course of arrangement. In addition, the two J

Major stake of the joint venture's total investment is to be acquired by Actis. Over the initial years, total investment is to be estimated at Rs 2,200 crore including debt

Also in talks for tie-ups with firms that provide elements to make batteries

Foreign investment will come readily if the supply chain already exists, says Maruti Suzuki chairman

ArcelorMittal and Nippon Steel joint venture has announced that it was in the process of investing Rs 273 crore for zero liquid discharge, other environmental initiatives at its Hazira steel complex

GMR Group on Friday said its joint venture Angkasa Pura Aviasi has started operating the Kualanamu International Airport in Medan, Indonesia

HAL and Safran's existing partnerships include the Shakti engine that can propel helicopters to altitudes above 20,000 ft where the Indian Army is deployed.

The process for strategic divestment will be through competitive bidding, while soon-to-be specified guidelines will have to be followed for shutting down units

Plastic Legno is owned by the Sunino group, which has been makings toys in Europe for over 25 years; started India ops in 2009 to develop a production hub for domestic and global markets