French Companies

Enforcement Directorate accuses Pernod Ricard of more policy violations

In the Jan 6 filing documents the federal agency accused Pernod of a 'conspiracy to gain illegal benefit by submitting wrong affidavit' to Delhi authorities

Not re-evaluating investment in Adani companies, says TotalEnergies

French energy giant TotalEnergies, which had in past years taken stakes in two Adani group listed firms, on Friday said it has not performed any re-evaluation of its holdings because of volatility in stock prices following allegations of fraud. In a statement, the French firm said its investment in Adani group entities were undertaken in full compliance with the Indian laws and its own internal governance processes. The company has a 37.4 per cent stake in Adani Total Gas Ltd and a 20 per cent holding in Adani Green Energy Ltd.

France's Naval Group and IIT Goa to work on underwater sensors' data

During Sea Tech Week 2022, the two entities signed an agreement to collaborate in joint research aimed at improving the analysis of data collected by underwater sensors, using neural systems and AI

Over 300 French companies urge govt to take action on surging energy prices

Over 300 French companies have alerted the country's government to the negative effects of the surging energy prices, Minister Delegate for Industry Roland Lescure has said

French carmaker Citroen debuts in India's mass car market with C3

Priced around Rs 5.7-8.05 lakh, the mini SUV will vie with the Punch, Magnite and Ignis

Cosmetics firm L'Oreal ties up with Nasscom to innovate business operations

Joint initiative to explore potential application of AI, ML IoT and AR/VR in cosmetics and dermatology, and product development and personalisation at L'Oreal

French aircraft engine maker Safran Group to set up MRO facility in India

Defence minister welcomes Safran to be a part of joint development production projects

India-France DTAA sparks tax row with Saint Gobain, HC orders higher outgo

Court says firm can pay "under protest", subject to final order; dispute could trigger similar rows in tax matters with MNCs, experts warn

EDF hopes to seal EPR nuclear reactor deal in India in coming months

The French state-controlled power group last year had made a binding offer to help build six third-generation EPR nuclear reactors at the Jaitapur site in India's Maharashtra region

OMA cinemas of France announces India rollout plan with PVR cinemas

Oma Cinema was designed by renowned French architect Pierre Chican, who has designed some of France's most avant-garde cinemas over the last 30 years

France's Atos moves Russian services to India and Turkey amid Ukraine war

The feasibility of exiting Russia has required significant planning in terms of implications for business operations and employees based there, the company said in an earnings statement

French companies hesitate amid growing pressure to leave Russia

Leroy Merlin has been more intransigent than Renault and like Auchan and Decathlon refuses to shutter its Russian business

French tyre group Michelin raises 2021 targets as demand rebounds

French tyre maker Michelin raised its 2021 financial targets on Monday after a strong rebound in the tyre markets and gains in market share in the first half of the year

India to be global hub for manufacturing eSIMs with IDEMIA's help

French company plans to make Noida plant one of its largest production units

French giant Total rebranded to reflect shift to broad Energy business

TotalEnergies, as it is now called, said it produces and sells energies on a global scale: oil and biofuels, natural gas and green gases, renewables and electricity

Groupe Atlantic to invest Rs 68 cr for 50% stake in SHIL subsidiary

French company Groupe Atlantic would invest Rs 68.3 crore in Somany Home Innovation Limited (SHIL) for 50 per cent stake in its water heater business, as per a regulatory filing.

US considering tariff on $2.4-bn French goods in response to digital tax

The decision sends a clear signal that the US will take action against digital tax regimes that discriminate or otherwise impose undue burdens on its firms, US Trade Representative said

French firms aim at more in India

French companies would create more jobs in India in sectors such as manufacturing, information technology (IT), the industrial internet of things (IoT) and smart city projects, says France's largest employer federation, Mouvement des Entreprises de France (MEDEF). The body says it had discussion with both Indian and French companies, representatives from the Union government and business chambers Ficci and CII, to evaluate prospective sectors for growth. An MEDEF delegation had meetings in Delhi, Mumbai and Bengaluru. French president Emmanuel Macron makes an official visit to India later this year. About 450 French companies in manufacturing, defence, space, nuclear energy, smart cities and IT services employ 350,000 in India. "France and India have held strong trade ties for more than two decades. During this visit, we have held many discussions with the private sector and with our Indian counterparts in the government and industry, to source viable opportunities for both our ...