Joint Venture

  • Singapore Airlines Indian JV looks to start operations from September 1 May 9, 2014

    Singapore Airlines Ltd's Indian joint venture is looking to start flights from September 1, according to its application to the sector regulator for permission to operate. TATA SIA Airlines Ltd, 49 per cent-owned by the Singapore carrier and 51 percent held by Tata Group, plans to operate 87 flights a week...
  • FIPB approves Tata-Singapore Airlines joint venture October 24, 2013

    New Delhi: The government on Thursday gave a green signal to Singapore Airlines' proposal to start an aviation venture with Tata Sons entailing an initial foreign investment of $ 49 million. "It (Tata-SIA proposal) has been cleared," Economic Affairs Secretary Arvind Mayaram told reporters after a meeting of the Foreign...
  • Wal-Mart and partner Bharti Enterprises call off India joint venture October 9, 2013

    Wal-Mart Stores Inc and its Indian partner Bharti Enterprises are breaking up their joint venture and will independently own and operate separate businesses in the country, the companies said in a joint statement on Wednesday. Wal-Mart, the world's biggest retailer, will acquire Bharti's 50 percent stake in Bharti Wal-Mart Pvt Ltd,...
  • ISRO seeks more participation of private players in JVs July 2, 2013

    Sriharikota: With its workhorse PSLV creating a niche for itself in the space industry across the globe, ISRO is looking for the more participation of private players in joint ventures, a top official said on Tuesday. "Over 400 industrial firms are already working with us. PSLV has created...
  • ISRO looking for more participation of private players July 2, 2013

    Sriharikota: With its workhorse PSLV creating a niche for itself in the space industry across the globe, ISRO is looking for the more participation of private players in joint ventures, a top official said on Monday. "Over 400 industrial firms are already working with us. PSLV has created a niche...
  • ONGC, OIL buy 10 per cent stake in Mozambique gas field June 26, 2013

    New Delhi: State-run explorers Oil and Natural Gas Corp (ONGC) and Oil India Ltd (OIL) will buy the 10 per cent stake of Videocon Industries in a Mozambique gas field for about $2.5 billion. Videocon Mozambique Rovuma 1 Ltd, a subsidiary of Videocon Mauritius Energy Ltd, holds 10 per cent participating...
  • Jet-Etihad pact a win-win deal, says Ajit Singh April 26, 2013

    New Delhi: Describing the over Rs 2,000 crore business proposal between Jet and Etihad airlines as a win-win deal, Civil Aviation Minister Ajit Singh today said it will be beneficial for flyers. In the first Foreign Direct Investment (FDI) deal after India opened up the aviation sector, Jet Airways will...
  • India, Bangladesh ink biggest ever JV for power plant April 20, 2013

    Dhaka: Bangladesh on Saturday signed its biggest ever joint venture agreement with India involving investment $1.6 billion for 1,320 MW coal-fired power plant which is expected to be operational in the next five years. "This will be the largest investment Bangladesh ever had ... this will be cheapest source of...
  • CIL board seeks clarifications on Limpopo govt pact March 24, 2013

    New Delhi: The Coal India board has sought clarifications on draft agreement with the Limpopo government in South Africa on responsibilities to be shared between them while acquiring mines through a JV, a move that may delay the company's acquisition plans. The government of Limpopo, the northernmost province of South...
  • AirAsia-Tata JV may face procedural issues: Ajit Singh March 6, 2013

    New Delhi: AirAsia Bhd's planned joint venture in India with Tata Sons could face some procedural problems, Aviation Minister Ajit Singh said on Wednesday, without elaborating. However, Singh said he does not see any other major hurdles for the venture in India. India's Foreign Investment Promotion Board is scheduled to meet...
  • Hershey to buy out joint venture partner Godrej September 8, 2012

    Hershey Co plans to buy the remaining 49 per cent in its Indian joint venture that it does not already own, giving it full control of a chocolate business in one of the world's biggest markets. Hershey said it will buy out its partner, Godrej Industries Ltd, and another minority shareholder. Hershey...
  • Telenor-Unitech dispute referred for intl arbitration April 12, 2012

    New Delhi: The Company Law Board has allowed Unitech Ltd's plea to refer a dispute over its telecoms joint venture with Norway's Telenor for arbitration in Singapore, potentially delaying a resolution. Telenor said in a statement it was "surprised" by the Company Law Board's order and would challenge it in a...
  • Unitech seeks to restrain Telenor from any India JV March 31, 2012

    Mumbai: Unitech Ltd said it has applied to a local court seeking to restrain Norway's Telenor from investing in any new telecoms venture in India that would compete with companies' existing joint venture. Unitech, a property company, is also seeking an injunction against Telenor's plans to transfer the joint venture's business...
  • TN scraps power joint venture, BHEL surprised February 24, 2012

    Chennai: Taking the state-owned Bharat Heavy Electricals Ltd. (BHEL) by surprise, Tamil Nadu Chief Minister J. Jayalalithaa on Friday scrapped the 1,600 MW power joint venture with it and announced that the government would fully fund the project itself. In a statement issued here on Friday, Jayalalithaa said there had been...
  • Government approves JVs by defence PSUs February 9, 2012

    New Delhi: The government on Thursday approved Defence Ministry guidelines for its public sector units (PSUs) to establish joint ventures with private firms, a step that will increase opportunities to obtain advanced technologies from foreign sources. "The Union Cabinet today approved the guidelines for establishing Joint Venture Companies by Defence Public...
  • Sony to sell stake in LCD venture to Samsung December 26, 2011

    Tokyo: Sony Corp has agreed to sell its nearly 50 per cent stake in an LCD joint venture with Samsung Electronics to Samsung for $940 million, the Korean firm said on Monday, as Sony struggles to staunch red ink at its TV business. The venture cut its capital by 15 per...
  • 'Sony agrees to end LCD venture with Samsung' December 26, 2011

    Tokyo: Sony Corp has agreed to end its LCD joint venture with Samsung Electronics and will sell its stake to the South Korean company, a source familiar with the matter said on Monday. The decision comes after Sony in November warned of a fourth straight year of losses, with its television...
  • BNP Paribas to buy out India broking JV December 9, 2011

    Mumbai: French lender BNP Paribas (BNPP.PA) will pay Rs 405 million to buy out its Indian institutional broking business from local partner Geojit Financial Management Services, the Indian company said on Thursday. The joint venture, catering to domestic and foreign institutional clients, was set up after the French lender bought a...
  • Bharti, RIL end talks on insurance JVs deal November 25, 2011

    Mumbai: Reliance Industries has mutually agreed to end negotiations with Bharti Enterprises to buy its stakes in two insurance joint ventures with France's AXA, the two companies said on Friday. Reliance said the negotiations to acquire Bharti's 74 per cent stakes in the life insurance and general insurance joint ventures were...
  • Kudankulam: Centre's expert panel to meet today November 7, 2011

    Chennai: The Centre's expert committee, set up to allay fears of locals over the controversial Kudankulam Nuclear Power plant, will meet on Monday. This will be the first time that the Centre's 15-member expert panel is meeting after anti-KNPP activists announced setting up of a 21-member committee, comprising scientists and...
  • Sony in talks to buy Ericsson out of phone JV October 7, 2011

    Tokyo: Sony Corp is in talks to buy Telefon AB LM Ericsson out of their 50:50 joint venture, a source with direct knowledge of the matter told Reuters on Friday. Another source had told Reuters in July that talks about a takeover were under way ahead of the end of...
  • Vodafone to buy Essar's stake in JV for $ 5 bn March 31, 2011

    New Delhi: UK-based telecom major Vodafone Group today said it has exercised its option to acquire Essar's stake in their joint venture, Vodafone Essar, which will result in a cash flow of $5 billion for the Indian firm. "Vodafone Group announces that the Essar Group has exercised its underwritten put option...
  • Hero parts ways with Honda, set to ride solo December 16, 2010

    The 26-year long joint venture between the Hero Group and the Honda Group has come to an end. ...
  • Hero parts ways with Honda December 16, 2010

    New Delhi: Breaking its 26-year old joint venture - Hero Honda, Munjals-promoted Hero Group, on Thursday, said it will buy the entire 26 per cent stake of its Japanese partner Honda in the company for an undisclosed amount. The Hero Group and Honda hold 26 per...
  • Hero to part ways with Honda December 15, 2010

    New Delhi: The 25-year long joint venture between the Hero group and the Honda group is set to come to an end, sources said. According to sources, the board of Hero Corp has approved the joint-venture termination. Hero Corp will now acquire 26 per cent stake from Honda for $1-1.2...
  • Mahindra to acquire Renault's stake in India April 16, 2010

    Mumbai: Automobile major Mahindra and Mahindra (M&M) announced Friday it was buying out global car major Renault's 49 percent stake in their joint venture which manufactures the Logan sedan car. "M&M will buy Renualt's equity stake in Mahindra Renault Pvt. Ltd., resulting in it becoming a 100 percent Mahindra group...
  • Renault, M&M venture faces hurdles: report October 7, 2009

    Mumbai: French car maker Renault is looking to replace its Indian partner Mahindra & Mahindra in their struggling Logan joint venture, The Economic Times said on Wednesday, a report refuted by the French firm. "Renault very strongly denies the rumour/speculation that there is any move to ask anyone, Bajaj Auto or...
  • Bharti, Wal-Mart joint store first to open in India May 30, 2009

    Amritsar: India's Bharti group and Wal-Mart, the world's largest retailer, opened their first cash-and-carry joint venture store in the city on Saturday on an investment of $7 million. They also plan to open at least 15 outlets across the country in the next three years. The stores will be run under...
  • Microsoft proposes alternative deal to Yahoo May 19, 2008

    Seattle: Microsoft Corporation said on Sunday it has proposed an alternative deal to Yahoo Inc, rather than a full acquisition, in a move that could save the web pioneer from fighting a proxy battle with financier Carl Icahn. "Microsoft is considering and has raised with Yahoo an alternative that would...
  • Renault-Nissan, Bajaj form JV for small cars May 12, 2008

    Chennai: India's Bajaj Auto Ltd will set up a join venture (JV) with the Renault-Nissan alliance to produce and market small cars - but priced higher than Tata Nano, the companies announced Monday. While Bajaj Auto will hold 50 percent in the new entity, Renault and Nissan will share the balance...