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So far Saloni Shah has created 281 blog entries.

MG Motor to launch electric SUV in India

2018-10-17T10:39:22+00:00October 17th, 2018|Uncategorized|

MG Motor India, a wholly-owned arm of China's SAIC Motor Corp, will roll out a locally manufactured pure-electric SUV by the first half of 2020, within one year of its first product launch in the country, a top company official said this week. The company also plans to launch a mid-sized SUV with petrol and diesel powertrains in the second quarter of 2019. MG Motor would manufacture the electric SUV at its Halolplant in Gujarat. Michael Yang, Executive Director of International Business, SAIC Motor, said: "MG will launch [...]

Boston PE to focus on Tier 2 & 3 Indian cities

2018-10-17T10:36:07+00:00October 17th, 2018|Uncategorized|

Taurus Investment Holdings, the Boston-headquartered global real estate private equity investment and development company which began its Indian journey with a Rs 1500 crore ($205.5 million) project at Technopark Thiruvananthapuram, plans to focus more on Tier 2 and 3 cities in the country. The company founder and chairman Lorenz Reibling, who was in Thiruvananthapuram for the inauguration of the project, prefers India to China in the Asian region. He said, “We spend a lot of money and tried for several years to make an entry in China. [...]

Taiwan’s Kymco backs Twenty Two Motors

2018-10-17T10:05:25+00:00October 17th, 2018|Uncategorized|

Taiwanese two-wheeler maker Kwang Yang Motor Co. Ltd, or Kymco, is investing in Gurugram-based electric vehicle start-up Twenty Two Motors Pvt Ltd. Kymco will pick up a stake of over 25 per cent in Twenty TwoMotors and that it will invest $65 million (Rs 480 crore) in the Indian company. Twenty Two Motors will use the proceeds for setting up a new plant and for localisation of batteries over the next three years, according to the report. Separately, the two companies announced a partnership that will allow them to share [...]

Vodafone Idea finalising key network deals

2018-10-16T07:48:13+00:00October 16th, 2018|Uncategorized|

Vodafone Idea, India’s largest telecom operator, may close new commercial contracts for its pan-India radio network with Nokia, Ericsson, and Huawei. Nokia is set to get eleven circles, while Sweden’s Ericsson seven and China’s Huawei will get four-five circles. Once the radio networks contracts are awarded, Vodafone Idea may take another month to award new contracts for core network under phase two. Vodafone Idea has been running requests for proposals (RFPs) for its pan-India network and negotiating new contracts for [...]

Alibaba’s affiliate invests $210mn in Zomato

2018-10-16T07:41:28+00:00October 16th, 2018|Uncategorized|

Online restaurant discovery and food delivery company Zomato Media Pvt Ltd is raising $210 million (Rs 1,500 crore) from Chinese e-commerce giant Alibaba Group’s payment affiliate. According to a stock exchange filing by Info Edge (India) Ltd last week, Zomato has signed a definitive pact with Alipay Singapore Holdings Pte Ltd for the primary fundraise. Info Edge said that, after the deal closes, its stake in the food-tech company will fall to 27.68 per cent from 30.91 per cent at [...]

US PE firm eyes India’s non-banking sector

2018-10-16T07:14:57+00:00October 16th, 2018|Uncategorized|

US private equity firm KKR & Co Inc is seeking to buy assets from Indian non-banking finance firms as it believes current market conditions offer attractive opportunities. India’s NBFC sector has been in the spotlight after IL&FS, a major infrastructure financing and construction company, defaulted on a string of debt obligations in recent weeks triggering wider concerns about risks in the country’s financial sector. The private equity firm’s two Indian credit units may spend as much as Rs 20 billion [...]

Advent acquires Manjushree Technopack

2018-10-15T12:31:41+00:00October 15th, 2018|Uncategorized|

Global private equity investor Advent International has acquired Manjushree Technopack Ltd., India’s largest rigid plastic packaging solution provider. As part of the transaction, Advent purchased all the shares owned by existing investor Kedaara Capital and a portion of the promoters Kedia family’s stake in Manjushree Technopack. Domestic PE firm Kedaara Capital holds about 40 per cent in Manjushree. Manjushree’s Founder and Managing Director, Vimal Kedia, and the rest of the company’s senior management team will remain with the company. Manjushree [...]

OnMobile acquires Swedish gaming platform

2018-10-15T10:35:59+00:00October 15th, 2018|Uncategorized|

OnMobile Global Ltd, which specialises in mobile value-added services, has acquired a 100 per cent stake in Sweden-based mobile app distribution platform Appland AB in a cash deal. In a stock-exchange disclosure, Onmobile said the value of the deal will not exceed $15 million (around Rs 110 crore). The Bengaluru-based company said the acquisition would help expand its business operations in the mobile games subscription space. As part of the transaction, Appland CEO and co-founder Jonatan Redvik will take charge [...]

ThomasLloyd buys into SolarArise

2018-10-15T08:16:28+00:00October 15th, 2018|2017/2018, Uncategorized|

European investment firm ThomasLloyd Group has acquired a stake in Delhi-based solar energy producer SolarArise India Projects Pvt. Ltd, marking its first transaction in the country. The investment will help SolarArise expand its solar energy capacity by around 250MW, ThomasLloyd said in a statement. SolarArise currently owns and operates 130 MW of solar power projects in India. ThomasLloyd didn’t specify the size of the stake it is acquiring but said it will become the largest shareholder in SolarArise with this [...]

Singapore firm buys Rudra Environmental Solution

2018-10-12T12:17:24+00:00October 12th, 2018|Uncategorized|

Blue Planet Environmental Solution Pte Ltd, a Singapore-headquartered company, has acquired Pune-based Rudra Environmental Solution (India) Ltd for an undisclosed amount, according to a company statement. The combined entity provides a solution to convert waste plastic into valuable energy and material outputs, the statement said. Rudra Environmental operates a thin-film plastic waste recovery facility in Pune. Dr Medha Tadpatrikar, Founder and Executive Director of Rudra Environmental Solution, said: “Rudra has been at the forefront of the waste plastic-to-oil conversion process [...]