Maruti Suzuki buys Sumitomo’s stake in JJ Impex

    2020-05-18T10:40:14+00:00May 18th, 2020|India Inc Views - India Global Business, News in Brief|

    After the acquisition, JJ Impex shall become the wholly owned subsidiary of Maruti Suzuki. India’s top automaker Maruti Suzuki acquired Japan’s Sumitomo Corporation’s stake in their joint venture JJ Impex, a company engaged in automobile service and repair business. The company has approved a 49.13 per cent equity acquisition of JJ Impex from two Sumitomo companies – Sumitomo Corporation and Sumitomo Corporation India Pvt Ltd in Delhi-based JJ Impex. The transaction involves Maruti Suzuki picking up over 34.43 lakh shares [...]

      India’s tech sector takes centre stage

      2020-03-24T11:25:27+00:00October 12th, 2018|2017/2018, Global Edition – October 2018|

      The country’s technology and cyber space segment has seen a lot of activity in recent weeks. Samsung opens its biggest store in India Samsung Electronics Co Ltd opened its biggest mobile store in the world in India as it tries to take pole position in the world’s second-biggest smartphone market amid fierce competition from Chinese brands. The South Korean tech giant’s roughly 33,000 sq ft store in the southern tech hub of Bengaluru will help it extend its lead in [...]

        Indian firms take flight across borders

        2020-03-24T12:18:59+00:00September 3rd, 2018|UK Edition – September 2018|

        From acquisitions to expansions, Indian companies widened their horizons in recent weeks. IndiGo adds Kuwait, Abu Dhabi to its network Indian budget carrier IndiGo said it will add Kuwait and Abu Dhabi to its international destination from October this year. The carrier will operate a daily flight from Chennai to Kuwait and from Calicut to Abu Dhabi from mid-October. Besides, it will operate a daily flight from Abu Dhabi to Kochi, a statement issued by the airline said. Beginning 1 [...]

          India and its workforce make a global mark

          2020-03-26T08:49:53+00:00August 3rd, 2018|2017/2018, UK Edition - August 2018|

          Various deals with companies in the US, Germany and Japan reflect India’s attraction across diverse sectors. Hindalco unit to buy Aleris for $2.6bn Hindalco Industries has agreed to acquire US-based Aleris Corporation for an enterprise value of $2.58 billion in a move that will help Hindalco become a global leader in aluminium excluding China. The acquisition will be done through Hindalco’s wholly owned subsidiary, Novelis Inc. The combined entity will have revenue of $21 billion and an employee base of [...]

            Energy efficiency is absolutely vital to economic growth

            2020-03-26T08:57:12+00:00July 30th, 2018|2017/2018, Global Edition – July 2018, Home Page|

            Neelima Jain is the CEO of EnergyPro Assets Limited (EPAL)and Regional Head, UK & Europe, of Energy Efficiency Services Limited(EESL). In this interview with ‘India Global Business’, she gives an overview of India’s energy efficiency challenges and the company’s future goals in the wake of a key acquisition in the UK. What does the Edina acquisition mean for the India-UK partnership? The acquisition is a step forward in the India-UK partnership efforts. India and UK share a common vision of [...]

              India a hotbed for foreign investments

              2020-03-26T10:03:23+00:00July 15th, 2018|2017/2018, Global Edition – July 2018|

              Encompassing varied sectors like digital tech and renewable energy, a lot of eyes were on India. Nissan sets up first global digital hub in India Japanese auto major Nissan Motor Co is establishing its first global centre for digital operations in India and will hire around 500 people for the same by the end of this fiscal. The Nissan Digital Hub, to be set up in Kerala, will be followed by a number of software and information technology development centres [...]

                US, South Africa, Sri Lanka: Indian firms on a global march

                2020-03-26T12:01:41+00:00May 24th, 2018|2017/2018, Region Focus, UK Edition- May 2018|

                Companies from sectors such as FMCG, automotive and technology were in the spotlight. Dabur acquires 2 firms in South Africa FMCG major Dabur India completed the acquisition of two South Africa-based companies — D&A Cosmetics Proprietary Ltd and Atlanta Body & Health Products Proprietary Ltd — through its subsidiary. The company had last year announced that it will acquire the two personal care products companies in South Africa for a total cash consideration of 50 million rands (Rs 25 crores). [...]

                  India-UK deals gaining momentum

                  2020-04-03T11:29:01+00:00March 29th, 2018|2017/2018, Eye on Brexit, UK Edition- April 2018, Year|

                  Acquisitions and joint funding initiatives were some of the highlights in recent weeks. India-UK joint team wins Ganga funding An India-UK Joint Team has won the Newton-Bhabha Fund for a project on Groundwater Arsenic Research in Ganga River Basin. The Department of Science and Technology has undertaken the project with the Natural Environment Research Council, UK, to find solutions to the water challenges faced in the pervasively arsenic-affected Ganga River Basin. The Indian team comprises representatives of the IIT Kharagpur, [...]

                    Innovation is in the Godrej DNA

                    2018-08-01T12:14:55+00:00April 11th, 2017|2017/2018, April 2017, December 2017, Emerging Markets, India & The World, INDIA-AFRICA, Special Edition – May 2017, Year|

                    Vivek Gambhir is Managing Director, Godrej Consumer Products Limited (GCPL), and the key architect of the firm’s 3x3 strategy to drive international expansion. He talks ‘India Global Business’ through the strategy and the consumer giant’s over-arching goals with a specific eye on emerging markets like Africa.  How would you describe GCPL's Africa strategy and how does it fit into the 3X3 plans? Over the past few years, we have been scaling up our international presence with acquisitions that fit well [...]

                      New globalisation paradigm in the offing

                      2018-08-06T13:40:35+00:00February 10th, 2017|2017/2018, February 2017, Last Word, Year|

                      Outbound FDI from India will increasingly be driven by a need to fill knowledge and product gaps aimed at the domestic market. Finance Minister Arun Jaitley has greased the wheels of the investment cycle with allocations of almost $90 billion for building roads, railway infrastructure, inland waterways, ports, airports and rural infrastructure for 2017-18. This massive public spending spree, marking a humungous increase over the figures for the current year, is expected to translate into large contracts for Indian and [...]