MANUFACTURING Tata Steel Acquires 23% Stake In TM International Logistics For ₹335 Cr

Tata Steel Ltd has completed the acquisition of a 23% equity stake in TM International Logistics Ltd (TMILL) for ₹335 crore, increasing its holding in the logistics company to 74%. Tata Steel acquired 41.40 lakh equity shares of ₹10 each from IQ Martrade Holding Und Management GmbH, in accordance with the terms of the Share […]

CW Bureau · Aug 20, 2026

RETAIL/FMCG Lenskart Sets Up Step-Down Entity Through Its Joint Venture In China

Lenskart Solutions Ltd has incorporated a step-down subsidiary in China through its joint venture Baofeng Framekart Technology Ltd (BFT), strengthening its sourcing and trading capabilities in the optical products market. The new entity, Wenzhou Framekart Trade Co. Ltd, will undertake trading, import, export and procurement of spectacle frames and allied optical products, along with related […]

CW Bureau · Aug 18, 2026

RETAIL/FMCG Kothari Industrial Set To Invest More In JV After Karur Footwear Expansion

Kothari Industrial Corporation Ltd (KICL) is considering a further capital infusion into its associate, Phoenix Kothari Footwear Pvt Ltd, to support the company’s long-term growth and expansion plans across India, particularly in Tamil Nadu. The proposal, discussed at the board meetings of Phoenix Kothari Footwear and its subsidiaries JR One and Evervan Kothari, will be […]

CW Bureau · Jul 31, 2026

MANUFACTURING Sunita Tools, Polish Defence Co. Sign MoU For Drone Manufacturing JV

Sunita Tools Ltd has entered into a Memorandum of Understanding (MoU) with a Polish defence company to collaborate on the research, design, development and manufacture of ISR drones, loitering ammunition and smart drone ammunition. The collaboration envisages the formation of a joint venture in India, with Sunita Tools holding a majority stake. The MoU is […]

CW Bureau · Jul 30, 2026

STARTUP/TECHNOLOGY Eco Recycling, Electronics Recyclers International To Form 50:50 India JV

Eco Recycling Ltd. (Ecoreco), an e-waste management and recycling company, and Electronic Recyclers International, Inc. (ERI), US-based electronics recycling and IT asset disposition company, have agreed in principle to establish a 50:50 joint venture in India. The joint venture will focus on IT Asset Disposition (ITAD), enterprise recycling, circular economy solutions, resource recovery, secure data […]

CW Bureau · Jul 13, 2026

GENERAL Zydus Lifesciences To Invest $20 Mn In Sri Lanka Pharma Production JV

Zydus Lifesciences Ltd, an innovation-driven global lifesciences company, has entered into a share subscription and shareholders’ agreement with Sunshine Healthcare Lanka Ltd to establish a pharmaceutical manufacturing facility in Sri Lanka with an investment of $20 million. The joint venture, Zydus Sunshine Lifesciences Pvt Ltd, will be set up at the Board of Investment zone […]

CW Bureau · Jun 26, 2026

MANUFACTURING Blue Star To Acquire Remaining 51% Stake In Blue Star Qatar For ₹50 Lakh

Air-conditioning major Blue Star Ltd has decided to acquire the remaining 51% stake with 5% economic interest in its subsidiary Blue Star Qatar W.L.L. (BSQ) from Al Malki Trading & Contracting Co. for a consideration not exceeding ₹50 lakh. The acquisition will be carried out at the face value of Qatari Riyal 1,02,000 and is […]

CW Bureau · May 19, 2026

INFRASTRUCTURE ONGC, MRPL JV With OPaL To Integrate Petrochem Marketing

The board of Oil and Natural Gas Corporation Ltd (ONGC), a public sector enterprise, has approved the formation of a joint venture company (JVC) with its subsidiaries Mangalore Refinery and Petrochemicals Ltd (MRPL) and ONGC Petro additions Ltd (OPaL) to integrate petrochemicals marketing across group entities. The proposed JV will have a shareholding structure of […]

CW Bureau · Apr 27, 2026

MANUFACTURING JSW Steel Signs MoU With POSCO; To Set Up 6-MTPA Steel Plant In Odisha

JSW Steel Ltd has entered into a Memorandum of Understanding (MoU) with POSCO Group, outlining a framework for collaboration in the steel, battery materials, and renewable energy sectors in India. The Company has also signed a joint venture agreement to develop an integrated steel plant in Odisha with an initial capacity of 5 million tonnes […]

CW Bureau · Apr 18, 2026

HOSPITALITY Prestige Estates To Develop ₹9,000 Cr Luxury Homes In Versova, Mumbai

Prestige Estates Projects Ltd has entered into a joint venture with Avinash Bhosale Group (ABIL Group) to develop a luxury residential project in Versova, Mumbai, through Aaramnagar Realty LLP, investing ₹180 crore to acquire a 50% stake. Strategic expansion in Mumbai Bengaluru-based Prestige Group, one of India’s leading real estate developers, is strengthening its presence […]

CW Bureau · Apr 10, 2026

MANUFACTURING Airfloa Eyes ₹315 Cr Income In FY26 Driven By Strong Order Pipeline

Airfloa Rail Technology Ltd, a Chennai-based engineering solutions provider, is expected to close FY26 with a topline of over ₹315 crore, reflecting a growth of nearly 64% year-on-year, supported by strong order inflows and execution across railway, defence, renewable energy and emerging segments. Strong order visibility The company continues to build momentum across railway and […]

CW Bureau · Apr 9, 2026

HOSPITALITY Signature Global Cuts Debt By 77% To ₹200 Cr In FY26; Bolsters Finances

Signature Global India Ltd, one of the leading real estate developers in the Delhi-NCR region, has reduced its net debt by 77% to ₹200 crore in FY26 from ₹880 crore in the corresponding period last year, marking a historic low and reinforcing its balance sheet strength. Balance sheet strengthens The company reported cash and cash […]

CW Bureau · Apr 9, 2026