Search Results for:PR Sanjai

India: Adani Group plans to start coal mining in Australia in 2020

India’s Adani Group plans to begin extracting coal from the $16.5 billion Carmichael project in Australia in 2020 after environmental protests had delayed the first phase of the mine. The company will begin work on the project three months after it gets final approval from Australia’s federal government, Gautam Adani,… Read more »

India: Warburg in advanced talks for Tata Technologies stake

Warburg is eyeing significant minority in Tata unit for $450 million

India: Motherson Sumi offers up to $610m to acquire Finland’s PKC

The Indian company will make a public tender offer of 23.55 euros a share of PKC Group

Tata Group may boost stakes in key listed units to ward off takeover threats

Tata Sons Ltd., the group holding company, plans to raise its ownership over time in five of its largest businesses including Tata Motors Ltd. and Tata Steel Ltd.

India: Jet Airways likely to raise $300m for expansion on international routes

Jet Airways India Ltd, the carrier part-owned by Etihad Airways PJSC, is seeking to raise about $300 million to fund expansion on international routes, people with knowledge of the matter said. India’s second-largest airline by passengers, has started talks on a potential equity fundraising from investors other than Etihad, the… Read more »

AirAsia India set to get fresh funds for expansion drive

AirAsia India CEO Amar Abrol declines to reveal exact amount, says the funding is a step towards expanding fleet and starting overseas operations

Germany’s Thyssenkrupp still in talks with Tata Steel for possible Europe JV

In July, Tata Steel had said it had entered into talks with companies, including diversified industrial conglomerate Thyssenkrupp, on a possible joint venture in Europe, after reviewing bids on the UK assets that the Indian steelmaker had planned to sell.

India: Tata Technologies has no plans to hit IPO route yet

“We have no immediate plans for an initial public offer (IPO) for Tata Technologies. However, we will explore various options in the future,” Cyrus P. Mistry, non-executive director and chairman at Tata Motors said.

India’s ace dealmaker Nimesh Kampani calls it a day, to step down as JM Financial chairman

Nimesh was part of the legendary 3 Ks of the Indian investment banking scenario in the late 1990s and early 2000s, when foreign investment banks were yet to establish themselves in the country.

Adani Wilmar to diversify into value-added food business, tap Asian markets

Adani Wilmar Ltd is planning to diversify into food business and value-added edible oil as the 50:50 joint venture of the Indian conglomerate Adani Group and Singapore’s agricultural business group Wilmar International Ltd is aiming at a compounded annual growth rate of 25% in the next five years.