China’s SAIC signs JV with Sajjan Jindal to expand in India

-
JSW group will acquire a 35% stake in MG Motor India, a unit of China's SAIC. Jindal had been eyeing the auto industry for several years and chose MG Motor India as the Chinese company faced difficulties due to fund-raising restrictions. Jindal is expected to gain a majority 51% stake over the next few years as MG Motor goes for an IPO and new financial investors enter. The deal will provide Jindal with access to a range of automotive technologies and allow MG Motor to expand in India and pursue acquisitions.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/JO2PhYW

Comments

Post a Comment

Popular posts from this blog

In a 1st, Mumbai tops Asia in billionaires list, is No. 3 globally

-
Image
There are now more billionaires in Mumbai's 603 sq km than there are in Beijing's over 16,000 sq km. By overtaking the Chinese megalopolis, Mumbai has become Asia's billionaire capital for the first time. While China has 814 billionaires compared to India's 271, Mumbai hosts 92 billionaires against 91 in Beijing, Hurun Research's 2024 Global Rich List showed. Mumbai now ranks third globally in terms of billionaires after New York, which regained its top status after seven years with 119 billionaires, followed by London with 97. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2IFzp4R
Read more

India should seek to push potential growth from 6% to 8%: World Bank chief economist

-
Image
Indermit Gill, World Bank chief economist, emphasizes India's potential to elevate its growth from 6% to 8% by enhancing efficiency and economic freedom, focusing on quality education, staying open to FDI and trade, and improving women's workforce participation. India's favourable demographics and balanced economy support these prospects. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/LcDIXQe
Read more