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Bharat FIH shuts R&D and supply chain subsidiary amid revenue decline
In 2021, Bharat FIH had established two subsidiaries—Bharat Taiwan Corporation and Rising Stars Hi-Tech—to enhance research, product development, and engineering capabilities. Read more
Deccan Gold Mines Ltd.’s subsidiary DGMoZ, ships first lithium ore to China
The shipment, totalling 150 tons with a grade of 2.5% Li?O, marks DGML’s debut in the fast-growing lithium market.Read more
Production discontinued at Konica Minolta subsidiary-WUXI in China
Konica Minolta began manufacturing in China with the establishment of a facility in Dongguan in 1994, followed by the founding of Konica Minolta WUXI in 2004 to capitalise on market growth. Read more
Ashok Leyland subsidiary Hinduja Tech to acquire TECOSIM Group
The organisations intend to establish a unified brand strategy that embodies their shared vision and dedication to providing superior technical services. Read more
Waaree Energies subsidiary Indosolar, inaugurates 1.30 GW solar module facility
The factory is expected to accelerate employment opportunities, and contribute towards propelling India's journey towards achieving net-zero emissions.Read more
India’s L&T subsidiary opens valve manufacturing unit in Saudi Arabia
This strategic move is impeccably aligned with the objectives outlined in the Saudi Vision 2030 and the In-Kingdom Total Value Add (iktva) initiative, actively fostering the creation of a local value chain and facilitating the development of skill enhancement programs.Read more
Samvardhana Motherson subsidiary MSSL Mideast to buy Yachiyo India Manufacturing
As per the regulatory filing, this acquisition is part of a deal between Samvardhana Motherson and Honda Motor Co LimitedRead more
TEAL, Titan's subsidiary, to invest 430 cr in Hosur for semiconductor manufacturing
A significant portion of the investment, amounting to 200 crore, will be allocated to the establishment of a wafer tab equipment manufacturing facility.Read more
Boeing to invest Rs 300 cr in Chennai Engineering Center, creates over 1,100 jobs
The formal announcement of this investment, facilitated through a Memorandum of Understanding (MoU), is expected to take place during the upcoming two-day Global Investors’ Meet in Chennai.Read more
JSW Steel's subsidiary Periama acquires remaining 10% stake in JSW USA
The company confirmed the completion of the acquisition by Periama on December 18, 2023 (US Time), making JSW USA a wholly-owned entity of Periama.Read more