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Suraksha ARC set to lose race for distressed textile firm

Manufacturing

18 June, 2020

Suraksha ARC set to lose race for distressed textile firm

Suraksha Asset Reconstruction Ltd is likely to have lost a bid to acquire a Maharashtra-based distressed textile company that...

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Hedge fund Abakkus bets on a building materials company

Manufacturing

18 June, 2020

Hedge fund Abakkus bets on a building materials company

Hedge fund Abakkus Asset Manager LLP has picked up a small stake in a publicly listed building materials company that ......

Nissan gets a push to promote Indian-born COO as co-CEO

Manufacturing

18 June, 2020

Nissan gets a push to promote Indian-born COO as co-CEO

Nissan's chief operating officer Ashwani Gupta helped engineer the troubled automaker's latest turnaround plan. Now his...

Tata Motors to shed 1,100 JLR jobs after pandemic hits earnings

Manufacturing

16 June, 2020

Tata Motors to shed 1,100 JLR jobs after pandemic hits earnings

Tata Motors Ltd expects to shed about 1,100 temporary jobs at Jaguar Land Rover after it raised the cost-cutting target ......

Mahindra seeks to give up control of struggling South Korean unit SsangYong

Manufacturing

12 June, 2020

Mahindra seeks to give up control of struggling South Korean unit SsangYong

Mahindra & Mahindra plans to give up control of struggling South Korean unit SsangYong Motor, the Indian automaker's managing...

Metals tycoon Sanjeev Gupta's GFG Alliance to cut jobs

Manufacturing

11 June, 2020

Metals tycoon Sanjeev Gupta's GFG Alliance to cut jobs

British-based commodities tycoon Sanjeev Gupta's global metals businesses said on Thursday it will cut costs and shed jobs...

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Sumeet Nagar's hedge fund buys into speciality chemicals maker

Manufacturing

10 June, 2020

Sumeet Nagar's hedge fund buys into speciality chemicals maker

Malabar Investments, an India-focussed hedge fund, has bought a minority stake in a publicly listed speciality chemicals manufacturer. Sumeet...

Tata-owned Jaguar Land Rover raises $705 mn loan from Chinese banks

Manufacturing

05 June, 2020

Tata-owned Jaguar Land Rover raises $705 mn loan from Chinese banks

Jaguar Land Rover (JLR), owned by India's Tata Motors, has entered into agreements with lenders in China for a secured ......

Reliance Industries closes $7 bn rights issue, India's largest ever

Manufacturing

04 June, 2020

Reliance Industries closes $7 bn rights issue, India's largest ever

India's oil-to-telecoms giant Reliance Industries on Wednesday closed a $7 billion rights issue, India's largest ever,...

Govt unveils $6.7 bn plan to boost electronics manufacturing

Manufacturing

03 June, 2020

Govt unveils $6.7 bn plan to boost electronics manufacturing

India launched a $6.65 billion plan on Tuesday to boost electronics manufacturing, saying it would start by offering five global...

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