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Manufacturing

Stay informed on news, industry trends, funding, and policies shaping the future of the manufacturing sector in India.

SEBI upholds ban on Avantha execs; may probe KKR's role in CG Power case

Manufacturing

13 March, 2020

SEBI upholds ban on Avantha execs; may probe KKR's role in CG Power case

The Securities and Exchange Board of India (SEBI) may examine private equity giant KKR’s alleged involvement in an insider...

Tata Steel Europe to cut 1,250 jobs in turnaround push

Manufacturing

11 March, 2020

Tata Steel Europe to cut 1,250 jobs in turnaround push

Tata Steel Europe is planning to cut 1,250 jobs as it faces "challenging circumstances" and "needs to urgently...

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JSW's Sajjan Jindal eyes another stressed assets target, set to buy steel firm

Manufacturing

09 March, 2020

JSW's Sajjan Jindal eyes another stressed assets target, set to buy steel firm

Billionaire Sajjan Jindal-owned JSW Projects Ltd is close to sealing a deal for a majority stake in a distressed steelmaker, ......

Kotak stressed assets fund pulls Jindal Stainless out of debt rejig

Manufacturing

02 March, 2020

Kotak stressed assets fund pulls Jindal Stainless out of debt rejig

The distressed assets fund of Kotak Investment Advisors announced its debut deal with a Rs 500 crore ($69 million) investment...

Factory activity growth slows in February on weak demand

Manufacturing

02 March, 2020

Factory activity growth slows in February on weak demand

India’s factory activity growth slowed in February from the previous month’s eight-year high due to a modest weakening...

Mahindra & Mahindra, Tata Motors say coronavirus outbreak hitting parts supply

Manufacturing

02 March, 2020

Mahindra & Mahindra, Tata Motors say coronavirus outbreak hitting parts supply

Indian automakers Mahindra and Mahindra Ltd (M&M) and Tata Motors said on Sunday their supply of parts from China had ......

Suzlon to recast debt, get fresh capital from Tulsi Tanti and Sun Pharma promoters

Manufacturing

28 February, 2020

Suzlon to recast debt, get fresh capital from Tulsi Tanti and Sun Pharma promoters

Suzlon Energy Ltd will restructure its debt, sell assets and raise capital from its founder and other shareholders, as the ......

Thyssenkrupp sells elevator unit to Advent, Cinven consortium for $18.7 bn

Manufacturing

28 February, 2020

Thyssenkrupp sells elevator unit to Advent, Cinven consortium for $18.7 bn

Thyssenkrupp AG said on Thursday it agreed to sell its elevators division to a consortium of Advent, Cinven and Germany's...

Tata Motors, two group finance firms accused of antitrust violations

Manufacturing

27 February, 2020

Tata Motors, two group finance firms accused of antitrust violations

India’s competition regulator is examining allegations that Tata Motors and two finance firms of its $100 billion parent...

Warburg Pincus to invest $150 mn in Apollo Tyres

Manufacturing

26 February, 2020

Warburg Pincus to invest $150 mn in Apollo Tyres

Private equity firm Warburg Pincus will invest Rs 1,080 crore (about $150 million) in Apollo Tyres Ltd, the Indian tyre ......

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