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Former ArcelorMittal exec's PE fund Synergy Capital scores an exit

Manufacturing

26 June, 2023

Former ArcelorMittal exec's PE fund Synergy Capital scores an exit

Synergy Capital, a Dubai-based private equity fund manager set up by a former executive of steelmaker ArcelorMittal, has......

Tiger Global-backed Infra.Market strikes $110-mn deal to buy geosynthetic firm

Manufacturing

26 June, 2023

Tiger Global-backed Infra.Market strikes $110-mn deal to buy geosynthetic firm

Tiger Global-backed Infra.Market said Monday it has agreed to buy a majority stake in Strata Geosystems (India) Pvt ......

Timken Singapore to sell stake in Indian unit for $231 mn

Manufacturing

19 June, 2023

Timken Singapore to sell stake in Indian unit for $231 mn

The Singapore-based parent of Timken India has proposed to sell an 8.4% stake in the Indian bearings and power ......

Nissan COO Ashwani Gupta, once seen as CEO candidate, to leave company

Manufacturing

16 June, 2023

Nissan COO Ashwani Gupta, once seen as CEO candidate, to leave company

Nissan Motor's Chief Operating Officer Ashwani Gupta will leave the Japanese automaker later this month to pursue ......

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Harsha Raghavan's PE firm Convergent takes a haircut from recent bet

Manufacturing

15 June, 2023

Harsha Raghavan's PE firm Convergent takes a haircut from recent bet

Homegrown private equity firm Convergent Finance has taken a haircut by selling the bulk of its stake in a manufacturing......

Bain Capital acquires south India-based specialty chemicals maker

Manufacturing

08 June, 2023

Bain Capital acquires south India-based specialty chemicals maker

Private equity firm Bain Capital has acquired Hyderabad-based Porus Labs, a specialty chemicals company, for an ......

India's May factory activity grows at fastest pace since Oct 2020

Manufacturing

01 June, 2023

India's May factory activity grows at fastest pace since Oct 2020

India's factory output expanded at the quickest pace since October 2020 last month thanks to strong demand and ......

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PremjiInvest-backed JV hires former exec of Blackstone-controlled firm as CEO

Manufacturing

31 May, 2023

PremjiInvest-backed JV hires former exec of Blackstone-controlled firm as CEO

A packaging platform formed by PremjiInvest, the private investment arm of Wipro Ltd founder chairman Azim Premji, along......

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EV maker Omega in talks with PE funds, impact investors to raise $100 mn

Manufacturing

23 May, 2023

EV maker Omega in talks with PE funds, impact investors to raise $100 mn

Electric vehicle maker Omega Seiki Mobility (OSM) is in talks with a clutch of financial investors, including impact ......

Tesla proposes new EV plant in India for domestic sales, exports

Manufacturing

17 May, 2023

Tesla proposes new EV plant in India for domestic sales, exports

Tesla Inc has proposed setting up a factory in India to build electric cars for domestic sale and export, the ......

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