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Manufacturing

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

Mahindra unit SsangYong files for court receivership after loan default

Manufacturing

21 December, 2020

Mahindra unit SsangYong files for court receivership after loan default

South Korea's SsangYong Motor Co Ltd filed for court receivership on Monday after it defaulted on loan repayment of about...

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Apple supplier Wistron to sell stake in India phone JV

Manufacturing

18 December, 2020

Apple supplier Wistron to sell stake in India phone JV

Wistron Corp, the Taiwanese electronics giant that makes Apple Inc.’s iPhone and which saw violence break out at a factory...

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Harsha Raghavan-led Convergent Finance makes its biggest bet

Manufacturing

18 December, 2020

Harsha Raghavan-led Convergent Finance makes its biggest bet

Convergent Finance LLP, the private equity outfit set up and led by former Fairfax executive Harsha Raghavan, has invested in...

UK's Liberty House acquires second firm under insolvency law

Manufacturing

17 December, 2020

UK's Liberty House acquires second firm under insolvency law

UK-based Liberty House Group has completed its second acquisition under the bankruptcy process with the purchase of an Andhra...

Vedanta Group gets bankers' nod to buy 13 Videocon companies

Manufacturing

17 December, 2020

Vedanta Group gets bankers' nod to buy 13 Videocon companies

Billionaire businessman Anil Agarwal's family firm got bankers’ approval on Wednesday to acquire 13 companies of insolvent...

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Affirma, IFC to part-exit as auto parts maker eyes IPO again

Manufacturing

16 December, 2020

Affirma, IFC to part-exit as auto parts maker eyes IPO again

An automobile and industrial parts maker, which counts private equity firm Affirma (Standard Chartered PE) and World Bank’s...

Speciality chemicals firm Laxmi Organic files for IPO

Manufacturing

16 December, 2020

Speciality chemicals firm Laxmi Organic files for IPO

Mumbai-based Laxmi Organic Industries Ltd, a manufacturer of acetyl intermediates and speciality intermediates, has filed for...

Wistron violence could sour Apple's 'Make In India' plans

Manufacturing

16 December, 2020

Wistron violence could sour Apple's 'Make In India' plans

Violence at a Wistron Corp factory in southern India is likely to stall the company's and its client Apple Inc's ......

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JM Financial ARC, US firm invest $28 mn in textile company

Manufacturing

15 December, 2020

JM Financial ARC, US firm invest $28 mn in textile company

Homegrown financial services firm JM Financial Ltd’s asset reconstruction arm and a San Francisco, US-based investment firm...

Mahindra unit Ssangyong defaults on $55 mn loans

Manufacturing

15 December, 2020

Mahindra unit Ssangyong defaults on $55 mn loans

Automaker Mahindra & Mahindra’s South Korean unit Ssangyong Motor Co has defaulted on loan repayment of about 60 billion...

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