ENGINEERING

China's SAIC plans to acquire GM’s Gujarat car plant

January 06, 2017 | Reuters

A subsidiary of China's top carmaker SAIC Motor Corp plans to acquire certain General Motors manufacturing assets in India, a filing with the country's competition watchdog showed on Friday.

Tatas-owned Jaguar Land Rover buys stake in car technology firm CloudCar

January 06, 2017 | Reuters

Britain's biggest carmaker Jaguar Land Rover said on Friday it was buying a minority stake in connected car technology firm CloudCar, as automakers seek out new partnerships and investments to build high-tech models.

Mahindras exit JV with auto components maker Sona Group

January 05, 2017 | Debjyoti Roy

Auto-to-software conglomerate Mahindra Group has exited a joint venture it had formed with auto components maker Sona Group nearly two decades ago.

Tata Motors shareholders vote to remove Nusli Wadia

December 23, 2016 | TEAM VCC

Tata Motors Ltd said on Friday its shareholders have voted to remove Wadia Group chairman Nusli Wadia as an independent director on the automaker’s board.

Exclusive: Special situations-focused PE firm Mount Kellett logs another poor exit

December 16, 2016 | Debjyoti Roy

Distressed assets and special situations-focused private investment firm Mount Kellett Capital Management has completely exited one of its Indian portfolio firms nearly four years after making the investment.

Blackstone strikes gold with its best returns from an Indian firm

December 15, 2016 | Ankit Doshi

World’s largest alternative assets fund manager Blackstone that made one loss-making partial exit and two below-average exits from its India portfolio this year has managed to generate a multi-bagger with a separate investment in the country.

Exclusive: SAIF Partners raises stake in new PIPE portfolio firm

December 14, 2016 | Joseph Rai

Multi-stage private investment firm SAIF Partners, which built a fairly active public equities portfolio in the past and has revived its private investment in public equity (PIPE) deals, has increased its holding in a listed firm it backed early this year.

Tata Sons shells out $360 mn to up stake in Tata Motors

December 13, 2016 | Ankit Doshi

Tata Sons Ltd acquired 5 crore Tata Motors Ltd shares on Tuesday, representing a 1.73% stake, that could prove crucial ahead of the extraordinary general meeting scheduled on 22 December to vote-out Cyrus Mistry and Nusli Wadia as directors.

Tata Steel removes Cyrus Mistry as chairman, names OP Bhatt interim chief

November 25, 2016 | TEAM VCC

Tata Steel Ltd said on Friday its board has removed Cyrus Mistry from the chairman’s post with immediate effect and named independent director OP Bhatt as the interim chief.

Bharat Forge to buy US-based Walker Forge for $14 mn

November 18, 2016 | PTI

Auto components major Bharat Forge will buy US-based Walker Forge Tennessee LLC (WFT) for USD 14 million (around Rs 95 crore), a move aimed at expanding its product range in automotive and other industrial segments.

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