Eicher Polaris, a 50:50 joint venture between Eicher Motors and Polaris Industries Inc, has announced the appointment of Pankaj Dubey as the Chief Executive Officer (CEO). He succeeds Radhesh C Verma, and will continue to be the Managing Director apart from being the CEO of the company. Dubey’s appointment comes at a time when the company is about to introduce[Read More…]
Private equity firm Warburg Pincus has invested USD 75 million in Rivigo. Third such transaction in India’s logistics sector by Warburg Pincus, the investment, claim industry sources, will give it a minority stake in Rivigo. Claimed to be one of the largest equity financing rounds raised by an Indian startup this year, the funds, Deepak Garg, CEO, Rivigo, is known[Read More…]
Tata Motors and PT Pindad of Indonesia have signed a Memorandum of Understanding (MoU) to explore the market potential of Tata Armoured Vehicles in Indonesia and other ‘agreed’ ASEAN regions. The two will also explore the possibility of locally assembling Tata armoured vehicles at PT Pindad’s facility in Bandung, West Java province of Indonesia. An Indonesian state-owned enterprise, PT Pindad[Read More…]
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