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…]
Polaris India inaugurated its third ‘Polaris Experience Zone’ in Haryana. After Faridabad and Daruhera, Gannaur in Sonepat has been equipped with an artificial undulated track with sludge pits spread across 3 acres for an adventurous ride experience zone. The track also encompasses water passages, humps and tyre hurdles to enhance the thrill. Adventure seekers can put hands on any of[Read More…]
ExxonMobil Lubricants Pvt. Ltd. has launched Mechanic Unnati – a market-focused program aimed at the development of commercial vehicle mechanics in India. The program, to be run between October 01 and December 31, 2016, across India, will choose 50 mechanics according to the program’s guiding parameters. These will receive training on new generation engine technologies, and their workshops will be[Read More…]
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