DEG – Deutsche Investitions- und Entwicklungsgesellschaft will provide JK Tyre & Industries Ltd (JKTIL), a member of the JK Organisation, with a long-term loan of EUR 30 million. The funds will be invested in the sustainable expansion of production capacities at the company’s site in the Indian state of Madhya Pradesh. Joachim Schumacher, member of the DEG Management Board, commented:[Read More…]

Stake sale enhances liquidity while retaining majority control in the Indian market leader ZF Group, the world’s third-largest automotive supplier, has sold a 4.3% stake in its Indian subsidiary, ZF Commercial Vehicle Control Systems (ZF CVCS) India Limited. This divestment, amounting to 820,000 shares, was made to institutional investors to enhance ZF’s financial flexibility and liquidity for future growth plans.[Read More…]

  In a major stride to the Make-in-India initiative, Indore-based Candytoy Corporate Pvt Ltd has entered into an international deal with Becky’s to supply them with mobility toys and other variants. The deal worth Rs 45 crore (€ 5 million) from Becky’s, an international wholesaler of gifts, sweets, and snacks, based in the Netherlands has been signed recently. Gaurav Mirchandani, Director, Candytoy Corporate[Read More…]