Intentar ORO - Gratis
Carlyle enters domestic auto parts sector
The New Indian Express Hubballi
|February 14, 2025
THE US-based investment firm Carlyle Group has entered the domestic auto components market by buying a controlling stake in an entity formed by the combination of two auto-parts makers - Highway Industries, a firm formed by the Munjals of the Heromotors and Haryana-based firm Roop Automotives.
Though Carlyle didn't disclose the value of the deal in its public statement, a source in the know of the deal-making told TNIE it was concluded for $400 million. The equity for the investments will come from funds affiliated with Carlyle Asia Partners, the firm said, adding it will own 65-70% stake in the platform.
Esta historia es de la edición February 14, 2025 de The New Indian Express Hubballi.
Suscríbete a Magzter GOLD para acceder a miles de historias premium seleccionadas y a más de 9000 revistas y periódicos.
¿Ya eres suscriptor? Iniciar sesión
MÁS HISTORIAS DE The New Indian Express Hubballi
The New Indian Express Hubballi
FinMin overhauls rules for govt land transfer, drops ‘no profit no loss’ norm
THE Union government has dropped the ‘no profit no loss’ principle that long governed land transfers between central government departments and Union Territories, replacing it with a structured pricing framework that accounts for market and guideline values.
1 mins
May 09, 2026
The New Indian Express Hubballi
L-G can exercise J&K govt power to regulate services under Telecom Act
IN a major administrative move, the Centre has authorised the Lieutenant Governor (LG) of Jammu and Kashmir to exercise the powers of the “State Government” under provisions of the Telecommunications Act, 2023, further expanding the Union Territory administration’s authority over telecom governance and regulatory affairs.
1 mins
May 09, 2026
The New Indian Express Hubballi
DRDO, IAF test TARA kit that turns ‘dumb’ bombs into precision weapons
INDIA on Friday successfully flight-tested Tactical Advanced Range Augmentation (TARA), an indigenously developed glide-bomb kit that can convert conventional unguided bombs into long-range precision weapons, a capability the Indian Air Force (IAF) has so far depended largely on foreign-origin systems to achieve.
1 mins
May 09, 2026
The New Indian Express Hubballi
No layoffs, Air India defers increment on mounting losses
AIR INDIA has assured its employees that there would be no layoffs despite mounting losses and ongoing external headwinds such as higher jet fuel prices and airspace closures.
1 min
May 09, 2026
The New Indian Express Hubballi
Hyundai sets 8-10% volume growth target for this fiscal
HYUNDAI Motor India (HMIL) has set a target to achieve 8-10% volume growth in the domestic market this fiscal (FY27) on the back of new product launches and network expansion.
1 min
May 09, 2026
The New Indian Express Hubballi
LAYERS WITHIN THE CASTE PYRAMID
THE Union government gives special grants only for those states or regions that are deemed ‘backward’ for their development to bring them on par with others.
4 mins
May 09, 2026
The New Indian Express Hubballi
US court strikes down Trump’s 10% global tariffs
THE US Court of International Trade struck down the Trump administration’s 10% global tariffs after declaring the reciprocal tariff illegal.
1 mins
May 09, 2026
The New Indian Express Hubballi
Students account for 8.5% of suicides
THE latest report by the National Crime Records Bureau (NCRB) presents a grim picture of the mental makeup of the student community.
2 mins
May 09, 2026
The New Indian Express Hubballi
Treasury loss caps SBI profit at 5.6%
THE country’s largest lender, State Bank of India (SBI), took a significant hit on its treasury book due to a spike in bond yields in March, causing it to miss Street estimates on key financial metrics.
1 min
May 09, 2026
The New Indian Express Hubballi
After Cong’s Vijay move, DMK seeks separate seat in House
Tensions within INDIA bloc as Akhilesh comes out in support of Stalin party and TMC chief
2 mins
May 09, 2026
Listen
Translate
Change font size