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Carlyle enters domestic auto parts sector

The New Indian Express Kollam

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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.

- BENN KOCHUVEEDAN @ Mumbai

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.

PLUS D'HISTOIRES DE The New Indian Express Kollam

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321kg gold smuggled through 7 main routes seized in 10 months, says DRI

THE Directorate of Revenue Intelligence (DRI) has uncovered an increasingly sophisticated gold smuggling operation spanning continents. Between January and October this year, DRI intercepted and seized around 321kg of smuggled gold, valued at ₹406.35 crore.

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The New Indian Express Kollam

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More girls in govt-run CBSE schools, says secy

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The New Indian Express Kollam

'Abhay' for anonymity: How Maoists evade police action

ENGLISH playwright William Shakespeare wrote in Romeo and Juliet, \"What's in a name?\" For the outlawed CPI (Maoist), the answer is everything. Names, often assumed or symbolic, are a tool of survival, strategy, and connection with the communities in which they operate.

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The New Indian Express Kollam

U’khand village puts cap on wedding expenses

TO curb the rising expenses and the culture of showiness at social ceremonies, the residents of Kandhar village in Uttarakhand's tribal region of Jaunsar-Bawar have passed a social bylaw limiting the gold jewellery married women can wear at weddings and family functions.

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October 24, 2025

The New Indian Express Kollam

TAKE AI’S HELP FOR SPEEDY JUSTICE

EW phrases encapsulate the despair of the Indian litigant more powerfully than Sunny Deol's anguished outburst in Damini: \"Tareekh pe tareekh\" (hearing after hearing).

time to read

3 mins

October 24, 2025

The New Indian Express Kollam

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16-yr-old sprinter breaks 37-yr-old record

AS THE crowd at Chandrasekhar Nair Stadium dispersed on Thursday, Athul T M, the new record holder in 100m Junior Boys, spotted Ram Kumar.

time to read

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The New Indian Express Kollam

The New Indian Express Kollam

Kohli’s twin failures, Sharma’s fifty talking points in India’s loss

IT'S hard to find context in an ODI bilateral series with no major events scheduled in that format for the next two years.

time to read

3 mins

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The New Indian Express Kollam

Trump factor leads PM to duck Malaysia trip, says Cong

THE Congress on Thursday claimed that the reason for Prime Minister Narendra Modi not travelling to Malaysia for the Asean summit was that he does not want to be cornered by US President Donald Trump.

time to read

1 mins

October 24, 2025

The New Indian Express Kollam

The New Indian Express Kollam

High on drugs, Indian-origin truck driver kills three in US crash; held

A 21-year-old Indian-origin truck driver, Jashanpreet Singh, who had reportedly entered the US illegally in 2022, has been arrested for causing a semi-truck crash in California's Ontario that snuffed out three lives and injured at least four other people on Tuesday.

time to read

1 mins

October 24, 2025

The New Indian Express Kollam

'United' MahaYuti to contest BMC polls

WITH the Thackeray cousins, Uddhav and Raj, reportedly warming up to each other and hints of a possible alliance in the upcoming BMC elections, the BJP is disinclined to go solo and favours the MahaYuti constituents contesting together to avoid splitting Hindutva and pro-government votes.

time to read

1 mins

October 23, 2025

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