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Carlyle enters domestic auto parts sector
The New Indian Express Coimbatore
|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.
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FLERE HISTORIER FRA The New Indian Express Coimbatore
The New Indian Express Coimbatore
Marine infra upgrades to help fisherfolk
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The New Indian Express Coimbatore
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The New Indian Express Coimbatore
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The New Indian Express Coimbatore
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1 mins
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The New Indian Express Coimbatore
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3 mins
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The New Indian Express Coimbatore
The Wars Behind the War
Even before the first shots of 1971 were fired, India was quietly arming and training the Mukti Bahini as Pakistani troops unleashed a campaign of rape and mass murder across East Bengal. With the US firmly backing Pakistan, Indira Gandhi openly cocked a snook at Washington—turning diplomacy into defiance and resolve into battle
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The New Indian Express Coimbatore
40-yr-old lynched to death in Bihar over religious identity
A 40-year-old man was lynched by a mob after ascertaining his religious identity in Bihar’s Nawada district, sources said on Saturday.
1 mins
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