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Carlyle enters domestic auto parts sector
The New Indian Express Tirupati
|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.
Denne historien er fra February 14, 2025-utgaven av The New Indian Express Tirupati.
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FLERE HISTORIER FRA The New Indian Express Tirupati
The New Indian Express Tirupati
CM: Swachh drive meant to cleanse politics also
CHIEF Minister N Chandrababu Naidu on Saturday emphasised the comprehensive approach of the Swachhandhra initiative, stating, “Swachhandhra is about cleaning our cities, villages, and politics alike.”
1 min
September 21, 2025
The New Indian Express Tirupati
2.8L Indian jobs on the line as Trump slaps $1L H-1B fee
THE Trump administration on Saturday imposed a fee of $1,00,000 per year on each H-1B visa holder, dealing a body blow to the 2,83,397 (71%) skilled technology workers from India, as per 2024 data.
2 mins
September 21, 2025
The New Indian Express Tirupati
K-point in India, Canada NSA talks
IN a key step towards mending diplomatic ties, National Security Adviser Ajit Doval held bilateral security consultations with his Canadian counterpart Nathalie Drouin in New Delhi on Thursday.
1 mins
September 20, 2025
The New Indian Express Tirupati
Bonda targets PCB chief; PK gives strong reply
ASSERTING that steps will be taken to control the industrial pollution, Deputy Chief Minister (Environment and Forest) Pawan Kalyan has said the coalition government will not give scope to a situation that terrorises industrialists.
1 min
September 20, 2025
The New Indian Express Tirupati
LIQUOR SCAM ₹38L in cash, incriminating material seized in ED raids
THE Enforcement Directorate (ED), Hyderabad Zonal Office, conducted search operations at 20 locations across five States in connection with the alleged multi-crore liquor scam during the previous YSRCP regime, and seized ₹38 lakh unaccounted cash, and ledgers with transactions worth crores.
1 min
September 20, 2025
The New Indian Express Tirupati
Zubeen Garg of ‘Ya Ali’ fame dies in Singapore scuba diving accident
Zubeen Garg, the 52-year-old cultural icon of Assam and a heartthrob of the younger generation, passed away on Friday in Singapore, leaving behind a rich legacy.
1 min
September 20, 2025
The New Indian Express Tirupati
CM roots for ‘One State-One Water’ concept to combat drought in State
CHIEF Minister N Chandrababu Naidu on Friday asserted that effective water management could make Andhra Pradesh drought-free.
1 min
September 20, 2025
The New Indian Express Tirupati
Sebi clean chit to Adani on Hindenburg allegations
MARKETS watchdog Sebi on Thursday dismissed all charges levelled by the now-shuttered US-based short-seller Hindenburg Research against the Adani group, its founder Gautam Adani, his brother, and a few top executives including the group’s chief financial officer Jugeshinder Singh.
1 min
September 19, 2025
The New Indian Express Tirupati
India weighs Pak-Saudi def pact
NATO-STYLE AGREEMENT TO TREAT ATTACK ON ONE COUNTRY AS ATTACK ON BOTH
2 mins
September 19, 2025
The New Indian Express Tirupati
TTD fully geared up for Brahmotsavams rush
THE Tirumala Tirupati Devasthanams (TTD) has been fully prepared for the nine-day annual Brahmotsavams as lakhs of pilgrims are expected to visit Tirumala, TTD Chairman BR Naidu said.
1 min
September 19, 2025
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