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Tata Int'l to tie up with Japanese, Swiss firms

Mint New Delhi

|

September 15, 2025

Tata International Ltd will invest $100 million to form two joint ventures with the Japanese conglomerate Mitsubishi Corp. and the Switzerland-based commodities trader Mercuria, as the $3.6 billion privately held trading business of Tata Sons seeks to scale up global operations.

- Varun Sood & Satish John

Tata Int'l to tie up with Japanese, Swiss firms

Last Friday, the board of Tata Sons approved its trading subsidiary to form a joint venture with Mitsubishi Corp.'s Mobility Group for a multi-brand distribution business in Africa, an executive privy to the development said. Tata will invest $51 million to acquire a 51% stake, while Mitsubishi will invest $49 million in the new entity, the name of which will be formalized in the coming months.

Tata International also agreed to form a partnership with Mercuria, the trading house with $110 billion in revenue. Mercuria and Tata will form a 51:49 joint venture company, which will engage in physical and derivatives trading of energy, metals, freight and agricultural commodities. The two partners will jointly infuse $100 million into Meta, a holding company, in proportion to their equity stake.

MEER VERHALEN VAN Mint New Delhi

Mint New Delhi

DATA RECAP: THE WEEK IN CHARTS

From the early impact of US tariffs on India's exports, modest growth in foodgrain production, women facing higher levels of unemployment, and the government looking to mobilize $1 billion in green finance-here is a compilation of this week's news in numbers, curated by Nandita Venkatesan.

time to read

2 mins

September 19, 2025

Mint New Delhi

Mint New Delhi

Sebi clears Adani of Hindenburg charge

The stock market regulator on Thursday cleared Adani Group and its top executives of allegations of bypassing related-party transaction rules levelled by Hindenburg Research, bringing the curtains down on an episode that has stretched out across 15 months.

time to read

3 mins

September 19, 2025

Mint New Delhi

The CEA's optimism

Could the recent thaw in India-US ties result in tariffs being lowered sharply on Indian exports?

time to read

1 min

September 19, 2025

Mint New Delhi

Mint New Delhi

Blackstone looks to buy Zelestra India

New Blackstone RE platform likely; JP Morgan running deal

time to read

2 mins

September 19, 2025

Mint New Delhi

Mint New Delhi

How junk feeds profits, starves young bodies

The food industry has trapped children into unhealthy diets, with calorie-dense ultra-processed food dominating shops and schools, Unicef warns in its report Feeding Profit: How Food Environments are Failing Children. Mint unpacks what's at stake for India and world.

time to read

2 mins

September 19, 2025

Mint New Delhi

BluSmart, Gensol spar over 4,000 leased EVs

The startup twin bankruptcies of ride-hailing BluSmart Mobility Ltd and renewable energy firm Gensol Engineering Ltd, related parties from the same promoter group-have collided over control of thousands of electric vehicles (EVs) that are now lying idle.

time to read

1 min

September 19, 2025

Mint New Delhi

Gameskraft episode bares false papers, weak checks

Concentrated power, falsified documents, and weak checks and balances-the unraveling at Gameskraft has invited comparisons with the Satyam saga.

time to read

1 min

September 18, 2025

Mint New Delhi

Mint New Delhi

IOC, L&T, others eye crude reserve

Multiple energy and engineering giants, including IndianOil Corp. (IOC), Trafigura, Vitol, and Larsen & Toubro Ltd (L&T), have shown interest in developing a strategic crude reserve at Chandikhol, Odisha, said two people in the know.

time to read

2 mins

September 18, 2025

Mint New Delhi

Mint New Delhi

Centre works to fix snags in free trade

Solution for procedural gaps, talks to resolve access issues likely

time to read

3 mins

September 18, 2025

Mint New Delhi

Sparring over chips

China has upped the ante in its trade tussle with the US. As reported, China's internet regulator has ordered Chinese tech companies not to buy artificial intelligence (AI) chips from Nvidia.

time to read

1 min

September 18, 2025

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