Photo by masckThe Braj Binani Group with a history of138 successful years is a well-diversified industrial house working actively in the core sectors of Cement, Zinc, Glass Fibre and Downstream Composite Products. Binani Cement is growing stronger and stronger and it’s reflected in the financial results as well. Mr. Vinod Juneja, Deputy Managing Director, Binani […]
Tag: Joint Venture
RJ Corp – GMR JV
September 29, 2009 – 5:36 pm
Ravi Jaipuria-owned Devyani International has inked a 60:40 JV with GMR to set up multiple food retail outlets at the Delhi International Airport. The details of the JV are still being worked out. The 250 crore rupees DIL, which is the Indian franchisee of global food retail chains Pizza Hut, KFC and coffee chain Costa […]
Unitech plans sale of assets to raise funds
November 27, 2008 – 12:40 am
In a bid to tide over the current financial crisis, Unitech, the second largest real estate developer in the country, is planning to raise money by selling some of its assets, such as hotels and commercial real estate. The company, which currently has a debt of Rs 8,200 crore, is also planning to rope in […]
Plaza Centers Signed JV Israel-based Elbit Imaging
August 27, 2008 – 2:58 am
Emerging markets property developer Plaza Centers NV said it has signed a joint venture contract with Israel-based Elbit Imaging for developing three projects in India. The three projects are in the three Indian cities Bangalore, Chennai and Kochi and would have a combined development budget of about 3.4 billion dollars, Plaza said in a regulatory […]
Rakindo Plan To Set Up $250-m Arm May Get Okay
May 8, 2008 – 3:42 am
Chennai-based real estate developer Rakindo Developers’ proposal to set up a wholly owned subsidiary with $250-million FDI from Dubai-based Rakeen Development is expected to get Cabinet clearance on Thursday. Rakindo has plans of building a $1.5-billion (Rs 6,000- crore) integrated township at Coimbatore which will be ready for launch after the CCEA clears the FDI […]
DLF Setting Up JV Company With Italian Major Piquadro
May 5, 2008 – 12:27 am
Real estate developer DLF is learnt to be setting up a joint venture company with Italian leather and luggage accessory major Piquadro to hawk its products in India. This is part of the real estate major’s retail strategy to bring in some of the world’s leading premium brands across categories into the country.
Marks And Spencer Confirms Joint Venture With Reliance Retail
April 19, 2008 – 6:32 am
Marks & Spencer is to enter into a joint venture aimed at establishing itself as a major retail brand in India. The JV is with Reliance Retail, part of the Reliance Industries Group. Marks & Spencer will take a 51% interest in the venture, with Reliance Retail taking the remaining 49%.
Toyota To Invest $350 MN For 2nd Plant In India
April 11, 2008 – 12:21 pm
Japanese auto major Toyota Motor Corp will invest USD 350 million (about Rs 1,400 crore) for setting up a second plant in India as part of its plans to introduce a ‘strategic’ small car in the country by 2010. Ending months of speculation over the second plant, Toyota, which runs the Indian operations through a […]
K Raheja enter in logistics business
April 10, 2008 – 8:32 am
MUMBAI: K Raheja Corp, a top real estate company, has entered into a fifty fifty joint venture with Colorado-based ProLogis, a leading owner, manager and developer of distribution facilities globally. The joint venture is for warehousing and logistic infrastructure development in India and is ProLogis’ first business in the country. According to the agreement, the […]
India approves ONGC Videsh Venezuela jv, Qatar investment
March 4, 2008 – 8:08 am
LONDON – The Indian government formally approved ONGC Videsh Ltd’s (OVL) 102.21 mn USD investment in a Qatar-based project and also its formation of a joint venture with CVP/Petroleos De Venezuela SA (PDVSA). ONGC Videsh is a unit of Oil & Natural Gas Corp, India’s largest oil and gas exploration company. The government also authorised ONGC […]
RIL Vornado Joint Venture
February 19, 2008 – 1:54 am
Reliance Industries is in advanced discussion with the New York-based Vornado Realty Trust. It is one of the world’s top five real estate asset managers. Main aim of this discussion is to float a $1-billion plus fund. The proposed fund will acquire and manage properties, mainly in the retail space, across India. People familiar with […]
Israel firms in Joint venture for realty project
February 14, 2008 – 1:53 am
Property and Building Corporation (PBC) and Electra Real Estate, both Israel based firms, today pronounced plans of developing Rs 4,000-crore real estate projects in Hyderabad, Chennai and Mysore through a recently incorporated Indian joint venture, PBEL Property Development (India), with Hyderabad-based Incor Infrastructure as a 10 percent stake holder. PBC is a subsidiary of the […]
Emaar MGF Land postpones IPO
February 11, 2008 – 8:58 am
Emaar MGF Land, a JV between one of the world`s foremost real estate companies, Emaar Properties PJSC of Dubai, and MGF Development of India, has withdrawn and postponed its initial public issue to an appropriate moment. The company decided to take this step as an outcome of the prevailing adverse market feelings, fuelled by renewed signals of […]
Emaar Purchases 1.36Percent Additional In Indian JV For Rupees 922 crore
February 1, 2008 – 11:42 pm
MUMBAI: The Dubai based Emaar group has purchased another 1.36% in its Indian joint venture Emaar MGF Land for Rs 922 crore, ahead of the initial public offer, which is considered to open on February 1. Emaar group has been assigned 13.37 million shares in the company, sources close to the arrangement said. The additional […]
