Joint Venture

AirAsia India plans to start multiple flights connecting Ahmedabad; may add five more aircraft to expand fleet size to 29

AirAsia is keen on expanding its operations in Ahmedabad by introducing flights on the Ahmedabad-Goa and Ahmedabad-Hyderabad routes.

TCS hikes stake to 66% in Japanese JV with Mitsubishi Corporation with $32.6 mn investment

IT services major Tata Consultancy Services (TCS) Monday said it is increasing its holding to 66 percent in TCS Japan Ltd - its joint venture with Mitsubishi Corporation (MC) - with an investment of 3.5 billion yen ($32.6 million or Rs 226.2 crore)

McDonald's strikes out-of-court settlement with Vikram Bakshi; buys out former Indian partner from joint venture

CPRL is now wholly owned by McDonald's India Pvt Ltd and its affiliate (McDonald's Global Markets LLC, MGM), following the completion of a settlement reached with Bakshi.

Bank of India to sell 25.05% stake in life insurance JV Star Union Dai-ichi for Rs 1,106 cr

Bank of India on Friday said it will sell 25.05 percent stake in its insurance JV Star Union Dai-ichi Life Insurance Co for at least Rs 1,106 crore

Indigo 'worst performing' carrier for consumers, Air India has best luggage policy: Parliamentary Panel

The panel has noted that during festive season some airlines were charging 8-10 times more than the normal fares

AirAsia India inducts 20th plane, becomes eligible for international flight; daily Mumbai-Bengaluru services from 15 Jan

This will be AirAsia's third entry into Mumbai after discontinuing services to the city first by AirAsia Berhad in 2012 and then by its subsidiary Indonesian AirAsia X in April this year.

New York Life picks up 2% stake in Max Financial Services for Rs 215 cr via bulk deals, open market buys

New York Life acquired 49,99,130 shares of MFS from Max Ventures Investment Holdings, a promoter group holding company, at Rs 429.50 per share in a bulk deal on Thursday.

Tata Steel-Thyssenkrupp joint venture to boost steel business sustainability: EY

With Tata Steel clinching joint venture (JV) with Thyssenkrupp to create new European steel giant, the combined strength would enhance the sustainability of steel business, EY on Monday said

Thyssenkrupp nears JV compromise deal with Tata Steel to combine their European assets

The combination of Thyssenkrupp’s and Tata Steel’s European steel assets, first announced in September, would create the continent’s second-largest steelmaker after ArcelorMittal with 15 billion euros in combined sales.

DSP Group to buy out BlackRock's 40% stake in joint venture

DSP BlackRock is a joint venture (JV) between DSP Group and BlackRock and is one of the leading asset management companies (AMCs) in the country