LITHUANIA > Japan based Yazaki expands its production capacity at Klaipėda, Lithuania

Yazaki logo For producing wire harnesses for Daimler (Mercedes-Benz), Yazaki is expanding its production capacity at Klaipėda, Lithuania employing 400 new employees both as production line workers and specialists such as engineering staff, technologists, electronic specialist, automation specialists and electrical engineers. The company also plans to provide qualifications and licences required for all new employees. The plant in Klaipėda produces wire harness More …

INDIA > China based Tencent has finalized $400 million investment in India based ride sharing app Ola

Tencent logo The paperwork has been finalized and the deal is awaiting approval from CCI as China’s Tencent has finalized $400 million investment in ride-hailing Ola valuing Ola at over $3.8 billion. Sizeable portion will be allotted towards boosting the electric vehicle segment. Ola could also raise additional capital from US- based hedge funds Coatue Management. Ola has raised $2 billion from More …

SERBIA > Nepal based CG group opens up a manufacturing facility in Serbia creating 1200 new jobs

Chaudhary Group logo Makers of the popular Wai Wai noodles, Chaudhary Group has ventured into the European Market by establishing its first manufacturing plant in Serbia. Wai Wai is claimed to have 27 percent market share for instant noodles in India as 8 of the 15 CG foods manufacturing facilities are based in India. Strategically positioned at Ruma in Serbia, the location of More …

USA > India based Millitoons Entertainment has acquired 100% stake in US based Kirksville Hospitality Inc. which runs a franchise of Holiday Inn for $4.83 million

holiday inn Millitoons Entertainment has announced that it has owned 100% stake in Kirksville Hospitality Inc. which runs a hotel under Holiday Inn franchise for $4.83 million. Millitoons Entertainment has a subsidiary based in the US named Mient Hospitality LLC which was used for this transaction. Kirksville Hospitality has had gross revenue of $1.96 million in the last fiscal year. About Millitoons More …

AUSTRALIA > India based Strides Shasun’s subsidiary Arrow Pharmaceuticals has acquired US based Amneal Pharmaceuticals Australian operations for AUD 17 million ($13.3 million)

strides shasun logo To expand its presence in the generics market in Australia, Strides Shasun’s Australian subsidiary Arrow Pharmaceuticals has acquired the Australian operation of the US- based Amneal Pharmaceuticals for AUD 17 million ($13.3 million). According to Dennis Bastas, Chairman of Arrow Pharmaceutical, bringing Amneal’s customer base into Arrows network of pharmacies will be very beneficial for Arrow’s growth. Amneal was founded More …

NETHERLANDS > Germany based Thyssenkrupp and India based Tata Steel sign an MOU to create Europe’s No. 2 steelmaker

tata steel logo Germany’s Thyssenkrupp and India’s Tata Steel have signed a MOU to create a 50-50 joint venture to create Europe’s No.2 steelmaker after ArcelorMittal. The expected synergies of the two Europe steel giant is supposed to be 400- 600 million euros ($480-720 million) worth. The consolidation of the two companies will be headquartered in Amsterdam, The Netherlands to address overcapacity in More …

USA > Switzerland based Nestlé invests $500 million to own 68% share in Blue Bottle

nestle logo Investing around $500 million in indie coffee brand, Blue Bottle, Nestlé has acquired 68 percent in the Bay Area- based company. Blue Bottle was founded in 2002 as a small roaster which currently has grown to 50 minimalist- cool- high end coffee shops in Bay Area, LA, NYC and Tokyo. The investment will enable Blue Bottle to invest in new More …

RUSSIA > China based CEFC to acquire 14.2% stake in Rosneft from Glencore and QIA Consortium for about $9 billion

CEFC logo photoshop CEFC, a Chinese oil company, is set to buy 14.2% stake in Rosneft from Glencore Plc and Qatar’s sovereign wealth fund with the companies only retaining 0.5 % and 4.7% of their stake respectively. Glencore and Qatar SWF will pay their debt for buying their initial stake for about $12 billion. This deal is a departure from trend in China More …