CHINA > Germany based Rolls- Royce Power Systems and China Railway Rolling Stock Corporation (CCRC) have signed an agreement in Friedrichshafen, Germany for continuation to consider MTU engines from Rolls-Royce for CCRC

rolls royce logo The already highly productive relationship between Rolls-Royce and CCRC, with CCRC ordering around 500 MTU Series 4000 engines for locomotives used in New Zealand, Argentina and South Africa, have deepened both of their commitment to continuation of MTU engines by signing an agreement in Friedrichshafen, Germany. Both the companies have also agreed to collaborate on future power delivery solutions including More …

INDIA > Asian Development Bank (ADB) approves funding for the Second Rural Connectivity Investment Program totaling $500 million in India

Adb logo To improve rural roads in five Indian states, ADB approves a multitranche financing facility (MFF) for the Second Rural Connectivity Investment Program. The investment program is set to construct and upgrade over 12,000 kilometers of rural roads in five Indian states of Assam, Chhattisgarh, Madhya Pradesh, Odisha and West Bengal. The program builds on the first Rural connectivity investment program More …

USA > Canada based Maple Leaf Foods is set to acquire USA based Field Roast Grain Meat Co. for $120 million plus related costs

Maple leaf foods logo Field Roast Grain Meat, a leading premium grain- based meat and vegan cheese products company, is to be acquired by Maple Leaf foods for $120 million plus related costs. Field Roast Grain Meat has sales of approximately $38 million and the transaction was expected to be closed at the end of 2017 subject to customary regulations and transaction conditions. Maple More …

SLOVAKIA > US based Magna Mirror has relocated its existing manufacturing factory in Nove mesto nad Vahom to a larger facility investing additional $30 million

Magna logo Due to business growth, Magna Mirror has relocated to a larger facility investing $30 million and creating additional 150 new jobs. The new investment will go primarily to refurbish the building and install a new automated paint line. Almost twice the size of the existing facility, the new factory will be 27820 square meters. Magna is already serving its customers More …

USA > India based Infosys partners with the State of Rhode Island to establish a Infosys Design and Innovation Hub

Infosys logo A global leader in consulting, technology and next generation services, Infosys has announced a multi- year partnership with the State of Rhode Island to establish an Infosys Design and Innovation Hub that will hire 500 American workers in Rhode Island over the next five years. According to Ravi Kumar, President, Infosys: “Today’s partnership with Rhode Island marks another important step More …

USA > India based Mahindra Group has opened a new North American HQ and manufacturing in Southeast Michigan investing $230 million

Mahindra logo Mahindra Automotive North America (MANA), a subsidiary of Mahindra Group, has opened a new North American HQ and manufacturing operation in Southeast Michigan which is the first new OEM facility in over 25 years. The $230 million investment in Southeast Michigan includes a recently opened warehouse and logistics operations in Pontiac and an existing prototype operation in Troy. In the More …

INDIA > InterContinental Hotels Group (IHG) has partnered with SAMHI to rebrand 2000 rooms of SAMHI hotels to Holiday Inn Express Hotels

Holiday inn logo IHG and SAMHI have partnered to rebrand 2,000 of SAMHI rooms to Holiday Inn Express hotels. The newly signed portfolio comprises 14 hotels, including ten open hotels in Ahmedabad, Bengaluru, Chennai, Delhi NCR, Hyderabad, Kolkata, and Mumbai. Additional four hotels are in construction and the signing will set IHG hotel to 41 hotels positioning IHG as the largest player in More …

CANADA > Japan based YO! Sushi announces its acquisition of Canada based Bento Sushi for CAN $ 100 million ($78.2 million)

Yo sushi logo Bento Sushi has been acquired by YO! Sushi, the iconic Japanese restaurant group, for CAN $100 ($78.2 million) which has been facilitated by Mayfair Equity Partners who partnered with the YO! Management team in 2015. Bento Sushi is the second largest sushi brand in North America was founded in Toronto, Canada in 1996 by Ken Valvur. Bento has over 600 More …