Mumbai: The joint venture between Mukesh Ambani-owned Jio Financial Services and BlackRock, the world’s largest asset manager, for starting a mutual fund business in India has received the Securities and Exchange Board of India’s in-principle approval, according to an exchange filing on Friday. The capital markets regulator gave the nod on October 3, said Jio … Read more
Leading fresh fruit importerIG International has entered into a joint venture with Engin Tarim, the largest one piece apple manufacturer in Europe. This agreement will establish the new joint venture, IG-EnginTarim, as one of the prime planters of apple varieties in India. The partnership hopes to nurture and cultivate 50,000 tonnes of the best-of-breed apples … Read more
TORONTO/SEOUL – South Korea-based LG Electronics Inc and automotive supplier Magna International Inc are launching a joint venture that will make key components for electric cars, the companies announced on Wednesday. The joint venture, tentatively called LG Magna e-Powertrain and valued at $1 billion, will manufacture e-motors, inverters and onboard chargers, according to LG Electronics. … Read more