JSW Cement, part of Sajjan Jindal’s JSW Group, has filed its draft red herring prospectus (DRHP) with capital markets regulator Sebi to raise funds through an IPO worth Rs 4,000 crore. The issue comprises a fresh equity sale of Rs 2,000 crore and an offer for sale (OFS) of Rs 2,000 crore. Under the OFS, … Read more
Mumbai: The joint venture between India’s JSW Group and MG Motor, which is owned by China’s SAIC Motor, is targeting 1 million electric vehicles sold in India by 2030, an executive for the JSW Group said on Wednesday. The venture plans to foray into the premium passenger vehicle segment, the companies said in a joint … Read more
JSW MG Motor India Pvt Ltd – the newly formed entity owned by Sajjan Jindal owned JSW Group and SAIC’s MG Motor India – plans to sell a million units of the new energy vehicles (NEVs) by 2030, said Sajjan Jindal, chairman JSW Group. “With MG we can create a new energy Maruti moment, Jindal … Read more
JSW Group and Chinese automotive manufacturer SAIC Motor-owned MG Motor India on Thursday kickstarted their joint venture that will produce both electric and internal combustion engine cars to capture a large chunk of Indian market that is primarily dominated by Maruti and Tata Motors. Parth Jindal unveiled the new brand identity for JSW MG Motor … Read more
MG Motor India is set to achieve accelerated growth with the support of JSW Group as an investor, according to CEO Emeritus Rajeev Chaba. The company has already established a strong foundation in technology, customer experience, gender diversity, and community service. Now, MG Motor India is looking forward to the next phase of growth, reported … Read more
BHUBANESWAR: The JSW group on Saturday signed a Memorandum of Understanding with the Odisha government for establishment of an Integrated Electric Vehicle (EV) and EV Battery manufacturing project at an investment of Rs 40,000 crore in the state. At Naraj in Cuttack district the JSW group will set up an EV vehicle, and component manufacturing … Read more
Ford Motor Co. unexpectedly abandoned plans to sell its Tamil Nadu plant, its sole remaining factory site in the country, after finalising a deal with the Sajjan Jindal-led JSW Group recently, said people with knowledge of the matter. The decision fuelled speculation that the US company may be considering a re-entry into the world’s third … Read more
NEW DELHI: Is Ford having a rethink on its India exit strategy? The Amercian car company has cancelled a potential deal with the JSW group for its Chennai plant, after holding very advanced-stage discussions, said sourcesWhile the company had also initiated talks with Mahindra & Mahindra previously and Taiwanese electric maker Vinfast recently for sale … Read more
Home Maharashtra ‘Promised Marriage, Ghosted Me After Sex’: Mumbai Woman Accuses Industrialist Sajjan Jindal Of Rape The woman claimed that Sajjan Jindal was attracted to her and promised to marry her and on January 24 last year, raped her at the JSW Group headquarters. Photo (India.com) Mumbai: A Mumbai-based woman has accused billionaire Sajjan Jindal … Read more
NEW DELHI: The government has received foreign direct investment (FDI) proposals worth about Rs 1 lakh crore since April 2020 from countries sharing land border with India and half of those applications have been cleared so far, a top official said. The remaining are either pending or withdrawn or rejected by the government. In April … Read more