NDR Auto, Hayashi Form JV; Mitsu Chem Wins Risk Award

14 May 2025 CW Team

NDR Auto Components Limited has entered into a 50:50 joint venture with Japan-based Hayashi Telempu, with both firms investing Rs 333 million each. The partnership aims to introduce cutting-edge automotive interior solutions, including technologies for noise, vibration and harshness (NVH) control and ambient lighting, to the Indian market. Their first order鈥攁mbient lighting systems for Toyota鈥攚ill feature vehicle-mounted illumination for shift levers, headliners, and instrument panels.

Hayashi Telempu, with 2024 revenues of USD 2.1 billion, brings deep expertise in cabin comfort and product innovation, while NDR Auto leverages its established presence in the Indian auto component sector. The companies plan to eventually localise production of these offerings.

Meanwhile, Mitsu Chem Plast Limited has been honoured with the 鈥淢aster of Risk 鈥� Manufacturing (Small Cap)鈥� award at the 11th India Risk Management Awards hosted by CNBC-TV18. Recognised for its robust risk management practices in manufacturing hospital furniture components and packaging products, Mitsu received the accolade among peers from Wipro, Tata Group, Hindustan Zinc, and others. Chairman Jagdish Dedhia credited the award to the firm鈥檚 proactive approach and organisational resilience.

Infrastructure Urban

13 Jun 2025

Reliance, Diehl Advance Pact for Precision-Guided Munitions

Diehl Defence CEO Helmut Rauch and Reliance Group鈥檚 Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence鈥檚 long-term commitment to the Indian market and its support for the Indian Government鈥檚 Make in India initiative. The partnership鈥檚 current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the 鈥淰ulc..

Infrastructure Urban

13 Jun 2025

Modis Navnirman to Migrate to Main Board, Merge Subsidiary

Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company鈥檚 growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..

Infrastructure Urban

13 Jun 2025

Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025

The Bharat InvITs Association鈥檚 industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States鈥� share of global activity below 15 per cent. Meanwhile, in..