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Sintex buys 100% stake in France-based Nief

Sintex France SAS, a downstream subsidiary of Sintex Holdings BV, Netherlands (Sintex Offshore Holdings) has acquired 100% shareholding of Nief Plastics SA, France (Nief). Sintex Offshore Holdings is a wholly-owned subsidiary of Sintex Industries. The deal has been finalised as a cash transaction of euro 30.70 million (equity value). According to a release issued by Sintex to the BSE today, Nief Plastics manufactures a wide range of exterior and interior plastic component systems and thermosets. The products are widely used not only in the electrical, automotive, and aerospace sectors, but also in household appliances, building industry, sports / leisure as well as the finished products market. [...]

Cisco extends venture investment in India by another 100 mln usd

Cisco Systems Inc said it is extending another 100 mln usd to its venture investment in India and, as a initial step, is collaborating with Satyam Computer Services to explore a new operation in healthcare management. The network equipment maker also expects 60-70 pct of its growth to come from emerging countries, including India, the company said today at the inauguration of its globalisation centre in India's software hub Bangalore. (CNN) [...]

JPMorgan Starts $2 Billion India Infrastructure Fund

JPMorgan & Chase Co., the third- largest U.S. bank, set up a $2 billion fund focusing on infrastructure investments in India, where spending on roads, ports and power may double over the next five years. The fund will be ready to invest in companies and projects by the end of this year, Anil Bhalla, managing director of the Asian Clients Group at J.P. Morgan Securities Inc., said in an interview in Mumbai yesterday. JPMorgan joins Blackstone Group, Citigroup Inc. and ICICI Bank Ltd. in starting infrastructure funds in India, the world's fastest growing major economy after China. The nation may ease borrowing restrictions to help finance an estimated $500 billion required in public works by 2012, according to Finance Minister Palaniappan Chidambaram. [...]