JSW Group Eyes More EV Partnerships, In Talks with Geely

31 Dec 2024 CW Team

JSW Group, the diversified steel-to-paints conglomerate, is in talks with several major automakers to expand its presence in the Indian electric vehicle (EV) market. Among the original equipment manufacturers (OEMs) JSW is negotiating with is Chinese auto giant Geely. The company is reportedly keen to launch multiple EV lineups, spanning both passenger and commercial vehicles.

JSW’s pursuit of additional partnerships stems from its aggressive strategy in the automotive sector. The joint venture with SAIC, forming JSW MG Motor India in 2023, is not exclusive, allowing JSW to seek new partnerships in various vehicle segments. The fact that SAIC did not offer JSW a majority stake in MG could be a factor in the company's decision to explore other opportunities.

Currently, JSW holds a 35% stake in MG Motor, while Everstone Capital owns 8%, and the remaining 49% is held by SAIC.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..