CCI Greenlights Sanyo's Stake Increase

03 May 2024 CW Team

The Competition Commission of India (CCI) has granted approval for Sanyo Special Steels to acquire an additional 15.43% stake in an Indian steel manufacturer. This regulatory clearance underscores Sanyo's strategic expansion plans in the steel industry and highlights the regulatory framework's role in fostering competition and investment.

The acquisition of the additional stake by Sanyo Special Steels signifies its confidence in the growth potential of the Indian steel sector. It also reflects the company's commitment to strengthening its presence and capabilities in the Indian market.

The CCI's approval validates the transaction's compliance with competition regulations and ensures that it does not adversely affect market dynamics or consumer interests. It underscores the commission's role in promoting fair competition and safeguarding the integrity of the marketplace.

Sanyo's increased stake in the Indian steel manufacturer is expected to have positive implications for both companies and the broader steel industry. It may lead to enhanced operational synergies, technological advancements, and investment in capacity expansion, thereby contributing to the sector's growth and competitiveness.

Overall, the CCI's approval for Sanyo's stake increase reaffirms India's attractiveness as a destination for foreign investment in the steel sector. It underscores the regulatory certainty and transparency that underpin India's business environment, facilitating investment and fostering economic growth.

Infrastructure Transport

16 Sep 2025

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..