Skyworth Group, the China-based TV and appliance maker, is partnering with India’s Jaina Group to manufacture and sell Panasonic-branded televisions in India. Industry sources say Jaina is likely to hold at least a 51% stake, while Skyworth takes the remainder, though the exact structure wasn’t disclosed. The agreement was signed in China and the partners plan to launch a new product range next month. The JV also aims to build local supply chain capabilities, building on Jaina’s recent role as Panasonic’s distribution partner in India.
Jio Financial Services and Germany’s Allianz have formally launched their 50:50 insurance joint venture, incorporating Jio Allianz General Insurance. The new firm plans to offer general insurance products, including health insurance, in India. The move also follows Allianz’s earlier exit from a previous JV with Bajaj Finserv, signaling a new push into the country’s insurance market.
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TSMC is partnering with Sony Semiconductor Solutions to set up a joint venture in Kumamoto, Japan, aimed at developing and producing advanced image sensors. The deal blends Sony’s expertise in sensor design with TSMC’s manufacturing strength, signaling a major push to boost next-generation sensor production for fast-growing imaging needs.
Volkswagen Group has overtaken Amazon to become Rivian’s top shareholder, with its influence set to keep growing. The shift is tied to a $5.8 billion joint venture, under which VW’s stake will continue expanding. The change signals a major reshuffle among Rivian’s key backers and could reshape expectations for the EV maker’s next phase.
Brigade Group and Bain Capital will form a 50:50 joint venture to develop a 2 million sq ft mixed-use project in Bengaluru. The investment is about Rs 2,200 crore and will include Grade A office space plus a five-star hotel. The development is planned on ITPL Main Road in Whitefield, near the metro station.
Magellanic Cloud and Rayonix Tech have formed a Rs 100-crore joint venture to manufacture drones in India, partnering with Israel’s Xtend. The project is designed to address rising demand for advanced unmanned aerial vehicles, with drone sets expected within four to six months. Backed by Israeli collaboration, the initiative could strengthen India’s defence readiness.
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Jio Financial Services has partnered with Germany’s Allianz Group in a 50 50 general and health insurance joint venture. The equal collaboration will focus on building products specifically designed for Indian customers, targeting demand for coverage that fits local needs across both health and everyday insurance categories.
JSW Steel and South Korea’s POSCO Group have formed a joint venture to build a new steel plant in Odisha with capacity of 6 million tonnes per annum. The partnership underlines deepening strategic ties between the two steel majors, and supports JSW Steel’s expansion plans as India and South Korea move to strengthen industrial cooperation during the South Korean President’s visit.
Jio Financial Services’ board has approved and signed a joint venture agreement with Allianz for a 50:50 domestic general insurance company. The JV, Allianz Jio Reinsurance Ltd, was incorporated in September 2025 and will begin operations after regulatory clearances. JFS says the venture will combine its digital reach with Allianz’s product expertise, following a July 2025 collaboration announcement and a ₹147.5 crore infusion.
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