GM seeks Centre nod for venture with 20th Century Finance
General Motors Corporation has submitted a proposal to the Union government for setting up a financial services company in a joint venture with 20th Century Finance Corporation. General Motors will pick up 51% equity stake in the JV through its wholly-owned subsidiary General Motors Acceptance Corporation.
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Tractebel sets up fully-owned arm for Saarc business
Tractebel, the Brussels-based international utility and industrial services group, has set up a wholly-owned subsidiary in India. Incorporated as Tractebel Energy South Asia Private, the company has been headquartered in Bangalore to take up project development work in the fields of power and gas.
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