China’s top television maker TCL Electronics is in talks with several Indian companies to sell a 51% stake in its display manufacturing plant in the country, seeking $600-800 million (₹5,708-₹7,611 crore) for the...
Electronics
OnePlus merged with Realme? Here’s the latest on what’s happening with Oppo sub-brands
Has OnePlus merged with Realme? Fresh reports have added a new twist to the ongoing uncertainty around OnePlus, suggesting the smartphone brand may now be merging its operations with Realme. The development, if...
Japan’s Nojima to buy Hitachi’s consumer appliances unit for more than $630 million, Nikkei reports
Japanese electronics retailer Nojima is planning to buy Hitachi’s consumer appliances unit Hitachi Global Life Solutions for more than 100 billion yen ($630.32 million), the Nikkei newspaper reported on...
Elliott takes stake in Japan’s Daikin, calls for higher returns
Elliott Investment Management said on Thursday it has taken a stake in Daikin and thinks the manufacturer of air conditioners should improve margins and shareholder returns and review non-core assets. Elliott did...
Samsung Electronics’ shareholder Shinhan Bank launches $2.1 billion share sale – term sheet
Samsung Electronics shareholder Shinhan Bank launched a sale of about $2.1 billion worth of shares in the South Korean company, according to a term sheet seen by Reuters on Wednesday. Shinhan Bank is offering 15...
NCLAT dismisses Dhoot brothers’ plea in ₹5,354 crore SBI insolvency case
The appellate tribunal NCLAT has dismissed petitions filed by two Dhoot brothers – Rajkumar Nandlal Dhoot and Pradeep Nandlal Dhoot, challenging the initiation of personal insolvency against them over a default...
Syska LED insolvency draws four bidders, including promoter and Mutares Group
The insolvency resolution process of Syska LED Lights has attracted interest from four parties-the company’s promoter, Germany-based turnaround investor Mutares Group, Aikyam Stressed Asset Fund and Cyfuture...
Bharti Enterprises-Warburg to plug into Haier’s India arm
Bharti Enterprises and Warburg Pincus will together buy 49% of Chinese consumer electronics maker Haier’s India arm, the culmination of more than a year of negotiations, as the company steps up to challenge the...
China clears Haier to dilute stake in India arm; Bharti–Warburg set to buy 49%: Sources
Chinese electronics major Haier has received the approval from the Chinese government to sell 49% stake in the wholly-owned Indian arm, Haier Appliances India, paving the way for the stake sell to Bharti Enterprises...
Samsung Electronics unit Harman to acquire ZF Group’s ADAS business for $1.8 billion
Samsung Electronics announced on Tuesday a $1.8 billion deal to acquire Germany’s ZF Friedrichshafen’s autonomous driving technology unit to combine it with its audio business and offer next-generation in...
Indian Link Chain Manufacturers to acquire majority stake in RRP Electronics
Indian Link Chain Manufacturers Ltd is acquiring a majority stake in RRP Electronics, which will help the company enter semiconductor, medical devices and other high-technology sectors, a statement said on Friday. The...
Whirlpool offloads 11.2% stake in Indian unit through bulk deals
American appliance manufacturer Whirlpool Corp on Thursday sold an 11.2% stake in its Indian listed unit, Whirlpool of India, through bulk deals as part of a plan to reduce its shareholding to around 20% from 51%...
