Japanese electric & thermal energy major Fuji Electric Co. Ltd. has acquired Consul Neowatt Power Solutions, Chennai based leading power backup manufacturer for Rs.720 crore). This is the first ever acquisition of...
Japan Display, in need of funds, says Taiwan’s TPK decided not to invest
Japan Display Inc on Monday said it has received notice from TPK Holding Co Ltd that the Taiwanese screen maker has decided not to invest a proposed $230 million, muddying the outlook for the Apple Inc supplier. The...
Anchor by Panasonic plans 3 buyouts, unit in Andhra Pradesh
Flush with cash and a debt-free balance sheet, Anchor by PanasonicNSE 6.63 %, the electrical major, is looking at three acquisitions as well as building a new facility in Andhra Pradesh, and is targeting an annual...
Bank of Maharashtra to sell Videocon’s TN unit to recover Rs 154-cr debt
Bank of Maharashtra (Mahabank) will sell the consumer electronics manufacturing plant of Videocon Industries in Tamil Nadu in an auction to recover its outstanding debt worth Rs 153.77 crore. The bank has issued a...
Titan ties up with American watchmaker FTS
Titan Company NSE -0.43 % Tuesday said it has entered into an alliance with FTS USA LLC to assist in setting up an assembly unit of the American watchmaker. As part of the partnership, Titan will further extend its...
Nvidia outbids Intel to buy Israel’s Mellanox in data centre push
U.S. chip supplier Nvidia Corp has agreed to buy Israeli chip designer Mellanox Technologies Ltd for $6.8 billion, beating rival Intel Corp in a deal that would help the firm boost its data centre and artificial...
Nvidia nears deal to acquire Mellanox Technologies: source
Chipmaker Nvidia Corp is nearing a deal to acquire peer Mellanox Technologies Ltd for more than $7 billion in cash, a person familiar with the matter said on Sunday. The deal would be Nvidia’s biggest-ever acquisition...
Bain, Carlyle in bid talks with German lightmaker Osram
Bain Capital and Carlyle Group are considering a joint offer for Osram, the German lighting group which has been the subject of bid speculation said on Wednesday. Osram, whose stock closed up 14.46 percent to reach its...
Sony stock perks up after first-ever share buyback announcement
Sony Corp announced its first-ever share buyback on Friday, worth 100 billion yen ($910 million), helping its stock recover somewhat from the hammering it received earlier in the week when the technology firm reported...
Intel offered up to $6 billion for Israel’s Mellanox: reports
U.S. chipmaker Intel Corp has bid $5.5-$6 billion in cash and stock to buy Israel’s Mellanox Technologies, Israeli media reported on Wednesday. A $6 billion offer would represent a 35 percent premium to the last closing...
iPhone assembler Hon Hai invests $213.5 million in Indian unit
Key iPhone assembler Hon Hai Precision Industry Co., also known as Foxconn Technology Group, is increasing its presence in Vietnam and India amid the growing trade spat between the US and China. In a series of filings...
Toyota, Panasonic announce battery venture to expand EV push
Toyota Motor Corp and Panasonic Corp are launching a joint venture next year to make electric vehicle (EV) batteries, leveraging the heft of one of the world’s largest automakers and battery makers to expand their EV...
