Toshiba Corp said on Thursday that China regulators have approved the $18 billion sale of its chip unit to a consortium led by U.S. private equity firm Bain Capital, marking the end to a year-long saga surrounding its...
Consumer electrics start-up boAt raises Rs6 crore from Fireside Ventures
Consumer tech start-up boAt, which makes electronic products such as speakers and headphones, has raised Rs6 crore in a round led by early-stage venture capital firm Fireside Ventures, the company said on Thursday. The...
China’s Xiaomi files for mega Hong Kong tech IPO, lifts lid on financials
Smartphone and connected device maker Xiaomi filed for a Hong Kong initial public offering on Thursday that could raise $10 billion and become the largest listing by a Chinese technology firm in almost four years...
Qualcomm easing licensing terms in bid to strike deals
Qualcomm Inc’s earnings call on Wednesday showed just how far the company is willing to go to preserve one of its core business practices of taking a cut of the selling price of phones. The San Diego-based chipmaker...
Toshiba still aiming to complete sale of memory chip unit soon
Toshiba Corp (6502.T) said on Monday it is still aiming to complete the sale of its memory chip business soon, following media reports it had decided to cancel the $18.6 billion sale if it did not get approval from...
Samsung Electronics to maintain stake in Samsung Heavy after rights issue
Samsung Electronics Co Ltd (005930.KS) said on Friday it will participate in a rights issue by Samsung Heavy Industries Co Ltd (010140.KS), buying 204 billion won ($192 million) of shares. Samsung Electronics owned a 16...
Why Videocon giving up Philips and Electrolux may be too little, too late
What happened? Yesterday, the Economic Times reported that beleaguered consumer-durables firm VideoconBSE 3.55 % is mulling giving up its licence to make and sell televisions under Dutch brand Philips and appliances...
Videocon may exit Philips, Electrolux pact
Financially distressed VideoconBSE 3.91 % Group may give up India rights for two global brands — Philips in the TV business and Electrolux in appliances — after being unable to sustain production without working...
Toyota affiliate Denso buying stake worth $800 million in chipmaker Renesas
Japanese auto parts supplier Denso Corp (6902.T) is buying an additional 4.5 percent stake in chipmaker Renesas Electronics (6723.T) in a deal worth $800 million based on market prices, as car makers accelerate the...
GE moves to sell part of overseas lighting business
U.S. industrial conglomerate General Electric (GE.N) has reached a deal to sell parts of its overseas lighting business to a company controlled by former executive Joerg Bauer for an undisclosed amount. Bauer most...
Qualcomm meets Broadcom to discuss $121 billion acquisition offer
Qualcomm Inc said on Wednesday it met with Broadcom Ltd earlier in the day to discuss the latter’s revised $121 billion bid, the first time the chipmakers have discussed what would be the technology sector’s largest...
Ridaex Tech acquired by their branding partner GotMatter Pvt Ltd
GotMatter Pvt Ltd a Bangalore based IT & E-Commerce company has succeeded in acquiring Ridaex Technologies which had made a name for itself by manufacturing the 1st Indian Made LED Smart TVs. In fact, this is the...
