Japan’s Toshiba Corp. said on Thursday it is buying back a 10% stake in Westinghouse Electric Co. from minority shareholder Kazatomprom for 59 billion yen ($522 million), taking full ownership of the bankrupt US unit...
Dhoot Transmission to sign equal joint venture with US’ Carling
Aurangabad-based Dhoot Transmission, one of India’s top wiring harness maker, will enter into an equal joint venture (JV) with the US-based Carling Technologies, a leading switch maker for heavy trucks and construction...
Toshiba $18 billion sale of chip unit signed, but discord emerges immediately
Japan’s Toshiba Corp said on Thursday it had signed an $18 billion deal to sell its chip unit to a consortium led by Bain Capital LP, overcoming a key – albeit not its last – hurdle as it scrambles for funds...
Toshiba selects Bain group as buyer of its memory chip business – sources
Japan’s Toshiba Corp has selected a group led by U.S. private equity firm Bain Capital to buy its prized memory chip unit, three people with knowledge of the talks said on Wednesday, the latest dramatic twist to a...
Toshiba favors Bain group for chip sale; Western Digital talks stall – sources
Toshiba Corp (6502.T) now favors a group led by Bain Capital LP and SK Hynix Inc (000660.KS) to buy its prized semiconductor business, as it failed to bridge key gaps with its business partner and rival bidder Western...
Toshiba set to pick Western Digital-led group for chip unit: Nikkan Kogyo
Japan’s embattled Toshiba Corp (6502.T) is set to sell its memory chip unit to a consortium led by Western Digital Corp (WDC.O) for about 2 trillion yen ($18.3 billion), the Nikkan Kogyo business daily said on Tuesday...
Faced with new bid, Toshiba looks set to miss chip sale deadline
Toshiba Corp (6502.T) looks set to miss its own deadline of Aug 31 to agree an $17.3 billion sale of its chips business, a deal that would plug a gaping balance sheet hole and help the group avoid an embarrassing and...
Surya Roshni looking for a new owner; Warburg Pincus, Crompton Greaves eye controlling stake
Homegrown lighting solutions brand Surya RoshniBSE -0.19 % — remembered for the 1990s television commercials featuring Renuka Shahane, Shweta Tiwari, and Preity Zinta — is looking for a new owner. The New Delhi-based...
Govt clears strategic sale of Central Electronics
The government has approved a 100% strategic sale along with transfer of management control of Central Electronics Ltd (CEL). Incorporated in 1974, CEL is under the administrative control of Ministry of Science and...
Western Digital CEO in Japan to finalise Toshiba chip deal – source
Western Digital Corp’s chief executive is in Tokyo to finalise an agreement to buy Toshiba Corp’s memory chip business, ending months of dispute over the auction, a person familiar with the matter told Reuters on Monday...
Toshiba prioritises talks with Western Digital on chips business sale – Nikkei
Japan’s Toshiba Corp is prioritising talks with Western Digital to sell its memory chip business, as negotiations with a previously preferred bidder have stalled, the Nikkei business daily reported on Wednesday...
V-Guard to exit from the non-core B2B segment
Kochi-based consumer electrical and electronics manufacturer V-Guard is planning to exit from the business-to-business (B2B) segment to focus on its core module- the business-to-consumer (B2C) segment, while targeting...
