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...
Electronics
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...
Chip testing firm urges blocking rival Xcerra’s sale to China fund: WSJ
U.S. semiconductor testing company Cohu Inc (COHU.O) is trying to block the sale of rival Xcerra Corp (XCRA.O) to a Chinese government-controlled fund citing national security concerns, the Wall Street Journal reported...
Crompton Greaves offers Videocon Rs1,440 crore for Kenstar
Crompton Greaves Consumer Electricals Ltd has offered to pay around Rs1,440 crore to buy home appliances brand Kenstar from Videocon group, two people directly aware of the talks said. But the deal hinges on a...
Abu Dhabi’s Mubadala sells second stake in U.S. chipmaker AMD
Abu Dhabi’s Mubadala Investment Company on Friday said it sold a 3.9 percent stake in Advanced Micro Devices in its second sale of shares in the U.S.-based semiconductor company this year. State-owned Mubadala sold 40...
Toshiba to invest in chip line without JV partner Western Digital
Toshiba Corp (6502.T) said on Thursday it would go ahead with the capital investment to build a new memory chip production line without joint venture partner Western Digital Corp (WDC.O) as the two failed to reach an...
Apple seeks to expand iPhone OLED display production, invests $2.7 bn in LG
Samsung may soon not be the only supplier of OLED displays for Apple as the Cupertino-based tech company has reportedly invested $2.70 billion in LG for the production of OLED panels for its iPhones. According to a...
Greenlight Capital takes stake in Toshiba, says its funds fell 4 percent in second quarter
Hedge fund Greenlight Capital said on Friday that it had added a stake in Toshiba Corp as it expects the stock to rise once the Japanese company resolves uncertainties around its bankrupt Westinghouse unit and the sale...
Western Digital says it matched rivals’ bids for Toshiba chip unit
Western Digital Corp (WDC.O) said it matched rival bidders’ offers to acquire Japanese conglomerate Toshiba Corp’s (6502.T) flash memory unit ahead of a court hearing on Friday over whether to halt the...
