Chinese regulators have granted approval for Advanced Micro Devices Inc. to buy Xilinx Inc., clearing the way for one of the largest deals to emerge from the global semiconductor industry. The State Administration for...
Twin Star Technologies moves SC against NCLAT stay in Videocon case
Twin Star Technologies, a promoter entity of the Vedanta Resources group, has moved the Supreme Court against the National Company Law Appellate Tribunal (NCLAT) order, which set aside the approval granted by the Mumbai...
Videocon Industries lenders to vote on restarting the corporate insolvency process
Lenders of consumer durable company Videocon Industries and its 12 units on Wednesday decided to vote on starting afresh the resolution process of the Venugopal Dhoot-promoted group as directed by the appellate...
Govt puts divestment of CEL on hold
The government has put disinvestment of Central Electronics Limited on hold pending examination of allegations made by the public sector enterprises’ employees association, a top official told Mint. The letter of intent...
Toshiba walked away from potential buyout talks and Brookfield offer -sources
Japan’s Toshiba Corp walked away from potential private equity buyout offers at a substantial premium, as well as advanced talks for a minority stake from Canada’s Brookfield, according to three people...
Nandal Finance gets nod to buy Central Electronics for ₹210 cr
A ministerial group, comprising Union ministers Nitin Gadkari, Nirmala Sitharaman, and Jitendra Singh, has approved a ₹210-crore bid by Nandal Finance and Leasing Pvt. Ltd to acquire state-owned Central Electronics Ltd...
Ericsson to buy cloud firm Vonage for $6.2 billion
Mobile telecoms equipment maker Ericsson said on Monday it had agreed to buy cloud communications firm Vonage for $6.2 billion. “The merger agreement was approved unanimously by the Board of Vonage,”...
Legrand to focus on IoT, automation; scouting for more acquisitions
French electricals and digital building infrastructure major Legrand expects IoT, energy efficiency, connectivity, and user-interface product verticals to drive its business in India, contributing the bulk of its...
Toshiba announces plan to split into 3 firms, shareholder reaction in focus
Japan’s Toshiba Corp outlined plans on Friday to break up into three independent companies by spinning off two core businesses – its energy and infrastructure business as well as its device and storage...
Japan’s Toshiba says considering split into three separate units
Toshiba Corp is considering splitting itself into three companies focused separately on infrastructure, devices and memory chips, a spokesperson said on Monday, a move that could address the Japanese firm’s...
Reconsideration after selection of bids possible under law: Videocon lenders to NCLAT
Lenders to Videocon group on Wednesday requested the insolvency appellate tribunal NCLAT to allow them to reconsider Twin Star Technologies’ bid for the debt-laden group. Twin Star Technologies had earlier emerged...
Nvidia offers EU concessions over $54 billion Arm deal
Nvidia has offered concessions in a bid to secure EU antitrust approval for its $54 billion acquisition of British chip designer Arm, a European Commission filing showed on Wednesday. The deal announced by world’s...
