The National Company Law Tribunal recently allowed the amalgamation of two Panasonic India entities despite objections by the income tax department over the chances of the anti-abuse provisions of the general anti...
JIC is considering acquisition of Toshiba – Bloomberg
Japan Investment Corp (JIC) is considering the acquisition of Toshiba Corp, Bloomberg reported on Wednesday citing an unnamed source. Bain Capital and CVC Capital Partners have also proposed buying out the Japanese...
More than 10 funds consider making strategic proposals to Toshiba -NHK
More than 10 investment funds are considering making strategic proposals, including a potential buyout, to Toshiba Corp after the Japanese conglomerate said it would solicit deal offers, national broadcaster NHK...
HP to buy audio products maker Poly for $1.7 billion
HP Inc said it would buy audio and video products maker Poly for $1.7 billion in cash, a move that would help it take advantage of the electronic products boom sparked by hybrid working. The deal offers $40 for each...
UK-based Volex acquires majority stake in inYantra Tech in USD 13-mn transaction
inYantra Technologies Pvt Ltd, an electronics design and manufacturing services firm, on Monday said UK-based integrated manufacturing-services and power products company Volex plc has acquired a majority stake in it in...
Apple buys startup that makes music with artificial intelligence
Apple Inc. acquired a startup called AI Music that uses artificial intelligence to generate tailor-made music, according to a person with knowledge of the matter, adding technology that could be used across its slate of...
China approves AMD’s $35 billion acquisition of chipmaker Xilinx
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...
