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...
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...
