Venugopal Dhoot, former promoter of Videocon Group, has moved before the NCLAT, challenging an order of the insolvency court NCLT approving Rs 2,962 crore takeover bid by Anil Agarwal’s Twin Star Technologies for...
NCLAT’s stay on the Videocon Resolution plan turns the clock back, say legal experts
The recent order of the National Company Law Appellate Tribunal (NCLAT) to stay the operation of the tribunal’s ruling in Videocon Industries Ltd (VIL) insolvency resolution process may turn the clock back for the...
Bankruptcy court allows billionaire Anil Agarwal to takeover Videocon
India’s bankruptcy court has allowed billionaire Anil Agarwal’s Twin Star Technologies to takeover Videocon Industries Ltd, according to people familiar with the matter. Twin Star, a part of Agarwal’s Vedanta Group...
Bajaj Electricals fully acquires JV firm Starlite Lighting
Bajaj Electricals on Saturday said it has bought the remaining stakes of Lighting Ltd for a cash consideration of around Rs 60 crore from its promoters. Bajaj Electricals has executed a control transfer agreement with...
Analog Devices get EU nod for $21 billion Maxim buy
U.S. chipmaker Analog Devices (ADI) has gained unconditional EU antitrust clearance for its $21 billion acquisition of rival Maxim Integrated, its biggest-ever deal, a filing on the European Commission website showed on...
Philips sells appliances arm to China’s Hillhouse for 3.7 bn euros
Philips NV will sell its household appliances arm to China’s Hillhouse Capital for 3.7 billion euros ($4.37 billion), the Dutch company said on Thursday, as it focuses on healthcare equipment. Once a sprawling...
Xiaomi to invest ₹100 crore in India over the next two years
Chinese smartphone maker Xiaomi on Thursday said it will invest ₹100 crore in India to double its retail touch points in the country to 30,000 in the next two years. The investment will help retail partners set up and...
Panasonic to buy Blue Yonder for $6.5 bn in biggest deal since 2011: Report
Panasonic Corp will buy U.S. software firm Blue Yonder for 700 billion yen ($6.45 billion), the Nikkei reported on Monday, saying it was the Japanese electronics firm’s biggest acquisition since 2011...
Dixon Technologies arm inks deal with HMD India for manufacturing Nokia smartphones
Dixon Technologies, a contract manufacturer of electronic goods, on Monday, said its wholly-owned subsidiary Padget Electronics has entered into an agreement with HMD India for manufacturing Nokia smartphones...
Qualcomm eyes challenge to Apple, Intel with $1.4 billion deal for chip startup
Qualcomm Inc on Wednesday said it will acquire Nuvia Inc, a chip startup founded by Apple Inc veterans, for $1.4 billion, with plans to put the firm’s technology into its smartphone, laptop and automotive processors...
Warburg invests $100 mn in boAt
Headphones maker boAt has raised $100 million from private equity firm Warburg Pincus at a valuation of $300 million, a validation of the company’s emergence as a local hero in electronics manufacturing and its growth...
Reports of Microsoft acquiring Sony Corp turn out to be fake
The reports that stated tech giant Microsoft has acquired Sony Corp, including Sony’s gaming division Playstation in an astounding $130 billion deal turned out to be false. The report, initially published by Spanish...
