The Government of India’s ministry of corporate affairs (MCA) has filed a fresh petition in the Mumbai’s National Company Law Tribunal (NCLT) seeking permission to attach the assets of Videocon promoters to...
Electronics
SC gets plea on Videocon deal verdict
Anil Agarwal-controlled Twin Star Technologies Ltd has appealed in the Supreme Court against the National Company Appellate Tribunal’s (NCLAT) stay restraining the takeover of Videocon Industries, in a new twist to the...
Foxconn to buy semiconductor manufacturing facility
Foxconn Technology Group, the world’s biggest electronics contract manufacturer, said that it would acquire a semiconductor manufacturing facility, taking the company deeper into the chip business at a time of...
Qualcomm tops Magna’s bid with $4.6 billion offer for Veoneer
Chipmaker Qualcomm Inc said on Thursday it had offered to buy Swedish auto parts maker Veoneer Inc for $4.6 billion, an 18.4% premium to a bid in July by Canada’s Magna International Inc that was accepted by Veoneer’s...
Venugopal Dhoot moves NCLAT against Anil Agarwal’s Twin Star takeover bid for Videocon group
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...
