The public disapproval pushed shares of Butterfly Gandhimathi by 7% before they closed at ₹1085.4 apiece on the NSE. Shares of Crompton Greaves too closed marginally lower at ₹282 apiece. Despite holding a 75% stake in...
Infosys inks deal with GE Appliances
Infosys on Tuesday said it has entered into a long-term strategic partnership with GE Appliance, a Haier company, to streamline the latter’s IT operations. As an IT services partner, Infosys will help GE...
China’s Hisense sells Serbian water heating producer to NIBE
Chinese home appliances maker Hisense has sold Gorenje Tiki, a Serbian producer of water heaters and heat pumps, to Swedish heating technology firm NIBE Industrier AB NIBeb.ST. Hisense’s Slovenian unit, Gorenje, said on...
Bajaj Electricals to acquire cookware brand Nirlep Appliances
Bajaj Electricals has entered into an agreement to fully acquire cookware brand Nirlep Appliances for a consideration of Rs42.50 crore. Subsequent to the proposed acquisition, Nirlep will become a wholly owned...
Whirlpool plans to acquire 49% in Elica PB
American white goods maker WhirlpoolNSE 1.66 % on Saturday announced it is going to acquire 49% in kitchen hood and cooking equipment maker Elica PB India for Rs 180 crore in an all-cash deal, as per a notice sent to...
Electrolux buys Anova to tap into connected products growth
Swedish home appliance maker Electrolux said on Monday it was buying precision cooker maker Anova in the United States as it looks to accelerate its development of connected devices for kitchens and homes. Home...
Samsung Electronics says to acquire U.S. appliances maker Dacor
South Korean tech giant Samsung Electronics Co Ltd said on Thursday it will acquire U.S.-based luxury appliances maker Dacor Inc, seeking to boost high-end product sales. Samsung said in a statement it will keep...
Nortek says upon termination of merger, co required to pay Melrose about $50 mln
Nortek * Upon termination of a merger agreement,under specified circumstances,co required to pay melrose termination fee of about $50 million – sec filing Source text for Eikon: Further company coverage:...
S&P – Ball Corp. ratings affirmed following completion of Rexam acquisition, outlook negative; Rexam PLC ratings lowered
S&P * Ball Corp. ratings affirmed following completion of Rexam acquisition, outlook negative; Rexam PLC ratings lowered * Lowering long-term corporate credit rating on Rexam PLC to ‘BB+’ from ‘BBB...
HomeLane Tech Acquires Startup Doowup
HomeLane, a technology backed venture offering customizable, home setup solutions including kitchens, wardrobes and entertainment units. has acquired tech startup Doowup, for an undisclosed amount. Operating in the $10...
Buy Bajaj Corp, Lupin, LIC Housing: Anand Rathi
LIC HOUSING FINANCE: BUY TARGET: Rs 492 STOP LOOSS: 459 The stock has recently taken multiple support at around Rs 453-456 zones and moving upwards after a consolidation of last 10 trading sessions. It has managed to...
