ILJIN Electronics, an Amber Group company, has acquired 60% stake in Ascent Circuits Pvt. Ltd. This will help Amber boost its electronic manufacturing services (EMS) portfolio by increasing its local value addition and...
Tatas complete acquisition of Wistron’s manufacturing facility in Karnataka
The Tata group has completed the acquisition of Taiwan’s Wistron’s manufacturing facility in Karnataka, marking its diversification into assembling Apple iPhones. The salt-to-software conglomerate signed a...
Hello Tata, goodbye Wistron: The anatomy of a $750 million takeover deal
The Tata Group’s acquisition of Wistron’s manufacturing facility, which will make it the first Indian firm to assemble iPhones, is worth a total $750 million inclusive of debt, said people with knowledge of...
UK competition watchdog probes $61 bln Broadcom -VMware deal
Britain’s competition regulator said it had started the first phase of an investigation into U.S. chipmaker Broadcom Inc’s $61 billion acquisition of cloud-computing firm VMware Inc. The Competition and...
Western Digital, Kioxia in advanced talks for merger, Bloomberg reports
Memory chip maker Western Digital Corp and Japan’s Kioxia Holdings Corp are in advanced talks for a possible merger which will involve a dual-listing, Bloomberg News reported on Friday. A combined Kioxia-Western...
Tata nears iPhone plant takeover to grow Apple supply role
Tata Group is close to taking over a major plant in southern India in a deal that would give the country its first homegrown iPhone maker. The airline-to-software conglomerate has been in talks with the factory’s owner...
Western Digital, Japan’s Kioxia restart merger talks – Bloomberg News
Memory chip maker Western Digital Corp and Japan’s Kioxia Holdings Corp have restarted merger talks, Bloomberg News reported, citing sources familiar with the matter. The report added that the structure of a...
Videocon Insolvency: Wisdom of creditors can’t fluctuate, Twinstar tells SC
The Supreme Court heard the appeal of Vedanta group’s Twinstar Technologies against the order of the National Company Law Appellate Tribunal (NCLAT). Appearing for Twinstar, Senior Advocate Abhishek Manu Singhvi said...
boAt withdraws IPO plans; to raise $60 million from Warburg, others
Imagine Marketing Pvt. Ltd, which operates audio gear and wearables brand boAt, is raising around $60 million ( ₹500 crore) in a fresh round of equity funding led by its existing backer Warburg Pincus and new investor...
Lava in advanced talks with China’s Huaqin to form a JV
Home-bred electronics maker Lava is in advanced talks for a joint venture with Shanghai-based Huaqin Technology, the world’s largest original design manufacturer (ODM) for mobiles and tablets, industry executives...
No suitors: Centre unlikely to pursue CEL disinvestment
The government is unlikely to resume the disinvestment process for Central Electronics Ltd (CEL) any time soon as it feels that the public sector enterprise may not find suitors. A top government official said that a...
HP completes $3.3-bn acquisition of hybrid work solutions provider Poly
PC and printer major HP Inc on Monday announced the completion of its $3.3 billion acquisition of Poly, a leading global provider of workplace collaboration solutions. The deal is expected to accelerate HP’s...
