Archives
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COMPUTERS 
March 29, 2018 Toshiba Awaits Regulator Approval for Key Chip Unit Sale
HIGHLIGHTS The firm had agreed to sell its memory chip business to Bain Capital Toshiba had expected to meet all the sale conditions by March 23 It’s China’s anti-trust law” that is holding up the sale: Toshiba Embattled Japanese conglomerate Toshiba said Monday it was still waiting for regulators to approve the key sale of its chip […]
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ELECTRONICS 
September 22, 2017 Toshiba Prepares to Formalise Chip Unit Sale to Bain Capital, Rejected Suitor Steps Up Legal Action
Japan’s Toshiba is expected to formalise the sale of its prized memory chip unit on Thursday to a group led by US private equity firm Bain Capital, even as jilted suitor and joint venture partner Western Digital took fresh legal action. The embattled conglomerate said on Wednesday it had agreed to the sale, but the formal signing of the […]
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NEWS 
July 19, 2017 Decision on Western Digital’s Bid to Block Toshiba Memory Unit Sale Postponed
A US judge did not reach a decision Friday in Western Digital’s bid to temporarily block Toshiba from selling its flash memory business in an $18 billion deal but proposed requiring Toshiba to give Western Digital two weeks’ notice before closing. Toshiba is scrambling to sell its flash memory unit to cover losses from its nuclear reactor business. In late June, […]
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ALL DEALS 
September 3, 2016 TPG Said to Be Among Possible Bidders for Intel Security Unit McAfee
TPG Said to Be Among Possible Bidders for Intel Security Unit McAfee HIGHLIGHTS Deal could value McAfee at as much as $3 billion Intel is also talking to other potential bidders Intel’s strategy to focus on its more profitable data-center business TPG is among potential bidders for Intel Corp.’s computer-security unit McAfee, people with knowledge […]
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ELECTRONICS 
August 5, 2016 Foxconn Hires Ex-Staff Of Nokia Chennai Plant For Andhra Pradesh Unit: Report
Foxconn was earlier a major supplier to Nokia’s plant. Chennai: Electronics equipment maker Foxconn India has re-employed over 2,000 workers of its two closed plants near here for its assembling unit at Sri City Special Economic Zone in Andhra Pradesh. The company has also hired most of around 3,000 staff at Nokia’s facility at Sriperumbudur […]
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COMPUTERS 
June 2, 2016 HP company to Merge IT offerings Unit With laptop Sciences
Hewlett Packard enterprise Co stated it might spin off and merge its suffering IT services business withcomputer Sciences Corp , allowing the agency to recognition on its cloud offerings commercial enterprise and different fast–growing units. shares of Hewlett Packard business enterprise, formed after Hewlett-Packard Co formally cut up in November, rose 10.5 percentage in extended […]
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ALL DEALS 
May 19, 2016 SecureWorks raises $112 Million in year’s First technology IPO’Dell Inc’s cyber-safety unit SecureWorks
Corp raised $112 million inside the first US preliminary public imparting of a technology company in 2016,less than it had hoped for, amid investor skepticism over its income margins and prospects. marketplace jitters and fluctuations in generation shares have kept buyers skittish about the world. This time ultimate 12 months, six generation organizations had already […]
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NEWS 
March 30, 2016 Japan’s NTT Data Agrees to Buy Dell’s IT Services Unit for $3 Billion
Japan’s NTT Data Corp said on Monday it has agreed to buy Dell Inc’s information technology consulting division for over $3 billion to expand in North America and bolster its services business. The move will allow US computer maker Dell to trim some of the $43 billion in debt it is taking on to fund […]
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COMPUTERS 
March 30, 2016 Dell Nears Sale of IT Services Unit to Japan’s NTT Data: Report
Dell Inc is set to announce an agreement on Monday to sell its non-core information technology consulting division to Japan’s NTT Data Corp for $3.5 billion, people familiar with the matter said on Sunday. The move will allow US computer maker Dell to trim some of the $43 billion in debt it is taking on […]
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NEWS 
March 11, 2016 Flipkart restructures core unit, shuffles senior staff
Binny Bansal, new CEO of Flipkart. Photo: Pradeep Gaur/Mint Bengaluru: Flipkart Ltd has restructured the company’s core retail and marketplace business and moved many of the firm’s senior executives into new roles, a day after it named co-founder Binny Bansal as its new chief executive officer (CEO), said two persons familiar with the matter. Flipkart’s […]
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ALL DEALS 
March 8, 2016 Amazon pumps Rs1,696 crore into Indian unit
The latest infusion, which came in December, is the single largest tranche of funds received by Amazon Seller Services Pvt. Ltd, the Indian unit of Amazon, since 2014, according to documents filed with the Registrar of Companies. Photo: Reuters Bengaluru: Amazon.com Inc., the world’s largest online retailer, has infused an additional Rs.1,696 crore into its […]
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ALL DEALS 
March 3, 2016 Ather Energy to set up new manufacturing unit in Bengaluru
A file photo of founder Tarun Mehta. Photo: Mint Bengaluru: Ather Energy Pvt. Ltd, an electric two-wheeler maker and technology start-up, will invest Rs.23 crore to set up a manufacturing unit in Whitefield, Bengaluru, to produce its first electric scooter. Founded by Tarun Mehta and Swapnil Jain at the IIT Madras research park, Ather’s new […]
