This strategic move is aimed at bringing a sense of finality to its bid of divesting its chip business following months of delays. Toshiba Corp has stated it will be building a new semiconductor plant in Iwate, northern Japan, even as it makes efforts to sell its memory chip business to raise funds. Significantly, it…
In 2018, Nissan plans on releasing another version of the Leaf which will have a driving range of “more than 300 miles” In a significant development that underscores Nissan Motor Co’s efforts at stimying criticism over its limited driving ranges in its EV offerings, the company has launched a revamped version of its Leaf electric…
Revamping a stalled effort to showcase its mobile software for users in emerging markets, Google is teaming with China’s Xiaomi Corp. to resurrect its Android One smartphone program for India. The first under the Android One banner, the Xiaomi’s Mi A1 dual-camera device goes on sale Tuesday for 14,999 rupees ($234). Noting a persistent weakness when compared…
Issuing the strongest regulatory challenge so far to the burgeoning market for digital token sales, China’s central bank has asked issuing the strongest regulatory challenge so far to the burgeoning market for digital token sales and declared that initial coin offerings are illegal. Following this, bitcoin tumbled the most since July. It will strictly punish…
The deal is significant since it will allow United Technologies Corp to negotiate better rates with Airbus and Boeing for airplane components. In a significant development United Technologies Corp, an aerospace supplier has agreed to acquire avionics and interiors maker Rockwell Collins Inc for $30 billion. The deal marks the creation of the world’s largest…
The two previous attempts at a mergers were unsuccessful due to its sheer complexity. This time with Schneider Electric separating its software business ahead of the merger proved instrumental in signing the deal. On Tuesday, Britain-based Aveva Group disclosed that it has agreed to be acquired by France-based Schneider Electric’s software business and in the…
Application for a U.S. initial public offering was filed by Roku Inc., the maker of devices and software for streaming video that was an early challenger to traditional home-entertainment providers. Noting that the proposed value of the offering is a placeholder used to calculate fees and will probably change, the company listed an initial offering…
For its 90 million motorbike and scooter riders, Vietnam wants to design and make cars. aiming to roll out the first car in 24 months, plans to invest up to $3.5 billion to set up a manufacturing and research and development complex, were announced by the country’s largest real-estate company Vingroup JSC. Vingroup Vice Chairwoman Le…
South Korean companies face the brunt of China’s fury as the South Korean government deploys U.S. THAAD missiles to protect itself against a nuclear armed North Korea. Here’s how Beijing is protecting its North Korean ally. On Monday, South Korean automaker Hyundai Motor disclosed it would be replacing the head of its China operations. The…
This is likely to be a huge opportunity for private players, including MNCs, to help modernise Israel’s infrastructure. In a significant development, Israeli Prime Minister Benjamin Netanyahu has disclosed at the start of Israel’s weekly cabinet meeting, that he would soon unveil a multi-year infrastructure spending plan worth more than $28 billion The planned projects…
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