Global automakers including Volkswagen’s Audi, Mercedes-Benz, BMW and Jeep are tapping into this market. Of the 1.5 million cars sold in Mexico in 2017, only a tiny fragment were armored. In an interesting turn of events, high levels of violent crimes in Mexico is acting as a growth engine for the country’s car-armoring business, with…
China is making concerted efforts to bridge the strategic gap, vis-a-vis the U.S, that it currently lacks, in manufacturing semiconductors.
The move marks a return to a segment that Sharp left nearly 8 years ago. It also underscores Sharp Corp’s improved health under Foxconn’s management. On Tuesday, Sharp Corp disclosed it will acquire Toshiba Corp’s personal computer business for $36 million. The announcement underscores its recovery under Foxconn and marks its return to a business…
The completion of the sale was way ahead of the expected time frame of end-March. Chinese antitrust authorities extensively reviewed the deal before providing its approval. On Friday, Japan’s Toshiba Corp stated, it had completed the $18 billion sale of its NAND memory chip unit to a consortium led by U.S. private equity firm Bain…
The deal will see America Tower Corporation rise to the top 5 players in the African continent, with Kenya alone having 41 million mobile subscribers. The deal appears to be long term cost synergies. On Monday, America Tower Corporation stated it will acquire Telkom Kenya’s transmission towers business for an undisclosed amount. The deal, expected…
Oracle had reported a 31.7% rise in its cloud business which touched $1.57 billion in the last quarter. On Monday, Safra Catz, Oracle Corp co-CEO stated, she expects to see an acceleration in the company’s cloud business. Her statement comes in the wake of Oracle sales figures falling short of analysts’ expectations. As a clarificatory…
The forward looking deal targets the hybrid and self-driving car market. On Thursday, Japanese truck maker Hino Motors Ltd stated it has formed a strategic tie-up with Volkswagen Truck & Bus GmbH. Toyota Motor Corp holds a majority stake in Hino Motors Ltd. The tie-up will enable the Hino Motors to expand in areas such…
Here is why the Blackstone Group acquired a majority stake in Thomson Reuters Financial and Risk business – data is the new oil. Tony James, Blackstone Group LP’s President made it amply clear to investors that the future of Thomson Reuters Financial and Risk business is in selling data and not in selling terminal desktop…
While confirming AXA sticking to it’s financial targets for 2016-2020, CEO, Thomas Buberl, has unveiled an intrinsic operating model that simplifies and refocuses the firms resources so as to boost shareholder’s value. On Tuesday, French insurer AXA confirmed that it was on on the path to meet its key 2020s financial targets thus extending the…
Netflix wants to be a movie studio. However, unlike Amazon Prime Video which runs its content through theatres before streaming them, Netflix has taken a more stringent stand which has the theatre owners up in arms. While Netflix has been producing some original content at a steady pace, but despite its volume of work, acquiring…
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