The deal essentially acts as a point of entry for Wal-Mart into India’s highly competitive e-commerce market. Flipkart and Wal-Mart can finally level the playing field against Amazon.com, the world’s biggest online retailer. On Friday, as per a Bloomberg report citing anonymous sources, Indian e-commerce giant Flipkart has agreed to sell an a 75% equity…
The development is to be seen within the context of the SEC calling for improved clarity on cyber risk disclosures and adopt specific policies restricting executive trading in shares especially during an on-going investigation of a hack. On Tuesday, the Financial Times reported that a consortium led by Citigroup Inc, Depository Trust & Clearing Corp…
The roller-coaster ride that Toshiba is going through with its memory business, that is inextricably linked to its U.S. nuclear power business, could eventually result in the launch of an IPO for Toshiba Memory, if it fails to win regulatory approval for its sale to the Bain Capital0-led consortium before March 2018. On Monday, the…
Toshiba is now facing pressures from Apple Inc, which is demanding new terms on supply of chips in return for funding. On Wednesday, SK Hynix Inc stated its board had approved its participation in a Bain Capital-led consortium that plans to purchase Toshiba Corp’s memory chip unit for $17.7 billion (2 trillion yen) . As…
While Toshiba has narrowed down the pool of suitors, all the bids have Apple, its key customer, as a common denominator. On Friday, Japan’s Kyodo news agency reported that a group, which includes Western Digital, has sought $464 million (50 billion yen) from Apple Inc to help finance a bid for Toshiba Corp’s NAND chip…
The coming age of autonomous self-driving vehicles have necessitate close collaboration between tech companies and automakers. Toyota Motor Corp along with Intel and other tech and auto companies have formed a consortium to create an ecosystem that will cater to big data for the upcoming connected car market. The Japanese carmaker also mentioned that…
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