Daily Archives: October 5, 2017

Bain Capital aims to list Toshiba chip unit in 3 years

U.S. private equity firm Bain Capital LP on Thursday said it aims to list Toshiba Corp’s chip unit on the Tokyo Stock Exchange within three years, to cash in its investment after leading an $18 billion acquisition of the business. Bain, whose consortium signed the purchase deal last week, also said it hopes to settle

Wipro buys US-based consultancy firm Cooper for $8.5 million

India’s third largest IT services company Wipro has acquired US-based design and business consultancy firm Cooper, which counts Google and Starbucks as clients, as it looks to strengthen its digital offerings to clients globally. Cooper, which Wipro is buying for $ 8.5 million (Rs 56 crore), will be integrated with Designit, the digital arm of

Indian govt considering exemptions sought by Apple, says official

The Indian government is considering exemptions sought by Apple Inc for setting up a unit to assemble iPhones, Ramesh Abhishek, the top bureaucrat in the Department of Industrial Policy and Promotion, said on Thursday. The department is a part of India’s commerce and industry ministry. Apple has asked federal government officials for a range of

Competition in telecom coming down, says Sunil Mittal

India’s largest telecom company Bharti Airtel today said it is awaiting the report by a high-level inter-ministerial panel and the government on stress in the telecom sector where competition is “going down” as a result of consolidation. “We are waiting for IMG (inter-ministerial group) and Telecom Commission report,” Mittal told reporters on the sidelines of

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