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Hitachi to announce purchase of $7 bn ABB's power grid business today; pact to be Japanese conglomerate's largest-ever acquisition
Hitachi Ltd and ABB will announce on Monday a plan for the Japanese conglomerate to buy the Swiss engineering group’s power grid business, paying up to $7 billion for an initial 50 percent stake, the Nikkei business daily reported
Hitachi nears $7 billion deal to buy ABB's power grid business; pact to be Japanese conglomerate's largest-ever acquisition
Japan’s Hitachi Ltd is close to agreeing a deal to buy Switzerland based ABB Ltd’s (ABBN.S) power grid business for about 800 billion yen ($7.1 billion)
Robots will create more robots at a $150 mn ABB factory in Shanghai in 2020
ABB’s robotics campus, due by the end of 2020 will produce robots for China, and elsewhere in Asia.
ABB and Kawasaki join hands; announce collaborative robot automation cooperation
Global automation firms ABB and Kawasaki today came together to share knowledge and promote benefits of collaborative robots, particularly those with dual arm designs.
Narendra Modi talks to Swedish PM Stefan Lofven, thanks him for support to 'Make in India'
Prime Minister Narendra Modi had a telephonic conversation with his Swedish counterpart Stefan Lofven on Thursday.
IBM and ABB partner to focus on Internet of Things and Industrial artificial intelligence
ABB has sealed a collaboration agreement with International Business Machines Corp, the Swiss engineering company said on Tuesday, the latest step in its efforts to ramp up its presence in digital technology and the Internet of Things.
Swiss engineering giant ABB teams up with Microsoft to drive industrial transformation
In a bid to develop one of the world's largest industrial cloud platforms, Swiss engineering giant ABB and Microsoft on Tuesday announced a strategic partnership to help industrial customers create new value with digital solutions.
ABB appoints Nokia exec, Guido Jouret as their first chief digital officer
ABB has appointed Guido Jouret as its first chief digital officer, a move designed to ramp up the Swiss power and automation company's efforts in digital technology and the internet of things.
ABB India's Apr-Jun quarter net profit rises 35% at Rs 77 cr
Total revenue for the April-June quarter stood at Rs 2,102 crore against Rs 1,932 crore last year, registering a growth of 8.79 percent
Zume wants to disrupt the pizza industry with robots
Zume wants to come up with a more efficient and cost effective method to make Pizzas, one where humans are replaced with robots.
PM invites Swiss business leaders to invest in India
Seeking to create two or three Switzerlands within India, Prime Minister Narendra Modi today courted Swiss business leaders to boost domestic manufacturing and skill development.
ABB-Hitachi form JV for HVDC power grid in Japan
ABB and Hitachi today announced an agreement to form a joint venture for high voltage direct current system solutions in Japan.
Alstom wins high-voltag power line contracts in India, Korea, Canada
With the two contracts, Alstom lines will be able to transfer up to 6000 megawatts (MW) of power - roughly equivalent to the output of six nuclear plants - from the centre of the country to the north. Alstom has supplied HVDC links to India since 1996.<br />
Siemens names CFO to lead turnaround after dumping CEO
German engineering group Siemens named finance chief Joe Kaeser as its new boss after dumping Chief Executive Peter Loescher four years before the end of his contract...
Siemens chief faces exit as board votes on his job
The supervisory board of Siemens will seal the fate of Chief Executive Peter Loescher on Wednesday when it votes for his early dismissal in one of Germany's most dramatic boardroom battles in years...
Infra stocks rally lift markets, pharma companies lose
The BSE Sensex closed at 20286.12, up 0.19 percent and Nifty closed at 6187.30, up 0.28 percent.
ABB, Green Launch Datacentre
Green's facility, which employs HVDC-capable HP servers, is the most powerful application of direct current in a datacentre to date.
Sell Andhra Bank, buy Wipro; bet on Crompton over Siemens
Here's a list of stock recommendations by various analysts and brokerage houses
Broker Alert: With an 8% fall, it's time to dump ABB
Rising input costs, tight liquidity situation, forex volatility and low price realisation as witnessed in some sectors may continue to put pressure on the margins.
Capital goods finally have a reason to cheer. Here's why
L&T trades 2 percent higher at Rs 1026, Areva T&D trades 2 percent higher at Rs 153 and BHEL is up by 3 percent at Rs 244.