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)
ABB’s robotics campus, due by the end of 2020 will produce robots for China, and elsewhere in Asia.
Global automation firms ABB and Kawasaki today came together to share knowledge and promote benefits of collaborative robots, particularly those with dual arm designs.
Prime Minister Narendra Modi had a telephonic conversation with his Swedish counterpart Stefan Lofven on Thursday.
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.
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 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.
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 come up with a more efficient and cost effective method to make Pizzas, one where humans are replaced with robots.
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.
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 />
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...
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...
The BSE Sensex closed at 20286.12, up 0.19 percent and Nifty closed at 6187.30, up 0.28 percent.
Here's a list of stock recommendations by various analysts and brokerage houses
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.
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.