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3M to buy Cogent for more than $900 million Aug 31, 20103M to buy Cogent for more than $900 million

Diversified US manufacturer 3M Co on Monday said it agreed to buy Cogent Inc for more than $900 million, paying a nearly 18 per cent premium for the biometric identification systems company. 3M said it would pay $10.50 a share to buy Cogent, whose sh... >> more

Panasonic to invest Rs 1,400-cr in India in next 3 yrs Aug 30, 2010Panasonic to invest Rs 1,400-cr in India in next 3 yrs

Electronics consumer durables major, Panasonic India, plans to invest around Rs 1,400-crore over the next three-years to establish the brand as a home appliances leader in the country, a top company official said. The company would spend the earmarke... >> more

MIC Electronics bags Rs 20-cr Railway order Aug 23, 2010MIC Electronics bags Rs 20-cr Railway order

LED video displays and other electronic equipment manufacturer, MIC Electronics Ltd, has bagged 17 orders worth Rs 18.63 crore from the Indian Railways. The orders included supply of video train information display system for Eastern Railway and elec... >> more

Amtech group to set up MVD unit in Gandhinagar Aug 11, 2010Amtech group to set up MVD unit in Gandhinagar

Amtech Electronics (India) Ltd., a flagship company of Amtech Group, is planning to set up a medium voltage drive (MVD) manufacturing plant in Gandhinagar. At an investment of Rs 50 crore, the manufacturing plant will carry a capacity of 200 MVDs per... >> more

Videocon plans colour TV unit in Tamil Nadu Aug 3, 2010Videocon plans colour TV unit in Tamil Nadu

Videocon proposes to set up a colour TV manufacturing unit in Manamadurai in Sivaganga district of Tamil Nadu, entailing an outlay of Rs 1,500 crore.

An MoU to this effect is likely to be signed in the presence of M. Karunanidhi, Chief Minist... >> more

Panasonic to buy Sanyo, another unit for $9.4 bn Jul 30, 2010Panasonic to buy Sanyo, another unit for $9.4 bn

Japan’s Panasonic Corp plans to buy out subsidiaries Sanyo Electric and Panasonic Electric Works for up to $9.4 billion to strengthen its push into greener businesses. The world’s number four flat TV maker will raise up to 500 billion yen in a new sh... >> more

MIC Electronics enters into JV with Taiwan's Home Resources Jul 20, 2010MIC Electronics enters into JV with Taiwan's Home Resources

Hyderabad-based MIC Electronics, a global leader in design, development and manufacture of LED video displays and high-end electronic and telecommunications equipment, has entered into a joint venture with Taiwan-based home lighting appliances p... >> more

MIC Electronics, IOC tie up for solar-based products Jun 21, 2010MIC Electronics, IOC tie up for solar-based products

MIC Electronics Ltd has announced its memorandum of collaboration (MoC) with Indian Oil Corporation (IOC). Both have initiated a pilot to market solar-based LED lanterns on a commercial scale in select states. The MoC aims to further improve the qual... >> more

MIC charts Rs 240-cr capacity expansion May 28, 2010MIC charts Rs 240-cr capacity expansion

MIC Electronics Limited, a Hyderabad-based manufacturer of LED screens and lighting products, is embarking on a Rs 240-crore capacity expansion, which will involve setting up three production lines here within the next nine months. “The expansion wil... >> more

Zicom-Schneider deal sealed May 17, 2010Zicom-Schneider deal sealed

Schneider Electrics has completed the deal to acquire Zicom Electronic Security Systems Ltd's assets. Schneider had, in March, acquired Zicom's businesses including building Solutions Group and the Special Projects Group for Rs 225 crore. Its transac... >> more

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