Tag Archives: sell

HP to Sell 3D Printers in India From Early Next Year

After sensing tremendous opportunities in both commercial and industrial 3D printing in India, global PC and printer major HP on Friday announced to start selling its Next-Gen 3D printers in the country by early next year. According to Sumeer Chandra, Managing Director, HP Inc India, the company is in discussions with various industry stakeholders to help them begin 3D printing in India.… Read More »

Xiaomi Redmi Note 4 Claimed to Sell 5 Million Units Within Six Months in India

Xiaomi Redmi Note 4, after becoming the fastest to reach 1 million units, has now reached another milestone. Xiaomi claims that it sold 5 million Redmi Note 4 units in six months. The company in a release claimed that it sold 5 million units of its Redmi Note 4 (Review) within six months of launch between a period of January… Read More »

Fairfax to sell 12% in ICICI Lombard for Rs 2,500 crore

Fairfax Financial Holdings, the joint ventures partner of ICICI Bank in ICICI Lombard General Insurance, is selling 12.2% in the Indian non-life insurance major to three entities for nearly Rs 2,500 crore.The three funds which are buying into the company are Red Bloom Investment, an arm of global private equity major Warburg Pincus, Tamarind Capital, a company owned… Read More »

£900 coat maker Canada Goose to sell shares

Canada Goose, maker of Arctic coats costing as much as £900, has applied for a stock market listing in New York and Toronto. The company, part-owned by private equity firm Bain Capital, wants to pay off some of its debt, it says. It was founded in 1957 in Toronto and is known for its coyote fur-lined hooded jackets.… Read More »

Tata Steel agrees to sell speciality steel biz to Liberty House

India’s Tata Steel Ltd (TISC.NS) said on Thursday its British arm has signed a definitive agreement to sell its speciality steel business to Liberty House Group for 100 million pounds. The deal covers several South Yorkshire-based assets including the electric arc steelworks and bar mill at Rotherham, Tata Steel said in a filing to Indian stock exchanges. Speciality… Read More »

Toshiba to sell slice of smartphone memory chip unit

Toshiba has said it will split off its operation that makes memory chips for smartphones and computers, and will sell a stake in the new business. The Japanese company needs to raise funds after revealing a heavy one-off loss at its US nuclear power business. Toshiba will unveil the size of the writedown next month, but some estimate… Read More »

Tata Global Beverages may sell its China operations

Tata Global Beverages on Wednesday said it might sell its loss-making China subsidiary. The company’s Chinese subsidiary, called Zhejiang Tata Tea Extraction Company, reported a net loss of Rs. 15 crore in the previous financial year. “For China, we are exploring different options, which could be restructuring or a sale,” Cyrus Mistry, the Tata Group Chairman, said at… Read More »

Allianz to sell $5 billion life insurance portfolio in Italy – sources

German insurer Allianz (ALVG.DE) is looking to sell a $5 billion portfolio of life insurance policies in Italy, sources familiar with the matter said on Wednesday. Europe’s biggest insurer has picked Goldman Sachs (GS.N) to run the sale of the closed life policies, which no longer accept new business but remain on an insurer’s books as premium paying… Read More »