Articles for tag: Acquisitions, Aditya, AIL, Competition, Complex, Divests, Dixon, Fierce, Infotech, Market, Navigating, Stake, Tech, Technologies

September 10, 2024

Dixon Technologies divests its stake in AIL Dixon Tech to Aditya Infotech, navigating complex acquisitions amidst fierce market competition.

Dixon Technologies (India) has recently announced plans to sell its 50% stake in the joint venture AIL Dixon Technologies to Aditya Infotech. The move comes with approval from India’s fair trade regulator, the CCI, which has also cleared Aditya Infotech’s acquisition of a stake in AIL Dixon Technologies. The joint venture specializes in manufacturing electronic ...

September 3, 2024

Market News

Business

Sterlite Technologies Settles .7 Million Dispute for 7,400

Sterlite Technologies Settles $2.7 Million Dispute for $467,400

Broadband technology company Sterlite Technologies has reached a settlement with the Data Management Centre, agreeing to pay $467,400 (approximately Rs 4 crore) to resolve a dispute. The Data Management Centre had previously sought $2.7 million (around Rs 23 crore) in damages due to delays and unmet obligations in their agreement with Sterlite. According to a ...