Qualcomm re-elects 10 existing directors to board at annual meet

Mar 23 2018

Qualcomm Inc shareholders re-elected 10 directors to the company’s board at the mobile chipmaker’s annual meeting.

China's itel Mobile launches 2 budget smartphones in India

Mar 20 2018

Refreshing its budget line-up, China-based Transsion Holdings itel Mobile launched two smartphones S42 and A44 in India for Rs 8,499 and Rs 5,799, respectively.

Qualcomm discussing Jacobs leaving board of directors: Sources

Mar 16 2018

Qualcomm board of directors was meeting to discuss Paul Jacobs leaving its board after he informed the US semiconductor company he was exploring ways to acquire it.

China's Huawei says to keep investing in US despite setback

Mar 14 2018

Chinese telecoms giant Huawei says it will continue to invest in the United States despite recent setbacks in its efforts to boost sales.

Broadcom ends bid for Qualcomm after President Trump nixes deal

Mar 14 2018

Singapore-based Broadcom Ltd withdrew its $117 billion bid to acquire Qualcomm Inc, two days after Trump blocked the attempt citing national security concerns.

Broadcom's ambitious chief will shift target after Qualcomm halt

Mar 13 2018

Broadcom is unlikely to put the brakes on an acquisition spree after its $117 billion bid for Qualcomm Inc was blocked by Donald Trump on national security grounds.

Trump blocks Broadcom's USD 117 billion bid to buy Qualcomm

Mar 13 2018

Trump blocked Broadcom's USD 117 bn bid for chip maker Qualcomm, citing national security concern.

Broadcom's proposed Qualcomm bid blocked on security grounds

Mar 13 2018

Donald Trump blocked Singapore-based Broadcom's $140 billion bid for rival US chipmaker Qualcomm on grounds of national security.

US govt says Broadcom violated order in Qualcomm merger bid

Mar 12 2018

Chipmaker Broadcom violated an order from a national security panel in a bid to push for a merger with rival Qualcomm Inc, the US Treasury Department said in a letter.

Singapore-based Broadcom to redomicile to US by April 3

Mar 12 2018

Broadcom Ltd said it expects to redomicile to the US by April 3, two days before the chipmaker’s acquisition target Qualcomm holds its annual shareholder meeting.

Indian Markets


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Stocks In News



Acquires Cynosure Inc and Cynosure Interface Solutions for $31mn and Rs13cr respectively

To add platform capabilities in the insurance segment which contributes 15% of total business

The Acquisition is expected to close within the next 3 months


Sells Essar Steel loan to Deutsche Bank

Has sold its $385 mn Foreign currency loan extended to Essar Steel

Bank has taken a 38% haircut

Rs 1600 cr is expected earnings to the bank from the deal

Economic Times Reports


To Sell 50% stake in prime Mumbai office assets to Blackstone for $1.3bn

The co is also in discussions to sell its residential and commercial projects in Chennai

To convene shareholder’s meet on 23rd March in regard to the proposed divestment

Mint Reports


Gets Order Worth Rs 230 Cr From NTPC

To perform the pressure part metallurgy upgradation for 3 660MW super critical steam generators

Will help NTPC commission the 3x 660MW plant started 12years


Declared L1 bidder for EPC Project in UP worth Rs 677cr from NHAI

The completion period for the project is 30 months

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