Videocon eyes LG, Philips CRT firm.
Byline: Kala Vijayraghavan & Lijee Philip MUMBAI: Displaying an appetite for acquiring globally-distressed assets, consumer durables heavyweight Videocon Industries has bid for Hong Kong-headquartered LG.Philips Displays (LGPD) - the largest manufacturer of cathode ray tubes (CRT). It's a joint venture between Dutch major Philips and South Korean...

Haier also in the fray for Korea's Daewo.
Byline: Vivek Sinha NEW DELHI: Videocon is said to be making a pitch for Korea's Daewoo Electronics. Daewoo Electronics operates 16 subsidiaries with 42 branches in over 30 countries. Its product range spans from CTVs - including top-end segments like LCD & plasma - to other categories...

Plan panel calls for broader FTA coverage.
NEW DELHI: A Panel headed by Planning Commission member Anwarul Hoda has pitched for comprehensive coverage of product lines under Free Trade Agreements (FTA) and regional trade agreements, with a view to avoiding duty inversions that could cripple the domestic industry. That is, a value chain will either be...

Dhoot makes acquisitions global strategy.
Byline: Rajeev Jayaswal & Bhanu Pande NEW DELHI: Videocon is set to acquire Daewoo's consumer electronic business worldwide. Videocon group chairman VN Dhoot has made acquisitions a key element in his global strategy. The company acquired Thomson's global colour picture-tube manufacturing business, including units in...

Cos take the integration route to success.
Byline: Vivek Sinha NEW DELHI: There's no doubt that India has made the cut in global business and will be the main driver of the Asian century. But, to be a powerhouse, you need to dominate, and that's precisely what Indian companies are doing now. ...

India, Inc's on an expansion mode!
Byline: Vivek Sinha & Sanjeev Sharma NEW DELHI: Indian companies it's been one big shopping festival . Corporate India's unending appetite for overseas industrial assets has come to a point where any plant going up for sale in the West sends a flash signal, inviting Indian entities...

Videocon may buy all of washing machine JV.
Byline: Lijee Philip MUMBAI: Durables major Videocon is learnt to have held preliminary discussions to acquire Matsushita's 70% stake in Pune-based Matsushita Washing Machine India (MWMIL). The Videocon Group currently has a 30% equity stake in MWMIL that manufactures the National-Panasonic brand of washing machines. And while,...

Videocon appoints PwC advisor in Rs 900-cr Polaroid buyout.
Byline: Kala Vijayraghavan and Lijee Philip MUMBAI: Durables major, Videocon Industries has appointed PricewaterhouseCoopers (PwC) as its advisor to negotiate the acquisition of digital imaging and electronics major Polaroid, a subsidiary of Petters Group Worldwide. The deal has been valued at around $200m (approx Rs...

Thomson deal may put Videocon in global league.
Byline: Kala Vijayraghavan MUMBAI: A spate of acquisitions has pole-vaulted Indian durables major Videocon overnight into a global player which would have otherwise normally taken another two decades if the company had grown organically. Global electronics majors have begun exiting the conventional low-end of the...

India seeks Japanese investment.
Byline: Sidhartha TOKYO: If you can't beat them, join them. That seems to be India's mantra in its attempt to get more Japanese investments in the manufacturing sector, with some companies using New Delhi's bilateral trade agreements to use another country as an export base for the...