Brookfield Business Partners says that it and institutional partners would use $1 billion of equity and $3 billion of long-term debt financing to buy Westinghouse Electric
1 min read9 Jan 2018Toshiba is buying back a 10% stake in Westinghouse Electric from minority shareholder Kazatomprom for 59 billion yen ($522 million), taking full ownership of the bankrupt US unit
1 min read3 Oct 2017Western Digital plans to raise its offer for Toshiba's prized semiconductor unit to $18 billion or more, marking a last-ditch effort to clinch a deal that both companies consider vital
1 min read10 Jun 2017While Westinghouse Electric Co. is slated to build 6 nuclear reactors in India, several prominent voices have called for India not to enter into a contract with the bankrupt firm
4 min read8 May 2017Even though Westinghouse has lost considerable value, the India-US civil nuclear accord retains much of its own
4 min read10 Apr 2017A Chinese investment in a non-US company would sail through political opposition more easily than other tie-ups
1 min read29 Jan 2017Toshiba's reported loss is related to a dispute over the value of an acquisition by Westinghouse Electric, the ' Nikkei' reported on its website
1 min read28 Dec 2016India is negotiating with US Export-Import Bank for an $8-9 billion loan to finance six Westinghouse Electric nuclear reactors although a lending freeze at the trade agency threatens progress
4 min read22 Sep 2016Several US firms are lining up not only to enter the Indian market but also to increase the number of power plants they are constructing in India, say sources
3 min read17 Feb 2016A Westinghouse team is already in India to negotiate the deal, says CEO Daniel Roderick
2 min read15 Jan 2016The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared