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  • dia has been identified as a “centrepiece” for the future, alongside Brazil, the company said. In India, Panasonic competes with rivals like Sony, LG and Samsung in the expanding consumer goods and home appliances <strong>se</strong>ctor. Tsuga said he met top Indian industrialists like Reliance Industries chairman Mukesh Ambani and business heads of the Tata conglomerate group, to explore strategic partnerships. “We are looking to work with ind...

    Panasonic to invest Rs. 1500 crore over next three years in “centrepiece” India

    dia has been identified as a “centrepiece” for the future, alongside Brazil, the company said. In India, Panasonic competes with rivals like Sony, LG and Samsung in the expanding consumer goods and home appliances sector. Tsuga said he met top Indian industrialists like Reliance Industries chairman Mukesh Ambani and business heads of the Tata conglomerate group, to explore strategic partnerships. “We are looking to work with ind...

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  • Sony shares rocketed Wednesday after a US hedge fund called on the company to <strong>se</strong>ll off part of its entertainment unit, in a rare bid by a foreign investor to penetrate Japan”s staid corporate culture. The Tokyo-listed stock was up 11.56 percent to 2,094 yen by the morning break, hitting its highest levels since mid-2011 after they dropped below 1,000 yen last year for the first time since the era of the Walkman. Daniel Loeb, who<strong>se</strong> hedge fu...

    Sony investor proposes spinning off the profitable entertainment unit

    Sony shares rocketed Wednesday after a US hedge fund called on the company to sell off part of its entertainment unit, in a rare bid by a foreign investor to penetrate Japan”s staid corporate culture. The Tokyo-listed stock was up 11.56 percent to 2,094 yen by the morning break, hitting its highest levels since mid-2011 after they dropped below 1,000 yen last year for the first time since the era of the Walkman. Daniel Loeb, whose hedge fu...

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  • to launch a massive corporate overhaul including thousands of job cuts. It has also unloaded real estate including its US headquarters in Manhattan for more than $1.0 billion and a building in Tokyo worth $1.2 billion, while <strong>se</strong>lling of a chemical division and its holding in social networking firm DeNA. The asset sales are “anticipated to significantly exceed the February forecast” with the weaker yen “favourably impacting opera...

    Sony doubles annual net profit forecast to $403 million

    to launch a massive corporate overhaul including thousands of job cuts. It has also unloaded real estate including its US headquarters in Manhattan for more than $1.0 billion and a building in Tokyo worth $1.2 billion, while selling of a chemical division and its holding in social networking firm DeNA. The asset sales are “anticipated to significantly exceed the February forecast” with the weaker yen “favourably impacting opera...

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