India closing in on Westinghouse deal to build six nuclear reactors
India closing in on Westinghouse deal to build six nuclear reactors

 India expects to seal a contract with Westinghouse Electric Co LLC to build six nuclear reactors in the first half of next year, a senior government official said, in a sign its USD 150 billion dollar nuclear power programme is getting off the ground.

Hitachi Automotive sets up auto parts facility in TN

Hitachi Automotive Systems India will manufacture valve timing control systems and ignition coils from October this year at the facility at Panchanthiruthi village in Tiruporur Taluk in neighbouring Kancheepuram District.

Finmeccanica agrees sale of rail businesses to Hitachi for $2.2 billion

Italian aerospace and defence group Finmeccanica has agreed to sell its rail business to Hitachi Ltd in a deal which will cost the Japanese conglomerate up to 1.9 billion euros ($2.2 billion) and cut Finmeccanica`s debt by 15 percent.

Hitachi to buy Italian railways firms for over $2 bn

Hitachi will buy the rail and traffic signal businesses of Italy`s Finmeccanica for an estimated $2.1 billion, reports said Tuesday, as the Japanese firm looks to expand overseas and challenge major international railways firms.

Hitachi President Toshiaki Higashihara meets PM Modi

Japanese industrial solutions giant Hitachi's President Toshiaki Higashihara Tuesday called on Prime Minister Narendra Modi.

Hitachi eyes Rs 11,000 cr turnover in FY 2015, to hire 3,000

Japanese industrial solutions giant Hitachi is targeting a turnover of around Rs 11,000 crore (210 billion yen) in FY 2015 from India and will hire around 3,000 people to expand its business here.

Now, a low-cost test to detect cancer fast

Japanese multinational Hitachi and Kyushu University hope to develop a new low-cost test to detect cancer in one hour, by studying the reaction of roundworms after coming into contact with the urine of patients, media reported Friday.

ABB, Hitachi to tie up for HVDC power grid in Japan

ABB and Hitachi on Tuesday announced an agreement to form a joint venture for high voltage direct current system solutions in Japan.

Hitachi more than doubles April-June net profit

Japan`s Hitachi said Thursday its net profit for three months to June soared to $280 million on robust sales in various fields ranging from IT solutions to elevators.

Hitachi eyeing 14% mkt share of Indian projector market

The company, which claims to have about eight percent share currently, terms India as a "top priority market".

Hitachi to acquire payment solutions firm Prizm

Japanese firm Hitachi today said it will acquire Prizm Payment Services as part of plans to grow revenues in India by nearly 3 times to about USD 2.95 billion by 2015-16 fiscal.

Hitachi unveils cloud solutions and services for enterprises

HDC claims that it is industry's first integrated file sync and share solution that is built, sold and supported for the enterprises entirely by a single vendor.

Hitachi to sign pact with Gujarat to set up desalination plant

To be executed by four partners, the construction of the facility will largely be financed by the Japanese government under Indo-Japan joint investment strategy.

Hitachi to invest Rs 4,700 crore in India by 2016, set up 5 plants

Japan's Hitachi on Thursday said it will invest about Rs 4,700 crore in India for expansion here, including setting up of five new manufacturing plants, by March 2016.

New LCD joint venture of Sony, Toshiba, Hitachi launched

The company will set up sales units in the United States, Europe, South Korea, China and Taiwan.

Hitachi launches range of 'recycle' ATMs

Japanese electronics major Hitachi on Monday launched its range of "recycle" automated teller machines (ATMs) in the country, and is targeting to sell 1,000 of the gadgets in the next two years to 10 banks.

Hitachi Data Systems buys storage firm BlueArc

Hitachi Data Systems (HDS), a wholly owned subsidiary of Hitachi, Thursday said it has acquired network storage firm BlueArc Corp for an undisclosed amount.

Hitachi eyes Rs 12,000 cr revenue from India in 2-3 yrs

Japanese consumer durables firm Hitachi Sunday said the company plans to double its revenue to Rs 12,000 crore from India in the next 2-3 years and is looking at acquisitions to meet the target.

Japan`s Hitachi posts first-quarter loss

Japanese high-tech giant Hitachi announced Tuesday a net loss of 82.7 billion yen (USD 870 million) for the fiscal first quarter with sales down heavily amid the economic downturn.