Sterlite Sees Opportunities in Digital India Program

Sterlite Technologies Limited is planning for huge investment in India as part of the Digital India program, which has got a boost from the current central government in India. Sterlite has announced plans worth 3.13 to 3.9 billion US dollar investments. Sterlite is also looking for partnerships similar to the one it has signed with Ericsson to build smart cities…

business collaboration

Luna Innovations Merges with Advanced Photonix

Virginia based fiber optic sensing and measurement products manufacturer Luna Innovations Incorporated will merge with Opto-electronic device manufacturer Advanced Photonix Inc (API). The merger will make the combined company stronger to cater to the needs of fiber optic product customers both in the United States and abroad. In an annual meeting, Luna’s stockholders approved the issuance of 0.31782 shares of…

Netia Agrees to Acquire TK Telekom

Poland’s telecom service provider Netia had agreed to takeover its competitor TK Telekom. Netia agrees to an estimated value of around 61 million dollars. After finding the funds necessary for acquisition, Netia, the second largest telecom operator in Poland will finalize the deals with Polish State Railways, who owns TK Telekom. Netia is Poland based telecommunication service company which owns…

Aramid yarns

DuPont Settles Trade Secret Litigation with Kolon

In an official release the global leader of Aramid yarns, DuPont announced that it has reached to an agreement to settle and resolve all outstanding trade secret litigation against South Korea based Kolon. Six years ago, DuPont had filed a civil lawsuit against Kolon for misappropriation of trade secrets and confidential information regarding DuPont™ Kevlar® technology. The financial terms of…