Tokyo: Japanese chipmaker Kioxia will be listed on the stock exchange next month in an initial public offering valuing the company at $4.8 billion, its filing to the Tokyo Stock Exchange said Friday. Formerly the semiconductor unit of Japanese engineering giant Toshiba, the company is the world’s third-largest producer of NAND flash memory chips. It … Read more
Private investment firm Bain Capital has sold partial stake in private lender Axis Bank via block deal on Thursday, while many domestic and foreign funds lapped up the shares. According to block deal data available with the exchanges, Bain Capital has sold 2.25 crore shares or 0.7% stake in the lender at a weighted average … Read more
NEW YORK: Virgin Atlantic, the airline founded by British businessman Richard Branson, filed Tuesday for protection in U.S. bankruptcy court as it tries to survive the virus pandemic that is hammering the airline industry. The airline made the Chapter 15 filing in U.S. federal bankruptcy court in New York after a proceeding in the United … Read more