Broadcom To Acquire Vmware In $61 Bln Cash And Stock Deal – Quick Facts

Broadcom Inc. (AVGO), a developer of semiconductor and infrastructure software solutions, announced Thursday its agreement to acquire VMware, Inc. (VMW), an innovator in enterprise software, in around $61 billion cash-and-stock deal. In addition, Broadcom will assume $8 billion of VMware net debt. Under the deal terms, which has been unanimously approved by the boards of directors of both companies, VMware […]

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Biden stopped domestic oil production 'with the stroke of a pen': Rep. Brett Guthrie

President Biden stopped domestic oil production ‘with the stroke of a pen’: Rep. Brett Guthrie Rep. Brett Guthrie, R-Ky., discusses the importance of domestic energy production. Rep. Brett Guthrie. R-Ky., called on the Biden administration to pursue domestic energy production to relieve Americans and global allies Friday during an interview on "Mornings with Maria."  OIL HEADS FOR WEEKLY DECLINE OF […]

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‘Time to look at healthcare differently’

Rationalising GST rates could make sector affordable, says Apollo Hospitals MD Apollo Hospitals MD Suneeta Reddy said on Friday the healthcare sector should not only be the focus of the Budget, but must also remain at the centre of the economy as the country aspired to become a $5-trillion economy. “It is important that infrastructure is created in this [healthcare] […]

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Alka Mittal is interim ONGC head for six months

Alka Mittal is the first woman to head the country’s largest oil and gas producer. Alka Mittal has been appointed interim chairman and managing director of Oil and Natural Gas Corporation (ONGC)—the first woman to head the country’s largest oil and gas producer. Ms. Mittal replaces Subhash Kumar, another interim head who retired after reaching superannuation age on December 31. […]

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Digital Realty To Buy Major Stake In Teraco

Digital Realty (DLR), Monday said it has agreed to buy a major stake in Teraco, Africa-based carrier-neutral colocation provider, from a consortium of investors, including Berkshire Partners and Permira, in a transaction valuing Teraco at about $3.5 billion. After closing, Digital Realty will own about 55% of the total interests in Teraco, while the remaining 45% will be held by […]

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