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toshiba corporation

Toshiba Group to invest 10 billion Japanese yen in India to expand capacity

Toshiba Group to invest 10 billion Japanese yen in India to expand capacity

Thu, Jul 18, 2024

Toshiba Transmission & Distribution Systems (India) Pvt Ltd (TTDI) will increase its capacity of manufacturing power transformers and distribution transformers by about 1.5 times compared to FY2023, over a three-year period from FY2024 to FY2026, it stated.

Writedown fears wipe $5 billion off Toshiba's value as it weighs options

Writedown fears wipe $5 billion off Toshiba's value as it weighs options

Wed, Dec 28, 2016

A looming writedown at Japanese conglomerate Toshiba Corporation has wiped almost $5 billion off its value in two days and prompted a credit rating downgrade on Wednesday, as the company grapples to plug a potential multi-billion dollar hole.

Toshiba may book big loss on US nuclear acquisition, shares plunge

Toshiba may book big loss on US nuclear acquisition, shares plunge

Tue, Dec 27, 2016

Toshiba Corporation said on Tuesday it may book a goodwill impairment loss of several hundreds of billion yen on a US nuclear power acquisition made by its Westinghouse division, sending its stock tumbling 12%.

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Foreign investors sue Toshiba over accounting scandal

Foreign investors sue Toshiba over accounting scandal

Thu, Oct 13, 2016

A group of investors, mostly foreign institutions, are suing Toshiba Corporation in a Tokyo court for 16.7 billion yen ($162.3 million or nearly Rs 1,079.74 crore ) in damages, over a $1.3 billion (nearly Rs 8,648.6 crore) accounting scandal uncovered last year.

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