Edition:
India

Hitachi Ltd (6501.T)

6501.T on Tokyo Stock Exchange

3,489JPY
11:30am IST
Change (% chg)

¥-94 (-2.62%)
Prev Close
¥3,583
Open
¥3,588
Day's High
¥3,590
Day's Low
¥3,429
Volume
7,732,800
Avg. Vol
3,647,330
52-wk High
¥4,721
52-wk Low
¥2,768

Latest Key Developments (Source: Significant Developments)

Hitachi Receives Order From Taiwan Railways Administration For 600 Train Cars-Nikkei
2:03am IST 

Jan 16 (Reuters) - NIKKEI: :HITACHI RECEIVES ORDER FROM TAIWAN RAILWAYS ADMINISTRATION VALUED AT ABOUT $1.44 BILLION TO DELIVER ABOUT 600 TRAIN CARS STARTING IN 2021- NIKKEI.  Full Article

Hitachi Will Form A Financial Technology JV With State Bank Of India - Nikkei
Thursday, 10 Jan 2019 

Jan 10 (Reuters) - NIKKEI::HITACHI LTD WILL FORM A FINANCIAL TECHNOLOGY JV WITH STATE BANK OF INDIA .HITACHI WILL TAKE A 26 PERCENT STAKE BY MONTH'S END IN A UNIT OF STATE BANK OF INDIA .  Full Article

ABB CEO Says Still Has 'Firepower' For Deals From Cash Flow
Monday, 17 Dec 2018 

Dec 17 (Reuters) - Abb Ltd ::CEO SAYS IT IS THE RIGHT MOVE TO RETURN PROCEEDS FROM POWER GRIDS SALE TO SHAREHOLDERS, STILL HAS 'FIREPOWER' FOR ACQUISITIONS FROM CASH FLOW.CEO SAYS REGULATORY PROCESS INVOLVED WITH DIVESTING POWER GRIDS 'WILL TAKE ITS TIME,' SAYS 12-18 MONTH TIME FRAME FOR POWER GRIDS CARVEOUT IS CUSTOMARY.  Full Article

ABB Shareholder Cevian Says "Convinced This Is The Right Way Forward"
Monday, 17 Dec 2018 

Dec 17 (Reuters) - Abb Ltd ::SHAREHOLDER CEVIAN SAYS POWER GRIDS SALE TO HITACHI, BUSINESS RESTRUCTURING "ARE THE RIGHT STEPS IN THE DEVELOPMENT OF ABB, AND ENHANCES ABB’S LONG-TERM COMPETITIVENESS".SHAREHOLDER CEVIAN SAYS "CONVINCED THIS IS THE RIGHT WAY FORWARD FOR ABB, AND WE FULLY SUPPORT THE STRATEGIC DIRECTION OF THE BOARD AND MANAGEMENT".  Full Article

Hitachi To Transfer Shares In Fully Owned Subsidiary Hitachi Procurement Service To Infosys, Panasonic And Pasona
Friday, 14 Dec 2018 

Dec 14 (Reuters) - Hitachi Ltd <6501.T>::TO TRANSFER SHARES IN FULLY OWNED SUBSIDIARY HITACHI PROCUREMENT SERVICE TO INFOSYS, PANASONIC AND PASONA .HITACHI TO RETAIN 15 PERCENT AFTER SHARE TRANSFER; INFOSYS TO OWN 81 PERCENT, PANASONIC 2 PERCENT, PASONA 2 PERCENT.  Full Article

India's Infosys Says JV With Hitachi, Panasonic And Pasona In Japan
Friday, 14 Dec 2018 

Dec 14 (Reuters) - Infosys Ltd ::INFOSYS ANNOUNCES JOINT VENTURE WITH HITACHI, PANASONIC AND PASONA IN JAPAN.SAYS CO WILL ACQUIRE 81 PERCENT OF THE SHAREHOLDING IN HITACHI PROCUREMENT SERVICE CO., HITACHI’S FULLY OWNED SUBSIDIARY.SAYS HITACHI, PANASONIC AND PASONA WILL BE MINORITY SHAREHOLDERS OF THE ENTITY.DEAL FOR 2,762 MILLION YEN FOR 81 PERCENT STAKE.SAYS TRANSACTION IS EXPECTED TO CLOSE ON OR BEFORE APRIL 1, 2019.  Full Article

Hitachi Nears Deal Worth Up To $7 Bln For ABB's Power Grid Business - Nikkei
Wednesday, 12 Dec 2018 

Dec 12 (Reuters) - :HITACHI NEARS DEAL WORTH UP TO $7 BILLION FOR ABB'S POWER GRID BUSINESS - NIKKEI.  Full Article

Global Nuclear Fuel's Genusa Awarded Long-Term Fuel Supply Contract By TVO
Monday, 12 Nov 2018 

Nov 12 (Reuters) - General Electric Co ::GLOBAL NUCLEAR FUEL’S GENUSA AWARDED LONG-TERM FUEL SUPPLY CONTRACT BY TVO.GLOBAL NUCLEAR FUEL - THE NEW FUEL SUPPLY CONTRACT AWARDED BY TVO TO GENUSA RUNS FROM 2020 THROUGH 2038.  Full Article

Hitachi to transfer power receiving and transforming facilities business to Hitachi Industrial Equipment Systems
Monday, 12 Nov 2018 

Nov 12 (Reuters) - Hitachi Ltd <6501.T>:Says it will transfer power receiving and transforming facilities sale and engineering business to unit Hitachi Industrial Equipment Systems Co.,Ltd. , effective April 1, 2019 .  Full Article

China Water Industry Group Unit Enters Strategic Cooperation Framework Agreement
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - China Water Industry Group Ltd <1129.HK>::UNIT, HITACHI AND HITACHI LEASING ENTERED INTO STRATEGIC COOPERATION FRAMEWORK AGREEMENT.  Full Article

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Breakingviews - Hitachi jitters place UK nuclear at crossroads

LONDON (Reuters Breakingviews) - Japanese cold feet are about to land Britain’s energy policy in hot water. Hitachi could next week halt its involvement in the Wylfa nuclear power project in Wales, Nikkei reported on Jan. 11. For a UK government that wants reactors to increase their share of domestic power generation from around a quarter to a third by 2035, that’s a sizeable headache.