Sunil Mittal in Talks to Acquire 49% Stake in Haier India
Billionaire entrepreneur and Bharti Airtel founder Sunil Mittal is reportedly in advanced discussions to acquire a 49% stake in Haier India, marking a potential strategic partnership with the global home appliance giant.
Image Source: bharti.com
Indian telecom magnate Sunil Bharti Mittal, the chairman of Bharti Enterprises, is in early but advanced-stage talks to purchase a significant 49% stake in Haier India, the domestic arm of Chinese electronics giant Haier. According to reports, the proposed deal could be worth approximately $2 billion and is said to involve private equity firm Warburg Pincus as a possible co-investor.
If successful, this partnership would represent a major diversification for Mittal, who is globally recognized for building Bharti Airtel, one of the world’s largest telecom companies. For Haier, the deal could solidify its position in India’s fast-growing consumer electronics market, while benefiting from Mittal’s deep market expertise and network in India.
Also Read: Toyota Warns of $1.3 Billion Profit Hit from U.S. Tariffs
Negotiations are still underway, and no formal agreement has been finalized. Sources familiar with the matter suggest that the potential investment could help Haier ramp up its production capabilities, expand retail distribution, and localize supply chains — crucial moves amid the ongoing global push to de-risk from over-reliance on China.
Both Bharti Group and Haier have yet to release official statements, but industry experts believe this alliance, if confirmed, could reshape India's white goods market significantly.
Share
You may also like
ABB Reports Record-Breaking Q2 Order Intake, Fueled by AI Data Center Boom
Summary
Read Full
open_in_newSwiss multinational ABB posted its highest-ever quarterly order intake in Q2 2025, powered by growing global demand for AI-driven data center infrastructure. This milestone underscores accelerating tech infrastructure investments and ABB’s pivotal role in next-gen digital and industrial transformation.
Nvidia Resumes H20 AI Chip Sales to China After U.S. Approval
Summary
Read Full
open_in_newIn a significant reversal of policy, Nvidia announced it will resume sales of its H20 AI chips to China, after receiving new export licenses from the U.S. government. The decision is expected to unlock up to $10.5 billion in lost revenue for 2025, marking a critical turning point in the global AI chip race.
Nvidia Becomes First Company to Hit $4 Trillion Valuation — AI Chip Demand Rewrites History
Summary
Read Full
open_in_newNvidia has officially shattered records by becoming the first publicly traded company to reach a $4 trillion market valuation, marking a watershed moment in both tech and financial history. This milestone is fueled by unprecedented demand for its AI chips, as industries across the globe race to adopt generative AI, autonomous systems, and next-gen cloud computing.
Samsung Electronics Warns of 56% Profit Drop as U.S. AI Chip Export Curbs Hit China Sales
Summary
Read Full
open_in_newSamsung Electronics has issued a stark warning: its Q2 2025 operating profit is expected to plunge by 56% year-on-year, as U.S. export restrictions on AI chips to China ripple through the global tech landscape. This sharp decline underscores the growing vulnerability of the semiconductor sector to geopolitical tensions.
Nvidia Briefly Hits $3.92 Trillion Valuation — Poised to Become the Most Valuable Company in History
Summary
Read Full
open_in_newNvidia reached a historic milestone this week, briefly crossing a $3.92 trillion market valuation, making it a contender for the title of the most valuable company ever. This surge is fueled by insatiable global demand for its AI chips, positioning Nvidia as the undisputed leader in the artificial intelligence hardware race.
Summary
Read Full
open_in_newMicrosoft has initiated a second round of layoffs in 2025, cutting 9,000 jobs globally, primarily in middle management and operations roles. The move is part of the tech giant’s broader strategy to prioritize AI-driven transformation and organizational agility.
Intel’s Strategy Chief Exits as Company Prepares for Massive Layoffs and Division Shutdowns
Summary
Read Full
open_in_newSafroadu Yeboah-Amankwah, Intel’s Chief Strategy Officer, is stepping down today, June 30, 2025—just weeks before the company initiates a sweeping 20% global workforce reduction starting July 15. The layoffs are part of a broader restructuring strategy that includes shutting down Intel’s automotive-chip division, a surprising pivot amid growing EV and AI integration.
Post a comment
Comments
Most Popular
Categories
