ACQUISITIONS

  • Centre to take ordinance route to effect changes in Land Acquisition Act 12 hours 3 minutes ago

    New Delhi: After yet another winter session of Parliament was washed out, wherein the Narendra Modi government failed to pass crucial economic reforms, it is now planning the ordinance route to make changes to the Land Acquisition Act. The government plans to exclude 13 central laws to clear several infrastructure and...
  • Defence ministry clears proposals worth Rs 4,500 crore December 17, 2014

    New Delhi: The defence ministry on Wednesday cleared procurement proposals worth around Rs.4,500 crore, ministry sources said. The proposals were cleared by Defence Minister Manohar Parrikar-headed Defence Acquisition Council (DAC), the apex decision-making body in the ministry. The proposals include one for acquiring four survey vessels for the navy worth Rs.2,324 crore. The...
  • Delay in Land Acquisition Bill likely, Centre drops plans to table amendments in Parliament December 3, 2014

    New Delhi: Land Acquisition Bill, which was to be tabled in the Winter Session of Parliament, could face further delay. Sources on Wednesday suggested the governmnet had dropped plans to table amendments in the Land Acquisition Bill in Parliament as it needs more time to get the opposition parties on...
  • Intel acquires PasswordBox, a service that lets you log into websites without having to type or remember passwords December 1, 2014

    Toronto: Intel said on Monday it has acquired PasswordBox, a Montreal-based identity management service that gives users a convenient way to log into websites and applications from any device without having to type or remember passwords. The purchase price for the privately held Canadian start-up was not disclosed. PasswordBox, founded in 2012,...
  • Centre to push through amendments to land purchase Act: Jaitley November 9, 2014

    New Delhi: The government will go ahead with amendments to the Land Acquisition Act even if the opposition does not support it, Finance Minister Arun Jaitley said on Sunday. "Some changes may be necessary (to the land laws). We will first try to reach a consensus and if that is not...
  • Reforming the economy not an easy process but will overcome hurdles soon, assures Arun Jaitley November 5, 2014

    New Delhi: Emanating optimism regarding a positive investment environment in the country, Finance Minister Arun Jaitley on Wednesday said that he is satisfied with the beginning that the government has made. He also said that reforming the economy is not an easy process and will take considerable time. "The pit...
  • Lenovo closes $2.91 billion acquisition of Motorola unit from Google October 30, 2014

    Beijing: China's Lenovo Group said Thursday it has closed its $2.91 billion acquisition of the Motorola handset unit from Google, paving the way for a fresh assault on the US smartphone market. The purchase comes as Lenovo, the world's leading PC maker, ramps up its effort to diversify its business and...
  • Centre clears major defence deals to bolster armed forces October 25, 2014

    New Delhi: The Union government has cleared major defence purchases to bolster the country's armed forces. The Defence Acquisition Council has cleared deals worth Rs 80,000 crore. Six submarines will be constructed indigenously under the 'Make In India' drive The project is expected to be worth Rs 50,000. In addition,...
  • Time Warner shareholders approve acquisition by Comcast October 9, 2014

    New York: Time Warner Cable said on Thursday its shareholders approved its acquisition by Comcast Corp., clearing another hurdle for the $45 billion deal. In February, Comcast said it agreed to buy rival Time Warner in an all-stock deal. The deal will make Comcast, which also owns NBCUniversal, a dominant force...
  • Microsoft buys Minecraft maker Mojang for $2.5 billion, founders to leave September 16, 2014

    Stockholm/Seattle: Microsoft has agreed to acquire the Stockholmbased developer of the wildly popular Minecraft video game for $2.5 billion, as it tries to lure a new and mostly young audience into its mobile world. Minecraft a construction game in which players can build nearly anything imaginable, block by block, in...
  • Centre seeks consensus for changes in Land Acquisition Act September 15, 2014

    New Delhi: The central government on Monday sought "consensus" to bring changes in the Land Acquisition Act to make it more investorfriendly but said it was not happening due to the "contradictory views" within political parties which are wanting changes in the legislation. Rural Development Minister Nitin Gadkari also hit out...
  • Why Microsoft is buying Minecraftmaker Mojang for a reported $2.5 billion September 14, 2014

    Microsoft's impending purchase of Mojang, the Swedish developer with 100 million players of its open world Minecraft game, is more aimed at pulling users onto the software company's obscure mobile platform than its better known PC system or Xbox game console. The software company's Windows Phone system has only 2.5 per...
  • Defence Ministry scraps Rs 6,000 crore deal to buy 197 Light Utility Helicopters August 29, 2014

    New Delhi: The Defence Ministry on Friday scrapped a Rs 6,000 crore deal to procure 197 Light Utility Helicopters. The deal got stuck after AgustaWestland, which was one of the participants, came under investigation in the VVIP chopper deal. The decision was taken at a meeting of the Defence Acquisition Council...
  • Samsung buys US air conditioner firm Quietside in 'smart home' push August 19, 2014

    Seoul: Samsung Electronics Co Ltd said on Tuesday it had acquired U.S. air conditioner distributor Quietside LLC as part of its push to strengthen its "smart home" business. It is the South Korean firm's second such acquisition within a week after it said on Friday it had purchased SmartThings, a USbased...
  • Samsung to buy home automation startup SmartThings August 17, 2014

    Seoul: Samsung said it had reached a deal to buy a US home automation startup SmartThings, as the South Korean electronics giant aims to expand beyond the increasingly saturated smartphone market. The world's top smartphone maker said it had entered into a deal to buy the US app maker, which allows...
  • Google buys social travel app maker JetPac August 16, 2014

    Google is buying JetPac, the startup that designs social travel applications disclosed on its website on Friday, without providing details. "We'll be removing Jetpac's apps from the App Store in the coming days, and ending support for them on 9/15," stated a posting on JetPac's homepage. San Franciscobased JetPac has created a...
  • Facebook to acquire Internet security company PrivateCore August 8, 2014

    San Francisco: Facebook said on Thursday it will to acquire a company that helps protect the computers and data centers that power Internet services. Facebook did not disclose financial terms for the acquisition of PrivateCore, which was founded in 2011 and is based in Palo Alto, California. PrivateCore raised $2.25 million...
  • Apple closes Beats music acquisition August 2, 2014

    San Francisco: Apple said Friday it closed its $3 billion deal for Beats, the highend audio equipment and streaming music service, a tieup that could allow the iPhone maker to reach new audiences. "Today we are excited to officially welcome Beats Music and Beats Electronics to the Apple family," Apple said...
  • Defence Minister defers decision on Navy chopper deal over AgustaWestalnd links July 27, 2014

    New Delhi: The NDA government has deferred its decision on the procurement of 16 multirole helicopters for the Indian Navy as one of the two companies in the race for the deal is linked with Finmeccannica the parent organisation of the scamtainted firm AgustaWestalnd. The Defence Acquisition Council headed by Defence...
  • Facebook extends closing of WhatsApp acquisition by a year July 27, 2014

    New Delhi: Social networking giant Facebook has extended by a year the closing of its landmark $19 billion deal to acquire instant messaging app WhatsApp. The Californiabased firm will have to pay WhatsApp $1 billion in cash and $1 billion in stock options in case it fails to close the deal...
  • LinkedIn to buy ad tech company Bizo for $175 million July 23, 2014

    New York: LinkedIn is spending $175 million to buy Bizo, a provider of advertising technology and measurement services aimed at professionals. LinkedIn said Tuesday that it is paying 90 per cent in cash and the rest in stock for San Franciscobased Bizo. The deal is expected to close in the third...
  • Google tried buying Spotify but backed off because of whopping price tag July 23, 2014

    New York: Internet titan Google tried last year to buy streaming music service Spotify but backed off for reasons including a whopping price tag, the Wall Street Journal reported on Tuesday. The Journal cited an unnamed source as saying that Swedenbased Spotify was asking for more than $10 billion despite being...
  • States seek easier land sales in reform challenge for Modi July 16, 2014

    New Delhi: States eager to kickstart major infrastructure projects have proposed radical changes to land acquisition laws that are blamed for stalling billions of dollars' worth of roads, railways, ports and power installations. According to a confidential government paper seen by Reuters, several states want to do away with obtaining landowners'...
  • No forceful acquisition of land for industrialisation: Mamata Banerjee July 15, 2014

    Kolaghat (WB): West Bengal Chief Minister Mamata Banerjee on Tuesday once again made it clear that there would be no forceful acquisition of land for setting up industry. Speaking at a programme here in West Midnapore district, the chief minister said, "We are against forceful acquisition of land. In West Midnapore...
  • What if Google sold itself back in 1997? Larry Page and Sergey Brin share the story July 8, 2014

    Back in 1997, Google was almost acquired by Excite, one of the early Internet portals and search engines. The world would have been a very different place if the acquisition that was initially pegged at $1 million that was later brought down to $350,000. In an interview with venture capitalist Vinod...
  • Facebook buys video ad company LiveRail July 3, 2014

    San Francisco: Facebook is acquiring video advertising company LiveRail in the Internet social network's latest step to make video ads a bigger part of its business. Facebook did not disclose a price for the San Franciscobased company, which was founded in 2007 and has offices in several countries. LiveRail's technology automatically...
  • Google buys music streaming service Songza July 2, 2014

    San Francisco: Google has acquired streaming music service Songza, the Internet search company's latest move to play a bigger role in the fastgrowing online music business. Google said on Tuesday it would explore ways to incorporate aspects of Songza into its existing streaming music service over the coming months. For...
  • Twitter buys mobile ad firm Tap Commerce July 1, 2014

    San Francisco: Twitter announced Monday that it has cut a deal to buy mobile ad firm Tap Commerce to bolster moneymaking tools at the popular onetomany messaging service. San Franciscobased Twitter did not disclose how much it paid for Tap Commerce, which is located in New York City, but technology news...
  • Oracle to buy Micros Systems for about $5.3 billion June 24, 2014

    Redwood Shores: Software maker Oracle is buying Micros Systems Inc., which provides software and hardware to the hospitality and retail industries, for about $5.3 billion. Oracle Corp. said Monday that it will pay $68 per Micros share, a 3 percent premium to the company's $65.77 Friday closing price. Shares of Micros gained...
  • Google's Nest to buy homemonitoring camera startup Dropcam for $555 million: Report June 21, 2014

    Dropcam, the homemonitoring camera startup, will be bought by Google's Nest Labs for about $555 million in cash, a technology news website reported on Friday. The deal was signed on Friday and is yet to close, according to the report by Recode.net. Nest confirmed the acquisition in a blog post on Friday,...