ACQUISITION

  • Amazon in talks to buy Israeli startup Annapurna Labs: Report 4 days ago

    Jerusalem: US tech giant Amazon is in talks to buy Israeli chipmaker Annapurna Labs for up to $370 million (244 million pounds), financial newspaper Calcalist reported on Thursday. The companies are in the final stages of negotiations, the Israeli paper said, adding that the proposal includes an agreement by Amazon to...
  • Dropbox buys US-Israeli mobile document firm CloudOn 5 days ago

    Tel Aviv: Online document-sharing company Dropbox has acquired US-Israeli CloudOn, a developer of tools to simplify creating and editing documents on mobile devices, the companies said on Wednesday. Financial details were not disclosed. CloudOn will become Dropbox's first Israeli office and will focus on research and development. Dropbox plans to hire more...
  • Twitter makes first Indian acquisition with mobile marketing startup ZipDial 6 days ago

    Bengaluru: Twitter on Tuesday said it will buy Indian mobile phone marketing start-up ZipDial, reportedly for $30 million to $40 million, as the US microblogging service looks to expand in the world's second-biggest mobile market. Bengaluru-based ZipDial gives clients phone numbers for use in marketing campaigns. Consumers call the numbers and...
  • Why Samsung should buy BlackBerry January 16, 2015

    Seoul: Samsung and Blackberry have splashed frigid water on a report that Samsung wants to make a $7.5 billion takeover offer for the struggling Canadian device maker. That, however, did not stop tech industry watchers from dissecting all the possibilities. Once strong in mobile devices, Blackberry is now an also ran,...
  • India's Zomato acquires US-based rival Urbanspoon for about $50 million January 13, 2015

    Mumbai: Indian restaurant search services provider Zomato acquired US-based rival Urbanspoon for about $50 million in one of the biggest overseas deals by an Indian startup and a company executive said it was in talks to raise about $100 million in fresh funding. India's rapidly growing Internet- and mobile-based companies have...
  • Hike acquires US voice-calling firm Zip Phone January 8, 2015

    New Delhi: Home-grown chat application, Hike Messenger, said it has acquired US-based voice-calling company Zip Phone for an undisclosed amount. This is Hike's first acquisition and is aimed at expanding its product range in the Internet-based communication, the company said in a statement. Zip Phone, a one-man startup founded by Anuj Jain...
  • Facebook acquires voice recognition firm Wit.ai January 6, 2015

    San Francisco: Facebook acquired a company that makes voice recognition technology for wearable devices and Internet-connected appliances, the latest sign of its ambition to extend its reach beyond computers and smartphones. Facebook said it acquired wit.ai, without providing a price for the deal. The 18-month old company, based in Palo Alto,...
  • Jairam Ramesh criticises Modi government over land act amendments January 5, 2015

    Greater Noida: Senior Congress leader and former Union Minister Jairam Ramesh on Monday criticised the Centre over the ordinance making amendments to the land acquisition act. Addressing a Mahapachayat at Gharbara village, Ramesh said the erstwhile UPA government had formulated pro-farmer land policy after consultations with all political parties including...
  • Changes in land laws balances development,compensation: Arun Jaitley January 4, 2015

    New Delhi: Brushing aside criticism against changes in land acquisition laws, Finance Minister Arun Jaitley on Sunday said the amendments would ensure higher compensation to land owners while fulfilling developmental needs of the nation. "The amendment balances the developmental needs of India, particularly rural India, while still providing enhanced compensation to...
  • Jairam Ramesh slams Modi government over Ordinance on land acquisition, says Congress to oppose it in Parliament December 30, 2014

    New Delhi: Former Rural Development Minister and Congress Rajya Sabha MP Jairam Ramesh, who piloted the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013, has slammed the Narendra Modi government for bringing in an Ordinance that dilutes key provisions of the Act. Ramesh says, "What...
  • West Bengal will not implement land act amendments, says CM Mamata Banerjee December 30, 2014

    Kharagpur: Claiming that the situation under Narendra Modi government "is worse than Emergency", West Bengal Chief Minister Mamata Banerjee on Tuesday said that her government will not implement the proposed amendments under the Land Acquisition Act. Terming the land ordinance as "black ordinance" and "unjust", Banerjee said, "They will snatch...
  • India @ 9 with Zakka Jacob December 29, 2014

    Catch the day's top stories with Zakka Jacob on India @ 9. ...
  • News 360: Bajrang Dal stages protests against Aamir Khan's 'PK' across India December 29, 2014

    The Bajrang Dal has staged protests against the film 'PK' across the country even as the Censor board has refused to take any action against the film. Censor board Chairperson Leela Samson said that the board will not remove any scenes from the film as it has already released. ...
  • Cabinet approves Ordinances on land acquisition, regularisation of illegal colonies in Delhi December 29, 2014

    New Delhi: The Cabinet on Monday approved two ordinances - one on Land Acquisition and another on National Capital Territory of Delhi Laws (Special Provisions). The Bills could not be passed in the winter session of Parliament because of the ruckus on conversion issue. Informing about the ordinances, Information and Broadcasting...
  • Cabinet to discuss changes in Land acquisition Act through ordinance today December 29, 2014

    New Delhi: The Union Cabinet in its meeting on Monday evening is likely to approve ordinances for the Land Acquisition Act and Mines and Minerals (Development and Regulation) Act. President Pranab Mukherjee had last week, signed ordinances on raising the cap of Foreign Direct Investment in Insurance as well as...
  • Centre to take ordinance route to effect changes in Land Acquisition Act December 27, 2014

    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...