New York: Dell Inc is expected to reach an agreement to buy network security software maker Quest Software Inc as soon as this weekend after a previous deal fell apart, several people familiar with the matter said. Dell is planning to offer between $23 and $26 per share to buy the enterprise systems management software maker, two sources told Reuters on condition of anonymity because the discussions were not public....
10:34 AM, May 26, 2012
Allahabad: Acquisition of land in yet another village of Gautam Buddh Nagar district of Uttar Pradesh was on Friday set aside by the Allahabad High Court. A Division Bench comprising justices Sunil Ambwani and Aditya Nath Mittal while asking the Greater Noida Industrial Development Authority (GNIDA) to "return the land" in Surajpur village under Dadri Pargana of the district to the petitioners, also ruled that they shall be "entitled to...
08:13 PM, May 25, 2012
New Delhi: Bharti Airtel today said it has acquired 49 per cent stake in Qualcomm's broadband wireless access (BWA) business in India for USD 165 million (about Rs 922 crore). Under the agreement, Bharti Airtel has made an initial investment of about USD 165 million to acquire 49 per cent interest in Qualcomm Asia Pacific's India entities that hold BWA licenses in Delhi, Mumbai, Haryana and Kerala, Bharti Airtel said...
04:48 PM, May 24, 2012
New York: Business software maker SAP AG on Tuesday said it will buy Ariba Inc., which makes Web-based software that connects suppliers and buyers online, for about $4.51 billion. The deal continues Germany-based SAP's rivalry with database maker Oracle Corp. Both companies are buying up smaller ones that, like Ariba, provide software that's hosted on remote servers, in the so-called "cloud." Cloud-based applications remove the need for businesses to install...
12:10 PM, May 23, 2012
New Delhi: Google has announced the completion of its $12.5 billion acquisition of cellphone maker Motorola Mobility Holdings on Tuesday. Sanjay Jha, who revived Motorola's Mobile Devices business, has stepped down as CEO and Dennis Woodside has been appointed as the new CEO of Motorola Mobility. Dennis Woodside oversaw Google's acquisition of Motorola Mobility, and is former President of Google's Americas region. He has worked with partners, governments and advertisers...
07:17 PM, May 22, 2012
San Francisco: Google has completed its $12.5 billion acquisition of cell phone maker Motorola Mobility Holdings, Google said in a press statement. Google acquired Motorola Mobility for $40 per share in cash. This is the biggest deal in Google's 14-year history. The two companies announced the deal nine months ago. Google Inc. prizes Motorola Mobility Holdings Inc. for its portfolio of more than 17,000 patents. Owning the rights to those...
07:03 PM, May 22, 2012
In forty-four months, the standing committees of Parliament which examined the land acquisition bills have done an about turn on the issue of the state ...
06:17 PM, May 22, 2012
Hong Kong: Yahoo Inc. has agreed to sell half of its 40 per cent stake in Chinese e-commerce group Alibaba for about $7.1 billion, securing a financial lifeline for the struggling US Internet company. The deal, announced Sunday in the US, will see Alibaba Group buying back the stake from Yahoo Inc. for $6.3 billion cash and up to $800 million of Alibaba preference shares. The announcement caps at least...
10:10 AM, May 21, 2012
New Delhi: As Prime Minister Manmohan Singh and Congress President Sonia Gandhi get ready to present their report card for the UPA-II's third year, it seems there would not be much to celebrate. It has been a year of controversies for the UPA-II... attacks, couter-attacks... angry and sulking allies... and finally defeat. The fact that the PMO had to send repeated reminders to ministers to send their list of achievements...
07:29 AM, May 21, 2012
New York: Authorities in China have approved Google Inc.'s bid to buy phone maker Motorola Mobility, clearing the way for the $12.5 billion deal to close early next week. But Chinese regulators attached a big condition: That Google's Android operating system for mobile devices remain available to all at no cost for the next five years. The approval brings the Internet search giant closer to sealing its biggest acquisition ever....
10:04 AM, May 20, 2012
New Delhi: The Standing Committee's report on land acquisition has been slammed by India Incorporate. This came after the committee insisted that land acquisition by the government can only be done for infrastructure and social projects and not for private profit. Confederation of Indian Industry (CII) President Adi Godrej said, "The Standing Committee report on land will adversely affect the manufacturing sector as it doesn't factor in industry needs. The...
07:33 AM, May 18, 2012
Shah Rukh Khan gets into a scuffle with MCA officials at Wankhede stadium. Panel suggests new land acquisition policy. ...
11:25 PM, May 17, 2012
The Standing Committee report is being seen as bad news for industrialists while it insists on public welfare as a yardstick for land acquisition. ...
10:35 PM, May 17, 2012
The government has decided to bring in the Lokpal bill in Rajya Sabha on Monday despite opposition from parties like the JD(U) and the RJD. ...
10:24 PM, May 17, 2012
New Delhi: The Standing Committee report on land acquisition is bad news for the corporates. It insists that land acquisition by the government can only be done for social projects and not for private-public partnership. The bill is aimed at protecting farmers and landowners from exploitation. The Uttar Pradesh government has already objected to it while industrialists worry that this would close their options. Will this be the end of...
08:56 PM, May 17, 2012
New Delhi: The Standing Committee on Land Acquisition has submitted its report in Parliament on Thursday. It endorses acquisitions made by governments only for social welfare projects and not for profit. The UPA government is likely to absorb these recommendations under pressure from allies like Trinamool Congress. Minister of State for Agriculture Harish Rawat said the government is hoping to protect farmers through the amended bill. "There was fear among...
12:40 PM, May 17, 2012
New Delhi: A Parliamentary Standing Committee will submit its report on the Land Acquisition Bill on Thursday. Some proposals look fairly radical including the one allowing acquisitions only for welfare works and not profit. They are likely to get the go-ahead from the UPA government, which is under pressure from allies like Trinamool Congress chief and West Bengal Chief Minister Mamata Banerjee. The norms for land acquisition will be more...
08:52 AM, May 17, 2012
California: The US Federal Trade Commission has reached out to Google Inc and Twitter in an investigation into Facebook Inc's $1 billion acquisition of photo-sharing service Instagram, a source familiar with the probe told Reuters. It was not immediately clear what specific information the FTC was looking for, the source said. The Commission automatically initiates a review of any acquisition of significant size. The acquisition of the top photo-sharing service...
11:35 AM, May 11, 2012
Utah: Ancestry.com Inc. will acquire rival family history website Archives.com for about $100 million in cash and assumed liabilities, the companies announced Wednesday. The two companies said they're combining their strengths and key employees but will maintain separate websites. Archives.com offers access to about 2 billion historical records, from birth records to obituaries. It has 380,000 paying customers. Ancestry has 1.8 million customers. It's the world's largest online family history...
07:50 AM, Apr 26, 2012
New York: Poor Instagram users. First, their beloved photo-sharing application moves from iPhone-only exclusivity to the Android phone masses. A week later, Facebook swallows up the tiny startup behind the app for $1 billion. The purchase sparked worries that Facebook might shutter Instagram or change it for the worse by harvesting their personal information or shoving ads into their carefully curated photo streams. "I've tried very hard not to be...
10:24 AM, Apr 11, 2012
