Firms/companies
Adobe Systems to buy stock photography company Fotolia for $800 mn
12 Dec 2014
Adobe Systems Inc, the maker of Acrobat and Photoshop software, yesterday struck a deal to buy privately-held stock photography company Fotolia for $800 million
Google to shut down Google News service in Spain
11 Dec 2014
BP Plc pegs restructuring charges at $1 bn
11 Dec 2014
Microsoft continues to take on US government over data disclosures from foreign server
11 Dec 2014
Microsoft has chosen to continue taking on the US government in a legal battle over whether US authorities could use a warrant to extract data from servers located abroad
I-T dept within its jurisdiction in Vodafone transfer pricing case: ITAT
10 Dec 2014
The Income Tax Appellate Tribunal, however, sent the case back to the I-T department to decide afresh on the taxable income of Vodafone India and revise the Rs8,500 crore tax claim accordingly
BG Group sells Australian LNG pipeline to APA Group for $5 bn
10 Dec 2014
BG expects to make a profit of $2.7 billion through the sale, although it will be partly offset by impairment charges on its Australian subsidiary Queensland Curtis Liquefied Natural Gas Pipeline projet
Merck & Co to buy Cubist Pharmaceuticals for $8.4 bn
10 Dec 2014
Merck expects the acquisition to add more than $1 billion of revenue after closing in the first quarter, but will be neutral to non-GAAP earnings per share until 2016
BHP to name proposed spinoff company South32
09 Dec 2014
The new company’s name represents its major assets in the southern hemisphere in Australia and South Africa, linked by the 32nd parallel south of latitude and the company’s regional approach to managing its operations
Reliance’s ‘Only Vimal’ half sold to China’s Shandong Ruyi
09 Dec 2014
RIL’s textile business, which operates under the well-known brand ‘Vimal’, is the founding business of RIL while Ruyi is a leading textile company in China with revenues in excess of $3 billion and a global presence
BP to let go middle management as oil price fall bites
09 Dec 2014
BP, which suffered a major setback in the Gulf of Mexico oil spill and subsequent compensation claims and is now struggling with low oil prices, plans to reduce the number of managers across all “layers above operations”
Cisco ties up with IL&FS to network upcoming ‘smart cities’
09 Dec 2014
The companies will jointly develop Internet of Everything (IoE)-based digital solutions to pursue opportunities in the infrastructure sector and smart cities in India
Featured articles
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation
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