Mumbai: Global travel business major Thomas Cook Wednesday said it was in the process of selling its 77.1 percent stake in its Indian subsidiary and had received several proposals. The news sent the Indian arm’s stock soaring. The London-based parent company has been facing a downturn in business with the [...]

New Delhi, India – December 20, 2011: Infosys BPO Limited, the business process outsourcing subsidiary of Infosys Limited, today announced the signing of a definitive agreement to acquire all of the outstanding share capital in Australia-based Portland Group Pty Ltd, a leading provider of strategic sourcing and category management services. [...]

Bangalore: Software major Aditi Technologies acquired the US-based cloud computing start-up Cumulux for an undisclosed sum to offer cloud services and drive applications and workloads over a network, the company said Monday. "We are betting our business on cloud computing, which will give competitive advantage to customers as we have [...]

Mumbai: Titan Industries Wednesday said it will acquire Swiss watch brand Favre Leuba for 2 million Euro (Rs.13.6 crore). "The company has signed a binding offer with Valfamily SL Spain and Maison Favre Leuba, Switzerland, for the acquisition of brand Favre Leuba," the company said in a regulatory filing. "This [...]

New Delhi: Swedish telecom equipment manufacturer Ericsson Thursday said Sony Corp would acquire its stake in their joint venture — Sony Ericsson Mobile Communications — for Euro 1.05 billion ($1.47 billion) making the mobile handset business a wholly-owned subsidiary of the Japanese electronic giant. "The transaction gives us an opportunity [...]

Moscow: Software giant Microsoft has bought Internet communications company Skype for $8.5 billion in its largest ever acquisition deal, Microsoft said Friday. "Skype is a phenomenal product and brand that is loved by hundreds of millions of people around the world. We look forward to working with the Skype team [...]