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The acquisition is expected to be completed till the end of December 2014. The new combined entity will grow to 30-40 people in the next three months and over time the Italy operation is expected to grow to 150-200 people.
SoftBank will acquire around 30% stake in the property portal for 470 crore rupees. With this, the value of Housing.com increased to 1550 crore rupees.
Magic Cabs service has its own fleet of taxis and can be accessed through a combination of voice calls, online reservations and mobile application. The service will initially be available on Android phones.
IT services company HTC Global Services on 19 December 2014 acquired a US based firm CareTech Solutions Inc.
RBI authorised IMT-instant money transfer service of Empays under the Payments and Settlements Act 2007.
Jagran Prakashan Limited (JPL) on 16 December 2014 announced to acquire Music Broadcast Private Ltd (MBPL) in all cash deal. MBPL operates the popular Radio City FM station. The amount of the deal was not disclosed.
Under this programme, Microsoft launched a Spanish-English test program using its Skype messaging service. The programme is based on the vision of the universal translator.
The program had its first trial with school children in Mexico City and their counterparts at a school in Tacoma, Washington.
The historic Geeta Press on 16 December 2014 announced its lockout for an indefinite period after talks between its management and employees over wage issues failed.
Google on 15 December 2014 released its annual Year in Search (YIS) Report 2014 revealing the search habits of Google users worldwide over the last 12 months.
Indian-origin Shriti Vadera was on 12 December 2014 appointed as the Chairman of Santander UK, a major British bank. She will be the first woman to head a major British Bank.
An initiative which turns a mobile phone into a bank branch.
This is fourth such deal since July 2014 in the African market.
Hinduja Brothers in partnership with a Spanish OHLD acquired the iconic old war office building of Winston Churchill on lease of 250 years.
The Tamil Nadu Handloom Weavers Cooperative Society (Co-optex) on 15 December 2014 launched its online shopping portal offering a range of silk and cotton sarees.
As per the deal, Carnival agreed to acquire 100% stake in multiplex operator Big Cinemas.
ICCI Bank launched India’s first credit card with a unique transparent design and a distinctive look.
RIL suggested his name after former Chief Justice of India S P Bharucha quit the case in the first week of December 2014.
The thermal plant was acquired from the promoters of IRB Infrastructure.
This is the company's first acquisition after Japanese telecom and internet giant SoftBank invested 627 million US dollar in the homegrown online marketplace in October 2014.
Essar Group of India and Rosneft, crude oil producer of Russia signed a 10 billion US dollars contract to import crude oil over ten years from Russia.
In its judgement, the HC granted an ex parte injunction order against the Xiaomi for infringement of Ericsson's patents and ordered Xiaomi to not bring any new phones into India nor sell or advertise them here unless it resolves the legal issues surrounding its operations.
German drug regulator on 10 December 2014 banned the sale of 80 generic drugs with immediate effect on the grounds that their clinical trials were insufficient.
He will take the charge with immediate effect
RIL operates its existing textile business under the brand Vimal.
Delhi Government banned the US-based cab firm Uber taxi services after its driver raped a 27-year-old MNC executive.
He will remain with the company till 31st December 2014.
Bharat Heavy Electricals Limited on 8 December 2014 successfully commissioned a 28 MW Nyaborongo Hydro Electric Project in Rwanda on turnkey basis.
Warren buffet became second richest person in the World. He replaced Carlos Slim, business magnate of Mexico.
He is currently working as the Vice-President of Samsung’s U.S. research unit in the Silicon Valley and heads the Think Tank team of Samsung.
A Boeing 787 aircraft on 3 December 2014 completed the world's first flight using green diesel as Aviation Biofuel. The airplane performed in the same manner as it does with conventional jet fuel.
Vijay Mallya had to quit the board of MCF after State Bank of India advised the company that it will be difficult for them to lend money to MCF with a willful defaulter Mallya on the board.