Wipro to acquire Germany's cellent AG for Rs 518 cr

The all-cash deal is expected to close in the March 2016 quarter. India’s third largest software services firm Wipro on Wednesday said it will acquire German IT consulting firm cellent AG for......

SoftBank names Nikesh Arora president and Son's likely successor

  Japan's SoftBank Corp unveiled a management reshuffle on Monday, appointing investments head Nikesh Arora as president and naming him as a potential successor to CEO Masayoshi Son, as the......

Alibaba close to buying strategic stake in Meru

Mumbai-based Meru Cabs is in talks with Chinese e-commerce giant Alibaba for a strategic investment.  Alibaba executives have held discussions with Meru and talks are likely to progress in the......

What prompted China's Baidu to buy stake in Uber

Baidu's stake in Uber looks more hype than substance. Strategically, the alliance looks like a coup. The Chinese search engine is behind rivals Alibaba and Tencent in the mobile taxi app business.......