Software and tech giant Oracle has reached an agreement to purchase cloud computing firm NetSuite for more than $9 billion, the companies said Thursday. The deal for NetSuite, one of the first U.S. cloud computing firms, was valued at $109 per share and $9.3 billion. “Oracle and NetSuite cloud applications ... Read More »
Even as the death toll in the current wave of devastating floods in Assam claimed 26 lives and affected 37 lakh people in the state, union home minister Rajnath Singhon Saturday in Guwahati called for finding long-term solutions to tackle the recurring problem. “Short-term measures are temporary. What we require ... Read More »
Across the U.S., Western Europe, and even in parts of Asia, coal is in secular decline. There will be very few coal power plants built in many western countries in the coming years if environmentalists have their way, and the superior economics of natural gas are piling on even more ... Read More »
Minister of State for External Affairs V K Singh will leave for Saudi Arabia soon to assess the severity of the food crisis faced by nearly 10,000 Indians rendered jobless and will explore their possible return, with Saudi authorities assuring assistance. Singh will travel to the Gulf nation in the ... Read More »
Former Fox News Channel personality Gretchen Carlson said she feels vindicated and satisfied with the removal of network CEO Roger Ailes, in what was a major media shakeup this month that followed claims of sexual harassment against the news boss. Carlson, the former host of FNC’s The Real Story and ... Read More »
DNO, a Norwegian oil and gas company with strong Iraqi assets, said Friday it made a $300 million bid for Gulf Keystone Petroleum, which is restructuring debt. DNO said it was offering 40 percent of the full offer in cash, which it said would give investors in Gulf Keystone Petroleum ... Read More »
A Karnataka bandh called by pro-Kannada groups and farmers’ associations Saturday to protest against an interim order of Mahadayi Water Dispute Tribunal evoked a strong response. The tribunal Wednesday rejected Karnataka’s plea for 7.56 tmc of water from Mahadayi/ Mandovi river for supplying drinking water to Belagavi, Dharwad, Gadag and ... Read More »
The municipality of Wood Buffalo said it was getting a support package from the provincial government of Alberta two months after fires shut in oil production. The provincial government said it was extending around $65 million to help the municipality recover from wildfires that scorched the region for most of ... Read More »
Days after Delhi Chief Minister Arvind Kejriwal told party colleagues that they should be prepared to “go to jail many times” and alleged that the BJP and Prime Minister Narendra Modi could get him “killed”, another AAP MLA, Sharad Chauhan of Narela, was arrested late Saturday night in connection with ... Read More »
After a dismal earnings report, Norwegian energy company Statoil said it secured a stake in an oil basin off the coast of Brazil from the nation’s oil company. “Through this acquisition, we are accessing a world class asset, and we strengthen our position in Brazil, one of Statoil’s core areas ... Read More »
While swinging to a loss in its quarterly report, Italian energy company Eni said it was moving more controls to its chief executive to retool risk structures. The company reported its second quarter loss widened to $494 million in part because energy prices remain under pressure from a market characterized ... Read More »
