SAN FRANCISCO/NEW YORK - Yahoo Inc will buy blogging service Tumblr for $1.1 billion cash, giving the Internet pioneer a much-needed social media platform to reach a younger generation of users and breathe new life into its ailing brand. | Video
LONDON - From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.
India's SpiceJet says in early talks with Gulf carriers for investments
NEW DELHI |
NEW DELHI (Reuters) - Indian low-cost airline SpiceJet (SPJT.BO) is in "very preliminary" discussions with various Gulf carriers for possible investments, but any decision will be taken only after the government relaxes rules, a spokeswoman told Reuters.
The Indian cabinet will consider a proposal on Friday to allow foreign airlines to buy stakes in local carriers, moving forward with a much-delayed reform that could revitalize debt-ridden domestic carriers.
Under current rules, foreign airlines are barred from buying stakes in domestic carriers, although foreign investors are allowed to hold a cumulative 49 percent. If the proposal is approved, foreign airlines would be allowed to buy similar-sized shareholdings.
(Reporting by Anurag Kotoky; Editing by Prateek Chatterjee)
- Tweet this
- Share this
- Digg this