Srei Infrastructure Finance Ltd. is all set to buy the domestic banking unit of nationalized Austrian lender Hypo Alpe Adria for 65.5 million Euros, the newspaper Die Presse said.

The news of the closure of a soft drinks company's factory bring along the news of loss of jobs of eighteen people at Britvic in Belfast.

The Ford Europe CEO, Stephan Odell, has raised a widely ranging call to all the European politicians, business leaders, regulators and academics for creating a market condition that will be enabling the manufacturers to prosper at a major level.

According to a filing with U. S. regulators, Fiat Industrial is looking forward to move its tax residence to the U. K. from Italy after its planned merger with unit CNH. The move by the truck and tractor maker will bring down its tax bill.

According to the recently-released updated rakings of smartphone manufacturers as per the American Customer Satisfaction Index, Apple is apparently losing ground to its closest competitor Samsung.

Vodafone has recorded its first ever downfall in the annual revenues as the recession in southern Europe sighted its taking falls up to 17%.

Along with the overburdened finances, the major British mobile phone company said that it will reinvest in the upcoming month's £2.1bn dividend from US subsidiary Verizon Wireless in the business rather than giving back the cash to the shareholders.

According to Adelaide Now, tech giant Apple is opening its first South Australia store - the Rundle Place storefront - to the public from 10am on Saturday, May 25.

As per reports, Yahoo board met under the presidency of Marissa Mayer, the present in charge of Yahoo!, to discuss the acquisition of blogging site Tumblr.