Three automobile giants Renault, Nissan and Mitsubishi, are reportedly going to form a French-Japanese strategic alliance to jointly develop electric vehicles (EVs).

Venice, California-headquartered Bird Rides Incorporated has confirmed that it will merge with a special purpose acquisition company (SPAC) called Switchback II Corporation to go public in a deal v

The financial arm of Intel, Intel Capital has announced investment plans for various Indian companies. It would invest $23 million in three Indian companies namely One97 Communications, IndiaMART. com and Global Talent Track.

The company formed an Intel Capital India Technology Fund worth $250-million in December 2005 and a major portion of this fund would be used to fund these companies.

Personal care products maker Dabur India Limited has acquired 72.15% stake in Fem Care Pharma, a women’s skin-care products company for Rs 203.7 crore. 

The board of directors of Dabur India approved the acquisition on Friday.

As per the SEBI guidelines for takeover, Dabur will make an open offer for another 20 per cent in Fem Care. The transaction, finalised at a price per share of Rs 800, will take the total deal size to Rs 202.4 crore and giving Fem Care an enterprise valuation of more than Rs 300 crore.

Sun Microsystems announced a slash in the employee headcount yet again - this time a little deeper to appease investors and to get back to profitability. On Friday, the company talked of a restructuring that involves layoff of 15 percent to 18 percent of its global workforce, which works out to approximately 5,000 to 6,000 employees.

It's been almost a year since Yahoo Inc. has been searching for alternatives to Microsoft Corp's buyout offer. But recently Yahoo Inc.'s Chief Executive, Jerry Yang confirmed that he is still in favor of the deal between Yahoo! and Microsoft, as it can help Yahoo!, which currently is facing a lot of pressure.