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Wednesday, March 11, 2015

Indian firms could get boost from Google, Alibaba, (NMS: GOOG), (NMS: GOOGL)

Two Indian firms could get a boost from tech majors in what might turn out to be the first direct investment in the country by Google Inc and Alibaba.Chinese e-commerce giant Alibaba is in talks with Indian online marketplace Snapdeal over a potential cash investment, a person familiar with the negotiations said.The source, who declined to be named because talks are not public, said on Wednesday that negotiations were "ongoing".Alibaba is "looking, but there's still no deal", the source added.

Google Inc. (Google) is a global technology company. Shares of GOOG fell by 0.69% or $-3.83/share to $551.18. In the past year, the shares have traded as low as $487.56 and as high as $604.83. On average, 2089110 shares of GOOG exchange hands on a given day and today's volume is recorded at 1815763.

Google Inc. (Google) is a global technology company. Shares of GOOGL fell by 0.74% or $-4.16/share to $555.69. In the past year, the shares have traded as low as $490.91 and as high as $608.91. On average, 2388820 shares of GOOGL exchange hands on a given day and today's volume is recorded at 2026158.



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