Woodbridge, the Thomson family holding company which controls about 70 per cent of Thomson, has also committed to vote in favour of the deal, the statement said.
This is the third investment by News Corp in India.
Microsoft has had a rough track record in making big acquisitions pay off.
Maruti Suzuki, India's biggest carmaker, reported a 36 per cent rise in third-quarter net profit, matching estimates, as favourable foreign exchange movement and cost reduction efforts offset falling sales.
HCL Technologies Ltd, India's No. 4 IT services exporter, beat expectations with a 41.6 percent rise in quarterly profit, after order wins boosted earnings.
The 24-hour delivery offer applies only to select postal codes and is not available across the country.
Gates has sold 20 mn shares each quarter under a pre-set trading plan
Rupert Murdoch-led News Corp has acquired 25 per cent stake in real estate portal PropTiger.com for $30 million.
The board finally gives into the demands by activist investor Carl Icahn.
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The rupee has also been bolstered by inflows into equities and debt this month, despite concerns about the withdrawal of the U.S. Federal Reserve's monetary stimulus and China's economy.
Quarterly revenue from Europe rose 35 per cent, the strongest growth since the company started breaking out revenue by region two years ago.
Cairn files notice against India in $1.6 billion tax dispute.
Dorsey works to rebuild employee morale and confidence at Twitter after a spate of high-level departures.
Top Indian private sector lender ICICI Bank, which owns nearly 68 percent of the insurer, is selling up to 181.34 million shares in the IPO.
ONGC is raising debt for a spate of acquisitions over the past year
In New York, the US currency fell against the Australian dollar and British pound on Monday as investors continued to weigh the potential weather drag on recent economic data, and whether or not it could sway monetary policy.
Coffee Day Enterprises Ltd is backed by KKR & Co.
Arora was hired in July to run a newly created unit called SoftBank Internet and Media Inc.
Foreign money has been pouring into India's fast-growing e-commerce sector, with investors ranging from Japan's Softbank Corp to Singapore's Temasek Holdings.
Infosys has been focusing on winning more lucrative digital technology and automation outsourcing contracts.
Surging value of dollar may be posing the biggest threat to US corporate earnings.
With nearly a quarter of U.S. energy shares' value wiped out by oil's six-month slide, investors are wondering if the sector has taken enough punishment and whether it is time to pile back in ahead of earnings reports later this month.
India's Iran imports rise to 276,800 bpd vs 195,600 bpd in 2013.
The acquisition will allow Lenovo to diversify revenue away from the shrinking PC business.
'We must all commit to sharing less nonsense and quarrelling less on social media.' 'We could use that time instead to meeting and speaking to our friends and family instead of 'liking' their posts.' 'Zuckerberg will be the poorer for that, but our lives will be so much richer,' says Rahul Jacob.
Profit of $18 billion was the biggest ever reported by a public company, worldwide.
Apple said it sold 51.2 million iPhones in its second fiscal quarter, down from 61.2 million in the same quarter a year ago but above analysts' estimates of about 50 million devices.
Annualised staff attrition rate at Infosys rose to a record 20.1 per cent in the September quarter.
Traders have all but given up attempting to predict where the new-year rout will end
The biggest private sector lender, are swarming the market with discounts and special offers
Several brokerages lifted their outlooks for the BSE Sensex and companies were queuing to ride the wave of political euphoria
From farmers to cement, steel, logistics, transportation and automobiles, the back-end is struggling to get going due to the liquidity crisis.
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