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Corporate

TC Goyal to retire from the post of Managing Director of DLF Limited

Published on: 27-MAR-2015
Important for Exam: 6 people agreed

He had joined the company in 1981 and was elevated to the position of managing director in 1998. Goyal successfully steered the company in various phases of its growth and expansion.

Cipla launched generic of drug Sofosbuvir under the brand name Hepcvir for treating Hepatitis C

Published on: 26-MAR-2015
Important for Exam: 2 people agreed

The drug will be available in Indian market till the end of March 2015.

Vikramjit Singh Oberoi appointed as Managing Director of EIH Limited

Published on: 25-MAR-2015
Important for Exam: 25 people agreed

Currently, Vikram Oberoi is a Joint MD and Chief Operating Officer (COO). He joined EIH’s board first as a non-executive director in December 1993 and became an Executive Director in July 2004.

Google Inc appointed Ruth Porat as Chief Financial Officer

Published on: 25-MAR-2015
Important for Exam: 6 people agreed

She succeeded Patrick Pichette who announced his retirement on 10 March 2015. Currently, she is working as Chief Financial Officer at Morgan Stanley.

Renault Nissan Automotive India appointed Colin Macdonald as Managing Director

Published on: 21-MAR-2015
Important for Exam: 75 people agreed

He will be responsible for the operations of the Renault-Nissan Alliance factory at Oragadam, near Chennai.

Delhi High Court restrained Glenmark from manufacturing its anti-diabetes drugs Zita and Zita-Met

Published on: 21-MAR-2015
Important for Exam: 11 people agreed

A bench of justices S Ravindra Bhat and Najmi Waziri said company has prima facie infringed the patent of the US drug major Merck Sharp and Dohme (MSD).

Cher Wang Co-founder of HTC Corporation takes over as CEO

Published on: 20-MAR-2015
Important for Exam: 5 people agreed

Peter Chou will remain at HTC and will start a new role as the head of the HTC Future Development Lab, a new division of the company responsible for coming up with new products.

HDFC Bank launched mobile app Chillr to instantly transfer money to any person in India

Published on: 18-MAR-2015
Important for Exam: 58 people agreed

Chillr is a first-of-its kind application that is linked directly to customers’ bank accounts and is exclusively for customers of HDFC Bank

Wipro appointed Abid Ali Neemuchwala as COO and Group president

Published on: 17-MAR-2015
Important for Exam: 13 people agreed

The move is intended to help the company to streamline processes and allow dealing with strategic priorities at the company.

Mirach decided to file 400 million US dollar defamation suit against Sahara Group

Published on: 17-MAR-2015
Important for Exam: 5 people agreed

Mirach Capital alleged that the failed financing deal with the Sahara Group has caused irreparable harm and shaken investor confidence.

Ashu Suyash appointed as Managing Director and Chief Executive Officer of CRISIL

Published on: 17-MAR-2015
Important for Exam: 38 people agreed

She will succeed Roopa Kudva and will take charge from June 2015. Rupa Kudva was the MD and CEO of CRISIL from 2007 to September 2014. She had joined CRISIL in 1992.

Facebook acquired shopping search engine TheFind

Published on: 16-MAR-2015
Important for Exam: 30 people agreed

Both Facebook and TheFind cast the acquisition as a way to lift the digital advertising business of Facebook

Aditya Birla Retail acquired Total hypermarket

Published on: 11-MAR-2015
Important for Exam: 27 people agreed

Total Hypermarkets will be merged with Aditya Birla Retail's hypermarket and supermarket brand More

Blackstone appointed former COO of Unilever Harish Manwani as Global Executive Adviser

Published on: 11-MAR-2015
Important for Exam: 3 people agreed

As a Global Executive Advisor, Manwani will assist and guide selected Blackstone portfolio companies across the world and help in diligencing investment opportunities.

Ashwin Mittal appointed as CFO of Walmart India Private Limited

Published on: 09-MAR-2015
Important for Exam: 12 people agreed

Walmart India also appointed Javier Rojo as the head of its Real Estate and Business Development.

Subway opened an all-women operated outlet in Mumbai

Published on: 07-MAR-2015
Important for Exam: 10 people agreed

With the new outlet opening in suburban Andheri, the Connecticut-based company's store count has now reached 500 in India. Subway entered India in 2001. It operates in 70 cities across the country and has plans to take its total number of stores to 1000 by 2018.

Flipkart acquired mobile ad network AdiQuity

Published on: 07-MAR-2015
Important for Exam: 12 people agreed

The deal marked the online retailer's first acquisition in 2015 so far. The acquisition is aimed at increasing advertising muscle of Flipkart.

Reliance Infrastructure Ltd announced acquisition of Pipavav Defence Company Ltd

Published on: 05-MAR-2015
Important for Exam: 22 people agreed

As part of the acquisition, Reliance Infrastructure with its wholly-owned subsidiary Reliance Defence Systems Private Ltd will pay 819 crore rupees to buy 18 percent stake from Nikhil Gandhi-led Pipavav Defence.

Union Ministry of Shipping signed agreement with Toyota for Export of Automobile Units

Published on: 04-MAR-2015
Important for Exam: 15 people agreed

The agreement mainly includes the Original Equipment Manufacturers (OEM) commitment to use KPL as their primary port and KPL will give volume based discount on the tariff on certain facilities for smooth functioning of the operations.

Sun Pharmaceutical announced to buy GlaxoSmithKline's opiates business in Australia

Published on: 04-MAR-2015
Important for Exam: 7 people agreed

Sun Pharmaceutical announced to buy GlaxoSmithKline's opiates business in Australia.

Huawei launched first Android Wear Smartwatch Huawei Watch

Published on: 03-MAR-2015
Important for Exam: 7 people agreed

Huawei Watch was launched in classic, business and sporty versions powered by Google’s Android Wear operating system.

Online Taxi-service aggregator Olacabs acquired TaxiForSure

Published on: 03-MAR-2015
Important for Exam: 10 people agreed

As per the acquisition deal, the leadership and all 1700 employees of TaxiForSure will continue to work with the company.

Bharat Puri appointed as Managing Director of Pidilite Industries Limited

Published on: 28-FEB-2015
Important for Exam: 13 people agreed

Puri will succeed MB Parekh who will step down from position of Managing Director on 10 April 2015.

Ericsson sued Apple for telecom patent infringement

Published on: 28-FEB-2015
Important for Exam: 17 people agreed

The patents include standard essential patents related to the 2G and 4G/LTE standards as well as other patents that are critical to features and functionality of Apple devices.

IBM Corporation tied-up with Tech Mahindra Ltd to accelerate Global Hybrid Cloud adoption

Published on: 27-FEB-2015
Important for Exam: 14 people agreed

International Business Machines Corporation on 23 February 2015 tied-up with Tech Mahindra Limited to build a platform for the development of cloud-based apps for its clients to increase hybrid services adoption.

Lenovo slapped with lawsuit over Superfish adware

Published on: 27-FEB-2015
Important for Exam: 5 people agreed

The class-action suit was filed against Lenovo and Superfish after Lenovo admitted to pre-loading Superfish on some consumer PCs.

NSE signed MoU with GIFT to establish an international exchange in Gujarat

Published on: 27-FEB-2015
Important for Exam: 17 people agreed

The GIFT Special Economic Zone is being developed as India’s first International Financial Services Centre (IFSC). It is spread over 886 acres.

US District Court ordered Apple to pay 533 million US dollar to Smartflash in iTunes patent case

Published on: 26-FEB-2015
Important for Exam: 10 people agreed

The jury decided that Apple’s iTunes software infringed three patents belonging to licensing firm Smartflash.

Zoomcar tied-up with Tata Motors Limited to expand its fleet

Published on: 26-FEB-2015
Important for Exam: 9 people agreed

Self-drive car rental service Zoomcar on 25 February 2015 tied-up with automaker Tata Motors Limited to add 50 more new Nano cars to its fleet.

Google acquired Facebook mobile marketing startup Toro

Published on: 25-FEB-2015
Important for Exam: 19 people agreed

The acquisition will shift Toro’s focus away from Facebook. The company will continue to optimize campaigns and update dashboards for existing marketing customers

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