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Mobile banking service SIMsePAY launched in Arunachal Pradesh

4 hrs ago
Important for Exam: 0 people agreed

SIMsePaY service was launched by Arunachal Pradesh State Co-operative Apex Bank in collaboration with the Yes Bank Ltd.

European Union clears $26 billion Microsoft-LinkedIn deal

22 hrs ago
Important for Exam: 2 people agreed

The EU’s clearance was the final hurdle to closing the Microsoft-LinkedIn deal, following approvals in the U.S., Canada, Brazil and South Africa.

Amazon launches global startup program Launchpad in India

2 days ago
Important for Exam: 3 people agreed

In this regard, Amazon India tied up with Start Up India programme of Department of Industrial Policy and Promotion (DIPP), NASSCOM's 10000 Startups, Indian Angel Network (IAN), NITI Aayog, Governments of Maharashtra, Telangana and TiE.

AirAsia India appoints Amar Abrol as Managing Director

2 days ago
Important for Exam: 5 people agreed

AirAisa is a joint venture with AirAsia Berhad holding 49 per cent stake in the airline, Tata Sons holding 40.06 per cent stakes and Arun Bhatia holding the remaining 10 per cent through his company, Telestra Tradeplace.

Airtel appoints Sunil Taldar as CEO and Director for DTH business

2 days ago
Important for Exam: 4 people agreed

Taldar will also be a member of the Airtel Management Board and will report to Gopal Vittal, Chief Executive Officer at Bharti Airtel (India and South Asia).

Amazon to sell Amul products online in the US

Nov 29, 2016
Important for Exam: 2 people agreed

The collaboration is a part of Amazon’s Global Selling Programme, which is aimed at giving easy access to Indian sellers to consumers across the globe.

Tata Steel replaces Cyrus Mistry as Chairman

Nov 28, 2016
Important for Exam: 2 people agreed

Six Tata Group companies, namely Tata Steel, Tata Motors, Tata Consultancy Services (TCS), Tata Power, Tata Chemicals and Indian Hotels Company (IHCL), have convened EGMs to remove Mistry as Director from their respective boards.

Zak Brown appointed as Executive Director of McLaren Technology Group

Nov 22, 2016
Important for Exam: 3 people agreed

Zak Brown is chosen for the position after Ron Dennis was forced out as Chairman and Chief Executive of McLaren in November 2016.

Google launches PhotoScan App to scan physical photographs

Nov 17, 2016
Important for Exam: 1 people agreed

It uses augmented reality to create four points near the frame and uses the four photos to create composite image without glare.

Tata Global Beverages replaces Cyrus Mistry as Chairman

Nov 16, 2016
Important for Exam: 0 people agreed

This is the second time that Mistry is shown out the doors from a Tata entity. Earlier, Tata Consultancy Services (TCS) had replaced him with Ishaat Hussain as the Interim Chairman.

Twitter’s Chief Operating Officer Adam Bain quits

Nov 12, 2016
Important for Exam: 0 people agreed

In August 2016, Bain had celebrated his six-year anniversary at Twitter. Over his time at the company, he helped build Twitter’s ad efforts from the ground up. He was once considered a top candidate to be the chief executive of the company before Jack Dorsey got the job.

Ishaat Hussain appointed as interim Chairman of TCS

Nov 10, 2016
Important for Exam: 1 people agreed

Hussain succeeds Cyrus Mistry, who was ousted from the position of the company’s Chairman on 23 October 2016 by the board of Tata Sons Ltd. At that time, the board appointed Ratan Tata as the Interim Chairman of the group until another suitable candidate was chosen.

Parminder Singh resigns as Managing Director of Twitter's MENA region

Nov 6, 2016
Important for Exam: 1 people agreed

Singh is succeeded by Maya Hari as the Managing Director for South East Asia and India region of Twitter. Hari will be reporting to Aliza Knox, Vice President, Asia Pacific.

Rishi Jaitly, Twitter's India head, resigns

Nov 2, 2016
Important for Exam: 1 people agreed

Prior to joining Twitter, Jaitly worked at Knight Foundation as Program Director. However, he is better known for his stint as the head of Public-Private Partnerships at Google India.

Arnab Goswami resigns as Editor-in-Chief of Times Now

Nov 2, 2016
Important for Exam: 3 people agreed

Goswami was the anchor of Newshour, the prime time news programme which he anchored on weekdays at 9 pm everyday.

Sunil Bharti Mittal appointed as Chairman of GSMA

Oct 28, 2016
Important for Exam: 4 people agreed

On the other hand, the company re-elected Mari-Noëlle Jego-Laveissiere, Executive Vice President, Innovation, Orange Group as Deputy Chairman. It also elected the new members of the 26-member Board of the company.

Borje Ekholm appointed as President and CEO of Ericsson

Oct 27, 2016
Important for Exam: 0 people agreed

Ekholm will also remain a member of the Board of Directors of Ericsson. Presently, Ekholm is working as CEO of Patricia Industries.

Dr Reddy's Lab announces strategic deal with Gland Pharma in US market

Oct 27, 2016
Important for Exam: 1 people agreed

The portfolio is a mix of filed ANDAs pending approval by the US Food and Drug Administration (USFDA) and ANDAs that will be filed imminently. The portfolio comprised of generic injectables administered in hospitals and clinics in the US.

Rajeev Misra appointed as Head of Softbank Vision Fund

Oct 25, 2016
Important for Exam: 3 people agreed

The SoftBank Vision Fund intends to make investments in the technology sector globally. It is managed in the United Kingdom by a subsidiary of the Saudi Binladin Group (SBG). It is reportedly one of the world's largest of its kind and will be operated from London.

Cyrus Mistry ousted as Tata Sons chief; Ratan Tata returns in interim

Oct 25, 2016
Important for Exam: 0 people agreed

Mistry, 48, who replaced Tata, 78, as chairman in December 2012, was only the sixth group Chairman in nearly 15 decades and the first from outside the Tata family.

AT&T Inc agrees to buy Time Warner Inc for 85.4 billion US dollars

Oct 24, 2016
Important for Exam: 1 people agreed

AT&T agreed to pay 107.50 US dollars a share, evenly split between cash and stock. The deal is expected to close by the end of 2017.

SBI declares Silchar as its 5th zone in North East India

Oct 21, 2016
Important for Exam: 3 people agreed

The 5th zone will cater to the banking needs of the people of Mizoram, Tripura and Manipur along with the Barak Valley. The other four zones are located in after Guwahati, Shillong, Dibrugarh and Jorhat.

Russia's Rosneft Oil Company acquires India’s Essar Oil for 13 billion US dollars

Oct 17, 2016
Important for Exam: 2 people agreed

Rosneft Oil Company's partners include Rosneft Oil Company, Netherlands-based commodities trader Trafigura and private investment group United Capital Partners.

Standard Chartered Bank ties-up with Uber to offer discounts

Oct 13, 2016
Important for Exam: 3 people agreed

In India, the cardholders will get a 20 percent cash-back on all Uber rides, subject to a cash—back cap of 600 rupees per month.

Rafale deal: Reliance, Dassault Aviation set up joint venture

Oct 6, 2016
Important for Exam: 0 people agreed

The “Dassault Reliance Aerospace” Joint Venture will be a key player in the execution of offset obligations, as a part of the 36 Rafale fighter Jets purchase agreement at a value of  about 59000 crore rupees signed between France and India on 23 September 2016.

Oil India Limited signs MoU with University of Houston

Oct 6, 2016
Important for Exam: 3 people agreed

The MoU was signed by OIL with an intent of augmenting its reserves base and maximising recovery from its aging oilfields.

Ashish Vohra appointed as CEO of Reliance Nippon Life Insurance Ltd

Oct 4, 2016
Important for Exam: 3 people agreed

The position of CEO of the company was lying vacant after Anup Rau left the company in June 2016.

SBI becomes first domestic bank to open branch in Yangon

Oct 4, 2016
Important for Exam: 2 people agreed

The Yangon branch is the 54th foreign branch of the SBI, nation's largest lender. This branch extends the global presence of SBI in 37 countries through 198 offices.

Ambati Venu appointed as Managing Director of Abbott India Ltd

Oct 1, 2016
Important for Exam: 0 people agreed

Venu was appointed for a five-year term and will report to Bhasker Iyer, Vice President with Abbott’s Established Pharmaceuticals Division.

Myntra appoints Dipanjan Basu as Chief Financial Officer

Sep 30, 2016
Important for Exam: 1 people agreed

Previously, Dipanjan Basu served as the Chief Finance & Operating Officer for Wipro’s Digital & Consulting Business where he was responsible in building and setting up new businesses, M&A and investments in startups.

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