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Reliance Cement becomes subsidiary of Birla Corporation Limited

Published on: 24-AUG-2016
Important for Exam: 1 people agreed

Reliance Cement Company Private Limited (RCCPL) was acquired by the Birla Corporation Limited for 4800 crore rupees.  RCCPL is a subsidiary of the Reliance Infrastructure Ltd (RInfra).

Unilever Plc acquires Swedish firm Blueair

Published on: 17-AUG-2016
Important for Exam: 1 people agreed

However, Blueair will continue to operate under its existing brand name in all its markets in Sweden, China, the U.S., Japan, South Korea and India.

Hindustan Copper Limited inaugurated nickel production facility in Ghatsila

Published on: 16-AUG-2016
Important for Exam: 2 people agreed

This is the first facility in India to produce Nickel metal of LME grade from primary resource. Currently, Copper is recovered from bleed electrolyte as liberator cathode having only 50-90 percent Copper content, and liberator sludge with 50-60 percent Copper content.

UBI launched USSD based *99# Mobile Application for basic banking needs

Published on: 16-AUG-2016
Important for Exam: 2 people agreed

It was launched in partnership with National Payments Corporation of India (NPCI), the umbrella organisation for all retail payments system in the country.

Microsoft appoints Sriram Rajamani as MD of India Research Lab

Published on: 12-AUG-2016
Important for Exam: 2 people agreed

Microsoft Research Lab India was founded in January 2005. It is located in Bangalore. The lab conducts long-term basic and applied research in different areas, such as cryptography, security, and algorithms etc.

Rajeev Krishnan appointed as Managing Director of Max Hypermarkets India

Published on: 10-AUG-2016
Important for Exam: 0 people agreed

As managing director, Krishnan will guide and direct the strategy and execution of the Hypermarket & Supermarket business of the SPAR brand in India, and will report to the board of Max Hypermarket, a franchisee of SPAR India.

Pawan Munjal reappointed CMD and CEO of Hero MotoCorp

Published on: 10-AUG-2016
Important for Exam: 0 people agreed

On the other hand, Hero MotoCorp appointed Vikram Kasbekar - Head of Operations & Supply Chain - to the Board of Directors of the company.

Former RBI Deputy Governor Anand Sinha appointed to the IDFC Bank board

Published on: 09-AUG-2016
Important for Exam: 1 people agreed

Sinha will join Bank as an Additional Director in the category of Independent Director on the board with effect from 1 August 2016.

Manish Tandon appointed as CEO of CSS Corp.

Published on: 08-AUG-2016
Important for Exam: 1 people agreed

He will be inducted as a whole time Director of the board and as CEO. He will succeed TG Ramesh, the current CEO who now moves onto the role of a strategic advisor role as a non-executive director on the board.

Vinod Rai steps down from IDFC Bank’s board

Published on: 05-AUG-2016
Important for Exam: 0 people agreed

Rai was on IDFC Bank board since its inception in October 2015. He was appointed as the Chairman of Bank Board Bureau on 28 February 2016.

Nimesh Kampani resigns as Managing Director of JM Financial Ltd

Published on: 04-AUG-2016
Important for Exam: 0 people agreed

However, Kampani will continue to be the Non-Executive Chairman of the group and a director on the board of a few group companies at JM Financial. He will be succeeded by his son Vishal Kampani.

Anant Maheshwari named as President of Microsoft India

Published on: 02-AUG-2016
Important for Exam: 5 people agreed

Maheshwari will succeed Bhaskar Pramanik, who retires in March 2017. Maheshwari, who will join Microsoft India on 1 September 2016, will take over operations of the company on 1 January 2017.

Deepak Iyer appointed as Managing Director of Mondelez India

Published on: 02-AUG-2016
Important for Exam: 1 people agreed

Iyer, as Managing Director of Mondelez India Foods, will be part of the Asia Pacific Leadership Team and report into Maurizio Brusadelli, President of Asia Pacific, Mondelez International.

Flipkart acquires online fashion portal Jabong

Published on: 26-JUL-2016
Important for Exam: 4 people agreed

Global Fashion Group has been on the lookout for a buyer of Jabong for the last few months. The company was in touch with Snapdeal as well as Future Group and Amazon, but a deal failed to pass through.

Tetsuya Takano resigns as Chairman of Ricoh India Ltd

Published on: 26-JUL-2016
Important for Exam: 0 people agreed

Takano's resignation came following the disclosure of Ricoh India that found its accounts falsified and estimated to incur a loss of 1123 crore rupees for the fiscal year that ended 31 March 2016.

Sanjiv Puri appointed as Chief Operating Officer of ITC Ltd

Published on: 26-JUL-2016
Important for Exam: 0 people agreed

With this appointment, Puri has emerged the front-runner to succeed ITC Chairman YC Deveshwar, who will step down as Executive Chairman of ITC in February 2017.

Coca-Cola appoints Sarvita Sethi as VP (Finance) for India and South West Asia

Published on: 20-JUL-2016
Important for Exam: 0 people agreed

Sethi took the charge from Sanjeev Kumar, who is moving to Lagos as Director-Finance for Coca-Cola West Africa. He will also be heading company’s finance operations for 31 countries.

Softbank to acquire ARM Holdings for $32 billion

Published on: 19-JUL-2016
Important for Exam: 0 people agreed

As part of its bid to bolster its presence in the growing internet of things (IoT) sector, Softbank will pay about 22.50 US dollar per share for ARM. The deal is the first major cross-border transaction in Britain since it voted to exit the European Union in June 2016.

Dabur signs MoU with DRDO to promote cultivation of rare medicinal plants

Published on: 19-JUL-2016
Important for Exam: 0 people agreed

Dabur and DIHAR will educate farmers in the Leh-Ladakh about high altitude medicinal plant species and will also enhance the livelihood of villagers in the cold desert area by involving them in cultivation of medicinal plants.

Terrapin 3 Acquisition Corporation acquires Yatra Online for $218 mn

Published on: 17-JUL-2016
Important for Exam: 2 people agreed

Yatra in its statement said that it intends to be listed on the NASDAQ Stock Market under the symbol "YTRA" following completion of the transaction.

Tata Advanced Systems signs deal with Bell Helicopter

Published on: 16-JUL-2016
Important for Exam: 0 people agreed

TASL and Bell Helicopters will join to develop both commercial and government (including military) rotary wing markets in India in the light utility and reconnaissance segments.

IDFC Bank acquires micro lender Grama Vidiyal

Published on: 14-JUL-2016
Important for Exam: 2 people agreed

The acquisition of Grama Vidiyal is a first-of-its-kind transaction, where a bank has taken over a microfinance institution and made it a subsidiary.

SBI inks MoU with IIT Bombay to promote fintech start-ups

Published on: 13-JUL-2016
Important for Exam: 2 people agreed

The deal aims to help evaluate start-ups operating out of SINE, which is IIT Bombay’s technology business incubator, or those being promoted by SINE for early stage funding within SBI’s norms.

Kevin Turner resigns as Chief Operating Officer of Microsoft

Published on: 09-JUL-2016
Important for Exam: 1 people agreed

Being the COO, Turner was handling Microsoft's enormous sales operations. He had been at Microsoft for 11 years. He would now be joining Citadel Securities as Chief Executive Officer.

Zydus, Medicines Patent Pool inks agreement for Bristol-Myers Squibb's daclatasvir tablets

Published on: 08-JUL-2016
Important for Exam: 0 people agreed

Under the pact they will be manufacturing global pharma major Bristol-Myers Squibb’s daclatasvir tablets used for the treatment of Hepatitis C Virus (HCV).

Google acquires Paris-based startup Moodstocks

Published on: 08-JUL-2016
Important for Exam: 3 people agreed

Moodstocks' application programming interface (API) for developers are described as the Shazam for images. With this acquisition, Moodstocks’ API and SDK will be discontinued soon.

NASSCOM unveils India’s first Centre of Excellence on Internet of Things

Published on: 08-JUL-2016
Important for Exam: 0 people agreed

The centre is a joint initiative between the Department of Electronics and Information Technology (DeITY), Education and Research Network (ERNET) and NASSCOM.

SBI launches social media banking platform SBI Mingle

Published on: 07-JUL-2016
Important for Exam: 2 people agreed

The platform was launched by SBI Chairman Arundhati Bhattacharya, on the occasion of 61st State Bank Day that is observed on 1 July every year.

TRAI launches Myspeed App to measure real time mobile internet speed

Published on: 07-JUL-2016
Important for Exam: 3 people agreed

The idea behind the app is that customers should know about the experience of their as well as other networks in order to select the best mobile operator in their locality.

Zee Learn appoints Debshankar Mukhopadhyay as CEO

Published on: 07-JUL-2016
Important for Exam: 0 people agreed

Prior to joining Zee Learn, Debshankar Mukhopadhyay was the Head of Educational Sales, Financial Services and Insurance at Manipal Global Education Services.

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