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Corporate

Kunal Jeswani appointed as CEO of Ogilvy & Mather India

Published on: 29-JAN-2015
Important for Exam: 5 people agreed

The post of CEO of Ogilvy & Mather India was lying vacant since 2008 when the then CEO Pratap Bose resigned.

Steve Easterbrook appointed as CEO of McDonald’s Corporation

Published on: 29-JAN-2015
Important for Exam: 5 people agreed

Steve Easterbrook will succeed Don Thompson who decided to retire as President and Chief Executive Officer of McDonald's on 1 March 2015.

Apple Inc recorded the highest-ever profit of 18 billion US dollars in corporate history worldwide

Published on: 28-JAN-2015
Important for Exam: 16 people agreed

According to S&P analyst Howard Silverblatt, the profit of 18 billion US dollar was the largest profit ever made by a public company in the corporate history worldwide.

Jagannathan Chakravarthi appointed as Chief Financial Officer of Mindtree Limited

Published on: 27-JAN-2015
Important for Exam: 8 people agreed

Jagannathan Chakravarthi was on 23 January 2015 appointed as the Chief Financial Officer of Mindtree Limited with effect from 1 April 2015.

SBI signed a loan agreement for 100 million Euro with European Investment Bank

Published on: 24-JAN-2015
Important for Exam: 8 people agreed

EIB is a long-term lending institution of the European Union. The loan will be utilised for lending to private businesses in India. The agreement was signed on 19 January 2015. The agreement was facilitated by SBI Capital Markets.

Emami International FZE acquired 66.67 percent controlling stake in Fravin Pty Limited

Published on: 23-JAN-2015
Important for Exam: 7 people agreed

Emami International FZE, a subsidiary of Emami Group, on 22 January 2015 acquired 66.67 percent controlling stake in Australia-based Fravin Pty Limited.

Suzlon Energy announced to sell 100 percent stake in its German subsidiary Senvion SE

Published on: 22-JAN-2015
Important for Exam: 10 people agreed

The 100 percent stake was sold to US-based company Centerbridge Partners for 7200 crore rupees. The proceeds from sale of stake will be utilised towards debt reduction.

Apple Inc acquired British startup firm Semetric Limited

Published on: 22-JAN-2015
Important for Exam: 12 people agreed

Apple Inc on 21 January 2015 acquired United Kingdom based startup firm Semetric Ltd to add music analytics tool in its devices.

Snapdeal signed 50:50 Joint Venture with DEN to launch TV Commerce channel DEN Snapdeal TV shop

Published on: 22-JAN-2015
Important for Exam: 20 people agreed

Through this joint venture, Snapdeal aims to create a multi-nodal electronic shopping avenue for customers and it aims to take the DEN TV shop to 100 million households across India

WhatsApp unveiled a new service for sending messages from a Web browser

Published on: 22-JAN-2015
Important for Exam: 47 people agreed

The mobile messaging application WhatsApp on 21 January 2015 unveiled a new service for sending messages from a Web browser.

CII and Alibaba signed agreement to provide global platform to Indian SMEs

Published on: 21-JAN-2015
Important for Exam: 42 people agreed

Alibaba.com and CII will collaborate and develop various trade opportunities and online promotions to facilitate greater economic engagement between Indian and Chinese small and medium enterprises (SMEs).

Twitter appointed Taranjeet Singh as Head of Sales for its India operation

Published on: 19-JAN-2015
Important for Exam: 13 people agreed

As Head of Sales, his responsibilities would include increasing commercial opportunities for Twitter in India and to work closely with brands and agencies to maximise value of real-time marketing.

HDFC Bank featured among world's 50 most valuable banks in 2014

Published on: 19-JAN-2015
Important for Exam: 33 people agreed

Relbanks compiled and released the list of 66 largest banks in the world by market capitalisation as on 31 December 2014. India’s SBI, HDFC and ICICI are featured in the list.

Nissan and NASA partnered to Jointly Develop and Deploy Autonomous Drive Vehicles

Published on: 19-JAN-2015
Important for Exam: 6 people agreed

NASA and Nissan announced formation of a five-year research and development partnership to jointly develop advance autonomous vehicle systems and prepare it for commercial application of the technology.

Eicher Motors appointed Rudratej Singh as President of Royal Enfield

Published on: 19-JAN-2015
Important for Exam: 7 people agreed

Earlier, he was based in Singapore with Unilever as Vice-President — South Asia, HPC & Foods Marketing Operations.

Siddhartha Chatterjee appointed as CTO of Persistent Systems Ltd

Published on: 16-JAN-2015
Important for Exam: 4 people agreed

Siddhartha Chatterjee was on 14 January 2015 appointed as the Chief Technology Officer (CTO) of Persistent Systems Ltd with effect from 14 January 2015 itself.

Xiaomi launched its new phablet Mi Note

Published on: 16-JAN-2015
Important for Exam: 11 people agreed

Chinese smartphone maker Xiaomi on 15 January 2015 unveiled its flagship phablet Mi Note in Beijing, China.

Tarun Rai appointed as CEO of J Walter Thompson South Asia

Published on: 16-JAN-2015
Important for Exam: 2 people agreed

Tarun Rai was appointed as CEO of J Walter Thompson South Asia.

Sandip Das resigned as MD of Reliance Jio Infocomm Ltd to join Reliance Retail Ltd

Published on: 16-JAN-2015
Important for Exam: 1 people agreed

Das will mentor the Jio division of Reliance Retail in developing a long-term evolution (LTE)  device ecosystem for Reliance Jio’s growth in the telecom space.

DGFT imposed 100 crore rupees fine on Riddhi Siddhi Bullion for violation of RBI norms

Published on: 15-JAN-2015
Important for Exam: 14 people agreed

The order was issued by Kavita Gupta, additional director general of foreign trade, Mumbai. The order also cancelled its nominated agency certificate (NAC). NAC is the mandatory document needed for direct import of precious metals.

Google launched Flight Search Tool in India

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

Flight Search Tool allows you to search directly for flights within Google to quickly find, compare and book flights from your mobile device, tablet or desktop.

Zomato acquired US based food portal Urbanspoon

Published on: 13-JAN-2015
Important for Exam: 8 people agreed

Zomato announced to acquire Urbanspoon- US based food portal for an undisclosed amount in an all-cash deal.

Deepak Parekh appointed as Chairman of BAE Systems India (Services) Private Limited

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

Deepak Parekh was on 12 January 2015 appointed as a Non-Executive Director and Chairman of BAE Systems India (Services) Private Limited with effect from 1 January 2015.

Adani Enterprises & SunEdison signed JV to build solar park in Mundra

Published on: 12-JAN-2015
Important for Exam: 26 people agreed

Adani Enterprises and US-based SunEdison signed a joint venture (JV) to build the solar park at Mundra, Gujarat in India.

Tech Mahindra signed definitive agreement to acquire Swiss firm SOFGEN Holdings Limited

Published on: 12-JAN-2015
Important for Exam: 31 people agreed

The deal is aimed at boosting the financial services offering by Tech Mahindra so as reach the top line target of 5 billion US dollar by 2015.

Vistara airline started domestic flight operation in India

Published on: 09-JAN-2015
Important for Exam: 37 people agreed

Vistara airline a joint venture of Tata-SIA started its flight operation in India.

Kotak Mahindra Bank secured shareholders approval for merger with ING Vysya Bank

Published on: 09-JAN-2015
Important for Exam: 25 people agreed

Kotak Mahindra Bank secured its shareholders approval for amalgamation of ING Vysya Bank. It was announced by the Kotak Mahindra Bank.

Quikr launched instant messenger Quikr Nxt to enable seamless transactions

Published on: 08-JAN-2015
Important for Exam: 14 people agreed

The messenger will allow users to chat using the website or mobile app. The messenger has been integrated into Quikr’s mobile app, mobile site and website.

IT services firm Synechron acquired Paris-based Team Trade

Published on: 08-JAN-2015
Important for Exam: 8 people agreed

Synechron specializes in software integration and business consulting. The acquisition by the New York-Based Synechron is to expand its footprints in Europe.

Hike Messenger acquired Zip phone to launch free voice calling

Published on: 08-JAN-2015
Important for Exam: 15 people agreed

Chat application Hike messenger on 8 January 2015 acquired US-based free voice-calling company Zip Phone to launch free voice calling. However, the details of acquisition were not disclosed.

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