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Corporate

SEBI cancelled Certificate of Registration of Sahara Mutual Fund

Published on: 30-JUL-2015
Important for Exam: 3 people agreed

Sahara has been asked to make efforts to transfer its activities to a new Sponsor and a SEBI approved Asset Management Company at the earliest.

CCI imposed a penalty of 420 crore rupees on Hyundai

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

Hyundai is one the three car companies, the other two being Reva and Premier, which were found to be guilty of involving in anti-competitive practices in contravention of the Competition Act, 2002.

Bharti Realty tied-up with Eros Group to develop housing project

Published on: 28-JUL-2015
Important for Exam: 11 people agreed

The Bharti Group has presence in telecom, agri-business, financial services, retail and real estate among others.

Rajesh Exports acquired Switzerland-based world’s largest gold refinery Valcambi

Published on: 28-JUL-2015
Important for Exam: 4 people agreed

It acquired European Gold Refineries, the 100 per cent holding company of Valcambi through its fully-owned subsidiary in Singapore in all cash deal of 400 million US dollars

CSC and HCL formed Joint Venture to provide technology services solutions to banks

Published on: 28-JUL-2015
Important for Exam: 8 people agreed

The joint venture will invest in platform modernization and product functionality enhancement and will capitalize on the proven capabilities of both companies.

Delhi HC allowed Red FM to participate in Stage-III of FM auctions

Published on: 27-JUL-2015
Important for Exam: 2 people agreed

The court also quashed the Union Government’s decision of 15 July 2015 wherein Red FM was denied security clearance due to its association with Sun TV promoted by Kalanithi Maran.

EU banned marketing of around 700 generic medicines of GVK Biosciences

Published on: 27-JUL-2015
Important for Exam: 10 people agreed

This is the largest suspension imposed on the sales and distribution of generic drugs and it will come into effect from 21 August 2015.

Reliance Group, Augur Overseas Operation signed MoU to manufacture Aerostats and Airships

Published on: 24-JUL-2015
Important for Exam: 10 people agreed

As per the MoU, both the parties will collaborate on new technologies for the civil and military market as part of the Make in India initiative of Union Government.

Forbes Asia's Fabulous 50 List of the year 2015 released

Published on: 24-JUL-2015
Important for Exam: 23 people agreed

The companies from China dominate this year’s list that depicts the region’s best big publicly traded companies.

Lupin acquired US generics company GAVIS Pharmaceuticals LLC

Published on: 24-JUL-2015
Important for Exam: 5 people agreed

The deal is cash-free and debt-free and it will be funded by a bridge loan, with 10 crore rupees from existing cash reserves deployed for it.

Union I&B Ministry approved ENIL proposal to purchase TV Today Network’s Oye FM

Published on: 23-JUL-2015
Important for Exam: 9 people agreed

The purchase will be subjected to the fulfilment of conditions specified by I&B Ministry that is execution of relevant documents with TVTN and completion of all other relevant formalities.

61st edition of Fortune 500 list released; 7 Indian companies in the list

Published on: 23-JUL-2015
Important for Exam: 24 people agreed

The list has been topped by retail giant Walmart and is followed by petroleum refining giants Exxon Mobil and Chevron at 2nd and 3rd place.

Glenmark launched affordable Type 2 diabetes drug Teneligliptin

Published on: 23-JUL-2015
Important for Exam: 5 people agreed

Teneligliptin introduced under the brand names Ziten and Zita Plus is effective in suppressing glucagon release and increasing insulin to subsequently lower blood glucose levels.

Ananth Narayanan appointed as Chief Executive Officer of Myntra

Published on: 22-JUL-2015
Important for Exam: 9 people agreed

With the appointment of Narayanan, Bansal will assume the role of Chairman of Board of Myntra and will contribute to Myntra's vision, strategy and overall direction.

CCI approved deal involving Aegon Religare Life Insurance Joint Venture

Published on: 18-JUL-2015
Important for Exam: 4 people agreed

Under the transaction, Religare Enterprises will sell its entire holding in the life insurance joint venture.

FlipKart appointed Eric Lange as Vice President of Product Management

Published on: 17-JUL-2015
Important for Exam: 4 people agreed

Lange is a Silicon Valley veteran and earlier worked with Yahoo and search engine major Google.

India-based Comparex India Pvt Ltd won Microsoft Country Partner of the Year Award 2015

Published on: 15-JUL-2015
Important for Exam: 8 people agreed

The company was awarded along with 110 awardees by Microsoft at its Worldwide Partner Conference 2015.

4 Indians figured in Asia 21 Young Leaders Class of 2015 list

Published on: 14-JUL-2015
Important for Exam: 11 people agreed

They will be part of the Asia 21 Network where they will find mentors, potential collaborators, who are devoted to find solutions to most vexing socio-economic problems in the Asia-Pacific region.

Union Government appointed lawyer Rodrigo Oreamuno to arbitrate Vodafone tax case

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

Vodafone already named Yves Fortier of Canada as its nominee on the panel.

Tata Steel’s West Bokaro Division conferred with Golden Peacock Environment Management Award 2015

Published on: 13-JUL-2015
Important for Exam: 16 people agreed

Tata Steel won the coveted award for its responsible environmental practices and resource management while upgrading the skills of employees through training as new technologies evolve.

Infosys signed Multi-Million Euro Deal with Deutsche Bank

Published on: 10-JUL-2015
Important for Exam: 17 people agreed

As per this agreement, Infosys will provide services like application maintenance, package implementation and testing services across the Deutsche Bank Group.

Kolkata-based Bandhan Bank appointed its Chairman, Boards of Directors

Published on: 10-JUL-2015
Important for Exam: 10 people agreed

Ashok Kumar Lahiri, former Chief Economic Adviser to the Union Government, was appointed as the Chairman of the bank.

Rahul Bhatnagar appointed as MD and CFO of Bharti Enterprises

Published on: 09-JUL-2015
Important for Exam: 8 people agreed

Bhatnagar succeeded Manoj Kohli, who has assumed the role of Executive Chairman of SBG Cleantech, a Joint Venture between SoftBank, Bharti and Foxconn for renewable energy.

HDFC Bank launched watch banking application for Apple Watch

Published on: 08-JUL-2015
Important for Exam: 16 people agreed

HDFC became the first bank in India to offer the service of Watch Banking application.

Corporation Bank launched first MUDRA card under Pradhan Mantri MUDRA Yojana

Published on: 06-JUL-2015
Important for Exam: 31 people agreed

The card is based on the RuPay platform and facilitates the withdrawal and use of the working capital finance by micro entrepreneurs.

Mahindra Defence tied-up with Airbus Helicopters to form a Joint Venture

Published on: 04-JUL-2015
Important for Exam: 9 people agreed

This Joint Venture will act as the prime contractor for India’s military helicopter tenders including the Reconnaissance and Surveillance Helicopter.

SBI launched Project Tatkal

Published on: 04-JUL-2015
Important for Exam: 29 people agreed

The project will help home loan applicants to get the loan within 10 days after receipt of application form and relevant supporting documents.

MobiKwik tied up with stationary retailer WHSmith India

Published on: 03-JUL-2015
Important for Exam: 11 people agreed

With this tie-up, WHSmith India stores will also serve as MobiKwik Nodes where users can load money on their MobiKwik wallet.

Chandrasekaran Ramakrishnan appointed as CFO of Tata Motors' Group

Published on: 02-JUL-2015
Important for Exam: 6 people agreed

With this, he will continue as Chief Financial Officer and Key Managerial Personnel for Tata Motors Limited.

Rahul Yadav sacked as CEO of Housing.com

Published on: 02-JUL-2015
Important for Exam: 5 people agreed

Housing.com was founded by a group of IIT-ian including Rahul Yadav in 2012 and at present it has more than 2551 employees in over 100 cities across India.

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