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Corporate

Pathai Ananthasubramanian Murali resigned as CFO & ED of United Spirits Limited

Published on: 24-APR-2015
Important for Exam: 15 people agreed

He joined the UB Group in 1993 as senior manager (finance) in Mumbai and was later transferred to Bangalore.

KPMG elected Lynne Doughtie as first women CEO and Chairman

Published on: 23-APR-2015
Important for Exam: 18 people agreed

She was elected by KPMG partners for a five-year term which will start in July 2015.

ICICI Bank launched payment service Tap-n-Pay

Published on: 23-APR-2015
Important for Exam: 53 people agreed

This payment service is based on the near-field communications (NFC) technology which will enable its customers to make over-the-counter payments without using cash.

MakeMyTrip acquired travel startup Mygola

Published on: 22-APR-2015
Important for Exam: 14 people agreed

The company has raised capital from Helion Ventures, Blumberg Capital and 500Startups, among other angel investors.

Lupin launched hepatic encephalopathy drug Zaxine in Canada

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

The agreement to launch Zaxine drug was signed in September 2014.

Carzonrent India acquired car-pooling startup firm Ridingo

Published on: 20-APR-2015
Important for Exam: 10 people agreed

The acquisition is part of the strategy of company to build leadership into evolving sharing economy.

BHEL commissioned 600 MW thermal unit of OP Jindal Thermal Power Project

Published on: 16-APR-2015
Important for Exam: 40 people agreed

In last three months, BHEL has added three units of 600 MW aggregating to 1800 MW capacity in Chhattisgarh.

BHEL and Russian firm INTMA inked MoU to set power plant in Kazakhstan

Published on: 16-APR-2015
Important for Exam: 31 people agreed

The MoU aims to set forth a path to combine the BHEL's competence in design and manufacturing of power plants and INTMA's strength in handling EPC contracts so as to bid and execute projects of mutual interest in Russia and Kazakhstan.

Temasek acquired InnoVen Capital India for 300 crore rupees

Published on: 15-APR-2015
Important for Exam: 10 people agreed

With this acquisition, Temasek announced its entry into the venture debt segment.

Royal Dutch Shell Plc acquired BG Group for about 70 billion US dollar

Published on: 13-APR-2015
Important for Exam: 12 people agreed

The deal would vault Shell far ahead of rivals like Exxon Mobil Corp and Chevron Corp. in the race to build market share for Liquefied Natural Gas (LNG).

Godrej Nature’s Basket joined hands with Amazon for selling its products

Published on: 13-APR-2015
Important for Exam: 11 people agreed

The company has listed a wide range of products on Amazon's platform in the first phase and the range will increase exponentially in the coming months.

Snapdeal acquired mobile recharge service FreeCharge

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

As per the deal, Freecharge will continue to work as an independent platform and will offer many more digital goods in future. Also, most of Freecharge’s institutional investor would get Snapdeal stock.

Rajasthan and Vedanta Group signed a MoU to improve 3056 Anganwadi Centres in five districts

Published on: 09-APR-2015
Important for Exam: 6 people agreed

The anganwadi centres of five districts are Udaipur, Chittorgarh, Bhilwara, Rajsamand and Ajmer will be improved in five years under the Integrated Child Development Services (ICDS).

Dena Bank inked MoU with Life Insurance Corporation

Published on: 07-APR-2015
Important for Exam: 29 people agreed

The insurance cover will be provided under the Prime Minister’s Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJBY) scheme. The scheme will come into effect from 1 June 2015.

CII and European Bank for Reconstruction and Development (EBRD) signed MoU to deepen partnership

Published on: 07-APR-2015
Important for Exam: 5 people agreed

The MoU will help Indian companies to expand their business in those countries where the bank has operations.

DGCEI slapped 570 crore rupees excise duty fine against Cadbury India Limited

Published on: 06-APR-2015
Important for Exam: 33 people agreed

The fine was slapped for allegedly evading excise duty by fraudulently taking exemption for one of its unopened production units in Himachal Pradesh.

Google signed strategic partnership with PricewaterhouseCoopers to target Digital India projects

Published on: 06-APR-2015
Important for Exam: 21 people agreed

With the Indian partnership, Google wants to push itself into large e-governance projects and improve the sales for its cloud services in India.

Snapdeal acquired RupeePower to launch financial service

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

Snapdeal will now offer consumers a financial services marketplace, a first of its kind initiative in the e-commerce industry.

Bharti AXA General Insurance launched Smart Traveller

Published on: 04-APR-2015
Important for Exam: 20 people agreed

The SmartTraveller Insurance policy offers a choice of two major plans catering to Individuals and Families and frequent travelers through a variant known as Annual Multi Trip International travel insurance plan.

Satishchandra Doreswamy resigned as Chief Business Officer of Wipro

Published on: 02-APR-2015
Important for Exam: 10 people agreed

As a CBO at Wipro, he had responsibilities for Business Operations Group, Delivery Leadership and Global Transformation charter.

Vijay L Kelkar resigned from Tata Chemicals Board

Published on: 02-APR-2015
Important for Exam: 17 people agreed

Vijay L. Kelkar is an Indian economist and academician who served as the Chairman of the Thirteenth Finance Commission constituted by the President of India. He also served as Advisor to the Union Ministry of Finance (2002–2004)

Alibaba signed digital distribution deal with German music rights group BMG

Published on: 01-APR-2015
Important for Exam: 19 people agreed

The deal will bring more than 2.5 million copyrights to Alibaba, whose music platforms already had many of the songs from artists including Kylie Minogue, the Rolling Stones and Jean-Michael Jarre.

RBI approved the amalgamation of ING Vysya Bank with Kotak Mahindra Bank

Published on: 01-APR-2015
Important for Exam: 67 people agreed

With this approval of RBI, Kotak will come up as the country’s fourth largest private sector lender.

IBM announced to invest 3 billion US dollars to build an Internet of Things (IoT) unit

Published on: 01-APR-2015
Important for Exam: 17 people agreed

The unit will build industry-specific data services and developer tools and offer them over Cloud-based open platform to its enterprise customers. These services will help its clients to make business decisions in a better way.

Australia's IAG to raise stake in SBI General Insurance to 49 percent

Published on: 31-MAR-2015
Important for Exam: 40 people agreed

IAG decided to increase its stake in SBIGI in the backdrop of the Insurance Laws (Amendment) Bill, 2015 that seeks to increase foreign investment limit in local insurers to 49 percent from 26 percent.

Katsushi Inoue appointed as President and CEO of Honda Cars India

Published on: 30-MAR-2015
Important for Exam: 11 people agreed

Currently, he is working as General Manager in Marketing Planning office in Japan. He has been associated with Honda Motor Co for over 29 years.

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

Published on: 27-MAR-2015
Important for Exam: 7 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: 6 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: 31 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: 7 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.

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