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Flipkart acquires online fashion portal Jabong

Published on: 26-JUL-2016
Important for Exam: 3 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: 1 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: 2 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.

Aditya Birla Fashion acquires global clothing brand Forever 21

Published on: 06-JUL-2016
Important for Exam: 0 people agreed

Aditya Birla Fashion executed a business transfer agreement with Diana Retail, Franchise of Forever 21, and DLF Brands for acquisition of the business undertaking of Diana Retail under the Forever 21 brand.

1mg Technologies acquires diagnostic labs aggregator Medd

Published on: 06-JUL-2016
Important for Exam: 0 people agreed

1mg Technologies operates an online marketplace for medicines and facilitates medical appointments and diagnostic test bookings. It claims to have over 6 million app downloads and 80 million annual visits on its platform.

Hero MotoCorp inked 3-year wage agreement with Gurgaon workers

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

The three-year agreement will be implemented with retrospective effect starting from 1 August 2015 till 31 July 2018.

Suzuki Motors appoints Toshihiro Suzuki as CEO

Published on: 30-JUN-2016
Important for Exam: 1 people agreed

The appointment of Toshihiro Suzuki came after Osamu Suzuki announced that he will decline the CEO position to take responsibility for the automaker's use of incorrect testing methods when calculating vehicle mileage.

Nestle named Ukf Mark Schneider as CEO

Published on: 28-JUN-2016
Important for Exam: 1 people agreed

50-year old Schneider will be the first outsider to run 150-year old Nestlé since 1922, when banker Louis Dapples was appointed to head the company after its only financial loss.

Nokia appoints Sanjay Malik as India Head

Published on: 27-JUN-2016
Important for Exam: 4 people agreed

Malik will take over from Sandeep Girotra, who has been heading Indian market since 2011.

Tech Mahindra Ltd acquires UK-based BIO Agency Ltd

Published on: 23-JUN-2016
Important for Exam: 4 people agreed

The acquisition was carried out in an all-cash deal for an enterprise value of up to 45 million pounds.

Aveek Sarkar resigns as Chief Editor of ABP Group of Publications

Published on: 23-JUN-2016
Important for Exam: 5 people agreed

However, he would continue as the chairman of the group. He is succeeded by Arup Sarkar.

PayPal appoints Anupam Pahuja as India Country Manager and MD

Published on: 23-JUN-2016
Important for Exam: 5 people agreed

Prior to joining PayPal, Pahuja worked as the India MD for SumTotal Systems.

SoftBank Group names Ken Miyauchi as President and COO

Published on: 23-JUN-2016
Important for Exam: 2 people agreed

The appointment came after Nikesh Arora had abruptly resigned from his position on 21 June 2016.

Nikesh Arora resigns as President and COO of SoftBank Group

Published on: 22-JUN-2016
Important for Exam: 6 people agreed

However, Arora will assume an Advisory Role effective 1 July 2016.

HAL unveils indigenous basic trainer aircraft HTT-40

Published on: 21-JUN-2016
Important for Exam: 5 people agreed

Hindustan Turbo Trainer-40 (HTT-40) is two-seater aircraft designed and developed indigenously by the HAL.

SBI named in Hall Of Shame list of Banks funding Cluster Bomb Makers

Published on: 21-JUN-2016
Important for Exam: 8 people agreed

State Bank of India (SBI) is the only Indian entity on the list that includes global giants like JP Morgan, Barclays, Bank of America and Credit Suisse.

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