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Corporate

Snapdeal acquired Hyderabad-based startup MartMobi

Published on: 26-MAY-2015
Important for Exam: 2 people agreed

This acquisition will help Snapdeal to strengthen its mobility platform for merchant partners.

ICICI Bank launched Voice Recognition Service for Biometric Authentication

Published on: 26-MAY-2015
Important for Exam: 3 people agreed

ICICI became the first bank in India to offer Voice Recognition Service. The service will be available to over 33 million customers of its savings account and credit card.

UBS AG Bank of Switzerland agreed to pay 203 million US dollars for manipulating LIBOR

Published on: 25-MAY-2015
Important for Exam: 2 people agreed

The bank took this decision after the Justice Department tore up a nonprosecution agreement reached between them in 2012.

A Vellayan stepped aside as Chairman of Murugappa Group Corporate Board

Published on: 23-MAY-2015
Important for Exam: 2 people agreed

He took the decision because of charges of insider trading on him by the Securities and Exchange Board of India (SEBI).

Huawei launched LiteOS, world’s most lightweight IoT operating system (OS)

Published on: 23-MAY-2015
Important for Exam: 2 people agreed

It is the world’s most lightweight IoT OS with a size of 10KB.

SAIL and ArcelorMittal signed MoU to set up Automotive Steel Plant in India

Published on: 23-MAY-2015
Important for Exam: 8 people agreed

The proposed plant will help to meet growing demands of the Indian automotive sector.

Mamata Banerjee inaugurated the new headquarter of Coal India Ltd at Rajarhat in West Bengal

Published on: 21-MAY-2015
Important for Exam: 2 people agreed

The new building came up at a sprawling 27000 Sq. Ft. area and it was built by the National Building Corporation (NBCC)

UP FDA asked Nestle to withdraw 2014 batch of Maggi

Published on: 21-MAY-2015
Important for Exam: 2 people agreed

UP FDA during its routine tests found that the noodles contained high lead content of 17.2 parts per million (ppm), which is nearly seven times more that the permissible limit, which is between 0.01 ppm and 2.5 ppm.

HDFC Bank launched HDFC Bank Apollo Medical Benefits Card

Published on: 20-MAY-2015
Important for Exam: 7 people agreed

This is the first-of-its kind product in the country. The corporates can load the specified allowance onto the card every month which can be used by employees for medical expenditure at pan-India VISA/MasterCard outlets.

GMR Infra signed MoU with GIIC for developing Kakinada SEZ

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

The MoU was signed by Challa Prasanna, President of Kakinada SEZ (KSEZ) Pvt Ltd.

Infosys announced to become carbon neutral by 2018

Published on: 19-MAY-2015
Important for Exam: 11 people agreed

The company announced to achieve carbon-neutrality on commuting and travel by its nearly 1.8 lakh employees and in doing so deepens its commitment to sustainability.

Infosys became the first Indian Company to Join RE100 Renewable Energy Campaign

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

Infosys joined some of the world’s most influential companies such as IKEA, Swiss Re, BT, Formula E, H&M, KPN, Mars, Nestlé, Philips, among others.

Apple Inc acquired GPS firm Coherent Navigations to improve Apple mapping capabilities

Published on: 19-MAY-2015
Important for Exam: 5 people agreed

Coherent Navigation's High Integrity GPS system is supposedly so granular that it can provide accurate location information to within a few centimeters.

Reliance Jio signed pact with Huawei for sourcing 4G devices

Published on: 19-MAY-2015
Important for Exam: 2 people agreed

As per the pact, Huawei will supply 4G devices to Reliance Jio including smartphones, tablets and mifi dongles.

PM Modi inaugurated ICICI’s first branch in China at Shanghai

Published on: 18-MAY-2015
Important for Exam: 12 people agreed

The branch was inaugurated in presence of Chanda Kochhar, MD & CEO, ICICI Bank, Senior Chinese and Indian government officials.

Askme acquired BestAtLowest.com for 10 million US dollar

Published on: 16-MAY-2015
Important for Exam: 3 people agreed

As part of the agreement, BestAtLowest.com will become part of Askme.

Islamic clothing company East Essence tied up with Snapdeal

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

The company will make its debut in June 2015 by launching an online store at e-commerce marketplace Snapdeal.

SBI launched contact-less card called sbiINTOUCH

Published on: 15-MAY-2015
Important for Exam: 26 people agreed

These cards are based upon the latest near-field technology (NFC).

Deepak Iyer appointed as MD and CEO of Bharti AXA General Insurance

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

Currently, he is working as the Managing Director-Indian subcontinent at Wrigley India, a subsidiary of the US-based Mars.

Facebook signed up with nine news publishers to launch Instant Articles

Published on: 13-MAY-2015
Important for Exam: 6 people agreed

Instant Articles will let stories load more than 10 times faster than standard mobile web articles and will include content from publishers such as the New York Times, BuzzFeed and National Geographic.

Nikesh Arora appointed as President of Japan’s SoftBank Corp.

Published on: 12-MAY-2015
Important for Exam: 7 people agreed

He was also made the Representative Director of the company and will succeed Masayoshi Son, Chairman and CEO of the Softbank Corp.

US-based company mGage acquired Unicel Technologies

Published on: 12-MAY-2015
Important for Exam: 2 people agreed

With this acquisition, mGage will gain a strong foothold in enterprise mobile marketing and mobile CRM market in India.

Arun Pudur topped Wealth-X List of Asia’s Wealthiest Entrepreneurs Under 40

Published on: 12-MAY-2015
Important for Exam: 2 people agreed

He is the owner and president of software firm Celframe and topped the list with an estimated net worth of 4 billion US dollars.

SBI launched RuPay Platinum Debit Card in association with NPCI

Published on: 08-MAY-2015
Important for Exam: 61 people agreed

The card offers benefits to its customers like 5 percent cash back on utility bill payment and up to one percent fuel surcharge waiver and complimentary airport lounge access.

Myntra.com acquired startup firm Native5 Software Solutions Pvt Ltd

Published on: 07-MAY-2015
Important for Exam: 16 people agreed

With this acquisition, founders of Native 5 will join Flipkart, parent company of Myntra.

Paytm tied-up with CCD, Domino’s for offline payment

Published on: 07-MAY-2015
Important for Exam: 6 people agreed

With this acquisition, Paytm's mobile wallet will soon be accepted at Domino’s and Cafe Coffee Day.

Rahul Yadav resigned as the CEO of Housing.com

Published on: 05-MAY-2015
Important for Exam: 10 people agreed

The company has gained in value approximating 1500 crore rupees under the directorship of Rahul Yadav.

Vedanta Limited launched new logo

Published on: 05-MAY-2015
Important for Exam: 22 people agreed

The logo was co-created by internal stakeholders across geographies and group companies.

Maharashtra FDA ordered to file a FIR against Snapdeal and its CEO Kunal Behl

Published on: 02-MAY-2015
Important for Exam: 14 people agreed

The FDA found that 45 of the displayed drugs were with objectionable claims which contravened the provisions of the Drugs and Magic Remedies (Objectionable Advertisements) Act, 1954.

Tesla Motors launched solar energy based Powerwall battery system

Published on: 02-MAY-2015
Important for Exam: 12 people agreed

The wall mount battery system can be connected to local power grid and is a smart device liquid thermal control system and software that receives dispatch commands from a solar inverter.

Telecom operators slashed roaming call rate by upto 40%, SMS by upto 75%

Published on: 01-MAY-2015
Important for Exam: 15 people agreed

This rate revision was made after Telecom Regulatory Authority of India (TRAI) on 9 April 2015 reduced maximum or ceiling rate for national roaming calls and SMSes.

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