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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: 4 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: 4 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.

Tata-Boeing joint venture establishes aerospace facility in Hyderabad

Published on: 21-JUN-2016
Important for Exam: 0 people agreed

The joint venture has been established to co-produce Boeing AH-64 Apache helicopter fuselages and other aero structures, as well as to pursue integrated systems in aerospace.

Bipin R Patel appointed as President of Gujarat Chamber of Commerce and Industry

Published on: 20-JUN-2016
Important for Exam: 2 people agreed

In another development, Shailesh Patwari was appointed as the Senior Vice-President of the chamber.

State Bank of India floats IT Innovation Start-up Fund to assist start-ups in fintech space

Published on: 18-JUN-2016
Important for Exam: 9 people agreed

The traditional banks around the world are opening up to work with fintech firms which are disrupting business models by using technology to deliver services at lower cost.

DBS Bank appoints Niraj Mittal as institutional banking head

Published on: 16-JUN-2016
Important for Exam: 6 people agreed

Prior to DBS Bank, Mittal served as Managing Director and Head of institutional banking business (North India) at The Royal Bank of Scotland NV (RBS).

BHEL commissions 195 megawatt unit at Muzaffarpur Thermal Power Plant

Published on: 15-JUN-2016
Important for Exam: 2 people agreed

It will be the second 195 MW unit to be commissioned by BHEL at the 2x195 MW Muzaffarpur Thermal Power Station Stage-II of Kanti Bijlee Utpadan Nigam Limited (KBUNL).

Gunit Chadha resigns as CEO of Deutsche Bank Asia Pacific Region

Published on: 15-JUN-2016
Important for Exam: 3 people agreed

Earlier in June 2016, the bank announced that Quintin Price, Head of its asset management business and a member of the management board is also set to quit.

Microsoft signs agreement to acquire LinkedIn for $26.2 billion

Published on: 14-JUN-2016
Important for Exam: 5 people agreed

As per the agreement, Microsoft will acquire LinkedIn for 196 dollar per share in an all-cash transaction valued at 26.2 billion dollar, inclusive of LinkedIn’s net cash.

Tata Power signed agreement to acquire Welspun Renewables

Published on: 14-JUN-2016
Important for Exam: 8 people agreed

Tata Power took the step in a bid to grow its clean energy portfolio to 2.3 gigawatts (GW).

Facebook India appoints Umang Bedi as Managing Director

Published on: 08-JUN-2016
Important for Exam: 1 people agreed

Prior to joining Facebook, Umang Bedi worked as Managing Director for South Asia at Adobe Inc.

Kulmeet Bawa appointed Adobe MD for South Asia

Published on: 07-JUN-2016
Important for Exam: 1 people agreed

Bawa will report to Paul Robson, President of Adobe Asia Pacific. Bawa will lead Adobe's customer-facing engagements in India.

Ashok Ganapathy appointed as Director of Airtel Business

Published on: 07-JUN-2016
Important for Exam: 4 people agreed

Ganapathy succeeds Manish Prakash as Director (Airtel Business). Prakash has been appointed as Director (strategic alliances).

Strides Shasun receives tentative nod from USFDA for HIV drug Efavirenz

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

The final approval will be received after patent expiry in August 2018. The company will manufacture the product at its oral dosage facility in Bengaluru.

Google wins Java copyright case versus Oracle

Published on: 27-MAY-2016
Important for Exam: 6 people agreed

The jury of eight women and two men took three days to declare its verdict. The jury found that Android does not infringe Oracle-owned copyrights because its re-implementation of 37 Java APIs is protected by fair use.

Ola signs MoU with Union Government to benefit Safai Karamcharis

Published on: 19-MAY-2016
Important for Exam: 5 people agreed

The MoU aims to focus on building a sustainable framework by supporting entrepreneurship, skill development training and self-defence courses for Safai Karamcharis and Scavengers.

Five Indian car models fail crash tests conducted by NCAP

Published on: 19-MAY-2016
Important for Exam: 5 people agreed

The cars that failed the crash tests are the Renault Kwid, Maruti Suzuki’s Celerio and Eeco, Mahindra Scorpio and Hyundai Eon.

Nokia, HMD signs 10-year licensing deal to market Nokia-branded phones and tablets

Published on: 19-MAY-2016
Important for Exam: 2 people agreed

As part of this brand-licensing deal, Nokia will receive royalty payments from HMD for sales of Nokia-branded mobile products, covering both brand and intellectual property rights.

Barco appoints Rajiv Bhalla as Managing Director for India

Published on: 19-MAY-2016
Important for Exam: 1 people agreed

Rajiv will also be the legal representative of Barco India, fulfilling all legal, regulatory and statutory obligations.

Apple opens Development Office in Hyderabad

Published on: 19-MAY-2016
Important for Exam: 2 people agreed

The new facility will focus on development of Maps for Apple products, including iPhone, iPad, Mac and Apple Watch.

Apple announces iOS App Design and Development Accelerator in Bengaluru

Published on: 19-MAY-2016
Important for Exam: 0 people agreed

The new initiative is aimed at supporting engineering talent and accelerating growth in India’s iOS developer community.

HDFC Bank launches SmartUp for start-ups

Published on: 18-MAY-2016
Important for Exam: 3 people agreed

The SmartUp is tailored to meet all the requirements of a start-up, offering banking and payment solutions, along with advisory and forex services.

Tips to prepare for current affairs and general awareness questions

Published on: 17-MAY-2016
Important for Exam: 87 people agreed

Aspirants should make it a habit of reading newspaper on a daily basis as it will keep them updated about the trending topics happening across the globe.

Uday Kotak, only Indian in Forbes Most Powerful People in the Financial World list

Published on: 12-MAY-2016
Important for Exam: 19 people agreed

The list has been topped by Stephen Schwarzman of Blackstone Group followed by David Tepper of Appaloosa Management and Jamie Dimon of JP Morgan Chase & Co.

Indian Patent Office approves patent for Gilead's hepatitis C drug Solvadi

Published on: 11-MAY-2016
Important for Exam: 5 people agreed

The drug, which has a list price of 1000 US dollar a pill in the United States, was rejected for a patent by the Indian patent authority in January 2015.

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