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Corporate

Zomato acquired Cibando, the restaurant search service of Italy

Published on: 20-DEC-2014
Important for Exam: 1 people agreed

The acquisition is expected to be completed till the end of December 2014. The new combined entity will grow to 30-40 people in the next three months and over time the Italy operation is expected to grow to 150-200 people.

SoftBank Corp announced its third investment of 570 crore rupees in Housing.com

Published on: 19-DEC-2014
Important for Exam: 4 people agreed

SoftBank will acquire around 30% stake in the property portal for 470 crore rupees. With this, the value of Housing.com increased to 1550 crore rupees.

Helios Travel launched Magic Cabs in Bengaluru

Published on: 19-DEC-2014
Important for Exam: 6 people agreed

Magic Cabs service has its own fleet of taxis and can be accessed through a combination of voice calls, online reservations and mobile application. The service will initially be available on Android phones.

HTC Global Services acquired CareTech Solutions Inc

Published on: 19-DEC-2014
Important for Exam: 4 people agreed

IT services company HTC Global Services on 19 December 2014 acquired a US based firm CareTech Solutions Inc.

Empays Instant Money Transfer service received RBI nod

Published on: 18-DEC-2014
Important for Exam: 17 people agreed

RBI authorised IMT-instant money transfer service of Empays under the Payments and Settlements Act 2007.

Jagran Prakashan Limited to acquire Radio City in all cash deal

Published on: 17-DEC-2014
Important for Exam: 10 people agreed

Jagran Prakashan Limited (JPL) on 16 December 2014 announced to acquire Music Broadcast Private Ltd (MBPL) in all cash deal. MBPL operates the popular Radio City FM station. The amount of the deal was not disclosed.

Microsoft launched first phase of Skype Translator preview program

Published on: 17-DEC-2014
Important for Exam: 15 people agreed

Under this programme, Microsoft launched a Spanish-English test program using its Skype messaging service. The programme is based on the vision of the universal translator.
The program had its first trial with school children in Mexico City and their counterparts at a school in Tacoma, Washington.

Historic Geeta Press announced lockout for indefinite period

Published on: 17-DEC-2014
Important for Exam: 8 people agreed

The historic Geeta Press on 16 December 2014 announced its lockout for an indefinite period after talks between its management and employees over wage issues failed.

Google released the Year in Search Report 2014

Published on: 17-DEC-2014
Important for Exam: 18 people agreed

Google on 15 December 2014 released its annual Year in Search (YIS) Report 2014 revealing the search habits of Google users worldwide over the last 12 months.

Indian-origin Shriti Vadera appointed as the Chairman of Santander UK Bank

Published on: 17-DEC-2014
Important for Exam: 10 people agreed

Indian-origin Shriti Vadera was on 12 December 2014 appointed as the Chairman of Santander UK, a major British bank. She will be the first woman to head a major British Bank.

HDFC Bank launched mobile banking facility Bank Aap Ki Muththi Mein

Published on: 16-DEC-2014
Important for Exam: 41 people agreed

An initiative which turns a mobile phone into a bank branch.

Bharti Airtel sold over 1100 mobile towers in Zambia, Rwanda to IHS

Published on: 16-DEC-2014
Important for Exam: 9 people agreed

This is fourth such deal since July 2014 in the African market.

Hinduja Group acquired iconic Old War Office Building of Winston Churchill

Published on: 16-DEC-2014
Important for Exam: 6 people agreed

Hinduja Brothers in partnership with a Spanish OHLD acquired the iconic old war office building of Winston Churchill on lease of 250 years.

Co-optex launched its e-Commerce Portal

Published on: 16-DEC-2014
Important for Exam: 14 people agreed

The Tamil Nadu Handloom Weavers Cooperative Society (Co-optex) on 15 December 2014 launched its online shopping portal offering a range of silk and cotton sarees.

Carnival Cinemas Limited acquired Media Works Limited for 710 crore rupees

Published on: 16-DEC-2014
Important for Exam: 8 people agreed

As per the deal, Carnival agreed to acquire 100% stake in multiplex operator Big Cinemas.

ICICI Bank launched India’s first transparent credit card in association with American Express

Published on: 13-DEC-2014
Important for Exam: 66 people agreed

ICCI Bank launched India’s first credit card with a unique transparent design and a distinctive look.

RIL named former UK judge as its arbitrator in gas dispute

Published on: 12-DEC-2014
Important for Exam: 9 people agreed

RIL suggested his name after former Chief Justice of India S P Bharucha quit the case in the first week of December 2014.

Tata Power acquired 540 MW thermal power plant for 3000 crore rupees

Published on: 12-DEC-2014
Important for Exam: 18 people agreed

The thermal plant was acquired from the promoters of IRB Infrastructure.

Snapdeal acquired Gift Recommendation Platform Wishpicker

Published on: 12-DEC-2014
Important for Exam: 10 people agreed

This is the company's first acquisition after Japanese telecom and internet giant SoftBank invested 627 million US dollar in the homegrown online marketplace in October 2014.

Essar Group and Rosneft of Russia signed agreement worth 10 billion US dollars

Published on: 12-DEC-2014
Important for Exam: 12 people agreed

Essar Group of India and Rosneft, crude oil producer of Russia signed a 10 billion US dollars contract to import crude oil over ten years from Russia.

Delhi HC banned Xiaomi to sell phones in India over patent issue with Ericcson

Published on: 12-DEC-2014
Important for Exam: 22 people agreed

In its judgement, the HC granted an ex parte injunction order against the Xiaomi for infringement of Ericsson's patents and ordered Xiaomi to not bring any new phones into India nor sell or advertise them here unless it resolves the legal issues surrounding its operations.

Federal Institute for Drugs and Medical Devices banned sale of 80 generic drugs

Published on: 11-DEC-2014
Important for Exam: 12 people agreed

German drug regulator on 10 December 2014 banned the sale of 80 generic drugs with immediate effect on the grounds that their clinical trials were insufficient.

Samsung appointed HyunChil Hong as President of Southwest Asia

Published on: 11-DEC-2014
Important for Exam: 11 people agreed

He will take the charge with immediate effect

RIL announced to sell 49 percent stake in Textile Business to Chinese firm Shandong Ruyi

Published on: 11-DEC-2014
Important for Exam: 12 people agreed

RIL operates its existing textile business under the brand Vimal.

Delhi government banned Uber taxi services

Published on: 10-DEC-2014
Important for Exam: 6 people agreed

Delhi Government banned the US-based cab firm Uber taxi services after its driver raped a 27-year-old MNC executive.

HCL Infosystems MD & CEO Harshavardhan Madhav Chitale resigned

Published on: 10-DEC-2014
Important for Exam: 1 people agreed

He will remain with the company till 31st December 2014.

BHEL commissioned Nyaborongo Hydro Power Plant in Rwanda

Published on: 10-DEC-2014
Important for Exam: 14 people agreed

Bharat Heavy Electricals Limited on 8 December 2014 successfully commissioned a 28 MW Nyaborongo Hydro Electric Project in Rwanda on turnkey basis.

Warren buffet became second richest person of World

Published on: 08-DEC-2014
Important for Exam: 62 people agreed

Warren buffet became second richest person in the World. He replaced Carlos Slim, business magnate of Mexico.

Samsung Electronics appointed Pranav Mistry as Global Vice President

Published on: 08-DEC-2014
Important for Exam: 14 people agreed

He is currently working as the Vice-President of Samsung’s U.S. research unit in the Silicon Valley and heads the Think Tank team of Samsung.

Boeing 787 aircraft completed the world's first flight using Aviation Biofuel

Published on: 08-DEC-2014
Important for Exam: 18 people agreed

A Boeing 787 aircraft on 3 December 2014 completed the world's first flight using green diesel as Aviation Biofuel. The airplane performed in the same manner as it does with conventional jet fuel.

Ritu Mallya appointed as Director of MCF board

Published on: 08-DEC-2014
Important for Exam: 17 people agreed

Vijay Mallya had to quit the board of MCF after State Bank of India advised the company that it will be difficult for them to lend money to MCF with a willful defaulter Mallya on the board.

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