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Union Government grants BP Plc licence to set up petrol pumps in India

The company was granted a formal licence on 14 October 2016. It was granted licence to market Motor Spirit (petrol) and High Speed Diesel (diesel). With this, BP became the 10th company to enter the lucrative fuel retailing sector.

Recommended for : BP , British Petroleum , India , Petroleum

CCEA approves revision of ethanol prices for supply to Public Sector Oil Marketing Companies

The administered price of ethanol for the Programme will be 39 rupees per litre for the next sugar season from 1 December 2016 to 30 November 2017.

Recommended for : Union Cabinet , Revision of ethanol price , Ethanol , Public Sector Oil Marketing Companies ,

MS Sahoo assumes charge as Chairman of Insolvency and Bankruptcy Board of India

Sahoo was recently serving as a member of anti-trust regulator Competition Commission of India (CCI) and was earlier a member at capital markets regulator Securities and Exchange Board of India (SEBI).

Recommended for : MS Sahoo , assumes charge , Chairman , Insolvency and Bankruptcy Board of India

Union Cabinet approves creation of PDF to catalyse Indian economic presence in CLMV countries

CLMV countries namely Cambodia, Laos, Myanmar and Vietnam have a unique position in the regional value chains and offer a gateway for market access to China/EU and other markets due to various trade agreements.

Recommended for : Project Development Fund , Union Cabinet , CLMV countries , Cambodia , Laos , Myanmar , Vietnam

Unilever Plc acquires Swedish firm Blueair

However, Blueair will continue to operate under its existing brand name in all its markets in Sweden, China, the U.S., Japan, South Korea and India.

Recommended for : Unilever Plc , acquires , Swedish firm , Blueair

Understanding GST & Its Implications

GST (Goods and Services Tax) will convert the country into unified common market, replacing most indirect taxes with one tax. GST is an indirect tax levied when a consumer buys a good or service.

Recommended for : GST , Goods and Services Tax , Unified common market , indirect taxes

AAAI confers Lifetime Achievement Award 2016 on Srinivasan Swamy

At present, Srinivasan Swamy, popularly known as Sundar, is the chairman of R K Swamy Hansa, a marketing communications Group.

Recommended for : Srinivasan Swamy , Lifetime Achievement Award , Advertising Agencies Association of India , RK Swamy Hansa ,

Lok Sabha passes Benami Transactions (Prohibition) Amendment Bill, 2015

The bill provides for rrigorous imprisonment of one year up to seven years, and a fine which may extend to 25% of the fair market value of the benami property.

Recommended for : Benami Transactions Bill , Lok Sabha , benami property , Black Money

Union Government approves 1601 crore rupees for Himayat programme in J&K

Himayat is a training-cum-placement programme for unemployed youth in Jammu and Kashmir under they are provided short-term training, in a range of skills for which there is good market demand.

Recommended for : Himayat , Training-cum-placement programme , Jammu and Kashmir , Union Government

CCEA approves construction of new Dry Dock within Cochin Shipyard Limited

The project will augment the shipbuilding/ship repair capacity essentially required for tapping the market potential of building specialized and technologically advanced large vessels.

Recommended for : Dry dock Construction , Cochin Shipyard Limited , CCEA , Cabinet Committee on Economic Affairs ,

Terrapin 3 Acquisition Corporation acquires Yatra Online for $218 mn

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.

Recommended for : Yatra Online , Terrapin 3 Acquisition Corp , NASDAQ , US Stock Market

Tata Advanced Systems signs deal with Bell Helicopter

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.

Recommended for : TASL , Tata Advanced Systems , Bell Helicopters , rotary wing markets , Textron Company ,

CBDT notifies Rules for calculating Fair market value of Assets

The Fair Market Value of listed companies will be computed on the basis of a formula taking into account its market capitalisation, book value of liabilities and total number of shares.

Recommended for : CBDT , Union Government , notifies , Rules , calculating , Fair market value , assets , FMV , Income-tax Act , 1961

Nokia appoints Sanjay Malik as India Head

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

Recommended for : Nokia , Sandeep Girotra , Sanjay Malik

India, South Korea launches Korea Plus, an initiative to strengthen relations

The mandate of Korea Plus covers the entire investment spectrum including supporting Korean enterprises entering the Indian market for the first time.

Recommended for : India , South Korea , India-South Korea relations , Korea Plus , Korean Investments in India ,

BP Statistical Review of World Energy 2016 released

The review provides high-quality objective and globally consistent data on world energy markets, while the energy outlook makes projections to 2035.

Recommended for : BP Statistical Review of World Energy 2016 , Global energy consumption , Energy

Union Cabinet gives ex-post facto approval to MoU between India and Maldives for cooperation in field of tourism

The MoU with Maldives will be instrumental in increasing arrival from this important source market.

Recommended for : India-Maldives , Maldives , Tourism , Union Cabinet

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

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.

Recommended for : Nokia , HMD , 10-year licensing deal , market , Nokia-branded phones , tablets

प्रधानमंत्री नरेन्द्र मोदी ने राष्ट्रीय कृषि बाजार का उद्घाटन किया

आरंभिक चरण में 8 राज्यों के 21 मंडी को e-NAM से जोड़ा गया है. सितंबर 2016 तक इसमें दो सौ मंडियों को शामिल कर लिया जाएगा और मार्च 2018 तक शामिल मंडियों की संख्या पांच सौ पच्चासी हो जाएगी

Recommended for : PM Narendra Modi , National Agriculture Market , farmers , राष्ट्रीय कृषि बाजार , ई– ट्रेडिंग

PM Narendra Modi launched National Agriculture Market

This project will operate through an online portal which is being linked to the mandis of the States.

Recommended for : PM Narendra Modi , National Agriculture Market , farmers , e-NAM , NAM

Lamborghini appointed Sharad Agarwal as Head of India Operations

As the head of Lamborghini India, Agarwal will be responsible to drive the entire activities for the company in the subcontinent, overseeing sales, marketing, after sales and network development.

Recommended for : Lamborghini , Luxury Cars , Sharad Agarwal , Audi

Hinduja Brothers topped Britain’s Asian Rich List 2016

Steel tycoon Lakshmi Niwas Mittal was ranked second in the list, which was released by the Indian high commissioner to the UK Navtej Sarna.

Recommended for : Asian Rich List , Hinduja Brothers , Lakshmi Niwas Mittal , Asian Media and Market

अमेरिकी फेडरल रिज़र्व ने ब्याज दर में बदलाव न किये जाने का निर्णय लिया

फेड द्वारा जारी एक अनुमान के अनुसार नीति निर्माताओं को उम्मीद है कि फेड कोष की दर 2016 के अंत तक बढ़कर करीब 0.9 फीसदी तक पहुंच सकती है. आखिरी बार अमेरिकी सेंट्रल बैंक ने दिसंबर 2015 में दरों को बढ़ाया था.

Recommended for : US Federal Reserve , Interest Rates , Federal Open Market Committee , अमेरिकी फेडरल रिजर्व , ब्याज दर , जेनेट येलेन

US Federal Reserve decided to keep Interest Rates unchanged

The stance of monetary policy remains accommodative, thereby supporting further improvement in labor market conditions and a return to 2 percent inflation.

Recommended for : US Federal Reserve , Interest Rates , Federal Open Market Committee

Glenmark Pharma received final approval of USFDA for migraine drug

The Frovatriptan Succinate Tablets has an estimated market size of 87.8 million US dollars for the 12 months ended January 2016.

Recommended for : Glenmark , Glenmark Pharma , Endo Pharmaceutical , Frova , Migraines

Venezuela president extended economic emergency to protect citizens from economic warfare

The declaration will bestow more time on the government of President Nicolas Maduro to intervene in the market, boost productivity and redress a flagging financial sector.

Recommended for : Venezuela , President , Economic Emergency , Economic Warfare

Lloyd Stowell Shapley, Nobel Prize winner in Economics, died

Shapley, along with Alvin Roth, won the Nobel Prize in 2012 for his work on the theory of stable allocations and the practice of market design.

Recommended for : Lloyd Shapley , Nobel Prize economics , game theory , Alvin Roth , mathematical economics , stable matches , death Nobel Prize winner

CCEA approved revised policy on gas production from Deep Waters & HPHT areas

The revised policy seeks to grant marketing and pricing freedom for new gas production from these areas so that domestic gas production is improved and dependence on imports is reduced.

Recommended for : CCEA , hydrocarbon policy , gas from deep waters , high pressure , high temperature areas , energy security

Lupin completed acquisition of GAVIS Pharma

Both the companies will now have a portfolio of 120 in-market products, 185 cumulative filings pending approval and a deep pipeline of products under development for the US.

Recommended for : Lupin , GAVIS Pharma , Novel Laboratories , Pharmaceuticals

Union Government launched online marketing platform Mahila e-Haat

It allows women entrepreneurs to leverage technology for showcasing products made or manufactured or sold by women entrepreneurs.

Recommended for : budget 2016-17 , tax litigation , penalty , customs , EXIM , exports , imports , e-sahyog , e-assessment

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