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Business | Industry Decision

Union Budget 2017: Rural Development

Feb 1, 2017
The Budget 2017 is also unique in the sense that it is the first budget after introduction of three key changes to the budget process viz., merging of the Railway Budget with the General Budget, Doing away with the classification of plan and non plan expenditure and most importantly advancing the budget presentation date by one month.

Suzlon Energy announced to sell 100 percent stake in its German subsidiary Senvion SE

Jan 22, 2015
The 100 percent stake was sold to US-based company Centerbridge Partners for 7200 crore rupees. The proceeds from sale of stake will be utilised towards debt reduction.

Skype announced to stop phone calls within India

Oct 8, 2014
Skype will stop the calling facility from its application on mobile and landline phones within India from 10 November 2014.

EU Competition Commission approved Facebook – WhatsApp deal worth 19 billion US dollar

Oct 6, 2014
European Union (EU) Competition Commission approved Facebook – WhatsApp deal worth 19 billion US dollar on 3 October 2014.

Shri Govindraja Textiles of TN announced to relocate its operations in North Carolina

Sep 23, 2014
Shri Govindaraja Textiles announced to set up a spinning unit in Eden, North Carolina.

China fined British drug maker firm GSK Plc 489 million US dollars for paying bribes

Sep 20, 2014
China on 19 September 2014 fined GlaxoSmithKline Placement (GSK Plc) a record 489 million US dollars (3 billion Yuan) for paying bribes to doctors to use its drugs.

Bombay HC passed an ex-parte order restricting Park Hotel from using Candy Crush Saga image

Sep 18, 2014
Bombay High Court on 18 September 2014 passed an ex-parte order restricting the Park Hotel

Gilead gave voluntary licenses to Indian pharma companies to make genetic version of Sofosbuvir

Sep 17, 2014
Gilead on 16 September 2014 gave voluntary licenses to Indian pharma companies to make generic version of hepatitis C drug Sofosbuvir.

TCS and Bharti Foundation announced to spend 200 crore rupees for Clean India Campaign

Aug 19, 2014
Tata Consultancy Services (TCS) and Bharti Foundation on 18 August 2014 announce to spend 200 crore rupees for Clean India Campaign.

DGCA approved the Flying License of AAIPL

May 9, 2014
Directorate General of Civil Aviation (DGCA) on 7 May 2014 approved the flying license of AirAsia India Private Limited (AAIPL).

Cadbury India changed its name to Mondelez India Foods Limited

Apr 23, 2014
Cadbury India Limited on 22 April 2014 announced to change its name to Mondelez India Foods Limited.

USFDA banned imports from Indian plant of Apotex Pharma Co

Apr 4, 2014
US Food and Drug Administration on 2 April banned imports of Apotex Inc’s manufacturing plant in India.

Union Ministry of Civil Aviation approved the Tata and Singapore airlines JV

Apr 3, 2014
Ministry of Civil Aviation approved a new airline of Tata and Singapore Airlines (SIA).

NTPC approved 14366-crore rupees investment for Jharkhand plant

Mar 15, 2014
NTPC has approved an investment of 14366.58 crore rupees for its Karanpura thermal power project in Jharkhand.

Spicejet triggered airfare war by slashing fare up to 75 percent

Feb 25, 2014
Low-cost air carrier Spicejet triggered a third round of airfare war by slashing ticket prices by 75 percent during Super Summer Sale for customers.

CCI approved Etihad Airways purchase of 50.1% stake in JPPL

Feb 6, 2014
CCI gave its nod to Etihad Airways for purchase of 50.1% stake in JPPL.

Central Government allowed Tesco to invest in brownfield entity

Jan 6, 2014
Government of India allowed British retailer Tesco to invest in brownfield entities in India.

TCS to set up world's largest corporate learning centre in Thiruvananthapuram

Jan 4, 2014
Tata Consultancy Services (TCS) decided to set up the world's largest corporate learning and development centre in Thiruvananthapuram

India and United States signed a deal for six C-130J Super Hercules

Dec 28, 2013
India and US inked contract for six additional C-130J super Hercules aircraft, worth of 1.01 billion $ on 27 December 2013.

Union Finance Ministry Announced to Infuse 14000 Crore Equity in Banks

Oct 24, 2013
The Finance Ministry announced that it would infuse 14000 crore Rupees capital in 20 public sector banks during the current financial year, i.e. 2013-14.

Huawei Technologies Declared to Work on 5G Mobile Technology

Jul 22, 2013
Huawei Technologies declared in July 2013 that it was working on the fifth generation (5G) mobile technology, which would possibly be available by 2020.

Sula Vineyard, the Largest Wine Producer of India Decided to Enter Sikkim Market

Jul 18, 2013
Sula Vineyard, which is the largest wine producer of India, decided to make its mark in the wine market of Sikkim.

Muthoot Finance Got In-Principal Approval from RBI to Establish White Label ATMs

Jun 27, 2013
Muthoot Finance got in-principal approval from the Reserve Bank of India (RBI) for establishing as well as operating White Label ATMs (WLAs).

ONGC Participated in Campaign Clean India; Decided to Adopt Six Monuments

Jun 7, 2013
The Ministry of Tourism (MoT) roped in ONGC for maintenance as well as cleanliness of six monuments.

Fortis Healthcare Announced to Divest Stake to Bupa

Dec 17, 2012
Corporate/Bussiness Current Affairs December 2012. Fortis Healthcare on 16 December 2012 announced to divest 64 percent stake in the Dental Corporation Holdings (DC), Australia

Sahara Companies Got Two Months Time to Repay Investors’ Money

Dec 6, 2012
Corporate/Bussiness Current Affairs December 2012. The Supreme Court of India on 5 December 2012 provided a relief to two Sahara companies when it gave them the time of two months till first week of February 2012

General Motors decided to expand its Production Capacity at Halol Plant

Nov 18, 2012
Corporate/Bussiness Current Affairs November 2012. The General Motors on 17 November 2012 announced its plans of expanding its annual commissioning capacity at Hallo Plant in Gujarat to 1.10 lakh units per year

Dow Chemical Co. Announced Closure of 20 Plants

Oct 25, 2012
Corporate/Bussiness Current Affairs October 2012. Dow Chemical Co. (DOW) the largest US chemical producer by sales on 23 October 2012 announced a cut of 5 percent of the company’s work force worldwide as an act of a restructuring plan that is aimed at coping up with the European Economic Slowdown

Affordable basic service of 70 channels announced by Dish TV

Oct 11, 2012
Corporate/Bussiness Current Affairs October 2012. Dish TV on 10 October 2012 announced a basic service of 70 channels at affordable rates for five year

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