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HDFC Bank gets Cabinet nod to raise Rs 24000 crore as FDI

Jun 14, 2018
HDFC, the second largest private bank had earlier sought approval for maintaining the permissible FDI or foreign holding in the bank up to 74% of its total paid-up capital, out of which the FII (foreign institutional investors) sub-limit would be 49 percent and the balance 25 percent would be FDI.

Facebook ties-up with National Women Commission to launch digital literacy programme

Jun 1, 2018
As part of the digital literacy programme, awareness training will be conducted for 60000 women in universities across major cities in Haryana, Delhi-NCR, Manipur, Sikkim, Meghalaya, Maharashtra, and Tamil Nadu over a one-year period.

Microsoft becomes third most valuable firm globally

May 30, 2018
Technology giant Microsoft has surpassed Google’s parent company Alphabet in market capitalisation for the first time in three years, becoming the third most valuable firm globally after Apple and Amazon. In its third quarter that ended on March 31, Microsoft posted revenue of $26.8 billion and net income of $7.4 billion.

Explained: Shut down of Sterlite Copper plant

May 29, 2018
The Tamil Nadu government has ordered for the permanent closure of the controversial Sterlite Copper factory in Tuticorin, which was the centre of violent protests last week that led to the killing of 13 people and left around 100 wounded.

Sony to buy EMI Music Publishing in USD 1.9 billion deal

May 22, 2018
EMI is the second-largest music publishing company by revenue and holds the rights to 2.1 million pieces of music including classics by the likes of Queen, Sam Smith, Pharrell Williams and Drake.

Tata Steel subsidiary acquires 72% stake in Bhushan Steel

May 19, 2018
Tata Steel, through its wholly-owned subsidiary Bamnipal Steel Ltd (BNPL), has acquired 72.65 per cent controlling stake in Bhushan Steel Ltd (BSL) for around Rs 36,400 crore. The company was selected as the highest bidder in March 2018 to buy a controlling stake in Bhushan Steel, as part of bankruptcy proceedings.

DoT approves merger of Bharti Airtel and Telenor India

May 15, 2018
The merger will boost the 4G spectrum holdings of Sunil Mittal-led Bharti Airtel group, which has been competing against Mukesh Ambani-controlled Reliance Jio Infocomm.

Flipkart co-founder Sachin Bansal quits after Walmart deal

May 11, 2018
Flipkart co-founder Sachin Bansal has announced his exit from the company, hours after the news of American retailer Walmart acquiring Flipkart broke in the nation. Bansal’s decision comes after Walmart’s condition that it could accommodate only one of the Flipkart founders in the board.

Walmart buys 77 percent stake in Flipkart: Here are Top 10 takeaways

May 10, 2018
Walmart’s investment will benefit India in terms of quality and affordable goods for customers, creation of new skilled jobs and fresh opportunities for small suppliers, farmers and women entrepreneurs.

Cambridge Analytica to shut down after Facebook data breach scandal

May 3, 2018
Cambridge Analytica, the UK-based data analytics company that was caught in a massive data-harvesting scandal has announced that it would immediately shut its operations, as the controversy has driven away virtually all of its customers.

TCS becomes first Indian company to achieve USD 100 billion Market Capitalisation

Apr 24, 2018
The increase in the TCS capital came after it reported a net profit of Rs 6925 crore, a 4.5 percent increase in its net profit in the fourth quarter (January-March).

Facebook to roll out new privacy choices

Apr 20, 2018
Social media giant Facebook has announced that it would be rolling out new privacy experiences in compliance with EU rules. The users will be asked to review and choose what to share from the political, religious, and relationship information on their profiles.

Government appoints panel to review CSR enforcement under Companies Act

Apr 12, 2018
Constitution of a 12-member panel to review the enforcement of CSR provisions under the Companies law as well as look at having a centralised scrutiny and prosecution mechanism to deal with violations.

Indian Consortium, Saudi Aramco sign MoU for Maharashtra refinery

Apr 11, 2018
An Indian consortium comprising IOCL, BPCL and HPCL has signed a Memorandum of Understanding (MoU) with Saudi Aramco, the world’s largest oil producer to jointly develop and build Ratnagiri Refinery in Maharashtra.

India replaces Vietnam to become world’s second largest mobile phone producer

Apr 2, 2018
India has replaced Vietnam to become the second-largest producer of mobile phones in the world, only after China. According to data shared by ICA, India accounted for 11 per cent of global mobile production in 2017 compared to 3 per cent in 2014.

Competition Commission of India fines Google Rs 136 crore for 'search bias'

Feb 9, 2018
The Competition Commission of India has imposed a fine worth Rs 136 crore on internet search giant Google for unfair business practices in the Indian market for online search. The ruling has come on complaints filed by Matrimony.com and Consumer Unity & Trust Society (CUTS) back in 2012.

Finance Minister launches National CSR Data Portal & Corporate Data Portal

Jan 20, 2018
The Union Minister for Finance and Corporate Affairs, Arun Jaitley has launched the National CSR Data Portal & Corporate Data Portal to enable greater transparency in corporate governance and promote accountability to the public at large.

Union Government launches Cyber Surakshit Bharat initiative

Jan 20, 2018
The Ministry of Electronics and Information Technology has launched Cyber Surakshit Bharat initiative in association with National e-Governance Division and industry partners to strengthen the cybersecurity ecosystem in India.

Five Indian tech companies feature in ‘Top 100 Global Tech Leaders List’

Jan 17, 2018
Thomson Reuters Corp has published its debut Top 100 Global Technology Leaders list, which was topped by Microsoft, followed by Intel Corp and Cisco Systems at the 2nd and 3rd position respectively. The list aims to identify the industry's top financially successful and organisationally sound organisations.

Reliance Jio plans to launch its own cryptocurrency 'JioCoin'

Jan 13, 2018
Reliance Jio also aspires to get into Internet of Things (IoT). IoT is a network of devices such as smartphones, wearable devices, home appliances and vehicles that are connected to the internet, which enables these objects to connect and exchange data.

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