Monday, 5 October 2015

CURRENT AFFAIRS FOR THE MONTH JULY 2015

CORPORATE AFFAIRS, TECHNOLOGY AND E-COMMERCE

  1. UBER set to invest Rs 300 Crores in India.
  2. Housing.com website got hacked.
  3. The Diageo owned United Spirits has sold its stake in United Breweries to Heineken. It has increased its stake by 3.21%.
  4. Nestle pays Ambuja Rs 20 Crores to destroy maggi packets.
  5. Flipkart is going to operate only through application from September 2015 onwards.
  6. Lendingkart.com raises Rs 63 Crores from Venture Capital Funds.
  7. Warren Buffet donates $2.84 billion to Gates Trust and Charities.
  8. Sheryl Sandberg joins board of Survey Monkey.
  9. Pepsi company unlikely to bid for IPL title sponsorship again.
  10. Adidas has filed an application with Department of Industrial Policy and Promotion for setting up own flagship stores in India.
  11. Anshuman Bapna is appointed as the New Product Chief of Make My Trips.
  12. Enginnering and Capital Goods Company Thermax has entered into a pact to acquire a 33% stake in First Energy to increase its stake to 76%.
  13. Samsung claims 40% market share by value in smartphone.
  14. Flipkart opens new warehouse in UP taking its overall strength to 14 in the country.
  15. Tata steel to cut 720 jobs in UK.
  16. Mid-Cap Software service Mind-Tree purchases Bluefin solutions for $66 Million and Relational solutions for $10 Million.
  17. GAIL plans to buy US shale asset for $1.5 billion.
  18. Drug Maker Biocon announced a price band of Rs240-250 per share for IPO of its contract research firm Syngene.
  19. Pay TM asks RBI to raise the mobile wallet limit from Rs 10000 to Rs 25000.
  20. Aziz Premji acquired 1.5% stake in L & T Finance.
  21. Dubai based KEF holdings to invest Rs 2000 Crores in India by opening factories one each in North India, Gujarat and Maharashtra.
  22. US based IT provider Cognizant has acquired 22 acres of land at Bengaluru for Rs 175 Crores from Astrazeneca Pharma India.
  23. Zee Group has banned employees across all its groups companies from using mobile phones in Offices.
  24. Google added $60 million to its market capitalization in a single day.
  25. Goldman Sachs CEO Blankfein's net worth crosses $ 1 billion.
  26. Amazon the world's largest online retailer is readying a $ 5 billion war chest to grow India into its biggest market outside US.
  27. Mangal Prabhat Lodha, the chairman and Founder of Lodha Group is dividing his empire into two clear businesses one is real estate and financial services. Real estate business will be run by elder son Abhishek Lodha and Abhinandan Lodha will run financial services businesses.
  28. The Tata group has offered to buy out Japanese telecom major NTT Docomo's 26.5% stake in the loss making Tata teleservices for Rs 23.34 a share.
  29. Tata steel to raise Rs 10000 crores through sale of securities which was approved by shareholders.
  30. Pankaj Munjal was named as the chairman of Hero Cycles.
  31. Payment solutions Innoviti raises Rs 30 Crores from Catamaran Ventures and Canada's New India Corporation.
  32. Ashley Madison, Canadian parent of Avid life, media's website has been hacked by hackers named The Impact team and have threatened to disclose the personal details of 37 million cheating spouses.
  33. Barclays plans to cut 30,000 jobs within 2 years after firing CEO Antony Jekins this month.
  34. Airtel denies plans to exit africa and says operations sales aimed at cutting debt.
  35. Flipkart has teamed up with Tiger Global to invest Rs 76 crores in online home rentals startup Nestaway.
  36. Apple looking forward to hire Government Affairs Officer For India.
  37. Infosys has promoted over 2,600 employees and executives across the company and increased its overall variable pay to 80%.
  38. Office space absorption in top 8 cities rose 32% to 17.9 million sq.ft in 1st 6 months of 2015.
  39. Tata communications, the world biggest carrier of international calls as well as largest owner of submarine cables has started the process to sell its data centre business for more than Rs 32000 crores.
  40. Quikr is close to joining its elite group of Tech Companies also called as Unicorn who are valued at $1 billion.
  41. The net loss in the fourth quarter for Microsoft amounted to $3.2 billion and revenue fell by 5.1% to $22.2 billion.
  42. Reliance Retail named Sanjay Mehra as CEO for fashion and lifestyle e commerce business. 
  43. Online travel agent Make My Trip is picking up 28% stake in Holiday IQ for Rs 95 Crores.
  44. On Demand delivery service Magic Tiger has acquired startup Godeliver.
  45. Swedish investment firm kinnevik has become the largest investor in Quikr after purchasing shares worth $20 million.
  46. Air India plans to raise $300 million.
  47. Volkswagen India Group sees 3 high profile exits. Anil Reddi- Director for Porsche Brand, Nalin Jain- Group CFO and Niraj Srivastava- Head of Sales at Audi.
  48. Bharti Airtel plans to raise $ 500 million- $ 1 billion ( Rs3200- 6400 Crores) in overseas debt to partly fund spectrum related payments through  external commercial borrowing.
  49. Adani Port raises $650 million via bond sales.
  50. Apple Inc shares tumbled wiping out $ 38 billion in market value.
  51. Asset Reconstruction Company India Limited (ARCIL) plans to raise about $500 million as capital from investors to acquire non-performing loans.
  52. Mobile Point of Sale (mPOS) services provider M swipe Technologies raised $25 million in its Series C funding.
  53. Blackberry ltd is buying messaging alerts firms AtHoc.
  54. Lupin would acquire New- Jersey based generic drugs firm GAVIS for $880 million to boost its presence in the US.
  55. Japanese media group Nikkei would buy the Financial Times from Britain's Pearson in a $1.3 billion deal and would lead operations in Europe and Asia.
  56. Tata powers to scale up capacity to 180 KMW by 2022.
  57. Ashok Vemuri who is the CEO and President of I-GATE which is Nasdaq listed information technology service's firm, has been inducted in Capgemini's top management body.
  58. Infrastructure financier IDFC will start banking operations from October 1 2015.
  59. Lupin will acquire speciality products portfolio German company Temmler Pharma for an undisclosed amount.
  60. Anthem Inc would buy Cigna Corp at a deal valued at $54.2 billion creating the largest US health insurer by membership.
  61. European Union bans 700 generic drugs of GVK Biosciences.
  62. Britains Pearson is in talks to sell its 50% stake in the Economist group.
  63. Nestle India's MD Etienne Benet has been transferred to the company headquarters in Switzerland. Nestle Philippines Chaiman Suresh Narayan will replace him.
  64. Brookfield Asset Management Company may acquire debt laden GVK Power and Infrastructure for as much as $1billion.
  65. Jai Prakash Associates, the flagship company of the JP Group has been downgraded to default status by rating agency care following its failure to meet its payment obligation. The groups Rs 60,000 crores debt is nearly 0.5% of all bank loans.
  66. TK Chand has been made the New CMD of National Aluminium Company.
  67. Reliance Jio Infocomm has outlined a Rs 1 lakh crores investment plan in the lead up to its commercial 4G launch around december.
  68. Flipkart and Snapdeal are looking to raise $1 billion from existing investors at post money valuation of $15 billion.
  69. Nestle halts supply of Maggi Pasta to change its packs labels and remove    ' No added MSG ' declaration.
  70. Ferrari files to launch IPO on Wall Street.
  71. Pay TM has tied up with Aditya Birla Finance Limited to extend collateral  free loans to its seller base.
  72. Korean car maker Hyundai has decided to pump in fresh investment of over Rs 4500 crore for a new factory in India to boost its production capacity.
  73. Realty major Prestige Estate Projects is set to unveil Rs 1000 crores to acquire a 63.5% stake in Exora Business Park.
  74. Dilip Shangavi controlled Sun Pharmaceuticals may raise as much as $1 billion by selling off shore bonds.
  75. Alivira Animal Health , a joint venture of Sequent Scientific and Shasun Pharmaceuticals, is set to buy the veterinary business of Mumbai based Lyka Labs.
  76. HDFC takes over HUL'S lever house for Rs 398 crore.
  77. Amit Maheshwari is the new CEO of ' EXCLUSIVELY' an e-tailer of premium fashion.
  78. The Competition Commission of India (CCI) fines hyundai for Rs 420 crores for unfair trade practices.
  79. After Myntra, OLA will operate only through Application across its 100 cities.
  80. Adani Group to raise up to Rs 6000 crores through issuance of securities.
  81. Accenture India Chief Avinash Vashistha quits.
  82. Nestle India posts 1st loss in 30 years of Rs 64.4 crores for June Quarter.
  83. Around 150 senior executives were asked to leave from Sun Pharma.
  84. Micromax co-founder Vikas Jain plans to enter Luxury fashion business.
  85. Reliance industries HR Chief Prabir Jha quits.
  86. Snapdeal to evaluate performance appraisals of staff every 4 months instead of 1 month.
  87. Microsoft rolls out Windows 10.
  88. General Motors to invest $ 1 billion for revival.
  89. ITC lay offs 40 mid-level and senior executives over lack of satisfactory performance.
  90. Spice Jet in talks with Air Bus  and Boeing to but 100 aircrafts.
  91. BNP Paribas will buy domestic online retail broking Major Sharekhan for Rs 2200 Crores.
  92. Reliance Jio InfoComm plans to raise Rs 3500 crore of debt.
  93. Industrial Paints maker Nerolac would invest Rs 220.5 crores to set up manufacturing unit in Pune and Global R & D Centre in Navi mumbai at Rs 40 Crores.
  94. Prakash Tulsiani has been appointed as COO of ALL cargo Logistics.
  95. Bharti Airtel Chairman Sunil Mittal has got a total pay package of Rs 27.17 Crores.
  96. General Motors is investing Rs 6400 crores which will create 1400 new jobs.
  97. Veer Vijay Singh a former COO of Taj Groups Vivanta branded properties has founded a hotel management Company, Trance Hotels and Resorts.
  98. New York Based news and blogging portal 'Mashable' will officially launch in the country by August.
  99. Ananth Narayan to be the CEO of 'MYNTRA'.
  100. 6.5 acre plot in thane goes for Rs 208 crores to mumbai developer Wadhwa Group. The plot is 10 Lakh Sq.ft.
  101. Toshiba CEO Hisao Tanaka quits over inflated profits.
  102. Global private equity firm Warburg Pincus will invest Rs 1,800 crores in Piramal Realty.
  103. Russian Tech Millionaire invests $ 100 million in search of Aliens.
  104. Capillary Technologies a seven year fold software maker is in advanced talks to raise about Rs 285 Crores in funding led by private equity firm Warburg Pincus.
  105. Manipal to buy diagnostic chain in Rs 1000 crores deal with Medall Healthcare with 80% stake.
  106. Honda Motor Car to pump fresh Rs 4000 crores for a new factory in Gujarat which will be 3rd In India.

POLITICS, ECONOMY, SPORTS, ENTERTAINMENT AND WORLD NEWS

  1. Finance minister of Greece quits.
  2. Enforcement Directorate issues summons to Lalit Modi.
  3. Rs 1.40 Crores to be spent by Maharashtra Government on CM And Governor visit to New delhi by purchasing bullet proof vehicles.
  4. 88% Indians okay with sending kids abroad for Post Graduation.
  5. China has begun building a 314 metre high dam which will be World's Tallest Dam costing $ 5.8 billion.
  6. Indian has been top recipient of US economic aid in 66 years.
  7. I-T department starts probe against 90 companies for possible evasion, money laundering and for converting black money into white money through a series of transactions in little known shares, commonly called penny stocks.
  8.  Sensex closes above 28000.
  9. Exports decline for the 7th straight month in June by 15.82% while imports fall by 16.72%.
  10. KEM hospital is the 1st public centre in Maharashtra to carry out a swap kidney transplant.
  11. Prisoners in kerala will soon have their own email id through a project called e-literacy Yagnan.
  12. Around 8.3% of 42,847 students were able to clear the exam of final CA conducted by ICAI.
  13. Cabinet allows composite foreign investments caps, merging those on FDI and portfolio investments.
  14. The Asian Development Bank forecasts GDP at 7.8% in FY 16 and 8.2% in FY 17.
  15. Government to skill 12 million people in FY 16.
  16. Farmer suicides dip by 50% this year according to National Crime Records Bureau.
  17. Around 32000 women opted for medical termination of pregnancy by ordering online pills.
  18. SBI to offer 3% of profit to employees as a part of talent and motivation initiative.
  19. Air India will seek government nod to sell Rs 250 Crores assets.
  20. HDFC to raise Rs 90,000 crores from non-convertible debentures and warrants to fund business expansion.
  21. 16 lives was lost every hour in 2014 because of India's deadliest Roads.
  22. One and a half year old Angaar Labrador cleared the explosive detection tests and becam the first alumnus of the International Tactical and Canine Training Centre.
  23. Citizens will now be able to get birth certificates and marriage certificates and marriage registration documents in 3 days under right to services act.
  24. Huma Abedin is the highest paid staffer in US President Campaign. She is associated with Hillary Clinton.
  25. Maharashtra sees 1300 suicides by farmers in the period January to June 2015 this year.
  26. The road mishaps in Mumbai fell by 27% in Mumbai due to continous action against drunk driving.
  27. Telecom Tribunal TDSAT has granted NRI businessman C Sivasankaran a refund of Rs 338 crores.
  28. President Pranab Mukherjee will make historic first visit on Indian statesman to Israel and Palestine in October this year.
  29. Indian Navy requires 110 helicopters and is planning to spend Rs 20,000 Crores.
  30. Income Tax Department to bring 10 million new people under tax net this year.
  31. India has seen a rise in communal violence by 25% in 2015.
  32. SEBI has barred suspended companies and its promoters, directors from raising money through public issue of securities till their suspension is revoked or shares are delisted from stock exchanges.
  33. A survey of family of 373 death rows due to sentence to death has been analysed and shows that 3/4th of those given death penalty belonged to backward classes and religious minorities.
  34. Gold prices fell just above Rs 25000/10gm to a four year low.
  35. Wine sales in India up by 21%.
  36. Mumbai suburban railways suffered a cumulative losses of Rs 4,150 Crores over last six years.
  37. At least 15 tiger cubs spotted in UP's Pilibhit Reserve.
  38. Citizen can get ration card in 30 days.
  39. Gutka and Mawa ban has extended its ban for 1 year for manufacture, distribution and sale of the same.
  40. Tom Moore the ' Archie' cartoonist died in Texas at 86.
  41. The average customs duty rate went up to 13% in 2014-15 compared to 12%.
  42. Maharashtra Government plans to invest 10-15% in IPO'S of small and medium enterprises.
  43. Government is likely to allow 100% FDI in white labelled ATM opertions.
  44. The GSM subscriber base has increased marginally in June with Telecom operators adding 4.14 million users taking overall base to 720.3 million.
  45. Foreign exchange reserves fell by $ 1 billion to $ 353.33 billion.
  46. The government will divest 5% of its stake in Power Finance Corporation which will fetch Rs 1700 Crores at market Price.
  47. Accussed Cricketers S Sreesanth, Ajit Chandila and Ankeet Chavan along with 36 others has been discharged who were arrested and charged with MCOCA.
  48. In India 30% Lawyers are fake and around 20% are practising with fraudulent degrees said chief of Bar Coucil Of India Manan Kumar Mishra.
  49. The centre will import 10,000 tonnes of onion from Pakistan, China and Egypt.
  50. Married men are twice as likely to end life than women. The total share is 65.9%.
  51. The centre approved the release of Rs 2800 crores for UP farmers.
  52. SC refuses to ban images of GOD on commercial items.
  53. NITI Ayog wants to hire 7 consultants as officers on special duty at a monthly remuneration of Rs 1.55 lakh each which will reduce work load of vice-chairman Arvind Panagariya and members Bibek Debroy and VK Saraswat.
  54. According to a survey conducted only 13% know driving in flooded areas in Mumbai.
  55. Only 5 aspirants got over 50% in UPSC exams.
  56. According to a report of Amnesty International 607 got executed in 22 countries.
  57. President APJ Abdul Kalam Azad died at 83 years while delivering lectures at IIM Shillong.
  58. WHO estimates 40 million Indians live with Chronic Hepatitis B infection.
  59. Uttarkand Sanskrit Academy which is based in Haridwar plans to launch 1st sanskrit channel in the country,
  60. Porn sites accessed 700 times a day on UK house PC's in 2014.
  61. Ram Sewak Sharma is set to be the new chief of TRAI.
  62. Yakub Memon hanged on 30th July at Nagpur Jail.
  63. The government received Rs 1029.7 Crores in upfront payment from auction and allotment of coal blocks.
  64. 74% Indians love their Phones more than Sex.
  65. The government is set to appoint executives from Private sector to Head Bank of Baroda and Canara Bank.
  66. The Madras High Court allowed Sun TV's radio channels to participate in the FM radio Phase-III channel auction.
  67. The Government total Budgeted expenditure for 2015-16 is Rs 17.17 lakh crore out of which Rs 15.36 lakh crores meant for Revenue expenditures and Rs 2.41 lakh crores for Capital Expenditures.

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