CORPORATE AFFAIRS, E-COMMERCE, TECHNOLOGY & CARS
1. The securities and exchange board of india is reviewing the concept of non-compete fees paid to promoters selling stakes in mergers after the issue flared up in the HDFC-Life Max Life deal. The promoter of Max Life is getting an additional Rs 850 crores in the form of non-compete fees as the part of merger.
2. New Entrant Reliance Jio Infocomm said that its subscriber base crossed 16 million within a month of launching commercial operations on September 5 and added the pace of enrollment was a world record.
3. The UPA government had proposed a global TV channel on the lines of BBC said former I & B minister Manish Tewari.
4. Vodafone India has sought its bids for its data centre facility in Navi Mumbai built at a cost of Rs 1200 Crores.
5. Encouraged by strong response to the locally developed Vitara Brezza, Suzuki Motors has given Indian Unit Maruti Suzuki the responsibility to develop a new generation Alto to strengthen its hold in the entry car space.
6. International Advertising agency Dentsu Aegis Network is set to acquire Happy Creative service , a bengaluru based creative agency best known for its work on brands like flipkart, ola and Diesel.
7. Education Technology start up JobSenz has been selected for FB start, the early stage mobile focused startup programme launched by facebook. Job Senz has received around Rs 27 lakhs as credits and services facebook and its partners and will also receive mentoring from the Menlo Park headquartered company's engineering team.
8. Bitcoin wallet startup Zebpay is in talks to secure Series A funding of $ 4-5 million and expects to close the investment by next month.
9. Motorola has announced that 15 phones will be eligible for the upgrade to Android 7.0 Nougat.
10. $ 2.5 billion the valuation of snapchat expects post its IPO.
11. India Life Sciences Fund II, which focuses on growth capital in the Indian healthcare sector, has invested $ 6.2 million for a significant minority stake in Oasis Centre for Reproductive medicine.
12. Medical devices startup Axio Biosolutions maker of an advanced wound management product for the military, has set up its first in house production units as it looks to expand in cardiovascular, trauma and dental segments.
13. Top Six firms add over Rs 30,000 Crores in market cap with ONGC and RIL leading the pack.
14. Auto components maker Fiem Industries is in the process of signing joint venture with Honda Motor Company co-owned by Honda locks soon for product diversification and tapping new oppurtunities in the market. 15. Itau to pay $ 220 million for Citigroup's Brazil assets.
16. Divya Burman the teenaged daughter of Rs 8500 Crores Dabur India's Vice chairman Amit Burman has created a her own startup in FMCG called as Rog Free that aims to improve health and hygiene standards among the poor.
17. Indian Pharmas's first sales professional turned entrepreneur Amit Bakshi has hired bankers for Rs 2000 Crores IPO of Eris Lifesciences.
POLITICS, ECONOMY, CRIMES, SPORTS, ENTERTAINMENT & NEWS AROUND THE WORLD
1. LT Gen AK Sharma has assumed command of white knight corps ( 16 corps ) from Lt Gen R R Nimbhorkar.
2. The apex education advisory body NCERT has advised the Narendra Modi government against scrapping the policy of ' no detention ' up to class 8 introduced by previous UPA regime. It has advised not scrap the policy.
3. Virat Kohli and Ajinkya Rahane notched up their highest test scores as India reached 557/5 declared against New Zealand.
4. Nashik highway burns after child rape.
5. Ex-watchman held for perfumer Monika Ghurde's murder.
6. Intel fears spectacular Jaish attack on parliament again.
7. The mastermind of mira road call centre scam is Shahgar Thakkar and is on the run. He is a multimillionaire and owns many cars.
8. Sniffer dog tracking down accused is weak evidence says HC.
9. 77 year old tuition teacher gets 6 months jail term for molesting his minor student.
10. ' Tak Tak ' gangs sell of mobiles in Delhi and get their IMEI changed.
11. Uttar Pradesh Chief Minister Akhilesh Yadav ready for early polls if opposition wants it.
12. Mayawati a big zero in communalising politics says BJP.
13. An Indian Businessman has paid a whopping $ 9 million to buy a single digit car registration number plate in Dubai.
1. The securities and exchange board of india is reviewing the concept of non-compete fees paid to promoters selling stakes in mergers after the issue flared up in the HDFC-Life Max Life deal. The promoter of Max Life is getting an additional Rs 850 crores in the form of non-compete fees as the part of merger.
2. New Entrant Reliance Jio Infocomm said that its subscriber base crossed 16 million within a month of launching commercial operations on September 5 and added the pace of enrollment was a world record.
3. The UPA government had proposed a global TV channel on the lines of BBC said former I & B minister Manish Tewari.
4. Vodafone India has sought its bids for its data centre facility in Navi Mumbai built at a cost of Rs 1200 Crores.
5. Encouraged by strong response to the locally developed Vitara Brezza, Suzuki Motors has given Indian Unit Maruti Suzuki the responsibility to develop a new generation Alto to strengthen its hold in the entry car space.
6. International Advertising agency Dentsu Aegis Network is set to acquire Happy Creative service , a bengaluru based creative agency best known for its work on brands like flipkart, ola and Diesel.
7. Education Technology start up JobSenz has been selected for FB start, the early stage mobile focused startup programme launched by facebook. Job Senz has received around Rs 27 lakhs as credits and services facebook and its partners and will also receive mentoring from the Menlo Park headquartered company's engineering team.
8. Bitcoin wallet startup Zebpay is in talks to secure Series A funding of $ 4-5 million and expects to close the investment by next month.
9. Motorola has announced that 15 phones will be eligible for the upgrade to Android 7.0 Nougat.
10. $ 2.5 billion the valuation of snapchat expects post its IPO.
11. India Life Sciences Fund II, which focuses on growth capital in the Indian healthcare sector, has invested $ 6.2 million for a significant minority stake in Oasis Centre for Reproductive medicine.
12. Medical devices startup Axio Biosolutions maker of an advanced wound management product for the military, has set up its first in house production units as it looks to expand in cardiovascular, trauma and dental segments.
13. Top Six firms add over Rs 30,000 Crores in market cap with ONGC and RIL leading the pack.
14. Auto components maker Fiem Industries is in the process of signing joint venture with Honda Motor Company co-owned by Honda locks soon for product diversification and tapping new oppurtunities in the market. 15. Itau to pay $ 220 million for Citigroup's Brazil assets.
16. Divya Burman the teenaged daughter of Rs 8500 Crores Dabur India's Vice chairman Amit Burman has created a her own startup in FMCG called as Rog Free that aims to improve health and hygiene standards among the poor.
17. Indian Pharmas's first sales professional turned entrepreneur Amit Bakshi has hired bankers for Rs 2000 Crores IPO of Eris Lifesciences.
POLITICS, ECONOMY, CRIMES, SPORTS, ENTERTAINMENT & NEWS AROUND THE WORLD
1. LT Gen AK Sharma has assumed command of white knight corps ( 16 corps ) from Lt Gen R R Nimbhorkar.
2. The apex education advisory body NCERT has advised the Narendra Modi government against scrapping the policy of ' no detention ' up to class 8 introduced by previous UPA regime. It has advised not scrap the policy.
3. Virat Kohli and Ajinkya Rahane notched up their highest test scores as India reached 557/5 declared against New Zealand.
4. Nashik highway burns after child rape.
5. Ex-watchman held for perfumer Monika Ghurde's murder.
6. Intel fears spectacular Jaish attack on parliament again.
7. The mastermind of mira road call centre scam is Shahgar Thakkar and is on the run. He is a multimillionaire and owns many cars.
8. Sniffer dog tracking down accused is weak evidence says HC.
9. 77 year old tuition teacher gets 6 months jail term for molesting his minor student.
10. ' Tak Tak ' gangs sell of mobiles in Delhi and get their IMEI changed.
11. Uttar Pradesh Chief Minister Akhilesh Yadav ready for early polls if opposition wants it.
12. Mayawati a big zero in communalising politics says BJP.
13. An Indian Businessman has paid a whopping $ 9 million to buy a single digit car registration number plate in Dubai.
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