CORPORATE AFFAIRS, TECHNOLOGY, CARS & E-COMMERCE
1. The PSA Group, maker of peugeot cars is working on a strategy to make another entry into India, a market where the french car maker says its a great potential.
2. Bharti Airtel, Vodafone, Idea and Reliance Jio remained cautious on the second day of spectrum auctions with carriers giving 700 MHz band a cold shoulder.
3.Amazon is offering disounts upto 50% on FMCG Products such as shampoos, soaps, shower gels, detergents, diapers and instant noodles to build customer loyalty. The move is precursor to Amazon's entry into food e commerce following the decision to allow 100% foreign direct investment in the sector.
4. Canada's CDPQ and Edelweiss plan to pony $1.8 - 2 billion into private debt and restructuring of stressed assets over 4 years. CDPQ had earlier brought 20% in Edelweiss Assets recast arm with an initial investment of $300 million with an option to raise it to $ 700 million.
5. Vodafone India, the country's second largest telecom will make vodafone play free as subscription to all customers till december 31 2016.
6. UBER's valuation is $ 51 billion as on march 2016, the highest for a startup so far. It fulfills 1 million rides daily.
7. Foxconn technology group has reached an understanding with nokia to revive its manufacturing plant near chennai and has laid out tough conditions.
8. Motorcycle sales rose 35.9% to 1.22 lakh units in september. Scooter sales grew by 12.7% to 84,850 units in september 2016.
9. Prasar Bharti CEO Jawhar Sircar has resigned.
10. India's largest online retailer Flipkart has sold 8,00,000 smart phones which translates to a sale value of close to $ 100 million.
11. Flipkart reduces its investments in marketplace unit by 70% in the year ended march effectively restraining the firms sales during the period.
12. Facebook has launched a new feature called market place which let users buy and sell items available nearby. The feature can be used by only age of above 18 years in selected countries.
13. 24,500 vehicles delivered by tesla in Quarter 3 of 2016.
14. Online marketplace Sanpdeal sells 1.67 million items in first 16 hours of its festival sale.
15. Capillary Technologies which develops omni channels CRM platform for retail brands has acquired e commerce services and technology company Sellerworx for and undisclosed amount.
16. Global payments startup Remitware payments which runs cross border payments platform Remitr has $ 1 million in seed funding from several investors.
17. Flipkart had non-disclosure agreement with walmart before the US team arrived.
18. Tejas Equipment maker tejas network plans to file a draft prospectus with market regulators this quarter for an initial public offering to raise around Rs 800 Crores.
19. Regional Carrier Air Costa which was facing cash problems has received pan india license from Directorate General of Civil Aviation.
20. Biocon founder kiran Mazumdar Shaw is getting ready to be part of India's startup mania. Shaw invested roughly invested Rs 8 Crores UE Life sciences the developer of an affordable breast cancer screening device.
21. Ratan Tata invests in fitness startup GOQii.
22. Cognizant has agreed to acquire Norweigan IT and BPO services provider Frontica Business Solutions for about 1.02 Norweigan Krone or about $ 128 million.
23. Government IT spending to hit $ 7.2 billion in 2016.
24. Patanjali buys RH Agro's Haryana rice mill for Rs 70 Crores.
25. Piramal's fined Rs 6 Lakh's for insider trading norm violation.
POLITICS, CRIMES, SPORTS, ENTERTAINMENT, ECONOMY AND NEWS AROUND THE WORLD
1. Benchmark indices surged over almost 1.5% as expectations of a rate cut strengthened ahead of RBI's policy meet.
2. Pakistan beefs up troops along Jammu Kashmir border.
3. The karnataka legislature decided to release water from the cauvery basin reservoirs to the state farmers as the storage has increased by about 6.5 thousand million cubic feet due to rains.
4. September turned out to be the best month for indian bonds with foreign investors investing a record of Rs 9, 789 crores, data from NSDL Shows.
5. The Anil Ambani promoted ADAG had signed an agreement with Dassault Aviation of France , the maker of Rafale Fighter jets for Rs 59,000 Crores.
6. Vikram Agnihotri is probably the first person in India from Indore who gets a permanent driving license who lost his arms when he was seven and drives with his legs.
7. Japanese Biologist Yoshinori Ohsumi has won this years noble prize for medicine discoveries.
8. A 13 year old tiger at Sanjay Gandhi National Park in Borivali has been diagnosed with kidney failure and is in a critical condition.
9. 75 Indian turtles which were being illegally transported in a bag in UP Pushpak Express were rescued by Railway Protection Force at Dadar Station.
10. Nitish katara murder convicts Vikas and Vishal Yadav to serve 25 years in jail and will not come out before 2027.
11. A Bengaluru research scientist and his wife have been arrested with 231 kg of amphetamine worth approximately Rs 231 Crore in the International market.
12. Supreme Court Imposed a fine of Rs 25000 on Delhi's Health Minister Satyendar Jain for failing to file an affidavit naming officials who he claimed did not cooperate with the AAP government in the fight against mosquito borne diseases in national capital.
13. 250 Congress workers booked for Rahul's illegal roadshow.
14. Russia backs surgical strikes says India has the right to defend itself.
15. In Japan robot babies to make lonely happy.
16. Kim Kardashian robbed of millions at gun point in Paris.
1. The PSA Group, maker of peugeot cars is working on a strategy to make another entry into India, a market where the french car maker says its a great potential.
2. Bharti Airtel, Vodafone, Idea and Reliance Jio remained cautious on the second day of spectrum auctions with carriers giving 700 MHz band a cold shoulder.
3.Amazon is offering disounts upto 50% on FMCG Products such as shampoos, soaps, shower gels, detergents, diapers and instant noodles to build customer loyalty. The move is precursor to Amazon's entry into food e commerce following the decision to allow 100% foreign direct investment in the sector.
4. Canada's CDPQ and Edelweiss plan to pony $1.8 - 2 billion into private debt and restructuring of stressed assets over 4 years. CDPQ had earlier brought 20% in Edelweiss Assets recast arm with an initial investment of $300 million with an option to raise it to $ 700 million.
5. Vodafone India, the country's second largest telecom will make vodafone play free as subscription to all customers till december 31 2016.
6. UBER's valuation is $ 51 billion as on march 2016, the highest for a startup so far. It fulfills 1 million rides daily.
7. Foxconn technology group has reached an understanding with nokia to revive its manufacturing plant near chennai and has laid out tough conditions.
8. Motorcycle sales rose 35.9% to 1.22 lakh units in september. Scooter sales grew by 12.7% to 84,850 units in september 2016.
9. Prasar Bharti CEO Jawhar Sircar has resigned.
10. India's largest online retailer Flipkart has sold 8,00,000 smart phones which translates to a sale value of close to $ 100 million.
11. Flipkart reduces its investments in marketplace unit by 70% in the year ended march effectively restraining the firms sales during the period.
12. Facebook has launched a new feature called market place which let users buy and sell items available nearby. The feature can be used by only age of above 18 years in selected countries.
13. 24,500 vehicles delivered by tesla in Quarter 3 of 2016.
14. Online marketplace Sanpdeal sells 1.67 million items in first 16 hours of its festival sale.
15. Capillary Technologies which develops omni channels CRM platform for retail brands has acquired e commerce services and technology company Sellerworx for and undisclosed amount.
16. Global payments startup Remitware payments which runs cross border payments platform Remitr has $ 1 million in seed funding from several investors.
17. Flipkart had non-disclosure agreement with walmart before the US team arrived.
18. Tejas Equipment maker tejas network plans to file a draft prospectus with market regulators this quarter for an initial public offering to raise around Rs 800 Crores.
19. Regional Carrier Air Costa which was facing cash problems has received pan india license from Directorate General of Civil Aviation.
20. Biocon founder kiran Mazumdar Shaw is getting ready to be part of India's startup mania. Shaw invested roughly invested Rs 8 Crores UE Life sciences the developer of an affordable breast cancer screening device.
21. Ratan Tata invests in fitness startup GOQii.
22. Cognizant has agreed to acquire Norweigan IT and BPO services provider Frontica Business Solutions for about 1.02 Norweigan Krone or about $ 128 million.
23. Government IT spending to hit $ 7.2 billion in 2016.
24. Patanjali buys RH Agro's Haryana rice mill for Rs 70 Crores.
25. Piramal's fined Rs 6 Lakh's for insider trading norm violation.
POLITICS, CRIMES, SPORTS, ENTERTAINMENT, ECONOMY AND NEWS AROUND THE WORLD
1. Benchmark indices surged over almost 1.5% as expectations of a rate cut strengthened ahead of RBI's policy meet.
2. Pakistan beefs up troops along Jammu Kashmir border.
3. The karnataka legislature decided to release water from the cauvery basin reservoirs to the state farmers as the storage has increased by about 6.5 thousand million cubic feet due to rains.
4. September turned out to be the best month for indian bonds with foreign investors investing a record of Rs 9, 789 crores, data from NSDL Shows.
5. The Anil Ambani promoted ADAG had signed an agreement with Dassault Aviation of France , the maker of Rafale Fighter jets for Rs 59,000 Crores.
6. Vikram Agnihotri is probably the first person in India from Indore who gets a permanent driving license who lost his arms when he was seven and drives with his legs.
7. Japanese Biologist Yoshinori Ohsumi has won this years noble prize for medicine discoveries.
8. A 13 year old tiger at Sanjay Gandhi National Park in Borivali has been diagnosed with kidney failure and is in a critical condition.
9. 75 Indian turtles which were being illegally transported in a bag in UP Pushpak Express were rescued by Railway Protection Force at Dadar Station.
10. Nitish katara murder convicts Vikas and Vishal Yadav to serve 25 years in jail and will not come out before 2027.
11. A Bengaluru research scientist and his wife have been arrested with 231 kg of amphetamine worth approximately Rs 231 Crore in the International market.
12. Supreme Court Imposed a fine of Rs 25000 on Delhi's Health Minister Satyendar Jain for failing to file an affidavit naming officials who he claimed did not cooperate with the AAP government in the fight against mosquito borne diseases in national capital.
13. 250 Congress workers booked for Rahul's illegal roadshow.
14. Russia backs surgical strikes says India has the right to defend itself.
15. In Japan robot babies to make lonely happy.
16. Kim Kardashian robbed of millions at gun point in Paris.
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