CORPORATE AFFAIRS, E-COMMERCE, TECHNOLOGY AND CARS
1. After Grasim and Aditya Birla Nuvo merger, Kumar Mangalam Birla is planning to reorganise his telecom infrastructure and towers business with an aim to simplify the holding structure by consolidating its scattered towers holding into a single entity and and unlock value. 9000 Towers through 100% holding of Idea Cellular Infra Services. 19000 towers through 16% holding in Indus towers.
2. Amiga Subramaniam has agreed to sell her stake in MU Sigma to her former husband Dhiraj Rajaram giving him 51.6% holding in the data analytics company once deal is finalised.
3. A dispute between a unit maker of US Spices and seasonings maker McCornick and Co and Indian rice miller and processed food maker kohinoor foods alleged breaches of a rice supply contract has moved to arbitration in london.
4. Chinese smartphone maker Xiaomi has sold half a million smartphones in 3 days of festive season sales across Amazon, Snapdeal and Flipkart.
5. US Apparel retailer Gap Inc will sell its products online in India exclusively on Arvind Groups fashion portal NNnow.com.
6. Chinese handset maker Lenovo is looking to double its smartphone revenue in India this fiscal year and is aggressively aiming for the smartphone spot having surged up the ranks already in terms of volume and value market share.
7. Whats App has introduced new ways to customize photos and videos while sharing around the world. It is called as Whats App Camera Features.
8. Myntra founder Mukesh Bansal has joined the boards of food delivery company Swiggy and logistics firm Rivigo, making a rare instance that Indian Startups hiring Independent Directors.
9. Gurgaon based financial market place CoinTribe is planning to raise around $15 million to strengthen its technology platform as it expands its association with financial institutions.
10. Chennai based online pharmacy Netmeds is in late stage discussions to acquire on demand medicine and healthcare products delivery service Pluss in an all stock deal.
11. Ola cabs has introduced an offline booking feature through which passengers can book cab without active internet connection.
12. India's second largest telecom Vodafone teamed up with infrastructure firm GMR to create what it called the country's largest Wi-Fi Hotspot at delhi international Airport.
13. The SEBI has reduced the listing timelines after an IPO further to 4 days from 6 days amove that would bring down investors exposure to market volatility.
14. Sun Pharma's US Based subsidiary Taro continued with its top deck reshuffle and appointed Mariano Balaguer as Vice President, CFO and Chief Accounting Officer.
15. Aurobindo Pharma to raise $500 million to fund 2 new buys.
16. Korean Auto Maker Hyundai Motor India Limited has initiated a recall of 7,600 Eons produced in January.
17. Bengaluru based businessman has no intentions to return to India and his passport has been revoked due to his own conduct.
18. Indian oil Corporation is planning to lay a 2000 km pipeline to carry liquified petroleum from its kandla import terminal on the west coast to Gorakhpur in the deep east.
19. Flipkart sold goods worth Rs 1400 Crores making a new high for retail sales.
20. Microsoft CEO Satya Nadella got $ 18 million pay and his compensation fell by 3.3% to 17.7%.
POLITICS, ECONOMY, SPORTS, ENTERTAINMENT AND NEWS AROUND THE WORLD
1. The government plans to seal international borders with pakistan spread over 2,300 km, soon. Union home minister Rajnath Singh will discuss the proposal at a closed door meeting at Jaisalmer.
2. The European Parliament after Russia and neighbours bangladesh and afghanistan has backed india's surgical strike on terror training camps in Pakistan Occupied Kashmir.
3. Actor and BJP Leader Roopa Ganguly who had played the role of draupadi in mahabharat was nominated to the Rajya Sabha.
4. The RBI has forecasted the consumer inflation at 5% for FY 18 which is in sharp contrast to which indian households expects.
5. RBI Governor Urjit Patel lowers benchmark repo rate by 25 bps to 6.25%.
6. Pakistan along with many political parties in India are demanding proof from the government of surgical strikes on the line of control.
7. LPG is the first service for which Aadhar number has been made mandatory.
8. The SC has directed Best to stop collecting transport division loss revenue from consumers through monthly power bills.
9. The State government has announced a grant of Rs 49,248 Crores for Marathwada region with stress on irrigation and infrastructure sectors.
10. The Royal Bengal Tiger Palash passed away at Sanjay Gandhi National Park Medical centre at 3.15 am.
11. Western Railway has decided to introduce eight new services from October 10th.
12. The CBI has arrested two IT officials for taking vbribe of Rs 3.05 Lakhs.
13. Nearly 200 jail inmates around 90000 other students appeared for Gandhi peace exam on October 2.
14. Due to the civic polls BEST is not going to hike bus fares in 2017.
15. IMF predict 7.6% growth for India in 2016.
16. 4% inflation target is set for 2021 says RBI Governor.
1. After Grasim and Aditya Birla Nuvo merger, Kumar Mangalam Birla is planning to reorganise his telecom infrastructure and towers business with an aim to simplify the holding structure by consolidating its scattered towers holding into a single entity and and unlock value. 9000 Towers through 100% holding of Idea Cellular Infra Services. 19000 towers through 16% holding in Indus towers.
2. Amiga Subramaniam has agreed to sell her stake in MU Sigma to her former husband Dhiraj Rajaram giving him 51.6% holding in the data analytics company once deal is finalised.
3. A dispute between a unit maker of US Spices and seasonings maker McCornick and Co and Indian rice miller and processed food maker kohinoor foods alleged breaches of a rice supply contract has moved to arbitration in london.
4. Chinese smartphone maker Xiaomi has sold half a million smartphones in 3 days of festive season sales across Amazon, Snapdeal and Flipkart.
5. US Apparel retailer Gap Inc will sell its products online in India exclusively on Arvind Groups fashion portal NNnow.com.
6. Chinese handset maker Lenovo is looking to double its smartphone revenue in India this fiscal year and is aggressively aiming for the smartphone spot having surged up the ranks already in terms of volume and value market share.
7. Whats App has introduced new ways to customize photos and videos while sharing around the world. It is called as Whats App Camera Features.
8. Myntra founder Mukesh Bansal has joined the boards of food delivery company Swiggy and logistics firm Rivigo, making a rare instance that Indian Startups hiring Independent Directors.
9. Gurgaon based financial market place CoinTribe is planning to raise around $15 million to strengthen its technology platform as it expands its association with financial institutions.
10. Chennai based online pharmacy Netmeds is in late stage discussions to acquire on demand medicine and healthcare products delivery service Pluss in an all stock deal.
11. Ola cabs has introduced an offline booking feature through which passengers can book cab without active internet connection.
12. India's second largest telecom Vodafone teamed up with infrastructure firm GMR to create what it called the country's largest Wi-Fi Hotspot at delhi international Airport.
13. The SEBI has reduced the listing timelines after an IPO further to 4 days from 6 days amove that would bring down investors exposure to market volatility.
14. Sun Pharma's US Based subsidiary Taro continued with its top deck reshuffle and appointed Mariano Balaguer as Vice President, CFO and Chief Accounting Officer.
15. Aurobindo Pharma to raise $500 million to fund 2 new buys.
16. Korean Auto Maker Hyundai Motor India Limited has initiated a recall of 7,600 Eons produced in January.
17. Bengaluru based businessman has no intentions to return to India and his passport has been revoked due to his own conduct.
18. Indian oil Corporation is planning to lay a 2000 km pipeline to carry liquified petroleum from its kandla import terminal on the west coast to Gorakhpur in the deep east.
19. Flipkart sold goods worth Rs 1400 Crores making a new high for retail sales.
20. Microsoft CEO Satya Nadella got $ 18 million pay and his compensation fell by 3.3% to 17.7%.
POLITICS, ECONOMY, SPORTS, ENTERTAINMENT AND NEWS AROUND THE WORLD
1. The government plans to seal international borders with pakistan spread over 2,300 km, soon. Union home minister Rajnath Singh will discuss the proposal at a closed door meeting at Jaisalmer.
2. The European Parliament after Russia and neighbours bangladesh and afghanistan has backed india's surgical strike on terror training camps in Pakistan Occupied Kashmir.
3. Actor and BJP Leader Roopa Ganguly who had played the role of draupadi in mahabharat was nominated to the Rajya Sabha.
4. The RBI has forecasted the consumer inflation at 5% for FY 18 which is in sharp contrast to which indian households expects.
5. RBI Governor Urjit Patel lowers benchmark repo rate by 25 bps to 6.25%.
6. Pakistan along with many political parties in India are demanding proof from the government of surgical strikes on the line of control.
7. LPG is the first service for which Aadhar number has been made mandatory.
8. The SC has directed Best to stop collecting transport division loss revenue from consumers through monthly power bills.
9. The State government has announced a grant of Rs 49,248 Crores for Marathwada region with stress on irrigation and infrastructure sectors.
10. The Royal Bengal Tiger Palash passed away at Sanjay Gandhi National Park Medical centre at 3.15 am.
11. Western Railway has decided to introduce eight new services from October 10th.
12. The CBI has arrested two IT officials for taking vbribe of Rs 3.05 Lakhs.
13. Nearly 200 jail inmates around 90000 other students appeared for Gandhi peace exam on October 2.
14. Due to the civic polls BEST is not going to hike bus fares in 2017.
15. IMF predict 7.6% growth for India in 2016.
16. 4% inflation target is set for 2021 says RBI Governor.
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