CORPORATE AFFAIRS, TECHNOLOGY, E-COMMERCE AND CARS
1. Closely held Ahemdabad drug maker Intas Pharmaceuticals has trumped larger domestic peer Aurobindo Pharma and Cinven, a london headquartered private equity firm, to aquire assets of Teva Pharmaceuticals in the UK and Ireland for an enterprise value of around Rs 5,085 Crores.
2. Amazon India has sold over 15 million units with prime subscription service the top selling product.
3. Kishore Biyani led Future Group has launched Future Pay a digital loyalty wallet that helps consumers shop without card or cash across formats such as Big Bazaar, E Zone and Home Town.
4. Samsung is likely to sell 'Safe' Galaxy Note 7 from October 28 onwards which will compete Apple I Phone 7 and Google Pixel which will hit around the stores anytime.
5. Nasdaq listed travel portal Make My Trip has forayed into alternative accomodation space through a new entity Rightstay. It has already registered 10,000 properties ranging from guesthouses to villages.
6. Vivo the world's fifth largest smartphone maker is aiming for 10% market share in India by the end of next year.
7. Mobile Payments Platform PayTm has appointed former Citi Group executive Madhur Deora as its Chief Financial Officer.
8. Japan's Soft Bank Corp the largest shareholder in Snapdeal is in talks to invest in freecharge , the digital payments unit of online marketplace.
9. Altico Capital a non banking financial company backed by clear water capital partners has invested Rs 130 Crores in two residential realty properties in south mumbai and hyderabad.
10. Reliance Infrastructure is in pact to sell its power transmission assets to billionaire Gautam Adani's Adani Transmission for Rs 2000 Crores.
11. CK Birla Group owned Orient Cement is in advanced discussions to acquire Jayprakash associates 74% stake in Bhilai Cement for about Rs 750 Crores.
12. Property Developer Embassy Group has tied up with Hilton to develop the country's largest twin hotel in Bengaluru with a total investment of Rs
1000 Crores.
13. Reliance Jio Infocomm, the telecom arm of Reliance Industries has handed out upto 15% salary hikes to its top performers in its bid to hold out its best talent.
14. The telecom department has issued letters of intent to 60 firms for virtual network operator's license.
15. Telecom companies progressed with an additional bidding of Rs 2,482 Crores on Day 4 of spectrum auctions with a tussle for 4G Bandwidth.
16. German Car Accessories and Television Maker has ventured into mobile phone accessoriesand will be first selling them from Indian Market.
POLITICS, ECONOMY, ENTERTAINMENT, SPORTS & NEWS AROUND THE WORLD
1. Yoga Guru Baba Ramdev has said Hafiz Saeed and Dawood Ibrahim should be eliminated in surgical operations on Pakistani Soil.
2. The finance ministry has set up Public Debt Management Cell as an interim arrangement before a full fledged independent and statutory management body. Public debt management agency of India has set up in two years.
3. The arrest of Dukhtaran-e-Milat founder Asiya Andrabi in Jammu & Kashmir was cleared by the centre to send a message that activities of seperatist cannot be overlooked anymore.
4. 1.75 crores of RTI applications with 4,800 being filed everyday since 2005.
5. Bank of India and Syndicate Bank have taken a cue from RBI and reduced Marginal Cost of Fund based lending rates in the range of 5 to 10 basis points.
6. Auction of 12 non-coal blocks will fetch the state governments revenue of Rs 42, 892 Crores over the next 50 years.
7. All Government contracts in Maharashtra with a value of Rs 5 crores will have an inbuilt institutional arbitration clause.
8. The Indian government in a statement said that it is not going to release the evidence of surgical strikes on pakistan.
9. The Mira Road Call Centre scam busted late night and is believed to have robbed US Citizens of Rs 500 Crores.
10. Jean Pierre Sauvage, James Fraser Stoddart and Bernard Feringa were awarded with nobel prize in chemistry for their work in molecular machines.
11. Three men were Caught at IGI Airport hiding 3.9 lakh Euros in their rectum.
12. Sangit Date son of reputed Marathi Singer Arun Date who was recently found sleeping on the streets of Pune in rags passes away in Sion Hospital.
13. MMRDA will spent around Rs 25 Crores on maintenance of
western express highway and link road during construction of two metro corridors.
14. Exam Controller post still vacant at University of Mumbai.
15. The DGCA has unearthed a scam that would have top industrialists, corporates and Chief Ministers that would worry about the airworthiness or safety of private aircraft or charter aircraft they fly in.
16. In Aurangabad 32 cows found dead and 20 others left battered.
17. Mayor of Mumbai Snehal Ambekar is likely to announce the names of 3 civic members on panel to hear draft Draft DP objectives today.
18. The Centre has appointed Sushil Chandra as CBDT Chairman.
19. Science marks reduced for ISC 2017 exams.
20. Security forces are on high alert in Srinagar following specific intelligence input about an imminent terror strike.
21. Germany has declared full support to India's surgical strike on terrorists launch pads across LoC .
22. Automation a threat to 69% jobs in India.
23. Radio Mirchi and Gaana tie up for content.
1. Closely held Ahemdabad drug maker Intas Pharmaceuticals has trumped larger domestic peer Aurobindo Pharma and Cinven, a london headquartered private equity firm, to aquire assets of Teva Pharmaceuticals in the UK and Ireland for an enterprise value of around Rs 5,085 Crores.
2. Amazon India has sold over 15 million units with prime subscription service the top selling product.
3. Kishore Biyani led Future Group has launched Future Pay a digital loyalty wallet that helps consumers shop without card or cash across formats such as Big Bazaar, E Zone and Home Town.
4. Samsung is likely to sell 'Safe' Galaxy Note 7 from October 28 onwards which will compete Apple I Phone 7 and Google Pixel which will hit around the stores anytime.
5. Nasdaq listed travel portal Make My Trip has forayed into alternative accomodation space through a new entity Rightstay. It has already registered 10,000 properties ranging from guesthouses to villages.
6. Vivo the world's fifth largest smartphone maker is aiming for 10% market share in India by the end of next year.
7. Mobile Payments Platform PayTm has appointed former Citi Group executive Madhur Deora as its Chief Financial Officer.
8. Japan's Soft Bank Corp the largest shareholder in Snapdeal is in talks to invest in freecharge , the digital payments unit of online marketplace.
9. Altico Capital a non banking financial company backed by clear water capital partners has invested Rs 130 Crores in two residential realty properties in south mumbai and hyderabad.
10. Reliance Infrastructure is in pact to sell its power transmission assets to billionaire Gautam Adani's Adani Transmission for Rs 2000 Crores.
11. CK Birla Group owned Orient Cement is in advanced discussions to acquire Jayprakash associates 74% stake in Bhilai Cement for about Rs 750 Crores.
12. Property Developer Embassy Group has tied up with Hilton to develop the country's largest twin hotel in Bengaluru with a total investment of Rs
1000 Crores.
13. Reliance Jio Infocomm, the telecom arm of Reliance Industries has handed out upto 15% salary hikes to its top performers in its bid to hold out its best talent.
14. The telecom department has issued letters of intent to 60 firms for virtual network operator's license.
15. Telecom companies progressed with an additional bidding of Rs 2,482 Crores on Day 4 of spectrum auctions with a tussle for 4G Bandwidth.
16. German Car Accessories and Television Maker has ventured into mobile phone accessoriesand will be first selling them from Indian Market.
17. HAX, one of the largest hardware startup accelerators and seed investors has made its first investments in India in Ray IoT, a bengaluru based developer of non-contact baby monitoring technology solutions.
18. Volkswagen is planning to make India its future engineering hub.
19. General Motors India plans to export 70,000 vehicles to various markets including central and south america.
20. ONGC Videsh got government nod to raise its stake in Russia's second largest oil field of Vankor by 11% at an investment of $ 930 million.
21. Bharat Forge sets up ordnance equipment factory at Pune.
22. US Based luxury watch maker Fossil Group has forayed into Indian Wearable device market ( Smart Watch Segment ).
23. Mining Major Vedanta Resources will raise funds through issue of non-convertible debentures upto Rs 1,250 Crores.
1. Yoga Guru Baba Ramdev has said Hafiz Saeed and Dawood Ibrahim should be eliminated in surgical operations on Pakistani Soil.
2. The finance ministry has set up Public Debt Management Cell as an interim arrangement before a full fledged independent and statutory management body. Public debt management agency of India has set up in two years.
3. The arrest of Dukhtaran-e-Milat founder Asiya Andrabi in Jammu & Kashmir was cleared by the centre to send a message that activities of seperatist cannot be overlooked anymore.
4. 1.75 crores of RTI applications with 4,800 being filed everyday since 2005.
5. Bank of India and Syndicate Bank have taken a cue from RBI and reduced Marginal Cost of Fund based lending rates in the range of 5 to 10 basis points.
6. Auction of 12 non-coal blocks will fetch the state governments revenue of Rs 42, 892 Crores over the next 50 years.
7. All Government contracts in Maharashtra with a value of Rs 5 crores will have an inbuilt institutional arbitration clause.
8. The Indian government in a statement said that it is not going to release the evidence of surgical strikes on pakistan.
9. The Mira Road Call Centre scam busted late night and is believed to have robbed US Citizens of Rs 500 Crores.
10. Jean Pierre Sauvage, James Fraser Stoddart and Bernard Feringa were awarded with nobel prize in chemistry for their work in molecular machines.
11. Three men were Caught at IGI Airport hiding 3.9 lakh Euros in their rectum.
12. Sangit Date son of reputed Marathi Singer Arun Date who was recently found sleeping on the streets of Pune in rags passes away in Sion Hospital.
13. MMRDA will spent around Rs 25 Crores on maintenance of
western express highway and link road during construction of two metro corridors.
14. Exam Controller post still vacant at University of Mumbai.
15. The DGCA has unearthed a scam that would have top industrialists, corporates and Chief Ministers that would worry about the airworthiness or safety of private aircraft or charter aircraft they fly in.
16. In Aurangabad 32 cows found dead and 20 others left battered.
17. Mayor of Mumbai Snehal Ambekar is likely to announce the names of 3 civic members on panel to hear draft Draft DP objectives today.
18. The Centre has appointed Sushil Chandra as CBDT Chairman.
19. Science marks reduced for ISC 2017 exams.
20. Security forces are on high alert in Srinagar following specific intelligence input about an imminent terror strike.
21. Germany has declared full support to India's surgical strike on terrorists launch pads across LoC .
22. Automation a threat to 69% jobs in India.
23. Radio Mirchi and Gaana tie up for content.
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