CORPORATE AFFAIRS

CORPORATE AFFAIRS :::

 

CORPORATE AFFAIRS

 Air India formally joined the airline group Star Alliance. With this, Air India became the first Indian airline to become a member of 27 airlines club.
 Adani Ports & SEZ Ltd (APSEZ) on 4 July 2014 formed a joint venture (JV) with French shipping company CMA CGM
 ADB announced to provide 50 million US dollars of equity investment into Indian company, ReNew Power.
 Google on 25 June 2014 launched Project Android One to build ultra cheap Smartphone at Google I/O 2014 in San Francisco.
 HSBC sold its Swiss private banking assets to Liechtenstein’s LGT Bank. This deal could have bearing on India’s fight against black money.
 The Indian Patent Office on 23 June 2014 refused to grant a patent on anticancer drug Abraxane of US firm Abraxis BioSciences.
 Air India has joined the global airlines group, Star Alliance. The decision to admit into the Alliance was taken on 23 June 2014 in London.
 Nivea, the global skin care brand, on 23 June 2014 announced to set up its first manufacturing plant in India in Sanand, Gujarat.
 Indian infrastructure giant, GMR has won the arbitration award against Maldivian government for wrongful termination of Airport project contract.
 Nita Ambani on 18 June 2014 was appointed as the Director of Reliance Industries.
 Nadathur Sarangapani Raghavan, co-founder of Infosys on 17 June 2014 acquired Paladion Networks.
 DLF Home Developers Ltd received internationally recognised ISO Quality Certification.
 BHEL on 13 June 2014 commissioned 68 MW Unit at the Rampur Hydro Electric Project in Himachal Pradesh.
 Canara Bank opened its seventh overseas branch in New York, USA after London, Leicester (UK), Hong Kong, Shanghai, Bahrain and Johannesburg.
 Meiji Holdings Ltd of Japan had acquired pharmaceutical firm Medreich for 290 million US dollar.
 Google on 10 June 2014 confirmed the purchase of Satellite Firm Skybox Imaging for 500 million US dollar.
 Sunil Dutt was appointed as President of Reliance Jio Infocomm
 Ban imposed on export of drugs produced in Ranbaxy’s Toansa plant was lifted by the European health regulator.
 Central Aquaculture Pathology Laboratory of RGCA became India’s first aquaculture pathology laboratory to be accredited by NABL.
 Reliance Industries Limited (RIL) announced on 29 May 2014 to buy 78 percent stake in Network18 Media and Investments for 4000 crore rupees.
 For Europeans, Google has launched a new service named right to be forgotten in which they can request the web pages to removal of links about them.
 The Competition Commission of India (CCI) on 28 May 2014 approved Tesco’s plan to purchase 50% stake in Tata Group firm Trent Hypermarket
 Domestic e-retailer Flipkart on 21 May 2014 announced that it has acquired rival and leading fashion e-tailer Myntra.com for 300 million US dollar.
 Hindustan Motors halted the production of India’s iconic car Ambassador on 25 May 2014.
 ONGC Videsh Limited (OVL) and gas producer Rosneft signed a deal on 25 May 2014 to jointly explore hydrocarbons in the offshore Arctic.
 DGCA for the first time issued the Standards of Services Document enlisting services and transactions offered by it to the public, operators and others.
 UK based Marks & Spencer announced that the company will open 100 stores in India by 2016.
 Competition Appellate Tribunal (Compat) upheld a penalty of 630 crore rupees imposed on real estate firm DLF slapped by CCI.
 Asia's biggest milk brand Amul on 14 May 2014 announced to set up a dairy processing plant in Varanasi.
 Mobile phone industry giants Apple and Google on 16 May 2014 agreed to settle Smartphone Patent war.
 Sundaram BNP Paribas Fund Services received ISAE Type II certification for maintaining high quality operating model and having effective control systems.
 MTS announced on 14 May 2014 that it will provide free Wi-Fi in Gurgaon Rapid Metro Rail for six months.
 Indian Pharma major Cipla Limited on 11 May 2014 announced to invest in US based Chase Pharmaceuticals to develop Alzheimer's drug.
 SEBI exempted Etihad Airways from making open offer in the Jet deal as purchase of 24% stake of Jet Airlines doesn’t amount to change in ownership.
 Punj Lloyd, Indian construction major won a 1270 crore rupees expressway project in Yemen.
 BHEL successfully commissioned 126 MW Gas Turbine Generating unit at Qarn Alam-3 power project of Petroleum Development Oman.
 Directorate General of Civil Aviation (DGCA) on 7 May 2014 approved the flying license of AirAsia India Private Limited (AAIPL).
 Kuwait has renewed two crude oil supply contracts with India’s BPCL and BORL of worth up to 3.7 billion dollars a year.
 SAIL bagged contracts to supply over 1.17 lakh tonnes of rails for two global tenders for major upcoming passenger rail line projects in India.
 Cadbury India Limited on 22 April 2014 announced to change its name to Mondelez India Foods Limited.
 The largest IT services provider of India, Tata Consultancy Services (TCS), on 21 April 2014 joined the league of top 10 global IT services companies.
 Hero MotoCorp will enter the market of Bangladesh through a joint venture of 5:45 with Bangladesh’s Nitol Niloy.
 Trends in Vogue on 19 April 2014 entered into an agreement with Bhartiya Mahila Bank (BMB) to promote women Entrepreneurship.
 Housing Development Finance Corporation (HDFC) Bank set World record for Blood collection in a single day.
 Piramal Enterprises Ltd acquired 20 percent stake in Shriram Capital Ltd for 20.14 billion rupees.
 Google has acquired the maker of high-altitude solar powered drones, Titan Aerospace to bring deliver internet in the remotest corners of the world.
 State Bank of India (SBI) on 15 April 2014 launched a financing scheme for women fashion boutique owners.
 Life Insurance Corporation of India (LIC) reduced its stake in Infosys by 3.25% by selling its shares worth 850 crore rupees.
 Mahindra ShubhLabh Services and Belgium-based Univeg signed a JV to supply fresh fruits.
 Piramal Enterprises announced on 10 April 2014 to sold its equity stake to Vodafone India for 8900 crore rupees.
 Symphony Teleca Corp (STC) a U.S. based company acquired Bangalore based Aditi Technologies.
 Sun Pharma announced to acquire Ranbaxy Laboratories for 3.2 billion dollars
 US Food and Drug Administration on 2 April banned imports of Apotex Inc’s manufacturing plant in India.
 Qatar based Doha Bank announced that it will be open its first branch in Mumbai in India.
 Amazon launched an internet-connected TV set-top box or video streaming device called Fire TV on 2 April 2014.
 Ministry of Civil Aviation approved a new airline of Tata and Singapore Airlines (SIA).
 The Competition Commission of India (CCI) imposed a fine of 1 crore rupees on Google
 Tata Teleservices limited (TTL) on 27 March 2014 launched new Wi-Fi business in Chennai.
 Facebook on 26 March 2014 decided to acquire two year old virtual reality technology firm Oculus VR for 2 billion dollar
 Maharatna PSU Coal India limited (CIL) on 17 March 2014 introduced a voluntary retirement scheme for non-technical female workers.
 Indian Oil Corp (IOC) on 17 March 2014 announced to set up 30000 crore rupees refinery at Mundra in Gujarat with 15 million tones capacity.
 NTPC has approved an investment of 14366.58 crore rupees for its Karanpura thermal power project in Jharkhand.
 Spice Jet and Boeing Company signed a deal worth 4.4 billion dollar.
 SBI Life Insurance Company on 12 March 2014 announced that it will appeal against the order of Insurance Regulatory and Development Authority (IRDA)
 Mercedes Benz, the German luxury car maker announced that it has commenced the local assembly of the S-Class sedan in India at Chakan, Pune.
 The French company Airbus launched its wholly owned subsidiary in India called Airbus India on 11 March 2014.
 Public sector general insurer New India Assurance announced an exclusive health insurance cover New India Asha Kiran for girl child on 7 March 2014.
 Tom Albanese was appointed as the new Chief Executive Officer (CEO) of Vedanta Resources.
 Bill Gates is the World’s top richest Billionaire according to Forbes magazine’s annual World billionaires list
 TAQA led consortium, the international energy and Water Company decided to acquire two hydroelectric power plants for about 1.6 billion US dollar
 New rules for Corporate Social Responsibility rules notified to be effective from 1 April 2014.
 Sun Edison, a solar energy announced to set up a solar park in Tirunelveli, Tamil Nadu.
 US firm Hennessey’s engineers have developed the world’s fastest car Venom GT with a top speed of a speed of 435 km per hour.
 Low-cost air carrier Spicejet triggered a third round of airfare war by slashing ticket prices by 75 percent during Super Summer Sale for customers.
 Essar Energy rejected a 1.5-billion dollar takeover bid by the Ruia brothers on 25 February 2014.
 Coca-Cola announced to set up its Accelerator Programme TARGET in India on 23 February 2014.
 Bharatiya Mahila Bank (BMB) signed Pact with New India Assurance Company on 21 February 2014.
 Social media giant Facebook Inc acquired WhatsApp for 19 billion dollars in a cash and stock deal on 19 February 2014.
 ONGC Videsh Limited signed a Production Sharing Contract for exploration and extraction in shallow water in the Bay of Bengal of Bangladesh.
 The Bombay Stock Exchange launched an institutional trading platform (ITP) for small and medium enterprises on 12 February 2014.
 Facebook founder and CEO Mark Zuckerberg became the youngest and the most generous philanthropist of America in 2013.
 CCEA approved Vodafone to buy out minority shareholders in its Indian branch for 10141 crore rupees.
 Six Public Sector Units (PSUs) signed memorandum of understanding to set up World’s largest 4000 MW ultra solar power project
 Google acquired Bengaluru based Impermium for 9 million dollar on 20 January 2014.
 Wal-Mart registered a new Company called Wal-Mart India Private Ltd in India
 RBI has allowed foreign investors to buy shares of South Indian Bank as foreign shareholding in the bank has gone below the prescribed limit.
 Facebook acquired Bengaluru-based Little Eye Labs for 90 crore rupees on 7 January 2014
 Bajaj Allianz General Insurance launched an all women branch in Pune.