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:star2:Business Appointments 2017:star2:
1. Usha Ananthasubramanian - Indian Bank’s Association - First woman chairman
2. Vijay Kumar Venkataraman (Replaced Samir Shah) - MD & CEO, NCDEX
3. Debjani Ghosh (Replaced R Chandrashekhar) - President, NASSCOM
4. Rashesh Shah (Replaced Pankaj Patel) - FICCI
5. Sandeep Bhushan (Replaced Umang Bedi) - MD, Facebook India
6. Sanjiv Gupta - President & MD, General Motors India
7. Salil Parekh (Replaced Vishal Sikka) - Chairman, Infosys
8. Mrugank Paranjape - CEO & MD, MCX
9. Vikram Limaye - CEO, NSE
10. Sethurathnam Ravi - Chairman, BSE
11. Pankaj Jain - India Infrastructure Finance Company Ltd
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:star2:Key Corporate Positions 2017:star2:
1. Mohammad Mustafa - CMD, SIDBI
2. Rajnish Kumar - Chairman, SBI
3. Chanda Kochhar - MD & CEO, ICICI Bank
4. Aditya Puri - CEO, HDFC Bank
5. Rana Kapoor - MD & CEO, Yes Bank
6. Zarin Daruwala - CEO, Standard Chartered India
7. Urjit Patel - Governor, RBI
8. N. Chandrasekaran - Chairman, Tata Sons
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:star2:Business/Economy/Trade News/Headlines 2017:star2:
1. :star:Indo-China trade touched a record high of USD 84 bn (2017):star:
In spite of political tensions, Indian exports to China also increased by 40% to reach USD 16.4 billion in 2017
2. :star:Google acquired large size of HTC smartphone division for USD 1.1 billion:star:
The deal significantly boosts Google’s hardware game by handing a portion of Taipei based HTC’s own smartphone development team, many of whom worked on Google’s Pixel hardware (which was outsourced to HTC) and other HTC devices
3. :star:ONGC acquired 51% stake in HPCL for ₹36,915 crore:star:
Acquisition is primarily to meet government's disinvestment target & combine various PSUs to give them capacity to bear higher risks, avail economies of scale, take higher investment decisions & create more value for the stakeholders
4. :star:Mauritius topped FDI in India (FY 2016-17):star:
As per Census on Foreign Liabilities and Assets of Indian Direct Investment Companies 2016-17 released by RBI, largest FDI sources in the declining order were Mauritius, the US, the UK, Singapore & Japan
5. :star:IDFC Bank & Capital First announced merger:star:
Combined entity will have assets under management of Rs 88,000 cr, network of 194 branches & 5 mn+ customer base. Announcement is in line with IDFC Bank's stated strategy of "retailising" business to complete transformation from a dedicated infrastructure financier to a well-diversified universal bank, and in line with Capital First's stated intention and strategy to convert to a universal bank
6. :star:PhonePe & FreeCharge joined hands to allow customer access to PhonePe merchants:star:
Flipkart promoted payments entity PhonePe has partnered with mobile wallet company FreeCharge to enable existing 45 mn users to link their FreeCharge wallets to PhonePe app & allow access to all merchant outlets that accept PhonePe
7. :star:Amazon acquired Blink, a wireless home security start-up:star:
With this, Amazon expanded into internet connected home devices
8. :star:Quikr India bought HDFC Reality & HDFC Developers for Rs. 350 Cr:star:
In all-stock deal, Quikr bought HDFC’s brokerage business & HDFC Red platform for online real estate classifieds. It had bought CommonFloor for about $120 million in 2015
9. :star:Samsung, Axis bank tied-up to offer ‘Bill payments’ on Samsung Pay:star:
New feature will enable users to seamlessly pay utility bills via Samsung Pay's secure & convenient platform
10. :star:Reliance Jio acquired telecom assets of RCom:star:
Jio acquired towers, optic fiber cable network or OFC, 4G Spectrum from RCom
11. :star:Reliance infrastructure sold Mumbai power business to Adani Group for Rs. 18800 cr:star:
The deal will see Adani Group taking over distribution of over 1,800 MW power to 30 lakh customers in Mumbai & 500MW of thermal power generation capacity. Reliance Infra will use sale proceeds to repay debt
12. :star:Government approved merger of Videocon d2h & DTH operator Dish TV:star:
The new entity will called Dish TV Videocon Limited. It will serve more than 29 million subscribers, with a combined 45% market share
13. :star:GE & Tata Group to manufacture defence components in India:star:
They will manufacture military engines (Includes LEAP, world’s leading jet engine) and aircraft systems
14. :star:Samsung India tied up with UNESCO to launch 360 videos for heritage sites:star:
To begin with, Samsung will launch 360 video & virtual reality (VR) content for Konark Temple & Taj Mahal
15. :star:Ola acquired Foodpanda India from Delivery Hero for USD 40 Mn:star:
The stock-swap based deal marks Ola’s foray into online food ordering and delivery segment, a business shaped in India by the likes of Zomato, Swiggy & UberEATS
16. :star:Edelweiss Group acquired Religare’s securities business:star:
Acquisition covers securities & commodities broking and depository participant services. Edelweiss will take on pan-India distribution of 1,250 points of presence, including over 90 branches, over 1 million clients & employees of business
17. :star:Disney acquired 21st Century Fox’s film & TV studios for USD 52 Bn:star:
With this deal & wealth of movies, TV shows & sports programming it provides, company will have the muscle to challenge Netflix, Apple, Amazon, Google & Facebook in fast-growing online video market. Disney announced an ambitious plan to introduce two streaming services by 2019
18. :star:Dassault to invest 760 cr in JV with Reliance Group to manufacture components for its aircraft:star:
The JV, Dassault Reliance Aerospace Ltd, will manufacture aircraft components as part of the offset obligation connected to the purchase of 36 Rafale fighter jets from France
19. :star:MCX launches India’s first commodity options in Gold:star:
Total traded notional value for gold options on MCX stood at Rs.1,259 crore, while total traded volume totalled 4,220 lots (1 kg each)
20. :star:SBI tied up with Escorts to finance farmers for purchase of tractors:star:
The aim of the tie-up with Escorts is to promote, market and make accessible, organised finance facility, with superior features at competitive interest rates to farmers across country, who wish to purchase Powertrac and Farmtrac tractors manufactured by Escorts
21. :star:Mahindra & Mahindra to empower women farmers with ergonomic tools:star:
‘Prerna’ programme intends to empower women working in the agriculture sector by promoting efficient and ergonomic farm tools and equipment
22. :star:SBI launched India’s first bond index series at London Stock Exchange:star:
The FTSE SBI Bond Index Series, launched by SBI along with global index & data provider FTSE Russell, is positioned as a first-of-its-kind transparent benchmark for investors in international markets to analyse India’s government bond market
23. :star:Star India won IPL Media Rights:star:
Star India acquired digital & media rights for Indian Premier League for a term of five years 2018-2023 with a bid of Rs. 16,347.50 crore
24. :star:PNB, BSNL joined hands for mobile wallet Speedpay rollout:star:
Punjab National Bank & BSNL teamed up to roll out open mobile wallet ‘Speedpay’ across 10 states in the country. It will operate like any other mobile wallet. Besides, its users will be able to deposit and withdraw money from authorised retail outlets
25. :star:McDonald’s terminated franchise agreement in North & East:star:
The American fast-food chain shut 84 restaurants amid a legal battle with its joint venture partner, Connaught Plaza Restaurants (CPRL), which operates 169 outlets in north and east India
26. :star:Facebook launched YouTube’s competitor called ‘Watch’:star:
A new video programming platform ‘Watch’ is meant for creators & publishers. It is expected to compete with Google-owned YouTube
27. :star:The Cabinet Committee on Economic Affairs (CCEA) approved selling 51% stake in HPCL to ONGC:star:
HPCL will continue as PSU after acquisition. It will add 23.8 million tonnes of annual oil refining capacity to ONGC’s portfolio, making it third-largest refiner in the country after IOC & Reliance Industries
28. :star:AIIB Approves $150 million for India Infrastructure Fund:star:
China-led Asian Infrastructure Investment Bank (AIIB) has approved USD 150 mn equity investment loan to India Infrastructure Fund. This loan will be the bank’s first equity investment to fund private projects
29. :star:Paytm opened first ever payments bank in Ludhiana:star:
Paytm rolled out Payments Bank operations by launching first physical branch in Noida
30. :star:Amul signed MoU with ISRO:star:
GCMMF, marketer of Amul brand signed an MoU with ISRO for fodder acreage assessment using satellite observation and space technology
31. :star:BSNL signed MoU with Facebook & MobiKwik:star:
BSNL inked agreements with Facebook & MobiKwik to popularize value added services among customers
32. :star:Siemens, TCS tied up for industrial IoT services:star:
TCS & Siemens announced collaboration around Internet of Things (IoT) innovation. This will enable customers to benefit from data insights & services based on “MindSphere,” a cloud-based, open IoT operating system from Siemens
33. :star:JK Tyre tied up with Suzuki to create new opportunities:star:
After playing a pioneering role in identifying & nurturing India’s top racers for over two decades, JK Tyre wants to churn out world-class bike racers. It will introduce a two-wheeler racing series, which will give an opportunity to every aspiring biker to showcase skills & fulfil dream of becoming a champion
34. :star:World Bank cleared USD 250 million loan for Skill India mission:star:
Loan intends to make Indian youth more employable through reskilling. Adults in 15-59 years of age, underemployed or unemployed, will get skill training. The programme will benefit 15,000 trainers and 3,000 assessors
35. :star:Thales and Reliance Defence Limited JV:star:
Thales and Reliance Defence Limited announced to form JV to execute part of the offset obligations for the 36 Rafale fighter jets India has contracted from France
36. :star:TeamLease To Buy 30% Stake In Job Portal Freshersworld.com:star:
Staffing services firm TeamLease Services will acquire 30% stake in job portal Freshersworld.com at an enterprise valuation of Rs. 18 crore, to accelerate hiring strategy
Also view:
Awards News - http://www.thesmartant.club/forum/thread/806/award...
Defense News - http://www.thesmartant.club/forum/thread/808/defen...
Government & Politics News - http://www.thesmartant.club/forum/thread/809/gover...
Register and reply with a "Yes" to this post to receive daily updates on GK/Current Affairs.
Last update on March 23, 6:47 am by Rahil Choudhary.