BUSINESS NEWS


Monthly Current Affairs July 2016 “BUSINESS NEWS” key points to Remember.
CBDT Notifies Rules For Foreign Tax Credit, FMV
Model Shops And Establishment Act Is Progressive And Employment Booster: FICCI
Air India paid Rs.3cr compensation in 5 months: DGCA
P-Note investments rise to Rs. 2.15 lakh crore in May
Prasar Bharati to clear dues over Rs 156 crore to producers, including Ramesh Sippy and Balaji Telefilms
MEA, MSDE sign pact to skill Indians seeking overseas jobs
New FDI rules: Liberty Videocon Gen Insurance to get Rs 310 cr
India’s pharma industry expected to grow to $55 bn by 2020
Alibaba launches system to remove fake products
India’s rank falls to 75 on money in Swiss banks
Alibaba launches system to remove fake products
Logistic Performance Index 2016 released by World Bank
Hero MotoCorp inked 3-year wage agreement with Gurgaon workers
Online pharmacy 1mg acquires lab aggregator Medd
Aditya Birla Fashion acquires global clothing brand Forever 21
TRAI launches app to track mobile data speed
India ranks 91 in Networked Readiness Index 2016
Avast acquires antivirus maker AVG for $1.3 bn
India tops air passenger growth globally in 2015
Royal Enfield to hold 1st women Himalayan Odyssey
Google buys image recognition startup Moodstocks
Zydus, Medicines Patent Pool inks agreement for Bristol-Myers Squibb’s daclatasvir tablets
5 Indian hotels in World’s 100 Best Hotels list
Indonesia’s Nihiwatu voted World’s Best Hotel
India’s 1st crowdfunded electric bike unveiled
IMF cuts Eurozone growth forecast post ‘Brexit’
Airtel-Aircel 4G spectrum deal cleared
eBay acquires predictive analytics startup
Myntra acquihires Bengaluru-based Cubeit
Ibibo buys majority stake in Peru-based Busportal
Paytm offers loans to auto drivers, kirana shops
Qualcomm unveils its fastest mobile processor
T-Hub ties up with Israel’s Pears Foundation to hold bi-nation Med4Dev hackathon
Dewan Housing launches corporate deposit scheme
Mahindra Aerostructures bags supply contract from Airbus
Talgo becomes India’s fastest train at 180 km/hr
Quikr launches on-demand beauty service
Excise duty norms on gold jewellery relaxed
TRAI releases paper on public WiFi networks
Tata, US-based Bell ink pact to make helicopters
ShopClues acquires mobile payments startup Momoe
Mastercard changes logo for 1st time in 20 years
3.1 tonnes gold mobilised under monetisation scheme
Tata Advanced Systems signs deal with Bell Helicopter
Travel Boutique Online partners with Fxkart.com
Terrapin 3 Acquisition Corporation acquires Yatra Online for $218 mn
ADB cuts developing Asia’s 2016 growth forecast
Softbank to acquire ARM Holdings for $32 billion
MoS for Textile Ajay Tamta inaugurates India International Garment Fair 
JSW Energy to buy Jaiprakash Power’s Bina unit for Rs 2,700 crore
Dabur signs MoU with DRDO to promote cultivation of rare medicinal plants
IMF cuts India’s growth forecast by 0.1% 
Oberoi Hotels voted World’s Best Hotel Brand
Myntra to acquire Hrithik’s clothing brand HRX
China top country in iOS games revenue
World’s smallest motorcycle weighs 1.1 kg
Golfer introduces world’s 1st golf cart jetpack
Mumbai 2nd cheapest for travellers: TripAdvisor
FSSAI sets draft guidelines for instant noodles
Walmart tops Fortune Global 500 list
Seven Indian firms on Fortune 500 list; Rajesh Exports replaces ONGC
NHAI awards Rs 533 crore contract in Rajasthan
Ford Motor Company setting up R&D Centre in Tamil Nadu
Apple named the world’s favourite company
L’Oreal agrees to acquire IT Cosmetics for $1.2B
14 PSU banks post losses in last financial year
Government says DBT scheme saves Rs 21K cr in LPG subsidy in 2 years
HDFC Ltd looks to raise Rs 2,000 crore via NCDs
Government asks RBI to provide low interest-rate loans to EXIM Bank
Walmart is world’s biggest private employer
Verizon to announce $5 billion deal to buy Yahoo
Thomas Cook India inks pact with Matrimony Bazaar
Tata AIG launches travel insurance for Axis Bank customers
Hinduja National Power commissions 1,040 MW thermal power project in Visakhapatnam
Vodafone M-Pesa ties up with Punjab power utility
Flipkart pips Snapdeal and Future Group, acquires Jabong
LeEco acquires US TV company VIZIO’s businesses for $2 bn
Niti Aayog panel recommends replacing MCI with National Medical Commission
TCS, Infosys in Forbes India ‘Super 50’ list; Tata Motors, HUL dropped
PM Modi to hold meeting with Niti Aayog on 15-year vision document
ADB raises Rs.500 crore in rupee-linked bonds
RBI slaps Rs 27-crore penalty on 13 banks for FEMA violations
eBay India claims higher product listings than Amazon India
A10 Acquires Appcito, Makes Move into the Cloud
OKI Completes Installations of 600 Cash Recycling ATMs for State Bank of India
BPCL buys 21% stake in PE-backed FINO PayTech for $37.6 mn
BRICS Employment Working Group to meet on 27-28 July,2016 in Hyderabad 
A collection under Sovereign Gold Bond Scheme reaches a new high