BUSINESS AND ECONOMY


Monthly Current Affairs June 2016 “BUSINESS AND ECONOMY” key points to Remember.
Mahindra inks brand licence agreement with Pininfarina
Asia’s largest tech trade show COMPUTEX kicks off in Taipei
Direct Tax Dispute Resolution Scheme 2016 comes into force
TRAI launches mobile app for subscribers to register complaints against pesky calls, SMSes
India’s growth to remain ‘strong’;to hover around 7.5%: OECD
Salesforce buys Demandware for $2.8 billion
Johnson & Johnson to buy Vogue International for about $3.3 billion
TERI signs MoU with IKSL
HDFC Ergo buys L&T General Insurance for Rs 551 crore
Flipkart launches its own eSports tournament
Tata Trusts, MP government join hands to work in healthcare
Jubilant gets USFDA nod for epilepsy injection
ATM-based validation of tax returns activated
India suggests EU to resume stalled FTA negotiations
IMF approves $1.5 Billlion Loan for Sri Lanka
Seco Tools India inaugurates new plant near Pune
India ranked 2nd on GRD index on ease of doing business
Airbus unveils world’s 1st 3D-printed aircraft
Fashion marketplace Voonik acquires 3 startups
Sumitomo to acquire 45% stake in Excel Crop Care
JV of L&T wins contract to develop Qatar stadium
Walmart retains top position in Fortune 500 list
India gets first F.R.I.E.N.D.S theme cafe in Kolkata
Government procures 1.11 lakh tonne of pulses to cool retail prices
India, ADB sign $120 miilion loan pact for irrigation in Odisha
Amazon to increase investment India to $5 billion
Modi-Obama talks: India, US ink eight agreements
India, US set up 2 clean energy financial support Programmes for $60 million
World Bank cuts 2016 global growth forecast to 2.4%
Datsun launches hatchback redi-GO with prices starting at Rs. 2.49 lakh
India ranked 141 on Global Peace Index
Google, Tata Trusts launch `Internet Sathi’ in West Bengal to empower rural women
IIIT-B, IIMB sign pact to offer tech, management expertise to start-ups
Granules India arm inks pact with US Pharma Windlas
Crude oil futures surge to Rs. 3,432 per barrel
US Company, 8minutenergy, to build 4 GW of solar capacity in India
Paytm to use Infosys Finacle for payments bank
TI Cycles opens 105-crore unit in Punjab
SBI ties up with Jain Farm to extend loans to farmers associated with co
Factory output slips into -ve zone; shrinks 0.8%
180% rise in tourist arrivals on e-visa in May
Fortis subsidiary fined Rs.500 cr on land dispute
Textile exports fall $7.5B short of FY16 target
TVS invests $11 million in three startups
Apple creates new company to sell solar energy
Ratan Tata invests in e-ticketing site Kyazoonga
‘Gujarat Connecting India to World’ to be the theme of ‘Vibrant Gujarat 2017’
FCI inks pact with Adani Group
Bain chief Bechek highest-rated CEO: Glassdoor
Tata Power acquires Welspun’s renewable energy assets
Bitcoin price surges to two-year high
SKS changes name to Bharat Financial Inclusion
Jet Airways to launch Hyderabad-Sharjah flight in August
Government eyeing to sell Nokia plant to Foxconn
Sony launches Hindi movie channel
Uber offers choppers in Brazil to escape traffic
Airtel, Singtel partner for global data business
Jaguar Land Rover (JLR)opens first facility outside UK in Brazil
ESIC to provide free health checkup to subscribers
Blackberry partners HCL for selling software
Revlon acquires Elizabeth Arden in $870 million deal
Tata, Uber tie up for solutions to cab drivers
Max Life, Max Financial to merge with HDFC Life
CBDT to soon launch e-nivaran for speedy grievance redressal
Microsoft & AICTE signed agreement to build app for HRD ministry’s SWAYAM platformIndia sees highest-ever tea production in FY16
Women bikers tour to promote women empowerment
India ranks 4th in hacked server list: Kaspersky
Maharaja Express to be introduced in south India
India most open economy in world for FDI
Government to set up ETF to meet disinvestment target
Tata-Boeing joint venture establishes aerospace facility in Hyderabad
Flipkart named India’s most sought-after company
Apple named world’s most sought-after company
Government extends date for reporting accounts details under Foreign Account Tax Compliance Act (FATCA)
Tech Mahindra Ltd acquires UK-based BIO Agency Ltd
Mercer’s Cost of Living Survey 2016 released; Mumbai costliest in India
Moody’s lowers UK’s credit rating to “negative”
Lending agency AIIB approves 1st batch of loans
4 Chinese companies in top 5 VC fundings in 2016
JSW gets green nod for ₹35k Crore Jharkhand plant
BHEL commissions two hydel units in Afghanistan
Tata, Starbucks launch new joint initiatives
Coca Cola to set up plant in Uttarakhand
GAAR not to apply on income before April 1, 2017
IPL brand valuation rises to $4.16 billion: D&P
Coastal shipping of goods to save Rs.40k cr per year
IFC, Wadhawan Global Capital to invest Rs 60 crore in Aadhar Housing Finance
BSNL to expand its network in Chhattisgarh
ITC to invest Rs 4,000 cr to set up to 9 plants
Ola to invest Rs 350 crore in Haryana over 5 years
Indiabulls Housing Finance to raise Rs. 300 cr via NCDs
RCom to provide 4G on Reliance Jio network at Rs 93 per 10 GB
Power sector sees $1.6 bn deals in Jan-May: EY
Sistema to buy Russia’s stake in Indian subsidiary
Amazon launches two data centres in India
Paytm ties up with Suzuki Motorcycle for easy booking of two-wheeler models
India up 19 ranks in World Bank logistics report
Quality analysis: CIMFR, power developers, coal miners ink MoU
EPFO aims to cover all workers under provident fund, pension by 2030
EESL Signs MoU with TERI
Amul signs up as official sponsor of Indian team to the Olympics
Standard Chartered Rolls out ‘Touch ID’, a Fingerprint Verification System
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