BUSINESS


Monthly Current Affairs March 2016 “BANKING & FINANCE” key points to Remember.
Delhi Metro started cargo Services on Airport Express Line from March 1, 2016
Infosys to collaborate with Microsoft on analytics solution to offer Healthcare Analytic Solutions on Microsoft Intelligent Cloud Technology
Reliance Brands limited inked long term licensing and distribution deal with Kate Spade’s fashion to bring its fashion in Indian market
Amazon emerged as a most trusted online Brand in Indian market followed by India based Snapdeal and Flipkart
Freecharge Partnered With Mexico-Based Movie Theatre Chain Cinepolis to provide secure and easy digital payments.
Thomas cook India signed pact with Western Union Business Solutions and DCB bank to enable international trade payments by small and medium sized enterprises
Ford Motors got approval from government to set up Global Technology and business Centre in an IT/ ITES Special Economic Zone in Tamilnadu.
Reliance-Jio group has announced to offer free Wi-Fi services across 6 stadiums in the country ahead of the T-20 World cup.
=> Feroz Shah Kotla(Delhi), Eden Gardens(Kolkata), Wankhede Stadium(Mumbai), Chinnaswamy Stadium(Bengaluru), IS Bindra Stadium(Mohali) and HPCA stadium(Dharamshala)
Bajaj Power inked agreement with Indian Railways for Lalitpur- Udaipura rail section electrification project – nearly 47 crore
Tata Motors signed Tri Partite Partnership with Bharat Forge and US based General Dynamics Land Systems for Rs. 50 K crore future infantry combat Vehicle project
DIPP gave its clearance to 12 industrial licenses to Reliance Defence for manufacturing of Defence equipments in India and Overseas
Quikr launched its Quikr Doorstep service to offer its customers buying and selling in India.
Maruti Suzuki’s hatchback model Baleno – Make in India model is now launched in Japan.
=> Gov approved a new price formula for their undeveloped gas discoveries in difficult areas- USD 7 per million British thermal unit (mmBtu)
Mahindra Aerospace mulling to set up operations in Abu Dhabi
The California-based Uber services opened its first Asian engineering centre in Bengaluru
BSNL signed MoU with Tata Sky to offer video-on-demand services to their 2 crore customers across India.
Gov decided to relax procurement norms related to experience and turnover for micro, small and medium start-ups with a view to enabling these ventures to be part of its public procurement
Union Government notified maximum sale price of Bt cotton seed for 2016-17.
=> BG-I version at 635 rupees and BG-II version was fixed at 800 rupees
J P Nadda launched Project ‘Clean Street Food’ in New Delhi
=> Food vendors received Smart Skill cum Registration cards.
French based tyre maker Michelin joined hands with E-Commerce major Snapdeal to sell its products through Snapdeal.
Government banned the manufacture and sale of more than 300 combination medicines including cough syrups, and Vicks Action 500.
The metals and mining, automobile and construction materials sectors lead in sustainable business practices – Confederation of Indian Industry (CII)
Gov imposed anti-dumping duty of up to 44.7 percent on import of plastic-processing
machines from Chinese Taipei, Malaysia, the Philippines and Vietnam.
SBI tied up with Taxi Aggregator, Uber to provide instant vehicle finance to “driver partners” on the latter’s platform
Spain Major Gamesa Wind Turbines won the solar energy order from LAUGFS Power Ltd in Sri Lanka to provide solar power in Baruthankanda village in Sri Lanka.
India is the second biggest investor in London after USA
Top 25 best workplaces in Asia
=> Best workplace in the world for MNC- DHL
=> Best workplaces in the world for small & medium industry- Salesforce
=> Best workplace in the large industry- Atlassian
WHO suspended the approval of tuberculosis (TB) drugs made by India’s Svizera Labs,Mumbai, Maharashtra
Taxi app Ola launched its new service called ‘Micro’ to overtake its rival Uber in terms of a number of rides in a month’s time.
Paytm ties up with PVR cinemas to sell Movie tickets through the Paytm platform.
Cisco Systems to invest $100 million over the next 18 to 24 months in India and to train over 250,000 students by 2020.
=> Sachin Tendulkar became a shareholder and brand ambassador of Smartron.
India has overtaken China in terms of direct equity allocation by US investors.
Microsoft shut its artificial intelligence robot Chat program Tay.
Ola Cabs tied up with Bajaj Allianz General Insurance to provide motor insurance to its drivers – accident cover of Rs 2 lakh.
The first direct container MV Harbour-1 Vessel between India and Bangladesh carrying cotton was flagged off from Krishnapatnam of Andhra Pradesh to Chittagong.
Tata Power SED and Cranfield University signed an agreement to explore possibility of entering into a strategic partnership through research and development (R&D).
FreeCharge and Snapdeal partnered with a payment gateway CCAvenue to strengthen its offline
offerings.
Reliance Defence entered into a deal with Israel based Rafael Defence to manufacture air to air missile systems, air defence and observatory balloons – $ 10 billion
Gujarat and Maharashtra contribute nearly 46% of the Indian exports occupying the topmost place – ASSOCHAM Study
=> Top 5 -Gujarat, Maharashtra, Tamil Nadu, Karnataka and Andhra Pradesh
Adanigroup Alpha Design Technologies Pvt Ltd has tied up with the Israeli company Elbit Systems for Unmanned Aircraft Systems – $10 billion
Supreme Court approved the central government’s guidelines to protect Good Samaritans Given by bench comprising justices Gopala Gowda and Arun Mishra