[PIN-Feb-Mar] Part5: Business GK- Banking, Finance, IT-Electronics, Automobile, FMGC & Pharmaceuticals

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  1. Biz.Rankings/Awards
  2. Banking and Finance
  3. IT/Electronics
  4. Automobile/Aviation/Energy
  5. FMGC (fast moving consumer goods)
  6. Medical / pharmaceutical

This is the compilation of business GK / corporate affairs development during February and March 2015. Utility: mainly for job interviews (depending on your work experience and graduation background) and certain MBA/college entrance exams.

Biz.Rankings/Awards

Forbes
wealthiest
people
1. Dilip Shanghvi (Sun Pharmaceutical)-world rank 372.Mukesh Ambani- World ranks 43

3.Azim Premji-World Rank 48

Asia’s
Power
Businesswomen
2015
Six Indian women in this list:

  1. Akhila Srinivasan, Shriram Life Insurance Company Ltd
  2. Arundhati Bhattacharya, CMD State Bank of India
  3. Chanda Kochhar, MD/CEO of ICICI Bank.
  4. Kiran Mazumdar-Shaw, Biocon founder.
  5. Shikha Sharma, MD/CEO of Axis Bank
  6. Usha Sangwan, MD of LIC of India

Business GK Asian powerful women Forbes

Banking and Finance

Ajay Banga
  • Chief of Mastercard, Obama appointed him in the advisory Committee for trade policy.
Andhra Bank Will issue preferential shares to Government, worth 120 crores.
Bank of Maharashtra
  • launched its new mobile banking app — MahaMobile, which will enable the bank’s customers to view all their deposit and loan accounts, do fund transfers, bill payments and raise a variety of service requests on their mobile anytime, anywhere.
Bogus banks Moody downgrades rating of Central Bank of India and Indian Overseas Bank because they won’t get much capitalization support from union Government
Crisil Ms. Ashu Suyash to be new MD/CEO.
Deloitte Four top auditing firms of the world:  PwC, KPMG, EY and Deloitte. Deloitte has appointed India-born Punit Renjen as gobal CEO
 India Cements Total 97054  Shareholders of India Cements will get free shares of Chennai Super Kings Cricket Ltd.  , proportion to the shares they currently hold in the cement company.
Indian Overseas Bank Will issue Rs.1000 crore bonds to augment additional Tier-I capital under Basel -III.
Quality 30 It is Index launched by NSE. It reflects performance of stocks of top 30 quality companies from100 large and liquid companies listed on the NSE.
Reliance Industries Ltd Will issue 30 years oversea bonds worth $750 million to finance its capital Expenditure.
SAHARA
  • SEBI cancels it’s license as a portfolio / Assess management company.
  • Its deal with Mirach capital (US) couldnot materialize, hence some legal controversy.
Tata Capital launched Flexi EMI loans with a choice of customising repayment options, as per the borrowers’ convenience
Willis Group World’s third Largest England based  insurance brokerage company pick up 49 per cent stake in New Delhi-based Almondz Insurance Broker. It is the first foreign company to do so after the Insurance Ordinance was issued in December which  allows  49% FDI.
Yes Bank Will issue green infrastructure bond worth Rs.500 crores with green shoe option.

IT/Electronics

Alibaba
  • Wanted to buy stakes in Snapdeal but the deal could not workout difference over valuation of Snapdeal company.
  • Will invest 25% in paytm, to enter India.
Apple Inc.
  • Created a Special unit “Titan” to assemble electric car by 2020.
  • Launched apple smart watch
  • Will increase price of iphones by 2500 due to new budget raising excise duty on imported phones
  • Launched apple smart watch
  • CEO Tim Cook: will donate his ~$ 785 million wealth as charity. Only a small portion will be kept aside for education of his young nephew.
  • The first U.S.  company to be worth more than $700 billion based on the value of its stock.
BigTree Entertainment It is owner of online entertainment ticketing portal BookMyShow  bought a majority stake in Bengaluru based Eventifier.
Canalys Announced  Micromax had overtaken Samsung on Shipment data. Which leads to tussle between them.
eBay planning to cut 2,400 jobs or 7 per cent of its workforce across the globe.
Ericsson Undergo conflict with  apple for patent infringement.
Facebook
  • Bought online shopping search engine TheFind.com.
  • Will give user more options to decide what happens to users’ accounts after they die
Flipkart Co. is going to  sales worth $8-billion in the current year.
Haryana Launches  “Digital Saksharta Abhiyaan” – Information Technology Mass Literacy Scheme  to achieve the goal of ‘Digital Haryana and keep pace with rapidly evolving technologies.
HCL Its philanthropic arm of Shiv Nadar foundation sold all its shares in market for >1000 crore rupee. Money will be used for Promotion of education and art.
Hewlett-Packard Bought wifi network marker Aruba for ~3 billion.
Infosys
  • will acquire Panaya- U.S.-based automation technology company.
  • Faces 3.5 lakh rupees fine by BESCOM (Bengaluru Electricity Supply Company) for failing to meet the deadline for their software development.
iPhone  Business Worth more than Google and Microsoft combined.
Lifesize  Launching two new products — Lifesize Icon 400 and Lifesize Icon Flex — for India targeting small and medium businesses (SMBs) in Video conferencing Solution.
LoopPay Samsung Electronics Co has bought U.S. mobile wallet “Loopay” to launch a smartphone payments service to compete with a recent offering from rival Apple Inc.
Magzter A Digital magazine store with monthly subscription package. For Rs. 499, you can access ~2000 magazines.
Microsoft
  • To stay in competition for budget mobiles, they launched Lumia 640 and 640 XL priced ~9 to 11k.
  • Give free Windows 10 OS upgrade to all legit and pirated version of previous OS- in China
Nasscom Announced winners of its ‘Social Innovation Forum. In a move to reward those involved in social innovation.
Netflix The first company to enter Cuba’s digital entertainment industry. There are only 53 broadband internet accounts in Cuba.
Qualcomm This U.S. mobile chip maker Co. It had agreed to pay a hefty fine to China on patent issue.
Rocket internet Bought 52% ownership of foodpanda.com, for ~650+ crores rupees
Samsung
  • Launched Galaxy S6 and S6 Edge in South Korea. They take less time to charge compared to iphone 6.
  • The edge version has a curved screen on sides. It can show time and weather info. without needing to turn on the screen.
Sang Fei Communication  owns and manufacturer Philips mobile phones, is Planning to expand Indian smartphone market.
Snapdeal
  • It acquires majority stake in Rupee Power which  offers a digital distribution platform for loans, credit cards and other personal finance products.
  • Plans to acquire logistics company Gjojavas. It already serves Jabong, Yepme and other e-commerce sites.
  • buys fashion portal Exclusively.com to more develop e-commerce service.
Software developers
  • Revenues from paid apps are estimated to exceed Rs.1,500 crore in 2015,
  • India is expected to have the largest number of software developers by 2017.
  • It has around 300,000 app developers, and is already the second largest Android developer community in the world after the U.S
Star India Will acquire the home-grown Telugu channel MAA TV.
 Videocon
  • Being Consumer electronics major ,unveiled a range of Wi-Fi enabled Acs.
  • Discovers oil off Brazil coast with partnership with BPCL
Yale University points out that corruption and lower enforcement reduces adoption of productivity-enhancing technology among retailers in India.

Automobile/Aviation/Energy

Aditya Birla Due to Heavy losses, he shut down urea plant in Uttar Pradesh.
Amitabh Bachchan Has increased his shareholding in fineotex chemicals.
Anil Ambani his Reliance Infrastructure Ltd.  has acquired Pipavav Defence and Offshore Engineering Company Ltd. This signals he wants to enter defense production business.
Britain begun testing driverless cars in four cities.
Cab companies
  • 2011: TaxiForSure was founded by Aprameya Radhakrishna and Raghunandan G. they work with cab operators.
  • 2015: Ola Cabs founder Bhavish Aggarwal acquired Taxiforsure (TFS) for $200 million. Ola works with driver entrepreneurs.
  • Other rivals: Uber (usa) and Meru (India)
  • Lunched  “Ola Cafe”- to start food ordering and delivery service in selected Indian cities.
Haryana decided to enter into a partnership with Indian Railways for speedy implementation of at least eight rail projects. Name of project is  – ‘H-RIDE’
Hero Motors Appointment of New CEO Takahiro Hachigo.
Indian Oil Corporation Starts  five-kg cylinders through retail outlets.
Maruti Suzuki Focusing on cars with auto gear shift (AGS) technology.
Rasna Pvt set up a Rs.100crore greenfield project at Chittoor in Seemandhra, and increase production capacities of its plants in Dehradun and Gujarat, as part of its expansion programme.
SpiceJet launched a sale of four lakh low fare tickets including one lakh at Rs.599.
Tata Motors offered VRS to employees given heavy losses in commercial vehicle sector.
Tata Power Plans to develop 450 MW clean power through hydel.  This year, the company will commission 120 MW hydro power capacity to mark 100 year celebrations.  First hydro unit of 12 MW on February  at Khopoli, Maharastra .

FMGC (fast moving consumer goods)

Cafe Coffee Day Aims to launch 1$ billion IPO
Grasim Industries launched its subsidiary Birla Cellulose’s first fabric brand ‘Liva’
Kraft Heinz Company
  • Will be the fifth largest food and beverage (F&B) company in the world. I
  • This company was setup after merger of Ketchup maker H J Heinz Company and Kraft Foods Group Inc.
Make in India U.S., the world’s largest market for Gems and jeweler to set up manufacturing hubs in India to promote make in India Programme.
Zomato CEO Deepinder Goyal launched new service to allow customers to order food directly from zomato site/app.

Medical / pharmaceutical

Cipla Launched generic drug Sofosbuvir for tchronic Hepatitis C.  The Brand name of medicine  ‘Hepcvir’
Cipla Won $188.95 million tender of Global Fund ARV (anti-retroviral).
Glenmark Pharmaceuticals The Delhi High Court stayed its anti-diabetes drugs Zita and Zita-Met, because they’ve infringed the patent of Merck Sharp and Dohme (MSD, an American company)
ITC Purchased ‘Savlon’ and ‘Shower-to-Shower’ trademarks from Johnson and Johnson.
Pfizer
  • Bought Hospira Inc for about $15 billion to boost its portfolio of generic injectable drugs and bio similar, or copies of biotech drugs.
Phaneesh Murthy he is launching a new healthcare venture PM Health & Life Care Pvt Ltd (PMHLC). This online marketplace will connect chemists and druggists with consumers.
Sun Pharmaceutical Industries
  • BSE has delisted from various indices of BSE, after Ranbaxy merged with Sun Pharma
  • U.S. regulator sets terms to clear Sun’s acquisition of Ranbaxy
  • Agreed to buy 23% stakes in debt-ridden Suzlon Energy for Rs.1,800 crore.

Visit Mrunal.org/PIN for Persons in news, books-authors, awards and sports related current affairs for IBPS, SSC, CDS, CAPF, ACIO and state service exams.

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5 Comments on “[PIN-Feb-Mar] Part5: Business GK- Banking, Finance, IT-Electronics, Automobile, FMGC & Pharmaceuticals”

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