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  • IDFC Bank to be renamed as IDFC First Bank

    The proposal now needs the approval of the Reserve Bank of India (RBI). It would further require the approvals of statutory or regulatory authorities including the Registrar of Companies, Shareholders and other Stakeholders.

    Oct 26, 2018
  • Alibaba founder Jack Ma to step down in 2019, company CEO named his successor

    Alibaba’s Jack Ma has announced that he would be stepping down as the head of the Chinese e-commerce giant in September 2019. He named the company CEO Daniel Zhang as his successor and said that he will work closely with him for the next 12 months to ensure a smooth transition of the chairmanship.

    Sep 10, 2018
  • HRD Ministry launches third edition of ‘Smart India Hackathon’

    The third edition of world’s biggest open innovation model ‘Smart India Hackathon 2019’ was launched by the Union Minister for Human Resource Development, Prakash Javadekar in New Delhi. The SIH-2019 is expected to witness participation from over 1 lakh students from around 3000 institutions across the country.

    Aug 30, 2018
  • NITI Aayog launches ‘Pitch to MOVE’ for startups

    NITI Aayog has launched ‘Pitch to MOVE’, a mobility pitch competition that aims to provide budding entrepreneurs of India with a unique opportunity to pitch their business ideas to a distinguished jury. The competition would enable startups working in the various fields of mobility to pitch their ideas to industry leaders and venture capitalists for raising investments.

    Aug 14, 2018
  • Indra Nooyi to step down as Pepsico CEO

    Pepsico CEO Indra Nooyi will step down from her position in October, after helming the post for the last 12 years. She will, however, continue to serve as the Chairman of the company till early 2019. Pepsico veteran, Ramon Laguarta will succeed Nooyi as the new CEO of the company.

    Aug 7, 2018
  • Government constitutes 10-member committee to review offences under Companies Act, 2013

    The Ministry of Corporate Affairs (MCA) has constituted a 10 Member Committee to review the penal provisions in the Companies Act, 2013. The committee will be required to examine the nature of all ‘acts’ categorised as compoundable offences and recommend if any of such ‘acts’ may be re-categorised as ‘acts’, which attract civil liabilities where the company and its ‘officers in default’ are liable for a penalty.

    Jul 16, 2018
  • BSNL launches India’s first internet telephony service ‘Wings’

    The app will be linked to a mobile number that will be issued by BSNL and it is not mandatory for Wings app user to apply for company’s mobile and landline connection separately.

    Jul 13, 2018
  • PM Modi inaugurates world's largest mobile factory in Noida, UP

    Samsung has launched the world's largest mobile factory in Noida, India. The factory was officially inaugurated by Prime Minister Narendra Modi and visiting South Korean President on July 9, 2018.

    Jul 10, 2018
  • NCLT upholds Tata Sons' 2016 move sacking Cyrus Mistry as Chairman

    The petitioners, Cyrus Investments Pvt Ltd and Sterling Investments Group of the Shapoorji Pallonji Group had filed the plea against the Tata Sons directors and trustees of Tata Trusts, alleging abuse of articles of association by outsiders, breakdown of governance and loss of ethical values.

    Jul 9, 2018
  • HDFC Bank gets Cabinet nod to raise Rs 24000 crore as FDI

    HDFC, the second largest private bank had earlier sought approval for maintaining the permissible FDI or foreign holding in the bank up to 74% of its total paid-up capital, out of which the FII (foreign institutional investors) sub-limit would be 49 percent and the balance 25 percent would be FDI.

    Jun 14, 2018
  • Facebook ties-up with National Women Commission to launch digital literacy programme

    As part of the digital literacy programme, awareness training will be conducted for 60000 women in universities across major cities in Haryana, Delhi-NCR, Manipur, Sikkim, Meghalaya, Maharashtra, and Tamil Nadu over a one-year period.

    Jun 1, 2018
  • Microsoft becomes third most valuable firm globally

    Technology giant Microsoft has surpassed Google’s parent company Alphabet in market capitalisation for the first time in three years, becoming the third most valuable firm globally after Apple and Amazon. In its third quarter that ended on March 31, Microsoft posted revenue of $26.8 billion and net income of $7.4 billion.

    May 30, 2018
  • Explained: Shut down of Sterlite Copper plant

    The Tamil Nadu government has ordered for the permanent closure of the controversial Sterlite Copper factory in Tuticorin, which was the centre of violent protests last week that led to the killing of 13 people and left around 100 wounded.

    May 29, 2018
  • Flipkart co-founder Sachin Bansal quits after Walmart deal

    Flipkart co-founder Sachin Bansal has announced his exit from the company, hours after the news of American retailer Walmart acquiring Flipkart broke in the nation. Bansal’s decision comes after Walmart’s condition that it could accommodate only one of the Flipkart founders in the board.

    May 11, 2018
  • Walmart buys 77 percent stake in Flipkart: Here are Top 10 takeaways

    Walmart’s investment will benefit India in terms of quality and affordable goods for customers, creation of new skilled jobs and fresh opportunities for small suppliers, farmers and women entrepreneurs.

    May 10, 2018