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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
  • Instagram co-founders Kevin Systrom and Mike Krieger resign

    Social network giant Facebook acquired Instagram in 2012 for USD 1 billion, when the photo-sharing site was used by around 30 million people. Since then, Instagram's reach has advanced with more than one billion users and has been widely considered as one of Facebook's most successful acquisitions.

    Sep 25, 2018
  • High-Level Committee recommends completion of stalled housing projects in Noida, Greater Noida

    A high-level committee of the Uttar Pradesh Government has come out with recommendations that are aimed at providing a solution to the completion of homes in the stalled projects of Noida, Greater Noida and Yamuna Expressway.

    Sep 24, 2018
  • Vodafone Idea Board approves merger with Aditya Birla Telecom

    The amalgamation will give management control to Vodafone Idea to run businesses of the subsidiaries, strengthen its financial position and raise resources against the assets owned by ABTL such as investments in mutual funds, Indus Towers stake including monetisation of such assets.

    Sep 18, 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
  • Vodafone-Idea merger completed; creating India’s largest telecom service provider

    The New Board of Directors comprises 12 Directors including six Independent Directors. Kumar Mangalam Birla is the Chairman.The Board appointed Balesh Sharma as the CEO of the Vodafone Idea Limited.

    Sep 3, 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
  • Union Cabinet approves acquisition of IDBI Bank’s controlling stake by LIC

    The IDBI bank will get an opportunity to tap 11 lakh LIC agents for doorstep banking services, positioning it to improve customer services and deepen financial inclusion.

    Aug 2, 2018
  • Vodafone-Idea merger gets final Government approval

    The merged identity will be known as ‘Vodafone Idea’ that will create India's largest mobile-phone company. Kumar Mangalam Birla, Chairman of Aditya Birla Group, will be the Non-Executive Chairman of Vodafone Idea while Balesh Sharma, Chief Operating Officer of Vodafone India, will be the CEO.

    Jul 26, 2018
  • LIC board approves acquisition of up to 51 per cent stake in IDBI Bank

    The Life Insurance Corporation of India's (LIC's) board has approved acquiring up to 51 per cent stake in state-run IDBI Bank. Till end of June 2018, LIC owned about 8 per cent of IDBI Bank, while the federal government owned 86 per cent.

    Jul 16, 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