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IDFC Bank to be renamed as IDFC First Bank

Oct 26, 2018
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.

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Instagram co-founders Kevin Systrom and Mike Krieger resign

Sep 25, 2018
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.

High-Level Committee recommends completion of stalled housing projects in Noida, Greater Noida

Sep 24, 2018
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.

Vodafone Idea Board approves merger with Aditya Birla Telecom

Sep 18, 2018
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.

Alibaba founder Jack Ma to step down in 2019, company CEO named his successor

Sep 10, 2018
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.

Vodafone-Idea merger completed; creating India’s largest telecom service provider

Sep 3, 2018
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.

HRD Ministry launches third edition of ‘Smart India Hackathon’

Aug 30, 2018
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.

NITI Aayog launches ‘Pitch to MOVE’ for startups

Aug 14, 2018
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.

Indra Nooyi to step down as Pepsico CEO

Aug 7, 2018
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.

Union Cabinet approves acquisition of IDBI Bank’s controlling stake by LIC

Aug 2, 2018
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.

Vodafone-Idea merger gets final Government approval

Jul 26, 2018
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.

LIC board approves acquisition of up to 51 per cent stake in IDBI Bank

Jul 16, 2018
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.

Government constitutes 10-member committee to review offences under Companies Act, 2013

Jul 16, 2018
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.

BSNL launches India’s first internet telephony service ‘Wings’

Jul 13, 2018
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.

PM Modi inaugurates world's largest mobile factory in Noida, UP

Jul 10, 2018
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.

NCLT upholds Tata Sons' 2016 move sacking Cyrus Mistry as Chairman

Jul 9, 2018
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.

HDFC Bank gets Cabinet nod to raise Rs 24000 crore as FDI

Jun 14, 2018
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.

Facebook ties-up with National Women Commission to launch digital literacy programme

Jun 1, 2018
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.

Microsoft becomes third most valuable firm globally

May 30, 2018
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.

Explained: Shut down of Sterlite Copper plant

May 29, 2018
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.