Search engine giant Google Inc on 10 August 2024 launched a new parent company called Alphabet Inc to separate its highly profitable search and advertising business.
iPhone-maker Foxconn decided to invest $5bn to ‘Make in Maharashtra’
Taiwan’s Foxconn, the world’s largest contract electronics manufacturer and a key supplier to Apple Inc, on 7 August signed a pact with the Government of Maharashtra to invest $5 billion over five years in a semiconductor manufacturing facility.
India to produce a dozen billionaires among start-ups by 2020: ASSOCHAM
ASSOCHAM (Associated Chamber of Commerce Industries) Study on Start-Ups released on 2 August 2024 pointed out that India is expected to produce at least a score of billionaires and many times millionaires among the start-ups in the next five years.
RBI to issue 10 rupees coins to commemorate International Day of Yoga
The Reserve Bank of India has decided to put into circulation 10 rupees coins to commemorate the International Day of Yoga. The coins have been minted by the Government of India.
Union Cabinet approved Rajya Sabha panel’s amendments on GST Bill, 2014
The Union Cabinet on 29 July 2024 approved amendments proposed by Rajya Sabha Select Committee on Goods and Services Tax (GST) Constitution Amendment Bill, 2014.
BNP acquires Sharekhan for Rs. 2.2k cr
European banking major BNP Paribas will buy domestic online retail broking major Sharekhan for an undisclosed sum of money, although market players said the allcash deal was valued at about Rs 2,200 crore.
FB now used by half of the world’s online population
Facebook has claimed that the number of people who use the social networking site at least once in a month grew 13% to 1.49 billion in the three months to the end of June this year.
Penalty of 420 crore rupees imposed on Hyundai by CCI
The Competition Commission of India (CCI) imposed a penalty of 420.26 crore rupees on Hyundai Motors India Ltd (Hyundai). Hyundai is one the three car companies which were found to be guilty of involving in anti-competitive practices in contravention of the Competition Act, 2002. The other two companies are Mahindra Reva Electric Car Company (P) Ltd and Premier Ltd.
WTO members sealed a deal to cut tariffs on $1 trillion worth IT products
World Trade Organization (WTO) members struck a deal to add more than 200 products to the list of goods covered by zero-tariff and duty-free trade. This decision will give a major boost to producers of goods ranging from video games to medical equipment.
Forbes Asia’s Fabulous 50 List of the year 2015 released
The Forbes Asia’s Fabulous 50 list of the year 2015 was released on 22 July 2015. The Fab 50 list is an annual honor roll highlighting some of the brightest stars in the Asia Pacific. The companies from China dominate this year’s list that depicts the region’s best big publicly traded companies.