Ban on Maggi in India hurts Nestle: Global net dips 2.5%
Swiss FMCG major Nestle reported 2.5% decline in its consolidated net profit at 4.51 billion Swiss francs for the first half of 2015 reportedly due to the ban on Maggy in India.
Business
Google launched its parent company ‘Alphabet Inc’
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.
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.
BSNL’s share in mobile market comes down to single digit
According to the statistics released by TRAI (Telecom Regulatory Authority of India), BSNL’s share in the mobile phone market came down to 8.6% in 2014 from 11.6% in 2012.
Royal Enfield crosses Harley Davidson in global sales
In a surprising report it is revealed that Chennai-based Royal Enfield crossed the global motorcycle brand Harley Davidson in global sales. Royal Enfield sold over 3 lakh bikes in 2014 which is quite greater than Harley’s global sales of 2.67 lack bikes.
Apple marks a record by making $18 billion quarterly profit
At the end of December 2014, Apple has $18 billion quarterly profit- the highest ever profit recorded by a corporate organisation.
TCS crosses RIL as a most profitable company
By overtaking the Reliance Industries Ltd, Tata Consultancy Services (TCS) recorded a net profit of Rs 5,328 crore for the quarter which ended December. By ending this run of RIL, TCS has become the first IT company that has topped the profit charge.