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Current Affairs on Companies

Current affairs on 16 February 2017

India’s Newest Airline- Zoom Air launched
  1. Zoom Air, India’s newest full-service airline is all set to commence commercial operations with a flight to Durgapur via Kolkata from New Delhi.
  2. Zoom Air headquartered in Gurgaon was founded in April 2013 and begin operations in India using a Bombardier CRJ200.

Current affairs on 14 February 2017

Hindustan Motors sold its iconic Ambassador brand
  1. Owned by the CK Birla Group, Hindustan Ambassador was manufactured at Uttarpara on the outskirts of Kolkata, sold its iconic Ambassador brand of cars to Peugeot SA a French automobile entity, as announced on 11 February 2017.
  2. Manufactured from 1958 to 2014, it was the longest produced auto brand has been sold to French automaker Peugeot SA for Rs. 80 crore. Peugeot has also signed an agreement with the CK Birla group for re-entering the Indian auto market with a plant in Tamil Nadu.
  3. In 1958, when the Ambassador, based on Britain’s Morris Oxford, started being manufactured in India, it was the emblem of high social standing. It was also seen as the symbol of a young independent India’s economic freedom from British colonialism.
Posted on: 14th February 2017 Read complete Article →
Vivanta and Gateway brought down under Tata group brand
  1. Tata Group firm Indian Hotels Company Ltd (IHCL) will bring two of its hotel brands ‘Vivanta’ and ‘Gateway’ under the ‘Taj’ brand as announced by the company on 9 February 2017
  2. Both these brands have ‘existed for almost a decade. While Gateway was launched in 2008, Vivanta was introduced in 2010.

Current affairs on 10 February 2017

Tesla to launch in India
  1. Palo Alto, California. based Tesla is all set to make its debut in India this summer.
  2. The Tesla Model 3 is an all-electric four-door compact luxury sedan and is valued at $35000.
  3. Musk also mentioned that Tesla plan to set up a pan-India supercharger network.
     
Posted on: 10th February 2017 Read complete Article →

Current affairs on 08 February 2017

Samsung Pay’ in India
  1. The technology giant Samsung is soon going to launch its mobile payment wallet ‘Samsung Pay’ in India. The launch is expected to happen in the first half of 2017.
  2. Samsung has previously partnered with these companies for its e-payment solutions in other regions such as with Amex in countries including the United States, Australia and South Korea.
  3. This feature will allow a smartphone to function like a physical card. Samsung also aims to position the app as a central database that can store multiple cards from various banks along with Samsung reward cards. This will enable fast online transaction like with just a tap or a code.
Posted on: 08th February 2017 Read complete Article →
Rs 3,308 cr project announced in BioAsia
  1. BioAsia,Asia’s largest biotechnology and life-sciences forum signed projects worth Rs 3308 cr
  2. The Telangana government signed a MoU with Cerestra to explore Life Sciences Infrastructure Fund to the tune of Rs 1000 cr,projects entailing an investment of Rs 1680 cr were launched

Current affairs on 07 February 2017

Tata Motors launched new sub brand named TAMO
  1. TAMO new sub-brand was launched by Tata Motors on 2 February 2017 with the primary objective of regaining the lost ground in passenger vehicles segment.
  2. Vehicles from TAMO will be in niche segment with technologies that are ahead of market and when proven successful they could be transferred to vehicles of the main Tata Motors brand.
Posted on: 07th February 2017 Read complete Article →
FS Italiane Group entered into agreement with Indian railways
  1. Indian Railways on 2 February 2017 inked a pact with the FS Italiane Group of the Italian Railways. 
  2. The company will provide all the technology developed with large-scale infrastructure and technological projects that have modernised Italy by connecting the country’s most important cities, Rome and Milan, in just three hours.
  3. The FS Italiane Group is a major international engineering, infrastructure and transport player and operates in more than 60 countries in over five continents.
Startup acquires Google's satellite imaging business
  1. American startup Planet Labs, that launches small satellites into orbit and sells the imagery, has announced its acquisition of Google's 'Terra Bella' satellite business.
  2. As part of the agreement, 60 Google employees will join the startup founded by ex-NASA scientists. Terra Bella, formerly Skybox, was acquired by Google in 2014 for $500 million.

Current affairs on 02 February 2017

Facebook's Oculus ordered pay USD500 mn in suit on stolen technology
  1. A US jury has ordered Facebook and creators of its Oculus Rift to pay USD 500 million to gaming software firm ZeniMax in a lawsuit that claimed the virtual reality technology was stolen. 
  2. Oculus was accused of basing its Rift headset on technology stolen from ZeniMax's virtual reality software as the lawsuit claimed Oculus founder Palmer Luckey and his colleagues developed the virtual reality gear using source code illegally obtained from the gaming firm. 
  3. Luckey was ordered to pay USD 50 million of the award and another former Oculus executive, Brendan Iribe USD 150 million. The two executives were accused of violating a non-disclosure agreement with ZeniMax and copying the source code and other documents on a USB storage device. 
  4. ZeniMax had sought USD 4 billion in damages in the case, in which Facebook chief Mark Zuckerberg testified to defend his company. 
Posted on: 02nd February 2017 Read complete Article →
Posted on: 02nd February 2017 Read complete Article →