Which PSU Unit, under a new business initiative, has decided to expand vendor base and bring uniformity in procurement process of materials and services at all its plants?: State-run power major NTPC
Explanation: In the process of power generation NTPC require to buy a lot of spares and also take services of many agencies for maintaining and operating their plants. The extent of spares they use every year is approximately Rs 2,000 crore and the services are valued at Rs 1,600 crore across NTPC plants. Thus to bring the transparency in the system the PSU is undertaking enlistment of vendors and contractors for procurement of materials and work contracts on all-India basis.
Hitachi Automotive, part of the Japan-headquartered Hitachi Group, has set up an auto parts manufacturing facility with an investment of Rs 3.13 billion (Rs 313 crore) to cater to domestic and overseas markets in which state?: TamilNadu
Explanation: Hitachi Automotive Systems India has invested around 5 billion yen (Rs 3.13 billion) to build the plant in the integrated industrial park of One Hub Chennai. Hitachi Automotive Systems India will manufacture valve timing control systems and ignition coils from October this year at the facility at Panchanthiruthi village in Tiruporur Taluk in neighbouring Kancheepuram District.
In one of the largest-ever employee bonus payouts in the history of India Inc, software exporter TCS on 16 April 2015 announced a Rs 2,628 crore one-time bonus to staff to mark which anniversary?: 10Th Anniversary
Explanation: This special reward to employees acknowledges the role the employees have played in building TCS into one of the most respected and valued technology services companies in the world. Thus, till March end , TCS had 3,19,656 employees and all employees who have completed at least one year in service will be eligible for the bonus and will get a reward equivalent of one week's salary for every year of service. TCS delivers more than 60 percent of the total profit of Tata Sons. The huge bonus payout has resulted in the company reporting a steep 27 percent decline in net profit at Rs 3,858.2 crore, despite close to 13 percent rise in revenue at Rs 24,219.8 crore during the March quarter. Founded in 1968 by the late JRD Tata, TCS had a revenue of Rs 94,648 crore or USD 15.5 billion, up 15.7 percent in FY15.
Microsoft and Yahoo on 16 April 2015 have updated their search partnership to allow more flexibility in searches. Along with this update which process came to end with Yahoo?: Yahoo`s exclusive sales force role with advertisers
Explanation: The companies announced the revisions to their original 2009 agreement on 16 April 2015 as to compete with search giant Google. The partnership is non-exclusive for both desktop and mobile as Yahoo will continue to serve Microsoft`s Bing ads and search results "for a majority of its desktop search traffic. Another change in the agreement was related to the concerns of advertising. As under the original agreement, Yahoo was the exclusive sales force for both companies ad platform but with the new deal, Microsoft will have the exclusive sales force for ads delivered by Microsoft`s Bing Ads platform, while Yahoo will continue to be the exclusive sales force for Yahoo`s Gemini ads platform. However, the agreement keeps the provision that Microsoft will continue to pay part of its ad revenues to Yahoo from searches on Yahoo sites.
Wall Street bank Morgan Stanley on 15 April 2015 opened a back-office in which city in India to help its global operations, which has a capacity to accommodate up to 1,400 employees?: Bangalore
Explanation: The Company has started out with 500 employees at the 1.84 lakh sqft facility. It already employs 2,400 at its similar facility in Mumbai, which currently helps the global operations on technology, operations, finance, fund services, compliance and other specialised functions, apart from housing Morgan Stanley India's business units. The new Office provide support services to business units across geographies, complementing the growth of other support centers in Mumbai, a per the statement by Morgan Stanley, without disclosing investment details.
Coca-Cola in collaboration with which international musician has tied up with a number of iconic brands, to recycle old coke plastic bottles and aluminium cans to create a variety of products.?: Will.i.am
Explanation: It is a stand-alone brand initiative dedicated to helping encourage recycling behavior and sustainability among consumers through aspirational, yet attainable lifestyle products made in part from recycled material. From bags to shoes to cycles to clothes, the company makes just about everything. EKOCYCLE also has a tie up with sports goods major Adidas
According to the Wall Street Journal on 14 April 2015, E-commerce company Amazon.com Inc and which publisher have reached a new multi-year publishing deal that covers both print and digital titles?: HarperCollins
Explanation: HarperCollins, owned by News Corp. To set the retail prices of its digital books, with incentives for HarperCollins to provide lower prices to consumers this deal took place. Earlier Amazon reached a multi-year agreement with Hachette Book Group for e-book and print book sales after months of bitter fighting that pitted writers and publishers against Amazon.
On 13 April 2015 Shares of Apollo Tyres gained 3.5 per cent to Rs 186.4 after the company began construction of its new manufacturing facility in which country?: Hungary
Explanation: The Indian tyre maker would be investing Rs 3,450 crore on the Hungary plant so that the Hungary facility will start production in early 2017 and manufacture Apollo and Vredestein branded tyres to cater to the European market. Apart from the passenger car tyres, the new plant would also manufacture commercial vehicle tyres. The proposed plant would have the capacity to manufacture 5.5 million passenger car tyres and 675,000 truck and bus tyres.
Bharat Heavy Electricals Ltd (BHEL) on 13 April 2015 notified that it has commissioned another 600 MW unit of a thermal power project in which state?: Chhattisgarh
Explanation: The unit was commissioned at Dainik Bhaskar Power Ltd's (DBPL) upcoming 2x600 MW thermal power project located at Dhabra in Janjgir Champa district of Chhattisgarh. This is the second unit of the power project, commissioned by BHEL and thus it stands at 68 per cent of the total installed capacity in the state. BHEL's scope of work in the contract envisaged design, engineering, manufacture, supply, erection and commissioning of steam turbines, generators and boilers, along with associated auxiliaries and electricals, besides controls and instrumentation and electro-static precipitators.
Which Engineering major company notified on 11 april 2015 that it has signed a memorandum of understanding (MoU) with French firm Areva for cooperation to maximise localisation for the 9,900-MW Jaitapur nuclear plant in Maharashtra?: Larsen & Toubro (L&T)
Explanation: The MoU with Areva represents a major step forward for L&T in pressurised water reactor technology. The MoU also covers the prospect of partnership between L&T and Areva in manufacturing key nuclear island equipment, valves, piping, electrical, instrumentation and engineering work. Through this partnership, Areva will also transfer technology to utilise the forging capabilities of L&T Special Steels and Heavy Forgings, a joint venture with Nuclear Power Corporation of India (NPCIL).
