Which airline became the newest air service operator in India on 12 April 2015 after it commenced its first flight on the same day?: Air Pegasus
Explanation: Air Pegasus became the newest domestic airline in India as its maiden flight took off from Bangalore to Hubli. The airline is promoted by Decor Aviation, which calls itself the largest ground handling service provider in South India. The company has its presence in all major airports in South India including Bengaluru, Chennai, Trivandrum, and Cochin. Air Pegasus received its flying permit from aviation regulator Directorate General of Civil Aviation (DGCA) last year (2014).
Union Govt. increased its stake to over 51% in which entity that result in becoming India’s newest public sector undertaking (PSU) during April 2015?: IFCI Limited
Explanation: Industrial Finance Corporation of India was incorporated on 1 July 1948 and was the first development finance institution in the country. Since it incorporation, till now the Union Govt. had 47.93% stake in it and lrecenty the govt. acquired IFCI’s 6 crore preference shares and taking up its stake up to 51.04%. Thus, as per the provisions of Section 2(45) of the Companies Act, 2013 IFCI became a government company (PSU) with effect from 7 April 2015. IFCI is at present the leading infrastructure finance company in the country.
Satyam scandal prime accused B Ramalinga Raju and his brother B Rama Raju were sentenced on 9 April 2015 to how many years of rigorous imprisonment and fined Rs 5.5 crore each after they were convicted by a special court in the Rs 7,800-crore accounting fraud that shook the country six years ago?: Seven years
Explanation: Raju was arrested by Andhra Pradesh CID along with his brother Rama Raju and others. Satyam scandal prime accused B Ramalinga Raju, his brother B Rama Raju, Suryanarayana Raju, Satyam’s chief auditor V Prabhakar Gupta, former chief financial officer Vadlamani Srinivas, former PricewaterhouseCoopers auditors S Gopalakrishna and T Srinivas, former Satyam accounts and auditors G Ramakrishna, D Venkatpathi Raju and C Srisailam were sentenced to seven years rigorous imprisonment and fined Rs 5.5 crore each to B Ramalinga Raju, his brother B Rama Raju and 25 Lakhs each to others after they were convicted by a special court in the Rs 7,800-crore accounting fraud that shook the country six years ago. The main charge sheet ran into 2,315 pages and thousands of documents were attached, making it a voluminous 65,000-page case file. Which alleges that the Raju brothers devised a mechanism to fudge and fake balance sheets, bank statements and records and they had involved relatives in insider trading
Tapping on the country's renowned supply chain, Which online marketplace on 9 April 2015 notified that it has tied-up with the 'Dabbawalas' of Mumbai to ensure last mile delivery to consumers.?: Flipkart
Explanation: Dabbawalas have been in the profession of transporting lunch boxes with absolute precision for more than 120 years for which they had achieved the Six Sigma and won international award. The move comes amidst growing competition among e-commerce firms such as Flipkart, Snapdeal and Amazon, who are ramping up their logistics and delivery network to build a sound last mile delivery channel to beat rivals in gaining a dedicated customer base.
In a Big thrust to m-Commerce in India E-retailer Snapdeal.com announced on 8 April 2015 that it bought which online mobile recharge firm for an undisclosed amount in a bid to boost its reach in the fast-growing mobile transactions business?: Freecharge
Explanation: As per the Morgan Stanley, Snapdeal is expected to be worth $102 billion by 2020, backed by SoftBank Corp, competes with Flipkart and Amazon.com Inc`s India unit in the country`s online shopping market. Freecharge would remain an independent platform even after the deal, which is expected to close within the next 6 months.
Announcing the largest investment in India so far, online retail giant Amazon on 8 April 2015 announced that would open Fulfilment Centre (FC), its largest warehouse in the country at which place?: Near Kottur in Hyderabad
Explanation: So far this is the largest investment by Amazon in India. The FC will be spread over 280,000 square feet and will be operational from May this year. Therefore, now with the opening of the new FC in Telangana, Amazon will have 11 FCs operational across nine states in India, covering a total of over one million square feet space with a storage capacity of over 2.5 million cubic feet.
On 7 April 2015, who has been elected as the President of industry body CII for 2015-16:? TIL chairman and managing director Sumit Mazumder
Explanation: Sumit Mazumder is graduate of St Xavier's College, Kolkata, Mazumder has a Master's in Business Administration from Sam Houston State University, Texas, US. He also undertook the Advanced Management Program at Harvard University, Massachusetts in the US. TIL is a manufacturer of material handling equipments. Mazumder is also the Executive Chairman of TIPL (Tractors India Pvt Ltd), which is a distributor for the US-based Caterpillar in India, Nepal and Bhutan for earthmoving, construction, mining equipment and power systems.
Reserve Bank of India - (RBI) on 6 April 2015 has approved the appointment of which person as the Managing Director and Chief Executive Officer of Dhanlaxmi Bank with immediate effect?: G Sreeram
Explanation: G Sreeram replaces P G Jayakumar who attained superannuation early this year. In May 2013, the Reserve Bank of India had extended the service of Jayakumar for a period of one year as Managing Director and Chief Executive Officer. Jayakumar completed more than 36 years of service in various capacities at the Bank. Appointment of G Sreeram as MD and CEO of the bank was made for a period of three years.
On 4 April 2015, which company has celebrated its 40th anniversary of the foundation, where its co-founder has outlined his vision for the company in a letter to its employees by saying that the company had achieved a lot during the first 40 years but added, "what matters most now is what we do next”?: Microsoft
Explanation: The Microsoft co-founder also lauded the firm`s latest products such as, Cortana, Skype Translator and HoloLens and deliberated on the future of computing by saying that it will evolve faster in the next 10 years than it ever has before. Bill Gates said that the task ahead of Microsoft was to connect people to each other and make personal computing available everywhere, "even as the very notion of what a PC delivers makes its way into all devices.
Cancellation or change in nomination in insurance policies will now cost, as regulator IRDAI has allowed life insurers to charge up to what amount for any such modification?: Rs. 100
Explanation: The IRDAI guidelines for 'Registering Cancellation or Change of Nomination' have come into effect from April 1, 2015. The Insurance Act allows the holder of a life policy to nominate, on his own, a person or persons to whom the money shall be paid in the event of his death while effecting the policy or any time before it matures. In respect of those policies that are issued in electronic form... the fee collected shall not exceed Rs 50. In respect of policies other than those, the fee collected shall not exceed Rs 100," the Insurance Regulatory and Development Authority of India (IRDAI) said in an order.
