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Current Affairs on Companies

Current affairs on 28 December 2016

India’s first Second Generation Ethanol Bio-refinery set up in Punjab

  1. The foundation stone for India's first second generation ethanol bio-refinery to be set up by HPCL at Bathinda in Punjab at a cost of Rs 600 crore .
  2. The foundation stone laying ceremony will be held at village Tarkhanwala, in Bathinda district of Punjab.

Current affairs on 23 December 2016

RCom Sells 51% Stake in Tower Business

  1. Reliance Communications has sold its tower business to Brookfield Infrastructure for $1.6 billion or Rs 11,000 crore and will use this cash payment to reduce its debt.
  2. RCom will also receive Class B non-voting shares in the new Tower company and thus will represent the largest ever investment by any overseas financial investor in the infrastructure sector in India.
Posted on: 23rd December 2016 Read complete Article →

Current affairs on 22 December 2016

Amul and MobiKwik tiedup for e-payment

  1. Mobile wallet platform MobiKwik has tied up with Indian dairy co-operative Amul to help customers make cashless payments at its 7,000 Amul outlets and three lakh Amul multi-brand outlets and retailers.
  2. Mobile payment platform has added 1,50,000 retailers to its network in November and has a network reach of over 2,50,000 retailers in India.
Posted on: 22nd December 2016 Read complete Article →

Facebook Charged on WhatsApp Takeover

  1. European Union antitrust regulators have charged Facebook Inc with providing misleading information during its takeover of WhatsApp.
  2. The statement of objections sent to Facebook will not have an impact on the approval of the $22 billion merger in 2014.

Airtel to get Orascom’s stake in MENA

  1. Bharti Airtel notified that it subsidiary Network i2i has entered into a definitive agreement with Egyptian firm Orascom.
  2. The move is done to acquire the latter’s entire equity stake in Middle East North Africa Submarine Cable Systems (MENA-SCS)
  3. MENA-SCS is operational in connecting Mumbai, Oman, Saudi Arabia, Egypt and Italy.

Current affairs on 20 December 2016

BHEL bags railway order for traction converters

  1. The state-owned BHEL has bagged a major order of Rs.200 Cr from Indian Railways (Chittaranjan Locomotive Works (CLW)) for the supply of IGBT-based traction converters.
  2. Bharat Heavy Electricals Ltd (BHEL) has bagged a major order for supply of 118 sets of IGBT-based traction converters for 3 Phase 6,000 HP electric locomotives.
Posted on: 20th December 2016 Read complete Article →

Nalco, NTPC ink MoU for power plant in Odisha

  1. The National Aluminium Company Limited (NALCO) and NTPC Limited have signed a MoU to set up a 2400 MW power plant at Gajmara in Dhenkanal district of Odisha.
  2. The power plant is set up to supply captive power for expansion plans of Nalco at Angul and also Greenfield project at Kamakhyanagar in Dhenkanal district.

BEML conferred CEPM Fellowship Award

  1. BEML Ltd, a defence public sector undertaking, has been conferred with CEPM Fellowship Award-2016 for its recognition and commitment in transforming and driving organisational capabilities through human-centric approach.
  2. The award was given at the 24th global symposium organised by the Centre for Excellence in Project Management. Deepak Kumar Hota, Chairman and Managing Director, BEML received the award at the function held at New Delhi.

Current affairs on 12 December 2016

Coca-Cola CEO Muhtar Kent to Step Down

  1. Coca Cola CEO Muhtar Kent will step down .
  2. He will be be replaced by president James Quincey, who has worked for Coca-Cola for 20 years.
  3. He will assume responsibility for one of the most recognized brand names in the world.
Posted on: 12th December 2016 Read complete Article →

Current affairs on 09 December 2016

IOC, BPCL, HPCL join hands to set up India's biggest oil refinery

  1. Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corp have signed a pact under which IOC will hold a 50 % stake in the project while BPCL and HPCL will have 25 % each to build India's biggest oil refinery at a cost of $30 billion on the west coast.
  2. The three firms signed the pact for the 60-million tonne a year refinery in Maharashtra with IOCBSE 2.78 % as leader of the consortium.
Posted on: 09th December 2016 Read complete Article →
Posted on: 09th December 2016 Read complete Article →
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