Monthly Current Affairs August 2016 “BUSINESS NEWS” key points to Remember.
IRB Infra bags Rs 2,100-crore Rajasthan-Gujarat NHAI project
MobiKwik to power e-cash payments on ‘Food on Track’ app
First phase of Sebi’s new enterprise portal goes live
Freecharge inks partnership with PayUbiz
ICICI Bank ties up with Apollo India to form ARC
NHPC to raise Rs 4,500 cr after Subansiri project clearance
Alphabet arm Verily to collaborate with GSK for bioelectronic medicines
Novopay aims to disrupt payments in rural India with its assisted wallet
Wipro Infrastructure to acquire Israel’s H R Givon
Country’s infrastructure sector grows 5.2% in June
BHEL commissions 500MW Marwa Thermal Power station in Chhattisgarh
Last date of filing IT return extended upto 5th Aug
Carnival Cinemas partners with Zicom to provide electronic security to moviegoers
Amazon launches fulfilment centre for prime deliveries in Chennai
CBDT signs Bilateral Advance Pricing Agreement (APA) with Japanese trading company
Apple, IBM launch ‘development hub’ called MobileFirst in Bengaluru, India
States issue bonds worth Rs 1.66 lakh cr under UDAY scheme
NatcoPharma gets final approval for Tamiflu capsules in the US
Govt sets inflation target at 4%
Forex reserves hit all time high at $365.49 billion
S&P Global affirms ‘BBB-’ long-term rating on ICICI
IRCTC signs MoU with Manipur govt to provide hospitality & tourism services
Japan records biggest current account surplus in first half of this year since 2007
Germany’s ZF Friedrichshafen to set up technology centre in Hyderabad
Minimum pension of retired central govt staff goes up by 157%
Government’s divestment kitty to higher by Rs 16,000 crore
Deskera claims 1st GST compliant cloud-based enterprise software in India
FDI in petroleum sector permitted across the Hydrocarbon value chain
Reliance General enters ‘bancassurance’ deal with co-operative bank
Vodafone renews IT deal with IBM for 5 years
On-tap bank licencing ‘credit positive’ for NBFCs: Moody’s
AurobindoPharma receives final approval from US FDA for anti-infective drug
NHAI Signs MOU with IIT- Kharagpur for Research Project on Paneled Cement Concrete Pavements for Highways
Vodafone renews IT deal with IBM for 5 years
Govt identifies 1.36 crore non-filers under NMS
Robbers cut open roof of train coach, steal Rs 5.78 crore
Tata Chemicals sells urea business to YaraFertilisers
IRDAI slaps Rs 35 lakh fine on BhartiAxa General Insurance
Gamesa bags contract for KCT Renewable’s 40 MW wind energy project
Flipkart Now On Kotak Mahindra Bank’s Mobile Banking App
Manipal Tech acquires fraud detection solution from Bengaluru company
Cipla names Umang Vohra as MD & Global CEO
Govt approves Rs 1,911-crore highway projects in six states
RBI may not be able to meet inflation target: IMF paper
Aditya Birla Health Insurance business receives final approval from IRDAI
Centre may get Rs 23,944 crore from clean environment cess in FY17
ONGC launches Rs 100-cr start-up fund
Life insurers’ new biz premiums up 4% to Rs 13,854 crore in July
1st BIO-CNG project in India inaugurated in Pune
BHEL bags Rs 169 cr order for solar photovoltaic power plant
Minda forms JV with Chinese firm for auto components
Maharashtra govt picks L&T to convert Nagpur into smart city
Tata AutoComp to acquire engine cooling company TitanX
Tata Power Solar commissions 100 MW project for NTPC
Consortium of eight banks sanction 6750 Crore Loan for Mission Bhagiratha
Huawei to start mobile manufacturing in India
Individual bankers should take onus for loan sanctions: RBI Governor
India inks deal to route petroleum products through Bangladesh
Forex reserve at record high of USD 365.82 billion
AskMe shuts down, 4,000 jobs lost
India jumps 15 spots to become 2nd most innovative middle income economy in world
Uber launches two new features to make ride-hailing easier
BSNL, Microsoft sign MoU to offer IT solutions
Indian Railways partners with Google to showcase heritage assets
NLC Ltd to add 6,820 Mw of power at cost of Rs 27,740 crore
Jawaharlal Nehru Port Trust to sign agreement with bankers for External Commercial Borrowing
Transactions over Rs 3 lakh to be illegal as government turns heat on cash stashers
Microsoft buys artificial intelligence startup Genee
India’s GDP to expand by 7.9% this fiscal: Goldman
Centre sets up panel to suggest steps to promote card payments
Foreign Portfolio Investors (FPIs) invested Rs. Rs.8,127 crore in equities in Aug so far
EPFO investments in ETFs to be raised beyond 5%: Said Union Labour Minister Bandaru Dattatreya
7 of top 10 companies lose Rs. 29,907 cr in market capitalisation (m-cap)
The US said that bilateral trade with India has reached $109 billion in 2015, against $37 billion in 2005
US-based Financial services major, Goldman Sachs has marginally revisedupwards its India CPI inflation forecast from 5.3% to 5.5%
Japanese automaker Toyota is the most valuable automobile brand in theworld, according to Forbes
Airtel launches one-stop-shop connectivity solution
Big Bazaar’s e-commerce platform to shut down.
Tata launches research alliance with global institutes.
Bharti Airtel cuts 3G and 4G prices by up to 80%.
LIC to fill posts for 2 MDs, yet to name chairman.
Morgan Stanley sees 40 million users of Reliance Jio next fiscal.
CBDT signs 20 Unilateral Advance Pricing Agreements with Indian taxpayers
Amazon launches online Telugu book store
RBI Forecasts 7.6 percent GDP growth for this fiscal
‘GST rate above 18% could stoke inflation’
NABARD sanctions Rs 204.67 cr for Haryana
Goa government signs memorandum with Google India
NPCI launches Bharat Bill Payment System pilot project