Friday, December 18, 2015

Current Affairs- Business

India International Trade Fair (IITF):
Pranab Mukherjee inaugurated the 35th edition of the IITF at Pragati Maidan in New Delhi.
Partner country - Afghanistan
Focus country - Bangladesh
Partner states - Goa and Jharkhand
Focus state - Madhya Pradesh
Theme of IITF 2015: Make in India

Shri Venkateswara Mobile and Electronics Manufacturing Hub:
Prime Minister Narendra Modi has laid the foundation stone of Shri Venkateswara Mobile and Electronics Manufacturing Hub in Tirupati, Andhra Pradesh. It is country’s first dedicated mobile manufacturing electronics cluster.

Noah Consulting:
Infosys said it would buy Noah Consulting for $70 million in cash. It provides information management consulting services in the oil and gas sector.
In February, Infosys said it would buy automation startup Panaya for $200 million.
In April, it announced it would buy Kallidus Inc, a digital and mobile commerce solutions provider, for $120 million.

Martin Winterkorn:
Volkswagen Chief Executive Martin Winterkorn has resigned following the revelation that the world’s largest carmaker (in terms of sales) had manipulated US diesel car emissions tests. Volkswagen admitted that it had deceived US regulator Environmental Protection Agency (EPA) in exhaust emissions tests by installing a device to give more positive results.

Kattupalli Port:
Adani Ports and Special Economic Zone (APSEZ) has inked a Memorandum of Understanding (MoU) with Larsen & Toubro (L&T) to oversee operations of Kattupalli Port in Tamil Nadu.

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