Business & Finance - Current Affairs for January, 2015

Business & Finance Current Affairs for January, 2015

Month wise coverage of Business & Finance Current Affairs helps you improve your general knowledge and prepare for all competitive exams like IBPS, Bank PO, SBI PO, RRB, RBI, LIC, Specialist Officer, Clerk, SSC, UPSC, Railway etc. This section is updated daily with the most important events.

Preparing Business & Finance Current Affairs January, 2015

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  • Month & Year   
▼ CIL 10% stake sold by GoI Oversubscribed 1.07 times   [01-23-15]

This is the biggest share sale by any private or public sector company in the country, and exceeds the previous stake sale record of over Rs 15,000 crore by Coal India itself, in 2010.

▼ Largest global corporate profits in history reported by Apple on 27thJanuary 2015   [01-23-15]

Apple recorded quarterly profits of $18 billion on 27th Jan’15. Apple sold 74.5 million iPhones in its fiscal first quarter ended December 2014.

▼ Search engines asked by GoI to block sex determination ads   [01-23-15]

The court also directed the search engines to upload on their policy page and the terms of service page its order that they would not advertise or sponsor any advertisement which violated Section 22 of Prohibition of advertisement relating to pre-natal determination of sex (PC-PNDT) Act.

▼ Vodafone to not pay INR 3200 additional tax as per Bombay HC ruling   [01-23-15]

The High Court had in its October 10, 2014 order handed a big relief to the UK-based mobile service provider by ruling that it is not liable to pay the income tax demand of Rs 3,200 crore.

▼ United States and India sign ICTE agreement on cooperation on 23rdJanuary 2015   [01-22-15]

This Joint Declaration of intent made for a period of next five years would help in strengthening industrial, technological, research & innovation and economic cooperation between India and U.S. in the ICTE sector.

▼ Spice Jet gets DGCA approval to extend advance bookings across 31stMarch, 2015   [01-22-15]

Earlier, DGCA had restricted the airline to take advance bookings only up to the 31st of March following financial crisis which had led to cancellation of flights in large number and had curtailed operations in a significant manner.

▼ Shubham Banerjee becomes youngest Indian entrepreneur of Silicon Valley   [01-22-15]

He founded his own start-up company called Braigo Labs to develop low-cost machines to print Braille.

▼ Ban on mango import lifted by EU on 20thJanuary 2015   [01-22-15]

The EU had imposed a temporary ban on Indian mangoes that came into effect from 1 May 2014. The EU accounts for more than 50% of total exports of fruits and vegetables from India. The UK is the main destination, followed by the Netherlands, Germany and Belgium.

▼ National Investigation Agency has 6 branches   [01-22-15]

NIA had six branches, in Hyderabad, Guwahati, Kochi, Mumbai, Lucknow and Kolkata.

▼ Cipla barred from selling cheaper version of Novartis drug by Delhi HC   [01-22-15]

Delhi High Court on 14th Jan’15 sought the response of Switzerland-based drug major Novartis AG on the plea of Indian pharma firm Cipla Ltd. against an order restraining it from making its respiratory disease drug, Indaflo, till it obtains a compulsory licence. Novartis has been selling the medicine in India as an inhalation powder and inhaler under the trademark name of "Onbrez" through its licencee Lupin Ltd, since 2010.

▼ First TIZEN OS powered mobile phone launched by Samsung on 14thJanuary 2015   [01-22-15]

It is a key step in the company’s strategy to break free from the Android platform, which powers Samsung’s flagship Galaxy devices and most other smart phones on the market.

▼ Ownership, management and control of SpiceJet transferred from K. Maran's Kal Airlines to Ajay Singh   [01-22-15]

Ajay is a Co-promoter of SpiceJet.

▼ US Approves UTAS and HBL for aircraft manufacturing project under Make in India   [01-22-15]

For the first time US aviation regulator the Federal Aviation Administration (FAA) gave its approval to two aircraft parts manufactured by Indian manufacturers.