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sbi po online mock test series
sbi po online mock test series : Punjab & Haryana High Court giving approval. Once the deal closes. Sun will become the
worlds fifth largest generic drug maker. On Jan 31, the US Federal Trade Commission
cleared the merger, following the Competition Commission of Indias (CCI) conditional
nod. CCI has asked both companies to divest seven drug assets in India as a prerequisite.
The process is under way. With this, brand Sun is ready to take charge, as Ranbaxy would
fade away eventually in India. However, the companys sub-brands such as Volini or Revital
will continue as they are. Some of the markets abroad might retain the Ranbaxy brand for
some time. In 2008. Japans Daiichi Sankyo had acquired a 63.9 per cent stake in Ranbaxy
for $4.2 bn. TCS Europes top employer Tata Consultancy Services (TCS) has been named as
the top employer in Europe for the third consecutive year by a top employers certification
agency. citing the Indian IT major as an exceptional performer in nine core human
resources areas. TCS, the leading IT services, consulting and business solutions
organisation, has been certified as top employer in eight European countries – the UK,
Belgium, the Netherlands, Germany, Switzerland, Sweden, Denmark and Norway – by Top
Employers Institute. The company has been recognised as an exceptional performer across
nine core human resources areas — talent strategy, workforce planning, onboarding.
learning and development, performance management, leadership development, career and
succession management, compensation and benefits, and organisational culture. TCS was
ranked as the overall number one in a process that assessed 688 organisations across
Europe. Only companies that have been certified as a top employer in at least five
individual countries in Europe are eligible for the award. Reliance Infra buys Pipavav
Defence Anil Ambanis Reliance Defence Systems, along with Reliance Infrastructure,
is set to make a big-bang entry into the defence sector by acquiring Pipavav Defence.
a private shipyard based in Pipavav in Gujarat, in an all-cash deal. According to a
Reliance Group release. Anil Ambani will take over as chairman of Pipavav Defence,
with full management control. In clinching the deal, Reliance Group has pipped a number
ofother suitors, including the Munjals of the Hero group, and Mahindra & Mahindra.
Pipavav Defence has technology tie-ups with global defence companies, including SAAB of
Sweden, DCNS of France, Semhcorp Marine of Singapore and JSC Zvyozdochka and Rosohoron
Export of Russia. The company has an order book of Z12,000 cr. The company has one of the
worlds largest greenfield infrastructure facilities, spread across 841 acres in Gujarat,
with 210 acres of fully developed water-front land and 250 acres developed for
shipbuilding. Bharat Forge formsJV with Rafael Betting on Prime MinisterNarendra Modis
Make in India initiative, Bharat Forge on 19 Mar announced a joint venture with Israels
Rafael Advanced Defence Systems for manufacturing high-tech defence components.
The Kalyani Group also announced the 51:49 defence joint venture with Rafael. The deal
comes within months of the govts move to allow 49 per cent FDI in defence manufacturing.
The 51:49 joint venture will make Spike anti-tank guided missiles for the Indian armed
forces and will involve transfer of technology from Rafael. India is the largest customer
of Israeli military equipment.
Newswatch
Disinvestment
BHEL disinvestment in Apr The Govt has firmed up a list of PSUs to be divested next
fiscal, starting with BHEL in Apr, in a bid to meet the Z41,000-cr stake sale target for
2015-16. The Disinvestment Department has completed overseas roadshows for BHEL stake
sale in London, Singapore and Hong Kong. At the current market price of 260.75 a share.
sale of over 12.23 cr shares in BHEL would fetch around z3,200 cr to the exchequer. Other
companies which are on the block include NMDC, NALCO and IOC, with 10 per cent stake
sale proposal each. Besides. 5 per cent stake sale in ONGC, ITC and REC is also on cards.
The Govt holds 63.06 per cent in BHEL. In Mar 2014, the Govt had sold 4.66 per cent stake
in BHEL to LIC through a block deal for around Z1,800 cr. For the 2015-16 fiscal beginning
Apr, the Govt has budgeted to collect 269,500 cr through PSU disinvestment. This includes
241,000 cr to be garnered through minority stake sale and another r28,5oo cr through
strategic sale in both loss and profit-making PSUs.
Energy
r75,000-cr plan to free coal reserves The govt is planning to float three special purpose
vehicles (SPVs) to evacuate coal locked across the three mineral-rich. Naxal-hit states
of Chhattisgarh, Jharkhand and Odisha. Highlights • The SPVs will construct three main
corridors, apart from 54 other evacuation projects, with an investment of 275.000 cr.
• Each of the three SPVs will have equity participation from Coal India Ltd (CIL),
railway undertaking 1RCON and the state govt concerned. While CIL will contribute
66 per cent, 24 per cent will be pumped in by IRCON and 10 per cent by the state govt.
• The coal ministry has drawn up an ambitious plan of nearly tripling Indias coal output
from 565 mn tonnes (mt) in 2013-14 to 1.5 bn tonnes by 2020. • Of this, an estimated
500 mt will be from the captive coal blocks being auctioned, while CIL will account for
the rest. • CIL hoard has already approved one project –Chhattisgarh East Rail Ltd —
and the SPV would be set up. Govt to auction 15-20 more mines Coal auction will resume by
the end of Apr or early May with 15-20 more mines, provided the Coal Mines Bill is passed
in the Rajya Sabha or a new ordinance is promulgated. Even in case the Bill does not get
passed in the Upper /louse, the ongoing auction process will not get impacted though the
future auctions will be held back. The Coal Ordinance, which was re-promulgated in Dec,
would lapse on Apr 5. The Bill that seeks to replace the Ordinance was passed by the Lok
Sabha but had to be referred to the Rajya Sabha Select Committee. A parliamentary panel
has recommended no modification in the existing legislation for auction of coal mines.
Till date, a total of 33 coal blocks have been auctioned in two tranches. While in the
first lot, 19 coal mines were auctioned, in the second as many as 14 coal blocks went
under the hammer.
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