Business & Finance - Current Affairs for January, 2015

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.

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.

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.

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.

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.

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.

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

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.

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

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.

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.

Ajay is a Co-promoter of SpiceJet.

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