3rd phase e-auction of FM Radio fetch around Rs 395 cr on day 1

The third phase of e-auction of Frequency Modulation (FM) Radio has fetched around 395 crore rupees of the first day of auction. In this phase, first batch of 135 channels of 69 cities which are part of the private FM Radio Phase III expansion were auctioned. In all 26 bidders were allowed to participate in ..

Month: Current Affairs - July, 2015

Topics: Business • Current Affairs 2016 • Economy • FM radio auctions

Ashok Kumar Balyan to head Anil Ambani-led Reliance group’s oil & gas business

Anil Ambani led Reliance Group – Oil & Gas Business appointed Ashok Kumar Balyan as its new CEO by on 27 July 2015. Mr. Balyan previously had worked for decades with the public sector giant Oil and Natural Gas Company (ONGC) and followed by a dedicated performance in Petronet LNG. He will be prominently leading towards setting ..

Month: Current Affairs - July, 2015

Topics: appointments • Business

FKCCI completed 100 years of service

The Federation of Karnataka Chambers of Commerce & Industry (FKCCI) successfully completed its hundred years of service on 27 July 2015. The hundredth year celebration was inaugurated by Pranab Mukherjee, the President of India, in the presence of many dignitaries from commerce and political background. On the eve of this occasion special activities were conducted like; ..

Month: Current Affairs - July, 2015

Topics: Business • FKCCI • Karnataka

Rajesh Exports buys Valcambi for Rs. 2560 crore

On 27 July 2015, a Bengaluru based gold Jewellery manufacturing company Rajesh Exports Ltd (REL) bought the world’s largest gold refining company Valcambi from US-based mining company Newmont Mining Corporation. REL had to fetch over 2560 crore rupees all in cash to buy Valcambi refinery. Valcambi generates on an average 945 tons of gold that ..

Month: Current Affairs - July, 2015

Topics: Acquisition • Business

IT Secretary R S Sharma appointed as TRAI chairman

The IT Secretary Ram Sevak Sharma was appointed as the chairman of telecom regulator Telecom Regulatory Authority of India (TRAI) on 27 July 2015. He will take place of Rahul Khullar who had retired in May 2015. However, Sharma is also set to retire in September 2015 as secretary for department of electronics and information ..

Month: Current Affairs - July, 2015

Topics: appointments • TRAI