Business GK for MBA

Some useful GK for people preparing for MBA Entrance Exams like SNAP, IIFT, MAT etc. The topics covered here cover the GK for the Month of December 2011.

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Hero Group unveils new logo:

The Vijay Munjal-led part of the Hero Group on December 29, 2011 unveiled a new global identity — Hero Eco, an umbrella brand under which the multiple business of the group will be consolidated.  The company showcased its new refreshing face with a sharpened focus on the global youth at a press conference in New Delhi. Under this new set up, Hero Electric and Hero Exports will form part of the new Hero Eco identity. The company also announced acquisition of Ultra Motors, a UK-based company and introduced medical equipment under the brand Mediva.

Hero Eco buys Ultra Motors:

Vijay Munjal-led Hero Eco on December 28, 2011 said it has acquired UK-based Ultra Motors for an undisclosed amount, aiming to strengthen its presence globally in the electric vehicle segment. Hero Eco, the newly-formed umbrella entity that will include Hero Electric, Hero Exports, Mediva, Winn and Hero Ecotech, plans to invest Rs 450 crore in the next five years across businesses. Ultra Motors currently has its main manufacturing plant in Taiwan and has two contract assembly plants in China.

Low-cost tablet ‘Classpad’ launched:

Tablets are the new tech gadgets to have found a favourable place in the Indian education sector. After the launch of ‘Aakash’, the low-cost tablet, by the Ministry of Human Resource and Development (MHRD), new trends are picking up in edu-tech. Delhi-based Classteacher Learning Systems, an education solution provider, on December 29, 2011 launched a new tablet, Classpad. Priced in the range of Rs 7,500-14,500, it comes in three models: Classpad 7, Classpad 8 and Classpad 10. Classpad has a touch screen with a 7-hour battery life, 1.3 GHz processing speed and a built-in memory of four GB, expandable to eight GB. The device is equipped with artificial intelligence and is built on the Android platform. The intelligence facility in Classpad can help categorise students as fast, average and slow learners. The device uses WiFi for communication. Classpad will provide educational solutions based on the NCERT syllabus. Students will be able to use and download 7,000 education applications on the cloud.

Blackstone buys Pune IT SEZ:

Realty giant DLF, along with its partner Hubtown in a joint venture, has sold its IT special economic zone (SEZ) in Pune to private equity firm Blackstone for Rs. 810 crore. The joint venture firm DLF Ackruti Info Parks (Pune), where DLF and Hubtown held 67 per cent and 33 per cent stake respectively, has one notified IT/ITeS special economic zone in Pune. “The company along with its joint venture partner Hubtown has sold 100 per cent of its shareholding in DLF Ackruti Info Parks (Pune) Ltd for Rs.810 crore,” DLF said in a statement on December 29, 2011. Real estate firm Ackruti City has been rechristened Hubtown Ltd.

L&T, Mitsubishi sign licensing, technology pact for ship building:

Engineering and construction major Larsen and Toubro on December 28, 2011 said its shipbuilding arm, L&T Shipbuilding, will sign a licensing and technological collaboration agreement with Japan’s Mitsubishi Heavy Industries (MHI). The agreement will be valid initially for three years, with an option to extend it further. The statement also said starting early 2012, L&T engineers will be trained at the MHI’s Nagasaki Shipyard and Machinery Works and the Shimonoseki Shipyard and Machinery Works in Yamaguchi Prefecture.



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