Banking Awareness 26th January 2017 | Financial Affairs 26th January 2017.

1. Navi Mumbai airport bid submission date extended to Feb 13.

CIDCO received solitary bid from GVK.

City and Industrial and Development Corporation (CIDCO) has extended the deadline for submission of bids for the Rs 16,000 crore Navi Mumbai airport project upto February 13 as it only attracted a single bid from the GVK-led Mumbai International Airport (MIAL).

Other Airport in Mumbai

Chhatrapati Shivaji International Airport.

2. BSE IPO oversubscribed nearly 12 times on day 3.

The IPO received bids for 12,80,04,066 shares against the total issue size.

• The initial public offer of BSE — the first by a domestic stock exchange in India — to raise up to Rs 1,243 crore was oversubscribed 11.85 times.
• BSE is the world’s largest exchange by number of listed companies. It is India’s largest and the world’s 10th largest exchange by market capitalization.

BSE

The world’s 10th largest exchange by market capitalization.

3. Mercedes-Benz launches ‘Night Edition’ of A-Class, B-Class models

The new edition will be available in both petrol and diesel fuel options

• German luxury car maker Mercedes- Benz launched new edition of its compact cars A-Class and B-Class models priced up to Rs 30.35 lakh (ex-showroom Delhi).
• The launch of the ‘Night Edition’ of the A-Class and the B-Class strengthens the new generation cars portfolio, Mercedes-Benz India said in a statement.

Roland Folger

Mercedes-Benz India MD and CEO.

4. Cisco buys AppDynamics, founded by Indian-born Jyoti Bansal for $ 3.7 bn

AppDynamics was to go public and expected to be valued at around $2 billion

• Networking major Cisco Systems Inc has agreed to buy AppDynamics, a US technology firm founded by Indian-born Jyoti Bansal, for $3.7 billion.
• Bansal, an IIT Delhi graduate moved to Silicon Valley with a desire to be an entrepreneur.

CISCO

Founders are Leonard Bosack and Sandy Lerner.

5. Cyrus Mistry’s affidavit reveals gross irregularities in AirAsia India

Documents filed by Cyrus Mistry show why AirAsia sacked its former CFO.

A set of e-mails between former Tata Sons Chairman Cyrus Mistry and Tata Sons group legal counsel Bharat Vasani show that irregularities in the manner which AirAsia India was being managed started as early as March 2014, three months before it launched its maiden flight in India.

2012

Mistry was appointed as the chairman of Tata Sons.

6. Arnab’s first challenge: Swamy raises questions about ‘Republic’

Use of ‘Republic’ for commercial purposes is contrary to law.

Arnab Goswami, who quit Times Now as Editor-in-chief in October last year has been in the news ever since, with his next move keenly awaited. As we now know, his new venture is going to be a media venture called Republic.

Republic

To be launched on 26 January 2017.

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