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Current Affairs - ACQUISITIONS & MERGERS

  • Techmagnate, India’s leading Digital Marketing Agency acquired BlogX. It is the India’s largest blog conference where bloggers and content managers connect.
  • The Indian Railway will acquire EOTT systems to run trains without guards. Its total cost is Rs 100 crore for acquiring sophisticated equipment to run 1000 trains without guards. The End of Train Telemetry (EoTT) equipment is used to establish communication between the locomotive driver and the last wagon of the train.
  • Apple becomes first company to hit $800 bn valuation mark & Apple acquires sleep-tracking app 'Beddit' a finish company.
  • Paytm has signed a non-exclusive term sheet to acquire Snapdeal-owned payments platform FreeCharge. Paytm-FreeCharge deal could be finalised at $45 million to $90 million.

 

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