GK Update: August 1st to 3rd, 2015.

Sun TV Q1 profit surges 19.10% to Rs. 197 cr.

Sun TV reported a 19.10 per cent increase in net profit at Rs. 197.28 crore for the first quarter ending on June 30, 2015.

Roadmap for future growth: Robust gold jewellery hallmarking vital.

Hallmarking of gold jewellery can increase exports from $8 billion to $40 billion by 2020. Currently less than a third of Indian jewellery is hallmarked.

Uber to invest $1 billion in India.

Taxi hailing firm Uber announced plans to invest $1 billion in India to expand footprint in the country amid growing competition in the segment.

Apollo Group to set up hospital in Navi Mumbai.

Apollo Hospitals Group said it would set up its 65th hospital in Navi Mumbai, close to the Mumbai-Pune expressway.

Apple, BMW in courtship with an eye on car collaboration.

BMW and Apple may rekindle a courtship put on hold after an exploratory visit by executives of the world’s top maker of electronic gadgets to the headquarters of the word’s biggest seller of premium cars.

Google offers paid apps on Play Store for Rs.10.

Technology giant Google will make paid apps available for as low as Rs.10 through its app store, Google Play to help expand the paid apps user base in India.

Ambush marketing reaches digital TV space.

While companies taking dig at their rivals through advertisement campaigns is nothing new with colas, FMCG, and lately even e-commerce space dominating brand wars, the phenomenon has of late caught up with the digital entertainment arena as well.

India to produce at least dozen billionaires among start-ups by 2020, says Assocham.

India is expected to produce at least a score of billionaires and many times millionaires among the start-ups in the next five years with e-commerce, financial services and other technology driven fields generating the maximum interest, an Assocham study on start-ups has pointed out.

Shiksha to provide fund support to schools.

Two city-based chartered accountants V. L. Ramakrishnan and Jacob Abraham have floated RBI licensed non-banking financial company for providing timely assistance to educational institutions and parents in Tamil Nadu.

OYO Rooms raises Rs 630 cr in funding led by SoftBank.

OYO Rooms announced that it has raised $100 million (Rs. 630 crore), led by the SoftBank Group, with participation from existing investors – Greenoaks Capital, Sequoia Capital and Lightspeed India.

Mercedes Benz appoints new managing director for India operations.

German automobile manufacturer Mercedes-Benz said On Monday that Roland S. Folger will take over as the new managing director and chief executive of its India operations from October 1.