CURRENT AFFAIRS FOR 16TH OCTOBER 2015

CORPORATE AFFAIRS, E-COMMERCE AND TECHNOLOGY

1. TRAI has said that telecom users will be compensated Rs 1 for every call drop. Telecom operators will however compensate only three call drops per user, per day.
2. The Australian Enviornment Ministry cleared the way for Adani Groups $ 7 billion Carmichael Mine and Rail project in Queensland province.
3. The country's merchandise exports fell for a 10th consecutive month in September. Exports contracted 24.3 percent , the steepest in 75 months, $21.84 billion in September, against $ 28.86 billion in September 2014.
4. Aircel to offer free basic internet to push mobile internet usage. The company under its Free Basic Internet Programme, is offering service with download speed of 64 kilobytes per second.
5. TVS motors has roped in Amitabh Bachchan as its Brand Ambassador.
6. Luxury Car Maker BMW launched its M-Range of Cars.
7. Hewlett Packard (HP), the country's largest computer and printer manufacturer, is transforming its product portfolio to increase its market share and beat competition.
8. Capital Local Area Bank, a Jalandhar based entity which got a license for a small finance company, plans to make a public offer of equity in 2017.
9. HSBC holdings Plc will cut the pay of hundreds of part time contractors as its investment banking aim in London by 10% and ask them to take two weeks of unpaid leave.
10. The Construction Industry Development Board of Malaysia has proposed to invest $ 30 billion in urban development and housing projects in India.
11. Chinese E-commerce giant Alibaba has received CCI's approval for buying 4.14% stake in snapdeal.
12. Cafe Coffee Day IPO subscribed 75% a day before its close.
13. Amazon expects India to overtake Japan, Germany and the UK to become its largest overseas market besides becoming the quickest to reach $10 billion in Gross Merchandise Value. 
14. Contract Advertising has bagged the account of Sandeep Goyal's Tango Media.
15. Advertising Agency Lowe Lintas Bengaluru has bagged the creative account of two wheeler auto firm TVS Motors Popular brand TVS Sport.
16. Faasos will begin selling its own brand of Jams,sauces and pickles through a retail website which is set to launch next year.
17. Venture Debt Provider Innoven Capital expects a two third increase in its deal count as it hopes to lend up to Rs 300 Crore to startups by the end of this year.
18. LG G4 will be the first non-nexus device to receive Android 6.0 Marshmallow Software.
19. There are 10 music videos on You Tube with over 1 billion views.
20. China's Sany Group will invest $3 billion in renewable energy in the next four years and its ready to expand its India Portfolio to $ 16 billion.
21. Amazon is in advanced talks to buy a stake in on demand home services company Housejoy.
22. Former MD of Reliance Jio Sandip Das to join Analysys Mason on November 1.
23. Volkswagen to recall 8.5 million diesel cars in European Union.
24. LIC housing finance reported a 21% jump in profit after tax Rs 411.7 Crores during the quarter ended September 30 2015.  

POLITICS, ECONOMY, CRIMES, ENTERTAINMENT, SPORTS AND NEWS AROUND THE WORLD

1. The supreme court modified its order on the use of Aadhar Identity Cards bringing within its fold four additional social welfare schemes-Provident Fund and Pension Schemes, The Mahatma Gandhi National Rural Employment Guarantee Scheme and The Jan Dhan Yojana.
2. CARE ratings has downgraded Bank Of India's Tier-II bonds from 'AAA' to 'AA+', citing deterioration in asset quality and a decline in profitability.
3. Oil Companies announced a rise of 95 paise in diesel rates.
4. Maharashtra announces 6% dearness allowance of state employees with effect from January 1 2015.
5. The supreme Court has directed Maharashtra Government to permit the dance bars to function in Mumbai.
6. Bollywood actors Rishi Kapoor and Ranbir Kapoor buys 2 flats in Trump Towers in New Delhi which is spread over 6,100 sq.ft each.
7. It was the hottest day for Mumbai City when the temperature touched 37.2 degree celsius.
8. Communist China has more billionaires than capitalist US. 596 in china as compared to America's 537.
9. Bengaluru ranks world no. 1 in office rental yield at 10.5%.
10. The highest pay packet offered for summer placement at Jamnalal Bajaj Institute of Management studies went up by 35% compared to last year.
11. Maharashtra and Gujarat have most Cheese lovers at 33% and 16% which consume 50% of country's dairy product.
12. ED busted another module allegedly involved in money laundering of nearly Rs 600 Crores  using a Ghaziabad branch of Oriental Bank of Commerce.
13. Doctors have found that Ebola virus can live in males upto 9 months.
14. Facebook is working on Breaking News app which will notify the users and is planning to launch by october end.