CURRENT AFFAIRS FOR 17TH OCTOBER 2015

CORPORATE AFFAIRS, E-COMMERCE AND TECHNOLOGY

1. Interglobe aviation owner of the country's largest and most profitable airline, IndiGo, has set the price band of its IPO at Rs 700-765 a share. The sale could fetch us Rs 3,268 Crores, a valuation of Rs 25,700 Crores.
2. The Country's Telecom regulator TRAI fixes call drop compensation at Rs 1 upto three call drops per user, per day.
3. Facebook Founder Mark Zuckerberg hold a town hall question and answer session at the Indian Institute of Technology, Delhi, on October 28 to connect with Indians.
4. Tata Steel Europe, second largest producer in the region, would cut about 1,200 jobs across its UK division.
5. Reliance Industries saw a rise of 12.5% in consolidated net profit at Rs 6,720 Crore for the quarter ended September.
6. Mahindra and Mahindra unveils Supro Van an eight seater diesel passenger vehicle and the Supro Maxitruck a load carrier with a payload capacity of one tonne.
7. Former CFO of Infosys V Balakrishnan has joined the board of SAP consultancy firm KAAR technologies.
8. Apollo Tyres is mulling hiring a sales team to grow its business in United States.
9. Edelweiss Financial Services reported a consolidated net profit of Rs 95.7 Crores a rise by 21%.
10. Leo Puri, Managing Director of India's fifth largest fund house UTI Mutual Fund, has appointed the new chairman of Association of Mutual Funds in India (AMFI).
11. Aditya Birla Group launched a fashion focused e-commerce portal abof.com with the likes of Myntra and Jabong.
12. Crompton Greaves has sold 13 acres of land in Kanjur Marg area of Mumbai to Runwal Group for Rs 496.48 Crores.
13. Taxi aggregator OLA has hired Infosys outgoing Chief Financial Officer Rajiv Bansal as its New Finance Head.
14. Ecuador plans to cancel its deal with Hindustan Aeronautics after four of the seven advanced light helicopters it had supplied crashed.
15. Venture Capital Investments surged to an all All Time High to $1.44 billion by of 323 deals in nine months of the year.
16. Cafe Coffee Day's IPO subscribed 1.8 times.
17. Delhi based online holiday destination discovery platform Holidify has raised Rs 65 Lakh in an angel funding round led by Aarti Industries, a chemical company.
18. NIIT Technologies reported  70.3% jump in net profit at Rs 68.2 Crore for the quarter ended on September 30.
19. Vedanta Group signed in an early agreement to invest Rs 8,400 Crore to expand and develop its mineral and mining base in Rajasthan.
20. 90 year old company set up in a garage in a mumbai suburb is going listing with Rs 500 Crores maiden IPO. The name of the company is S H Kelkar.

 

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

1. Foreign Exchange Reserves rose $2.22 billion to $329.52 billion.
2. Foreign Institutional Investors sold equity shares worth nearly Rs 5000 Crores in public sector undertakings
3. Central Bureau of Investigation has registered a case of cheating against AC Muthiah and Farouk Irani , Former Chairman and Managing Director, respectively , of First Leasing Company along with others upon a complaint by IDBI Bank.
4. NABARD has facilitated around 9.7 crore poor families in the country to get financially included through its self help group or SHG-Bank Linkage programme and has covered 74 Lakh SHGs.
5.  Advertising Veteran Prasoon Joshi likely to script Maggi's Relaunch campaign.   
6. Drug Firm Unichem Laboratories has received approval from the US health regulator for its Losartan Potassium tablets used in treatment of Hypertension.
7. The Narendra Modi led government is making a fresh attempt at pushing labour reforms, starting with a 'complete makeover' of the 1948 Factories Act to bring it in sync with the government's plan to boost manufacturing and job creation.
8. Maharashtra has declared 14,708 of the state's 43,000 villages drought hit which means it has affected 34% of the state.
9. The Mumbai City experienced temperatures up to 38 degree celsius which was the hottest in the recorded history.
10. State Government wants CBSE, ICSE & IB schools to teach Marathi in Standard I-VIII and Maharashtra's history and geography up to Class V.
11. Taj Mahal Palace Hotel which pioneered the concept of fine dining in Mumbai with Zodiac Grill will roll down the shutters by the month end.
12. Lawyer Harish Salve gets threat calls from fugitive gangster Ravi Pujari.
13. Actor Ravi Kissan's daughter goes missing.
14. Supreme Court may set 5 hour limit for bursting crackers this diwali.
15. 55% polling was recorded in the second phase of Bihar elections.
16. The National Security Guard whose commandos are popularly known as ' Black Cats' will soon induct women in its fleet.
17. Winter this year is expected to be mild over most parts of the country. 
18. CBI busts bottled water scam in railways seizes Rs 27 crores.
19. Delhi government has issued a notification for ban on cooking on roadside.
20. The Supreme Court dismissed a petition seeking initiation of criminal proceedings against PM Narendra Modi for not disclosing information about his marital status during 2012 assembly polls.
21. Flipkarts billionaire founders Sachin Bansal and Binny bansal spent most of the time delivering products to the home of customers who had ordered from their portal during the on-going festive season Big Billion Days Sale.