CURRENT AFFAIRS FOR 20TH OCTOBER 2015

CORPORATE AFFAIRS, E-COMMERCE, CARS AND TECHNOLOGY

1. IndiGo cuts IPO size by Rs 200 Crore to Rs 3000 Crores. The promoters of the company will now sell about 23 million shares, against 26.1 million proposed for the IPO's offer-for-sale (OFS) component.
2. HCL Technologies reported a 7.9 % fall in Net Profit for September Quarter 3 at Rs 1726 Crores.
3. UltraTech Cement reported three percent growth in consolidated net profit for the quarter ended September at Rs 427 Crores, owing to increased sales and better operating margins.
4. Infosys would acquire US-based Noah Consulting for $70 million (Rs 454 Crores) in an all cash deal.
5. Hindustan Zinc's Net Profit up by 5% at Rs 2,285 Crores for the September quarter.
6. Fertilizer Firm Mangalore Chemical And Fertilizers Ltd appointed Arun Duggal as Chairman.
7. Maruti Suzuki, India's largest car maker announced the introduction of Ciaz RS, a new variant of its popular mid-size sedan at Rs 9,20,000.
8. Taxi hailing service Ola has crossed the 25 million unique customer milestone and claims to have served 150 million bookings on its platform till date.
9. Petronet LNG Net Profit down by 5.3% at Rs 248 Crores.
10. Snapdeal has shipped six million orders as part of its diwali sales.
11. Mangalore Chemicals and Fertilizers Ltd reported a net loss of Rs 19.4 Crores.
12. The Board of Indian Hotel Company, the country's biggest hotel chain, approved the amalgamation of two of its wholly owned subsidiaries into itself. 
13. Fiat Chrysler Automobiles India launched hatchback Abarth Punto at Rs 9.95 Lakh.
14. Wall Street Bank Morgan Stanley profits drops by 42%.
15. Chipmaker Microsemi Corp offered to buy PMC-Sierra Inc for about $2.2 billion, trumping a $2 billion offer from SkyWorks Solutions Inc.
16. John Cryan, Co-Chief Executive Officer at Detusche Bank is splitting the investment bank as he prepares to scale back the trading empire built by his predecessor.
17. Italian Chocolate Maker Ferrero Rocher to invest Rs 367 Crores in India.
18. Ola eyes 3 million daily bookings by April next year.
19. Attune Technologies a Chennai- Based software product firm, has raised Rs 64 Crores in a funding round that was led by Qualcomm Ventures India and existing investor Norwest Venture Partners.
20. Xiaomi has unveiled a self-balancing scooter called Ninebot Mini.
21. 468 million phones sold by Nokia in its peak in 2008.
22. AgentDesks, a mobile first CRM for real estate agents, has announced that it has raised $2.95 million from Sierra Ventures, Cota Capital and Vegas Tech Fund among others in a seed round.
23. Hyperlocal Delivery startup Opinio has raised Rs 45 Crores in a funding round led by logistics company Delhivery with the participation of Sands Capital Ventures and existing investor Accel Partners.
24. Private equity firm Carlyle, Kedaara Capital and Multiples Alternatives are among a clutch of firms negotiating with South African Drugmaker Adcock Ingram for acquiring its loss-making India unit, Cosme Farma.
25. Apollo Health and Lifestyle, a subsidiary of Apollo Hospitals, has hired investment bank Spark Capital to manage divestment of 25% stake to private equity funds as it seeks to raise Rs 500 Crores to fund expansion.
26. Private Equity Firm India Value Fund Advisors will invest between $100 million and $150 million (Rs 640- Rs 970 Crore) in food business over the next two years.
27. White Owl Brewery has raised Rs 10 Crores from Angel Investors.
28. Alibaba founder Jack Ma, has been appointed by British Prime Minister David Cameron to advise him on business.
29. Real Estate aggregator platform Square Yards has acquired Oryden Tech Labs, a creative design studio based out of Ahemdabad for an undisclosed amount.
30. Jacqueline Reses a Chief Development Officer at Yahoo is resigning to join Jack Dorsey's Square.
31. International rating agency Standard & Poor's has retained India's sovereign rating at 'BBB' with stable outlook on the back of improved policy stability and predictability but ruled out an upgrade.

  

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

1. China's growth slows to 6.9% in September quarter compared to the year ago period.
2. Gujarat and Karnataka lifted a ban on Nestle's India's Maggi Noodles. Karnataka's move will allow Nestle India to manufacture the product at its plant in the state.
3. Central Government raised the import duty on wheat to 25%.
4. Nepalese Deputy PM Kamal Thapa met PM Modi in an effort to overcome the hiccups in bilateral ties.
5. Delhi's Aam Aadmi Party government is planning to push its mobile app      'Poocho' as an option to commuters looking for Taxis and Auto.
6. Sankritist SR Bhatt likely to head Indian Council of Philosophical Research.
7. The Election Commission has asked its officials to ensure deployment of central para-military forces at all polling stations in Bihar during the remaining phases of polls.
8. Public Sector lender Oriental Bank of Commerce will raise Rs 1000 crore through an issue of tier-II bonds on private placement basis.
9. ICC withdrew Pakistan Umpires Aleem Dar from officiating in the remaining two matches of the ongoing ODI between India and South Africa.
10. 5 former ministers who demitted office years ago have still not cleared their telephone bills worth Rs 4 Lakhs.
11. Out of 722 Navratri Mandaps 230 Mandaps were illegal.
12. Actor Vishal Thakkar held for sexual assault of TV actress.
13. Railway Minister Suresh Prabhu has ordered a review of all catering contracts and blacklisting of companies involved in unfair and corrupt practices.
14. Government to import 3,000 tonnes of pulses.
15. Former Indian Olympic Association President Ashwini Kumar who was honoured with Olympic Order in 2002 passes away.