CURRENT AFFAIRS FOR 23RD OCTOBER 2015

CORPORATE AFFAIRS, E-COMMERCE AND TECHNOLOGY

1. For the quater ended for 156 companies the net profit rose to 3.9% year on year despite a 9.5% fall in net sales.
2. Sony Music Entertainment eyes 25% market share and is planning to enter the pop business and child-related content in a big way.
3. Zydus Cadilla net profit up 41% at Rs 391 crore for the quarter ended September 30.
4. Gamesa India has signed a 100 Megawatt power project order with Hero Future Energies.
5. About 75% OF 3,450 live real estate projects with investments of Rs 14 Lakh Crores remained non-starters of 2014-15.
6. LIC has initiated talks with public sector banks to sell the 35% stake held by Nomura, in its mutual fund arm.
7. Bharat Diamond Bourse has banned trading of synthetic diamonds on its premises.
8. Mumbai Metro One Pvt Ltd an arm of Reliance Infrastructure has said there won't be any change in the discounted fares for travel along the 11.4Km metro rail Versova-Andheri-Ghatkopar corridor till November 30.
9. Honkong listed women's footwear retailer C.Banner International Holdings will buy 255 year old British Toy Shop for around $154.32 million.
10. Apple Inc will build an additional 200 megawatts of Solar power in China and push suppliers to make similar commitments, as the maker of I-pad and Apple Watch seeks to offset its global emissions in the world's most polluting country.
11. Hyundai Motor said its net profit fell by 23% in third quarter from a year earlier.
12. Housing Finance company DHFL has roped in Shahrukh Khan as its brand ambassador.
13. Singapore's sovereign wealth fund GIC has picked up 50% in US firm Tishman Speyer's Waverock office project in Hyderabad.
14. Keedara Capital is close to picking up 20% stake in ZCL chemicals formerly known as Zandu Chemicals for Rs 180 Crores.
15. Technologies developed in India but having their patents registered in tax havens may come under the domestic tax net from next fiscal year.
16. Reboot Systems India, a refurbisher of desktop computers, laptops and smartphones is in talks to raise $15-25 million in early stage funding as PE interest in the business rises.
17. 32.6 million expected global shipments of HDR TV sets in 2019.
18. Strides Arcolabs, an Indian Drugmaker has expanded its portfolio of offerings by acquiring brands from two companies in separate transactions. Strides signed a deal to buy seven of Johnson and Johnson brands.In a separate transaction it will acquire a majority stake in domestic branded businesses of Medispan.
19. Airline losses to come down 35% to Rs 5,500 Crores this fiscal year.
20. NRI businessman GP Hinduja and his brother SP Hinduja have been judged the most influential Asians in Britains.
21. Coca-Cola Posts 4% volume growth in July-September 2015 quarter.

  

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

1. Shiv Sena attacks BJP but rules out Break-up on issues such as ties with Pakistan, consumption of beef and inflation.
2. Rural inflation which is 6.5% is higher than urban inflation which is 4.5% according to HSBC.
3. Japan has offered to finance India's first bullet train, estimated to cost at an interest rate of less than a percent. 
4. Services provided towards the basic accounts opened under Pradhan Mantri Jan Dhan Yojana will be exempted from service tax.
5. India defeat South Africa in ODI series now tied at 2-2 with one to play.
6. Central Government gives away 2 crore LED bulbs and saves Rs 1000 Crores a year.
7. Actor Sanjay Dutt has bought a franchise in the UAE based Master Champions League for retired International Cricketers to begin next year.
8. 2015 likely to be the hottest year ever recorded.
9. Bollywood Singer Labh Janjua found dead in Goregaon flat.
10. Maharashtra Government has frozen irrigation projects worth Rs 500 Crores.
11. The Maharashtra State Government has disbursed the first installment of Rs 22 Lakhs meant to be disbursed to unaided, non-minority schools in Mumbai region for admitting students to the 25% seats reserved under Right to Education Act,2009.
12.  PM Modi lays the foundation stone ceremony of New Capital of Andhra Pradesh which is Amravati.