CURRENT AFFAIRS FOR 31ST OCTOBER 2015

CORPORATE AFFAIRS, TECHNOLOGY, CARS AND E-COMMERCE

1. The board of Century Textiles has appointed Kumar Mangalam Birla as the Vice-Chairman of Century Textiles.
2. The Prem Watsa founded Fairfax Financial Holdings will increase its stake in ICICI Lombard General Insurance by 9% for Rs 1,550 Crores.
3. Tata SIA joint venture appointed Sanjiv Kapoor as its Chief Strategy and Commercial Officer.
4. Maruti Suzuki, the country's largest car maker has once again topped the after sales customer service satisfaction rankings conducted by International Research firm JD Power.
5. Entertainment Network Viacom 18 has appointed Ferad Palia as the head of Youth Brand MTV and Pepsi MTV Indies.
6. Tata Teleservices Maharashtra has posted net loss of Rs 156 Crores during July September Period.
7. Renault India's new new entry level hatchback kwid has managed to get 50,000 bookings within five weeks of its launch.
8. Titan Company profit declined 25% to Rs 145 Crores.
9. Shoppers Stop posted a 24% drop in its net profit for the September quarter. The company posted a net profit of Rs 13 Crores.
10. Larsen & Toubro net profit increased to Rs 996 Crores for the September Quarter.
11. Suzlon Energy Ltd reported a consolidated loss of Rs 181 Crore for September Quarter.
12. Investor Rakesh Jhunjhunwala picked up 1.05% stake in Jet Airways for Rs 50.5 Crores through an open market transaction.
13. Private Sector lender Kotak Mahindra Bank reported a 31% growth in consolidated net profit for the July-September 2015 Quarter to Rs 942 Crores.
14. ICICI bank posted a 12% rise in net profit to Rs 3,030 Crores.
15. Karnataka Bank reported a 15.59% jump in second quarter profits at Rs 102.25 Crores.
16. Fiat Chrysler is recalling 900,000 vehicles around the world to fix issues relating to airbag department and anti-lock braking system.
17. SH Kelkar's IPO has been subcribed 27 times compared to 20.2 million shares on offer. The Rs 500 Crore IPO saw 546 million bids worth Rs 9,800 Crores.
18. WS Retail, the largest seller on India's biggest online marketplace Flipkart, nearly tripled its turnover to Rs 10,163 Crores in FY 15.
19. Facebook has parted BSNL to create 100 Wi-Fi hotspots in rural India to drive digital penetration in India.
20. Flipkart plans to invest to Rs 26,000 Crores in Logistics Push.
21. Ajanta Pharma reported a 20.4% rise in consolidated net profit to Rs 100 Crores for the second quarter ended September 30,2015.
22. Jabong has appointed MD Sanjeev Mohanty as its CEO.
23. Jungoo has received fresh funding of $10 million from PayTM.

   

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

1. Centre's Fiscal Deficit in the first half of the curent financial year stood at Rs 3.78 Lakh Crore or 68.1 % of the Budget estimate for the year.
2. The RBI's Foreign Exchange Reserves fell $1.98 billion to $351.55 billion.
3. IPL 8 contributed Rs 1,150 Crores to India's GDP.
4. Air Travel between big cities and metro to cost more as government is planning to levy 2% cess.
5. UN Report has said that the global temperature may rise by2.7' Celsius.
6. The maximum speed has been incraesed at Bandra -Worli Sea link is 80 Kmph and on Marine Lines to 60Kmph.
7. To avert bus strike, BEST gives workers Rs 5000 bonus.
8. Only 17.5% pass in CBSE's Central Teacher Eligibility Test out of the 6.5 lakh candidates.
9. Filmmaker and Veteran Naresh Saxena announced that he will return the 1991 national award he received for his shortfilm 'Sambandh'.

  

CURRENT AFFAIRS FOR 30TH OCTOBER 2015

CORPORATE AFFAIRS, E-COMMERCE, TECHNOLOGY AND CARS

1. IndiGo IPO receives bid for more than six times the shares on sale.
2. Xiaomi will begin a Pre-diwali sale where consumers will be able to purchase Mi Goodies for Rs 1 from November 3.
3. Online platform AskMe, the flagship product of Getit Infomedia, that provides information on restaurants, travel, matrimony, jobs, education, mobile and gadgets in the title sponsor for the second edition of the Grand Diwali Mela.
4. 7,200 startups have been selected to participate in Facebook's FbStart.
5. Samsung Quarter 3 earnings reveal first profit in two years.
6. Nestle announced 60% drop in its consolidated net profit for september quarter. It declined to Rs 124 Crore from Rs 311 Crore. Its income came down from Rs 2,586 Crore to Rs 1,769 Crore.
7. Beacon Technologies has raised Rs 52 Lakh in a seed round funding.
8. Dr Reddy Laboratories net profit for second quarter grew 26% to Rs 722 Crores while sales grew 11% to Rs 3,989 Crores.
9. Aditya Birla Group Grasim Industries reported 17% increase in consolidated net profit at Rs 489 Crore for September Quarter.
10. Bharat Forge muted earnings growth on account of lower revenue was Rs 175.1 Crore as compared to Rs 174.2 Crore.
11. Tyre Maker MRF reported a 45.4% surge in its net profit at Rs 460.7 Crore for the quarter ended 30 September 2015.
12. FMCG major Colgate Palmolive reported a 21.1% rise in its net profit to Rs 156.9 Crore for the second quarter September 30.
13. FMCG firm Emami reported 33% decline in consolidated net profit at Rs 61.3 Crore for the Second quarter ended September 30.
14. Drug Firm Jubilant LifeSciences reported a consolidated net profit of Rs 115.8 Crores for the second quarter ended september 30.
15. Local Search Engine Just Dial has reported a 47% surge in its net profit at Rs 46.3 Crores for the quarter ended September 30.
16. Infrastructure Major HCC  reported fivefold jump in standalone net profit at Rs 38.4 Crore for the quarter ended September 30.
17. Food ordering platform Tiny Owl has raised Rs 50 Crore from existing investors Sequoia Capital and Matrix Partners.
18. Last Minute Hotel Bookings startup is in talks to raise up to Rs 65 Crores to beef up its technology and expand operations.
19. Foreign Companies are in talks to buy a stake of upto 24% in Bina refinery in Madhya Pradesh owned by BPCL and Oman's State Oil firm.
20. Drug Maker Cipla has entered into an agreement to sell its entire stake in Biomab Holding to Biomab Brilliant for a consideration for $ 25 million.
21. BeaconsTalk  raises Rs 52 Lakh in seed round funding.
22. Rajeev Bakshi will step down as the MD of German Retail Company Metro Cash And Carry by the end of January 2016.
23. Sanjiv Kapoor has stepped down as COO of SpiceJet.
24. Essel Finance applies for license to start housing finance business.
25. Noida based Moglix raises abou $ 1.5 million from Accel Partners and Jungle Ventures.
26. Allergan Inc, the company that manufactures Botox and Viagra maker Pfizer Inc confirmed they were in talks for merger.
27. Regulate online sale of Drugs Bombay High Court tells state.
28. Global Private Equity major General Atlantic is leading an upto $200 million or Rs 1,300 Crore investment in online payment services provider BillDesk.

    

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

1. The telecom regulator TRAI stood by its order that carriers must compensate users for dropped calls and said it was technologically possible to detect whether a call had dropped due to an error on part of the operator or not.
2. IndiGo IPO receives bid for more than six times the shares on sale.
3. Security forces in Jammu and Kashmir fighting militancy has gunned down top LeT chief Abu Qasim in an encounter in an encounter in Kulgam area of south kashmir.
4. The Centre will fund top 10 institutes to help them get into the Big League.
5. India has announced a Line of Credit of $10 billion at a concessional rate for a period of five years to Africa besides extending $600 million for development related, economic and capacity building projects in addition to the ongoing LoC supported programs.
6. The Centre has decided to create 140 posts for its support arm units.
7. The members of dance troupe returns Rs 8 Lakhs to CM'S relief Fund.
8. China has scrapped the 1 child policy and announced that all married couples can have 2 children.
9. Regulate online sale of Drugs Bombay High Court tells state.
10. The medical department led by state minister Vinod Tawade appointed additional collector Sanjay Nirbhane as administrative dean of Government run JJ Hospital.
11. Swachh Maharashtra Mission, government officials have voluntarily adopted 19 towns in the state to implement the project in timebound manner.
12. Under the New Education Policy proposed by the Centre, students of Classes I to VI may be taught in their mother tounge.
13. TRAI has decided to name and shame telecos facing call drop complaints.
14. The world bank sees India growing at 7.5% in FY16.

CURRENT AFFAIRS FOR 29TH OCTOBER 2015

CORPORATE AFFAIRS, E-COMMERCE, TECHNOLOGY AND CARS

1. Reliance Jio may have delayed launch of its fourth generation mobile internet services to the next financial year. Having invested Rs 100,000 Crore in the venture and plans to put a similar amount in the upcoming days and has set a target of 100 million subscribers.
2. Interglobe aviation's Rs 3,100 Crores IPO offering was fully subscribed. The IPO has fully received 32.6 million bids, 1.36 times of the 30 million shares on offer.
3. Jet airways reported a net profit of Rs 83 Crores in the September Quarter.
4. Maruti Suzuki is set to start an experiment for a new sales network to sell light commercial vehicles due to launch early nexy year. The network of LCV's will be smaller, no-frills set up, without air-conditioning.
5. Competition Commission of India have dismissed a complaint on Jaypee Group.
6. Videocon has tied up with Microsoft to launch Windows based Smart Television Sets.
7. Hindustan Coca-Cola, the bottling arm, gets Marketing and Distribution rights of products under Georgia brand.
8. Flipkart would showcase phones at various Spice Hotspot Stores across India.
9. Hero Moto Corp launches its new Duet Scooter priced at Rs 48,400.
10. HT Media profit down by 8.7% for the quarter ended September 2015. The profit touched Rs 48 Crores from Rs 52 Crores.
11. JSW Energy profit up by 54%. The consolidated net profit for the quarter was Rs 491.9 Crores.
12. TVS Shriram Growth Fund acquires 4% equity stake in Indian Energy Exchange for Rs 81 Crores.
13. JK Tyre net profit for september up by 88%. The net profit rose to Rs 110 Crores from Rs 58 Crores.
14. Telenor India's operating loss widens to Rs 286 Crores in the September 2015 Quarter.
15. Ambuja Cement's Profit down by 35% from weak cement demand.
16. Jes Staley appointed as CEO of Barclays.
17. Drug Store chain Walgreens Boots alliance Inc would acquire smaller peer Rite Aid Corp for $ 9.4 billion.
18. Oriental Bank of Commerce plans to raise capital worth Rs 1000 Crores through Basel III Compliant Tier II bonds.
19. Axis Banks plans to Raise Rs 3000 Crores by way of Infrastructure Bonds.
20. Syndicate Bank profit up by 5.3% to Rs 332 Crores in September quarter.
21. Telecom major NTT Communications might invest Rs 2000 Crores to double its data centre business in India.
22. HDFC Bank has been ranked as 27th safest bank in the world.
23. Reliance Jio to raise Rs 3000 Crores by issuing debentures.
24. 320 million active users on Twitter compared to last year.
25. Torrent Power Reports Rs 246.2 Crores Net Profit in the September Quarter.
26. Exide Industries posted 24% rise in net profit at Rs 156 Crores for the second quarter September 30.
27. The Rs 500 Crore IPO of SH Kelkar was subscribed 0.4 times on 1st day.
28. Go Airlines plans to raise $ 150 million from IPO.
29. Volkswagen sees 1st quarterly loss in 15 years.
30. Times Group launches India's First realty channel MagicBricks Now.

       

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

1. Vidya Devi Bhandari appointed as First woman Pesident of Nepal.
2. Bank Credit grows 9.5% to Rs 68 lakh Crores.
3. Government approves 16 FDI proposals worth Rs 4,722 Crores.
4. Najib Shah was appointed as the chairman of CBEC.
5. Dibakar Banerjee and 9 other filmmakers have returned their national awards in support of FTII students and against killing of writers.
6. The Supreme Court has refused to put a ban on bursting firecrackers .
7. Oscar Winning actor Gwyneth Paltrow was feted with the Style Icon Award this year.
8. Facebook founder and CEO backs net neutrality and Free basics.
9. The transport department plans to increase the cost of new permits from Rs 200 to Rs 20,000.
10. FTII students call off 139 day strike.

  

CURRENT AFFAIRS FOR 28TH OCTOBER 2015

CORPORATE AFFAIRS, E-COMMERCE, CARS AND TECHNOLOGY

1. Jasper Infotech which operates online marketplace Snapdeal.com is in talks with existing and new investors to raise about Rs 2000 Crores for its digital services platform Freecharge.
2. ReNew Power has raised Rs 1,700 Crores of equity from Abu Dhabi investment authority , Goldman Sachs and Global Enviornment Fund.
3. Flipkart has blacklisted about 40 sellers through its mystery shopping network of 60 employees.
4. Narendra Modi's government attempt of ease of doing business have yielded a good result with the country jumping from 142nd spot to 130th spot as per the reports of World Bank.
5. Instant messaging based delivery startup Magic Tiger has acquired Zoyo, an artificial intelligence based platform that allows users to shop over chat.
6. Mobile Technology company Quixey which is backed by Chinese ecommerce Alibaba group has launched a product that tries to reimagine the android experience with a new launcher which brings all its capabilities of a smartphone into one searchable hub.
7. 570 million daily active users on WeChat in September 2015.
8. Lupin reported a 35% drop in net profit to Rs 408.8 Crore from Rs 630 Crore a year ago.
9. TVS Motor Company reported a 22% increase in standalone net profit at Rs 116.41 Crores for the second quarter ended September 2015.
10. Blackberry appoints Narendra Nayak as MD of India operations.
11. Two employees of TCS have been taken into police custody for allegedly tampering with the database of Geomological Institute of America and altering diamond grading reports.
12. Vedanta profit declines 41% in Quarter 2.
13. Jubilant Life looks to raise Rs 1,300 Crores through issuing of securities.
14. Realty firm Tata Housing has sold 250 flats worth over Rs 100 crores in its housing project at Goa.
15. Tyre maker CEAT posted 30.4% increase in consolidated net profit at Rs 107 Crores for the second quarter.
16. Thermax reported 24.6% drop in standalone net profit at Rs 64.8 Crores for the quarter ended September 30 2015.
17. Bharti Airtel sold its 700 towers in Burkina Faso to Eaton Towers making it the most recent deal the indian telecom major has concluded in its move to sell its towers in Africa and use the proceeds to pare debt.
18. Trend West, the yet to be launched online venture of Tata Trent has acquihired the fashion vertical of Bengaluru based brand Eat.Shop.Love. (ESL) to power its foray into e-commerce.
19. Idea Cellular the country's third largest telecom carrier by subscribers is in talks with China's TCL communications to procure 4G ready smartphones to support its soon to be launched high-speed broadband services in the country.
20. Axis Bank profit rises 19% in quarter 2.
21. Fragrance manufacturer S H kelkar has raised Rs 150 Crores from a group of anchor investors.
22. InterGlobe Aviation the parent of IndiGo Airline was subscribed 87% of its Rs 3,018 Crores issue size on the opening day.
23. Ortho Clinical Diagnostics a business unit of Johnson and Johnson India has been hived off into a separate company as a part of a global restructuring.

   

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

1. Sachin Tendulkar and Shane Warne have joined the chorus clamouring for cricket to become an olympic sport.
2. Indian Leg Spinner Amit Mishra is arrested by Bengaluru police and questioned for about three hours and then gets bail.
3. Road Transport And Highways Minister said that Central Government is planning to award over 100 road projects under Public-Private Partnership mode in the next fiscal year.
4. The Maharashtra Government has exempted students in drought hit Marathwada from paying bus fares on the state transport buses.
5. BJP led NDA government may reduce the number of centrally sponsored schemes to 50 and flexi funds available to states to 25% from 10%.
6. Implementation of the Trade Facilitation Agreement has the potential to increase Global merchandise exports by up to $ 1 trillion per annum with developing countries expected to capture more than half of its gains said WTO.
7. Maharashtra Government has decided to withdraw its controversial sedition circular.
8. Underworld Don Chhota Rajan's trusted aide Vicky Malhotra could be king over Rajan's Business.
9. Raigad Traffic Police and the state highway traffic police caught 40 speeding motorists on the Mumbai-Pune Expressway at Lodhivali on Sunday.
10. CIDCO earned nearly Rs 200 Crores through the sale of seven tender plots in Nerul and Belapur.
11. Around 250 kg fish were found dead along the shores of Airoli, Gothivili and Ghansoli creeks.
12. HC to see if FB contract puts privacy at stake.
13. CBI charges rice producer REI Agro for defrauding 15 banks of Rs 3,814 Crores.
14. Ban on CM's photos in ads irrational and unreasonable, Centre tell SC.
15. Washington State expects marijuana sales tax to bring in more than $1 billion over the next four years. 

CURRENT AFFAIRS FOR 27TH OCTOBER 2015

CORPORATE AFFAIRS, E-COMMERCE, TECHNOLOGY AND CARS

1. Nestle has begun production of Maggi Noodles in three states after the brand cleared court directed safety tests last week. The states in which it has resumed its production are Karnataka, Goa and Punjab.
2. Bharti Airtel, the India's largest telecom operator reported a 10.1% rise in net profit for the September quarter to Rs 1,523 Crores.
3. InterGlobe aviation, the company's most profitable airline, IndiGo, raised Rs 832 Crores from 43 Anchor investors.
4. HDFC has become the first Indian Company to receive an in-principle board approval to raise rupee denominated bonds abroad also called as masala bonds,. The company's board approved raising up to $ 750 million via this route.
5. The department of disinvestment wants the PSU stake sale target for the current financial year be more than halved to Rs 30,000 Crores.
6. Meru Cabs is planning to raise $ 100 million by the first quarter of 2016. It is planning to raise $ 200 million in 2016.
7. Essar Projects along with Italy's Saipem SpA, won a $ 1.57 billion order from Kuwait National Petroleum Country to set up Al-Zour Refinery project in Kuwait.
8. Vodafone India's enterprise division has tied up with construction equipment maker JCB India to provide remote monitoring services of the machines also known as machine to machine services.
9. Drug Maker Lupin has announced the launch of calcium acetate capsules in the US market.
10. Netmeds.com announced it had closed on $ 50 million in tranched financing.
11. Himachal Futuristic Communications Ltd a telecom service provider has posted a 4% increase in Profit After Tax at Rs 72 Crore for the september quarter.
12. Public Cloud Service Revenue in India is forecast to touch $731 million by the end of 2015, growing more than 31% over the last year.
13. Crompton Greaves is selling its power systems business to PTI holdings Corporation for C$20 million.
14. Standard Chartered plans to exit from equity derivatives and convertible bonds businesses.
15. Toshiba Corp is set to sell its image sensor business to Sony Corp for around 20 billion yen.
16. Intercontinental Exchange Inc would buy Financial Data firm Interactive Data Corp from investment firms Silver Lake and Warburg Pincus LLC in a deal valued at $5.2 billion.
17. State run Rural Electrification Corp is planned to raise Rs 700 Crores through public issue of tax free non-convertible bonds.
18. Indian E-Commerce sector's growth looks strong and is expected to reach $35 billion by 2019.
19. HDFC bank India's Second largest private sector lender has rationalised the number of Automated Teller Machines network by 276 in the July-September Quarter.
20. Indian Railway Finance Corporation Ltd will issue long term bonds worth Rs 2000 Crores to Life Insurance Corporation Of India.
21. State Bank of Mysore reported a 30% jump in Net Profit to Rs 131.98 Crores for the July-September quarter.
22. The Reserve Bank of India has allowed foreign investors to raise their stake upto 74% in DEN networks.
23. Premji Invest has picked up a minority stake in Hygienic Research Institute, the maker of Vasmol and Streax Hair Colour Products for Rs 216 Crores.
24. ASCI has upheld complaints against 74 campaigns for misleading ads, including those of e-commerce majors Amazon and FMCG biggies such as HUL and Reckitt Benckiser.
25. Reliance Brands will soon foray into two new retail segments- Beauty and Children's clothing and also want to step up its online presence for its luxury brands through exclusive web stores.
26. Mobile Phone and Tablet maker Data Wind is teaming up with Anil Ambani owned Reliance Communications to launch the world's most affordable smartphone priced at Rs 999 by the end of 2015.
27. Online Payment gateway Razorpay has raised about Rs 58 Crores in a round led by Tiger Global.
28. Talent assessment and analytics platform Jombay has raised an undisclosed amount of funding from Venture Works India.
29. Hyperlocal delivery startup Roadrunnr has raised Rs 65 Crores from internal investors Sequoia Capital and Nexus Ventures.
30. 30% of all UBER rides take place in China.
31. Entertainment Network India Limited operator of India's largest FM radio channel Radio Mirchi posted a 16% jump in quarterly net profit to Rs 27 Crores.
32. Oman India Joint Investment fund sold off its entire stake of 4.28% in Solar Industries India for a little over Rs 240 Crores.
33. Thomas Cook Owned Sterling Holiday Resorts has signed an agreement to acquire a full stake in Mumbai based adventure holiday company Nature Trails Resorts for an undisclosed sum.
34. Quess Corp has signed an deal to buy Srilankan arm of Human Resources service provider Randstad India for an undisclosed amount.
35. Energy Solutions provider Inox Wind reported a 63.4% rise in consolidated net profit at Rs 89.1 Crore for september quarter.
36. Drug maker Lupin appointed Martin Mercer as President of its Latin American Business with immediate effect.
37. Drug Maker Alkem Laboratories has received SEBI's approval to raise Rs 1,500-3,500 Crores through an IPO.

       

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

1. Afghanistan's strongest earthquake measuring 7.5 on the richter scale, in about six decades shook buildings across South Asia prompting officials to send rescue teams to search for survivors.
2.  The Maharashtra Food and Drug Administration will soon file a petition in the Supreme Court to continue the ban on Maggi Noodles.
3. Underworld Don Chhota Rajan arrested in Bali, Indonesia.
4. The government has appointed the national co-covenor of BJP's legal cell and the secretary of BJP parliamentary Party, Balasubrahmanyam Kamarsu on the board of Employees Provident Fund Organisation as an industry representative.
5. Director General of National Investigation Agency Sharad Kumar is all set to get an extension for another year.
6. The mass Hindu pilgrimage Kumbh Mela could soon be nominated by the Indian Government for inscription on the Global Intangible Cultural Heritage list by UNESCO.
7. Defence Minister Manohar Parrikar said that the notifiaction for One Rank One Pension will be issued before Diwali.
8. Deepika Kumari bagged her fourth silver medal in five years at the Archery World Cup Final.
9. India have retained their second position in the ICC ODI ranking despite their 2-3 defeat to South Africa.
10. Wankhede stadium Curator and Former Test Opener Sudhir Naik has lodged an official complaint with MCA against Team India director Ravi Shastri for abusing him during fifth odi.
11. The Rajasthan Government is in the process of doing away with the old syllabus in government schools. More than 3 crore textbooks which are worth Rs 50 Crore will fetch around Rs 5 Lakhs.
12. Geeta the deaf and mute girl who landed in Pakistan mistakely has returned to India. 
13. The state industries department has registered a seven fold increase in assured industrial investments and employment since last october. Maharashtra has received investments assurances of Rs 72,325 crores with a promised creation of 72,904 jobs in 42 projects.