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.