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.