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.