Tuesday, 11 October 2016

CURRENT AFFAIRS FOR 11TH OCTOBER 2016

CORPORATE AFFAIRS, E-COMMERCE, TECHNOLOGY AND CARS

1. Major Consumer product companies are busy tweaking their warehousing systems and supply chains and modernising their IT infrastructure ahead of roll out of their unified goods and services tax regime which will facilitate seamless interstate movement of goods and services.
2. Piramal Enterprises has agreed to acquire five injectable anesthesia and pain management products of Jansen Pharmaceuticals for about $ 175 million or Rs 1,164 Crores.
3. Samsung Electronics halts the production of the flagship Galaxy Note 7 smartphones after reports of fire in replacement devices added to the tech giant's worst recall crisis.
4. Emerald Media, a pan-asian media investment platform set up by US private equity giant KKR, has decided to buy a significant minority stake in Yupp TV, a homegrown version of video streaming site Netflix targetted at Non-Resident Indians.
5. RBI issued ARC license to fortune financial, Encore ARC and a accounting firm promoted by Amit Bhandari.
6. Samsung sales may likely to fall in the premium segment by 7-9% due to the delay in launch of Note 7.
7. The terrorist attack in Uri and India's surgical strikes in Pakistan Occupied Kashmir in response has had an adverse impact on 'SACHIN' a pakistani brand of hockey sticks popular among Indian Players.
8. Mobile handset imports are likely to drop by about 30% in value terms this fiscal on the back of increased domestic production.
9. Hero Motors Group which includes Hero Cycles said its Transmission division has received order from Italy based Ducati to manufacture bike gears for the superbike makers premium offerings.
10. Tata Motors has reported increase of 5.4% increase in global sales at 1,02,289 units including that of Jaguar Land Rover.
11. Mercedes Benz, the largest luxury car maker said its sales for the quarter ended september marginally declined to 3,327 units from 3,420 units in the same period last year.
12. Jet Airways and Eithad Airways said both partners enjoy a strong and healthy relationship ever since they forged their partnership three years ago.
13. Non-Banking Financial Altico Capital is planning to invest Rs 5000 Crores in Residential real estate projects by march 2017 across India.
14. Entertainment Network Viacom 18 has extended its maternity leave benefits to an unprecedented nine months of paid leave from the current three in an effort to retain high potential women.
15. Cairn India Oil and Gas output drops 4% in quarter 2.
16. The government has agreed to partly fund the Rs 13000 Crores natural gas pipeline from Jagdishpur in Uttar Pradesh to Haldia in West Bengal.
17. The Government will invest Rs 15,000 Crores to increase the capacity of the panipat refinery in Haryana to 25 million tonnes from existing 15 million tonnes.
  
    


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

1. Industrial output contracted 0.7% in August, less than the 2.5% fall in July.
2. Law Minister Ravi Shankar Prasad reiterated the governiment's stand against triple talaq and polygamy saying such practices were anti women, violated the constitution and that even the muslim countries had reformed their matrimonial laws to put an end to them.
3. Security forces were engaged in heavy exchange of fire with terrorists holed up inside the employees hostel of Pampore's Entrepreneur Development Institute on the outskirts of srinagar since morning.
4. New Delhi has scaled up security arrangements for the upcoming BRICS summit and Bimstec meet in Goa amid reports that Pakistan based terror groups may try to disrupt the international events where presidents of russia and china will be participants.
5. Rajasthan Chief Minister Vasundhra Raje meets BJP president Amit Shah at party headquarters in the capital.
6. Goa Chief Minister Laxmikant Parsekar said he would meet his Maharashtra and Karnataka Counterparts on the issue of Mahadeyi rivers water diversion, not withstanding reservations voiced by opposition parties in Goa.
7. The Bombay High Court Issued a show cause notice to the BMC Commissioner asking why contempt action should not be initiated against him for failure to comply with a court order directing demolition of an illegal structure in suburban Mumbai.
8. The Central Government has initiated a country wide outreach to examine the implementations of its flagships urban missions Swaach Bharat, Smart Cities, AMRUT, HRIDAY and universal housing schemes.
9. Nasik Administration on Monday kept mobile internet services suspended in many parts of the district , perhaps in the first for Maharashtra, after a day of violence when protestors were allegedly belonging to the Maratha Community went on a rampage.
10. Congress President Sonia Gandhi has instructed senior leader Sushil Kumar Shinde to probe and report on the recent physical attack on Haryana PCC Chief Ashok Tanwar. 
11. Maharashtra Navi Nirman Sena has threatened to beat up film makers Karan Johar and Mahesh Bhatt if they work with or release films of Pakistani artistes.
12. Indirect Tax Collections cross half of FY 17 target in Six months.
13. British Born Oliver Hart and Finlands Bengt Holmstrom won the Noble Economic Prize for the groundbreaking research on contract theory.
14. Perfumer Monika's Ghurde's killer Rajkumar Singh Planned to blackmail her with nude pics.
15. In Kidney scam Five Hiranandani doctors chargesheeted for criminal conspiracy.
16. The Contingent of Pakistani students scheduled to participate in IIT-B's annual technology fete, has been incommunicado since mid-september.
17. BJP MLA from Mulund, Sardar Tara Singh received yet another threat letter the third in the past 10 days asking him to pay Rs 1 Crore.
18. A  27 year domestic help committed suicide at Khatau house in Malabar Hill by hanging herself from the bathroom geyser.
19. Shia Group says that Islam inspires humanity to fight terror.
20. India fights with China over NSG & Azhar, but steps up military ties.
21. Tamil Nadu Chief Minister J Jayalalitha to ber discharged soon says Kerela Governor.
22. Bollywood Actress Deepika Padukone who spoke candidly about her struggle with depression last year, launched a national public awareness campaign about mental health called ' Dobara Poocho'.
23. A police constable allegedly rapes 60 year old pilgrim on a boat in Allahabad.
24. The German Government has announced that it will compensate more than 50,000 men who were jailed for being gay.
25. Film Director Andrzej Wajda best known for chronicling Poland's struggle for democracy during half a century of communist rule died on Sunday at Warsaw at the age of 90.

Monday, 10 October 2016

CURRENT AFFAIRS FOR 10TH OCTOBER 2016

CORPORATE AFFAIRS, E-COMMERCE, TECHNOLOGY & CARS

1. The securities and exchange board of india is reviewing the concept of non-compete fees paid to promoters selling stakes in mergers after the issue flared up in the HDFC-Life Max Life deal. The promoter of Max Life is getting an additional Rs 850 crores in the form of non-compete fees as the part of merger.
2. New Entrant Reliance Jio Infocomm said that its subscriber base crossed 16 million within a month of launching commercial operations on September 5 and added the pace of enrollment was a world record.
3. The UPA government had proposed a global TV channel on the lines of BBC said former I & B minister Manish Tewari. 
4. Vodafone India has sought its bids for its data centre facility in Navi Mumbai built at a cost of Rs 1200 Crores.
5. Encouraged by strong response to the locally developed Vitara Brezza, Suzuki Motors has given Indian Unit Maruti Suzuki the responsibility to develop a new generation Alto to strengthen its hold in the entry car space.
6. International Advertising agency Dentsu Aegis Network is set to acquire Happy Creative service , a bengaluru based creative agency best known for its work on brands like flipkart, ola and Diesel.
 7. Education Technology start up JobSenz has been selected for FB start, the early stage mobile focused startup programme launched by facebook. Job Senz has received around Rs 27 lakhs as credits and services facebook and its partners and will also receive mentoring from the Menlo Park headquartered company's engineering team.
8. Bitcoin wallet startup Zebpay is in talks to secure Series A funding of $ 4-5 million and expects to close the investment by next month.
9. Motorola has announced that 15 phones will be eligible for the upgrade to Android 7.0 Nougat.
10. $ 2.5 billion the valuation of snapchat expects post its IPO.
11. India Life Sciences Fund II, which focuses on growth capital in the Indian healthcare sector, has invested $ 6.2 million for a significant minority stake in Oasis Centre for Reproductive medicine.
12. Medical devices startup Axio Biosolutions maker of an advanced wound management product for the military, has set up its first in house production units as it looks to expand in cardiovascular, trauma and dental segments.
13. Top Six firms add over Rs 30,000 Crores in market cap with ONGC and RIL leading the pack.
14. Auto components maker Fiem Industries is in the process of signing joint venture with Honda Motor Company co-owned by Honda locks soon for product diversification and tapping new oppurtunities in the market.                            15. Itau to pay $ 220 million for Citigroup's Brazil assets.
16. Divya Burman the teenaged daughter of Rs 8500 Crores Dabur India's Vice chairman Amit Burman has created a her own startup in FMCG called as Rog Free that aims to improve health and hygiene standards among the poor.
17. Indian Pharmas's first sales professional turned entrepreneur Amit Bakshi has hired bankers for Rs 2000 Crores IPO of Eris Lifesciences.


  

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

1. LT Gen AK Sharma has assumed command of white knight corps ( 16 corps ) from Lt Gen R R Nimbhorkar.
2. The apex education advisory body NCERT has advised the Narendra Modi government against scrapping the policy of ' no detention ' up to class 8 introduced by previous UPA regime. It has advised not scrap the policy.
3. Virat Kohli and Ajinkya Rahane notched up their highest test scores as India reached 557/5 declared against New Zealand.
4. Nashik highway burns after child rape.
5. Ex-watchman held for perfumer Monika Ghurde's murder.
6. Intel fears spectacular Jaish attack on parliament again.
7. The mastermind of mira road call centre scam is Shahgar Thakkar and is on the run. He is a multimillionaire and owns many cars.
8. Sniffer dog tracking down accused is weak evidence says HC.
9. 77 year old tuition teacher gets 6 months jail term for molesting his minor student.
10. ' Tak Tak ' gangs sell of mobiles in Delhi and get their IMEI changed.
11. Uttar Pradesh Chief Minister Akhilesh Yadav ready for early polls if opposition wants it.
12. Mayawati a big zero in communalising politics says BJP.
13. An Indian Businessman has paid a whopping $ 9 million to buy a single digit car registration number plate in Dubai.



Sunday, 9 October 2016

CURRENT AFFAIRS FOR 9TH OCTOBER 2016

1. Pakistan High Commissioner to India Abdul Basit said in a statement that don't expect Pakistan not have role India's Policy.
2. A married men with four children has been arrested in Roorkee for killing a beggar, disfiguring his face and putting his voter Id card in the dead man's pocket to fake his death so that he can marry his girlfriend.
3. A 13 year old Jain girl died from Secunderabad died after she completed a 68 day fast.
4. People whose pets poop up at Marine Drive promenade must pay Rs 500 or must clean it up from Sunday. The BMC will deploy civic marshalls to collect the fines.
5. Angel Cyril Peris  a 25 year old Kalina resident plunged 200 ft into a gorge while taking a selfie at Lion's Point Valley near Lonavala on Saturday.
6. Perfume Researcher Monika Ghurde's murderer were caught on camera will withdrawing money from an atm at 3 km from her house. They also withdrew the money bengaluru using the same card.
7. Two MNS Corporator were held for Engineer Insult.
8. Manish Nagori a allegedly accepted Rs 40 Lakhs bribe to eliminate Navi Mumbai Developer Suresh Bijlani.
9. Chief Minister of Maharashtra launched India's first International Centre for arbitration in Mumbai. It is spread over 7000 square feet at Nariman Point Express Towers.
10. 4000 Reliance Energy Electricity Users were without electricity on Saturday as a fire broke down at a nearby electric substation.
11. Medical Education Body to seek extension to fill up 6 vacant CET seats.
12. Online search for sex slaves led parbhani youth to IS says Cops.
13. Punit Agarwal director of orbit corporation was arrested in a Rs 3 Crore cheating case filed by IDBI Bank.
14. 740 tribal students died in ashramshalas in 10 years.
15. Veteran Socialist Baba Adhav broke a five day long fast.
16. Chandigarh shunts out IAS officer for FB post on Deendayal Upadhyaya.
17. Priyanka Vadra may start campaign in UP by November.
18. Man can divorce wife trying to seperate him from parents says Supreme Court.
19. Pakistani Hackers hacked the website of Nagpur's school and posted anti india slogans and slogans also againts narendra modi.
20. Equippped to deal with terror threats says IAF Chief.
21. Even 10 year old kids have secret cyber life says study.
22. Priyanka Chopra and Akshay Kumar take No 1 position on Times Celebex.

Saturday, 8 October 2016

CURRENT AFFAIRS FOR 8TH OCTOBER 2016

CORPORATE AFFAIRS, E-COMMERCE, TECHNOLOGY & CARS

1. All representatives of Ethihad Airways in Jet Airways have left, signalling that the operational control of airline is back in the hands of founder Naresh Goyal.
2. The finance ministry has backed the scrapping of restrictions on E-commerce companies that have overseas investment , such as those on directly offering discounts to customers.
3. Airtel, Vodafone and Idea have fortified 4G spectrum holdings which could help them tackle Jio's onslaught.
4. Bharti Airtel Chairman Sunil Mittal said that the spectrum auction resolved one of the largest issues that the industry faced.
5. Idea may have been six months behind rivals on rolling out 4G services, but MD Himanshu Kapania says after buying spectrum worth Rs 12,798 Crores the teleco is ready to take on competition.
6. NTT Docomo said that it has filed a suit in US court to enforce the $ 1-2 billion arbitral award granted by the london court of International Arbitration.
7. The Directorate General of Civil Aviation may issue a fresh advisory next week on carrying Samsung Galaxy's Note 7 on board flight.
8. Indian Telecos Reliance Jio Infocomm and Bharti Airtel are rolling out free benefits for Apple I Phone 7 plus as India becomes a key market for the Cupertino based company. 
9. The Bombay High Court gave its nod to Reliance Communications Acquisition of  Russian Conglomerate Sistema's Indian Unit that offers mobile voice and data services under MTS Brand.
10. Sale of passenger vehicles jumped 19.92% to 2,78,428 units in September.
11. The Bombay High Court has directed Lavasa Corporation to deposit Rs 3 Crores within six weeks in connection with a winding up petition  filed against company by non-banking financial company Capri Global Capital.
12. Photo sharing app Snapchat parent is working on an IPO that could value the company at $ 25 billion or more.
13. Samsung sees  Quarter 3 Profit jump as chip surge eases phone recalls blues.
14. Essar Group controlled by Ruia Brothers nears sale of $ 6.5 billion refinery arm to Roseneft.


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

1. More than 35 government websites have been hacked by Pakistani hackers after India's surgical strikes across LoC.
2. The Supreme Court barred the cricket association from releasing funds to state association till they accept Lodha Committee reforms.
3. India will completely seal the border with Pakistan by December 2018 by using effective means including technological solutions.
4. The Centre has extended long term soft loans to states to help them provide electricity connections in easy monthly installments to households to meet its commitment to provide 24x7 power for all, Power Minister Piyush Goyahinl Said.
5. The BJP led government and congress are on the collision course over the rent paid for its iconic headquarters 24 Akbar Road and three other lutyens Bungalows.
6. Columbian President Juan Manuel Santos won the 2016 Nobel Peace Prize.
7. Pornhub offers $ 50,000 reward for Kim's robbery info. 
8. India lose to korea in Kabaddi World Cup.
9. Azam Khan a bollywood producer turned builder was nabbed for allegedly cheating flat buyers in Virar of around Rs 70 Crores.
10. A 39 year old photographer turned perfumer Monika Ghurde was found dead in her rented flat in Goa. She was found naked on the bed with her hands tied the bed.
11. SC stays order that let women in the Haji Ali Dargah. 
12. Abolish Triple Talaq and Polygamy Centre tells SC.
13. Food and Drug Administration seizes wonder drugs worth Rs 1 Crores across the state.
14. 338 killed on city roads in 8 months.
15. Osho trust funds row under ED scanner.
16. R A Mashelkar the former director general of the Council of Scientific and Industrial Research will get another term as National Research Professor.
17. BJP appointed Swati Singh as the UP BJP women's wing chief.




Friday, 7 October 2016

CURRENT AFFAIRS FOR 7TH OCTOBER 2016

CORPORATE AFFAIRS, E-COMMERCE, TECHNOLOGY AND CARS

1. The government in a statement has said that it will reduce its stake in IDBI Bank by 50% which will bring down its total stake in the Bank to 52%. The bank has shareholder approval to raise Rs 8000 Crores.
2. India's largest spectrum auctions closed with the government getting Rs 65,789.12 Crores out of which Vodafone India and Bharti Airtel emerging as the biggest buyers of 4G Airwaves, followed by new comer Reliance Jio Infocomm and Idea Cellular. 
3. All seven mobile operators in the fray record over 2300 Mhz of airwaves. However there were no takers for 700 MHz band in the spectrum.
4. India retains 3rd Spot in Unctad's investment destination list behind the US and China.
5. Baba Ramdev's plans to venture into clothing and make khadi apparel has evoked a positive response from textile firms with some approaching patanjali with their product reports.
6. Brookfiled Asset Management has conclued a pact to acquire Hiranandani Group's offices and retail space in Mumbai Powai for around $ 1 billion in India's largest office space deal.
7. NTT Docomo said it will continue to pursue operations in multiple jurisdictions to enforce the $ 1-2 billion arbitral award it won against the Tata's while keeping a close watch on RBI's stance.
8. ONGC has signed a preliminary pact to acquire a stake and operate the KG Basin block of GSPC which had announced a major natural gas discovery and spent $ 3 billion to develop it but hasen't been able to start commercial production.
9. Pepsi and Coca Cola Co said that their soft drinks are safe reacting to government body report.
10. US restaurant chain Yum Brands said that two of its brands KFC and Pizza Hut recorded an increase in sales for the third quarter ended September.
11. Mahindra & Mahindra and Ssangyong Motor are finally set to showcase Synergy that they have been talking about ever since the Indian Automaker's 2011 acquisition of the South Korean SUV Specialist.
12. 3.2 million is the total km logged by Google's Self driving vehicles says research company.
13. Clay Bavor Google's head of AR and VR has said that Google's Project Tango Phone, the lenovo Phab 2 pro will hit the stores this November.
14. Venture Debt firm Ino Ven Capital has sharply increased the pace of its lending to Indian Startup ecosystem, disbursing about Rs 133 Crores across 15 transactions.
15. Argentina Headquartered IT services firm Globant Technologies has set up its first development center in India in Pune.
16. Home grown Private equity fund Everstone Capital has partnered Sunrise BPO to purchase US based CRM solutions provider C3 for about $ 150 million making it Everstone's first acquisition in US. 
17. Grasim Industries to issue 15 shares for every 10 shares of Aditya Birla Nuvo Limited as a part of proposed merger scheme.
18. Japanese Auto maker Nissan has firmed up plans to launch new vehicles in India over next 5 years to boost sales and gain market share.
19. Intex Technologies became the latest company to launch its own e-commerce marketplace called Wishnbuy.com. It has also launched a mobile wallet.
20. UPL Corp the wholly owned subsidiary of UPL formerly known as United Phosphorous has raised $ 500 million by selling dollar denominated bonds to overseas investors.

21. British Energy firm BP Plc has received a license from the government to set up 3,500 petrol pumps in India.
22. Ola Cabs have launched its Auto service in Thane with 250 auto drivers enrolled.

   
POLITICS, ECONOMY, ENTERTAINMENT, SPORTS & NEWS AROUND THE WORLD 

1. The National Investigation Agency has picked up 67 items of evidence from Uri Attack site for specific forensic analysis to establish Pakistan's direct connect with the incident.
2. Defence Minister Manohar Parrikar has said in a statement that the surgical strike by the army was 100% perfect and that there is no need to release the proof to those raising the questions against the operations.
3. Nawaz Sharif the PM of Pakistan has told the the country's powerful ISI to act against the terrorists and their activities taking place.
4. Shivpal Yadav announces merger of Quami Ekta Dal with Samajwadi Party.
5. In the second year of the smart cities mission , the Ministry of Urban Development is seeking a Rs 6,400 Crores push to one of Prime Minister Narendra Modi's pet initiatives.
6. The security of Jammu and Kashmir Education Minister Naeem Akhtar has been beefed up following terror threat by Lakshar-e-Toiba.
7. American Quick Service sandwich chain Subway has opened an outlet at Rashtrapati Bhavan making its first fast food restaurant to open at Presidents residence.
8. Maharashtra BJP has passed a resolution at its state executive meeting giving marathas 16% quota in jobs and education.
9. The Finance Ministry has proposed February 1 as the new date for presenting next years union budget.
10. Accusing LIC of deficiency service the state consumer panel has ordered it to pay Rs 78 lakh to a widow of a man who died in mishap in 2010.
11. IMD forecasts more rain says monsoon may withdraw from Maharashtra from state after a week.
12. The Draft Development Plan 2034 released this May have received around 84,000 suggestions and objections and not 13,000 revealed by an RTI query.
13. A 6000 square metre bird park or aviary complex is likely to be set up in Navi Mumbai soon.
14. Mumbai's first Satellite Pratham developed and designed by students of IIT Bombay can now easily be tracked down by anyone in public having computer.
15. Sharad Pawar in a statement said that UPA government also had done  surgical strikes but it never made it public.
16. Pune to get new International Airport at Purandar.
17. Maharashtra excise official gets 5 year jail for Rs 5 Lakhs bribe.
18. Uddhav Thackeray may hold talks with RSS rebels for Goa Elections.
19. Paris climate pact to come into force on november 4.
20. Isro's Gsat-18 lifts from French Guiana.

   

Thursday, 6 October 2016

CURRENT AFFAIRS FOR 6TH OCTOBER 2016

CORPORATE AFFAIRS, TECHNOLOGY, E-COMMERCE AND CARS

1. Closely held Ahemdabad drug maker Intas Pharmaceuticals has trumped larger domestic peer Aurobindo Pharma and Cinven, a london headquartered private equity firm, to aquire assets of Teva Pharmaceuticals in the UK and Ireland for an enterprise value of around Rs 5,085 Crores.
2. Amazon India has sold over 15 million units with prime subscription service the top selling product.
3. Kishore Biyani led Future Group has launched Future Pay a digital loyalty wallet that helps consumers shop without card or cash across formats such as Big Bazaar, E Zone and Home Town.
4. Samsung is likely to sell 'Safe' Galaxy Note 7 from October 28 onwards which will compete Apple I Phone 7 and Google Pixel which will hit around the stores anytime.
5.  Nasdaq listed travel portal Make My Trip has forayed into alternative accomodation space through a new entity Rightstay. It has already registered 10,000 properties ranging from guesthouses to villages.
6. Vivo the world's fifth largest smartphone maker is aiming for 10% market share in India by the end of next year.
7. Mobile Payments Platform PayTm has appointed former Citi Group executive Madhur Deora as its Chief Financial Officer.
8. Japan's Soft Bank Corp the largest shareholder in Snapdeal is in talks to invest in freecharge , the digital payments unit of online marketplace.
9. Altico Capital a non banking financial company backed by clear water capital partners has invested Rs 130 Crores in two residential realty properties in south mumbai and hyderabad.
10. Reliance Infrastructure is in pact to sell its power transmission assets to billionaire Gautam Adani's Adani Transmission for Rs 2000 Crores.
11. CK Birla Group owned Orient Cement is in advanced discussions to acquire Jayprakash associates 74% stake in Bhilai Cement for about Rs 750 Crores.
12. Property Developer Embassy Group has tied up with Hilton to develop the country's largest twin hotel in Bengaluru with a total investment of Rs 
1000 Crores.
13. Reliance Jio Infocomm, the telecom arm of Reliance Industries has handed out upto 15% salary hikes to its top performers in its bid to hold out its best talent.
14. The telecom department has issued letters of intent to 60 firms for virtual network operator's license.
15. Telecom companies progressed with an additional bidding of Rs 2,482 Crores on Day 4 of spectrum auctions with a tussle for 4G Bandwidth.
16. German Car Accessories and Television Maker has ventured into mobile phone accessoriesand will be first selling them from Indian Market.
17. HAX, one of the largest hardware startup accelerators and seed investors has made its first investments in India in Ray IoT, a bengaluru based developer of non-contact baby monitoring technology solutions.
18. Volkswagen is planning to make India its future engineering hub.
19. General Motors India plans to export 70,000 vehicles to various markets including central and south america.
20. ONGC Videsh got government nod to raise its stake in Russia's second largest oil field of Vankor by 11% at an investment of $ 930 million.
21. Bharat Forge sets up ordnance equipment factory at Pune.
22. US Based luxury watch maker Fossil Group has forayed into Indian Wearable device market ( Smart Watch Segment ).
23. Mining Major Vedanta Resources will raise funds through issue of non-convertible debentures upto Rs 1,250 Crores.
   
POLITICS, ECONOMY, ENTERTAINMENT, SPORTS & NEWS AROUND THE WORLD 
1. Yoga Guru Baba Ramdev has said Hafiz Saeed and Dawood Ibrahim should be eliminated in surgical operations on Pakistani Soil.
2. The finance ministry has set up Public Debt Management Cell as an interim arrangement before a full fledged independent and statutory management body. Public debt management agency of India has set up in two years.
3. The arrest of Dukhtaran-e-Milat founder Asiya Andrabi in Jammu & Kashmir was cleared by the centre to send a message that activities of seperatist cannot be overlooked anymore.
4. 1.75 crores of RTI applications with 4,800 being filed everyday since 2005.
5. Bank of India and Syndicate Bank have taken a cue from RBI and reduced Marginal Cost of Fund based lending rates in the range of 5 to 10 basis points.
6. Auction of 12 non-coal blocks will fetch the state governments revenue of Rs 42, 892 Crores over the next 50 years.
7. All Government contracts in Maharashtra with a value of Rs 5 crores will have an inbuilt institutional arbitration clause.
8. The Indian government in a statement said that it is not going to release the evidence of surgical strikes on pakistan.
9. The Mira Road Call Centre scam busted late night and is believed to have robbed US Citizens of Rs 500 Crores.
10. Jean Pierre Sauvage, James Fraser Stoddart and Bernard Feringa were awarded with nobel prize in chemistry for their work in molecular machines.
11. Three men were Caught at IGI Airport hiding 3.9 lakh Euros in their rectum.
12. Sangit Date son of reputed Marathi Singer Arun Date who was recently found sleeping on the streets of Pune in rags passes away in Sion Hospital.
13. MMRDA will spent around Rs 25 Crores on maintenance of 
western express highway and link road during construction of two metro corridors. 
14. Exam Controller post still vacant at University of Mumbai.
15. The DGCA has unearthed a scam that would have top industrialists, corporates and Chief Ministers that would worry about the airworthiness or safety of private aircraft or charter aircraft they fly in.
16. In Aurangabad 32 cows found dead and 20 others left battered.
17. Mayor of Mumbai Snehal Ambekar is likely to announce the names of 3 civic members on panel to hear draft Draft DP objectives today.
18. The Centre has appointed Sushil Chandra as CBDT Chairman.
19. Science marks reduced for ISC 2017 exams.
20. Security forces are on high alert in Srinagar following specific intelligence input about an imminent terror strike.
21. Germany has declared full support to India's surgical strike on terrorists launch pads across LoC .
22. Automation a threat to 69% jobs in India.
23. Radio Mirchi and Gaana tie up for content.


Wednesday, 5 October 2016

CURRENT AFFAIRS FOR 5TH OCTOBER 2016

CORPORATE AFFAIRS, E-COMMERCE, TECHNOLOGY AND CARS

1. After Grasim and Aditya Birla Nuvo merger, Kumar Mangalam Birla is planning to reorganise his telecom infrastructure and towers business with an aim to simplify the holding structure by consolidating its scattered towers holding into a single entity and and unlock value. 9000 Towers through 100% holding of Idea Cellular Infra Services. 19000 towers through 16% holding in Indus towers.
2. Amiga Subramaniam has agreed to sell her stake in MU Sigma to her former husband Dhiraj Rajaram giving him 51.6% holding in the data analytics company once deal is finalised.
3. A dispute between a unit maker of US Spices and seasonings maker McCornick and Co and Indian rice miller and processed food maker kohinoor foods alleged breaches of a rice supply contract has moved to arbitration in london.
4. Chinese smartphone maker Xiaomi has sold  half a million smartphones in 3 days of festive season sales across Amazon, Snapdeal and Flipkart.
5. US Apparel retailer Gap Inc will sell its products online in India exclusively on Arvind Groups fashion portal NNnow.com.
6. Chinese handset maker Lenovo is looking to double its smartphone revenue in India this fiscal year and is aggressively aiming for the smartphone spot having surged up the ranks already in terms of volume and value market share.
7. Whats App has introduced new ways to customize photos and videos while sharing around the world. It is called as Whats App Camera Features.
8. Myntra founder Mukesh Bansal has joined the boards of food delivery company Swiggy and logistics firm Rivigo, making a rare instance that Indian Startups hiring Independent Directors.
9. Gurgaon based financial market place CoinTribe is planning to raise around $15 million to strengthen its technology platform as it expands its association with financial institutions.
10. Chennai based online pharmacy Netmeds is in late stage discussions to acquire on demand medicine and healthcare products delivery service Pluss in an all stock deal.
11. Ola cabs has introduced an offline booking feature through which passengers can book cab without active internet connection.
12. India's second largest telecom Vodafone teamed up with infrastructure firm GMR to create what it called the country's largest Wi-Fi Hotspot at delhi international Airport.
13. The SEBI has reduced the listing timelines after an IPO further to 4 days from 6 days amove that would bring down investors exposure to market volatility.
14. Sun Pharma's US Based subsidiary Taro continued with its top deck reshuffle and appointed Mariano Balaguer as Vice President, CFO and Chief Accounting Officer.
15. Aurobindo Pharma to raise $500 million to fund 2 new buys.
16. Korean Auto Maker Hyundai Motor India Limited has initiated a recall of 7,600 Eons produced in January.
17. Bengaluru based businessman has no intentions to return to India and his passport has been revoked due to his own conduct.
18. Indian oil Corporation is planning to lay a 2000 km pipeline to carry liquified petroleum from its kandla import terminal on the west coast to Gorakhpur in the deep east.
19. Flipkart sold goods worth Rs 1400 Crores making a new high for retail sales.
20. Microsoft CEO Satya Nadella got $ 18 million pay and his compensation fell by 3.3% to 17.7%. 


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

1. The government plans to seal international borders with pakistan spread over 2,300 km, soon. Union home minister Rajnath Singh will discuss the proposal at a closed door meeting at Jaisalmer.
2. The European Parliament after Russia and neighbours bangladesh and afghanistan has backed india's surgical strike on terror training camps in Pakistan Occupied Kashmir.
3. Actor and BJP Leader Roopa Ganguly who had played the role of draupadi in mahabharat was nominated to the Rajya Sabha.
4. The RBI has forecasted the consumer inflation at 5% for FY 18 which is in sharp contrast to which indian households expects.
5. RBI Governor Urjit Patel lowers benchmark repo rate by 25 bps to 6.25%.
6. Pakistan along with many political parties in India are demanding proof from the government of surgical strikes on the line of control.
7. LPG is the first service for which Aadhar number has been made mandatory.
8. The SC has directed Best to stop collecting transport division loss revenue from consumers through monthly power bills.
9. The State government has announced a grant of Rs 49,248 Crores for Marathwada region with stress on irrigation and infrastructure sectors.
10. The Royal Bengal Tiger Palash passed away at Sanjay Gandhi National Park Medical centre at 3.15 am.
11. Western Railway has decided to introduce eight new services from October 10th.
12. The CBI has arrested two IT officials for taking vbribe of Rs 3.05 Lakhs. 
13. Nearly 200 jail inmates around 90000 other students appeared for Gandhi peace exam on October 2.
14. Due to the civic polls BEST is not going to hike bus fares in 2017.
15. IMF predict 7.6% growth for India in 2016.
16. 4% inflation target is set for 2021 says RBI Governor.
  

Tuesday, 4 October 2016

CURRENT AFFAIRS FOR 4TH OCTOBER 2016

CORPORATE AFFAIRS, TECHNOLOGY, CARS & E-COMMERCE

1. The PSA Group, maker of peugeot cars is working on a strategy to make another entry into India, a market where the french car maker says its a great potential.
2. Bharti Airtel, Vodafone, Idea and Reliance Jio remained cautious on the second day of spectrum auctions with carriers giving 700 MHz band a cold shoulder.
3.Amazon is offering disounts upto 50% on FMCG Products such as shampoos, soaps, shower gels, detergents, diapers and instant noodles to build customer loyalty. The move is precursor to Amazon's entry into food e commerce following the decision to allow 100% foreign direct investment in the sector.
4. Canada's CDPQ and Edelweiss plan to pony $1.8 - 2 billion into private debt and restructuring of stressed assets over 4 years. CDPQ had earlier brought 20% in Edelweiss Assets recast arm with an initial investment of $300 million with an option to raise it to $ 700 million.
5. Vodafone India, the country's second largest telecom will make vodafone play free as subscription to all customers till december 31 2016.
6. UBER's valuation is $ 51 billion as on march 2016, the highest for a startup so far. It fulfills 1 million rides daily. 
7. Foxconn technology group has reached an understanding with nokia to revive its manufacturing plant near chennai and has laid out tough conditions.
8. Motorcycle sales  rose 35.9% to 1.22 lakh units in september. Scooter sales grew by 12.7% to 84,850 units in september 2016.
9. Prasar Bharti CEO Jawhar Sircar has resigned.
10. India's largest online retailer Flipkart has sold 8,00,000 smart phones which translates to a sale value of close to $ 100 million.
11. Flipkart reduces its investments in marketplace unit by 70% in the year ended march effectively restraining the firms sales during the period.
12. Facebook has launched a new feature called market place which let users buy and sell items available nearby. The feature can be used by only age of above 18 years in selected countries.
13. 24,500 vehicles delivered by tesla in Quarter 3 of 2016.
14. Online marketplace Sanpdeal sells 1.67 million items in first 16 hours of its festival sale.
15. Capillary Technologies which develops omni channels CRM platform for retail brands has acquired e commerce services and technology company Sellerworx for and undisclosed amount.
16. Global payments startup Remitware payments which runs cross border payments platform Remitr has $ 1 million in seed funding from several investors.
17. Flipkart had non-disclosure agreement with walmart before the US team arrived.
18. Tejas Equipment maker tejas network plans to file a draft prospectus with market regulators this quarter for an initial public offering to raise around Rs 800 Crores.
19. Regional Carrier Air Costa which was facing cash problems has received pan india license from Directorate General of Civil Aviation.
20. Biocon founder kiran Mazumdar Shaw is getting ready to be part of India's startup mania. Shaw invested roughly invested Rs 8 Crores UE Life sciences the developer of an affordable breast cancer screening device.
21. Ratan Tata invests in fitness startup GOQii.
22. Cognizant has agreed to acquire Norweigan IT and BPO services provider Frontica Business Solutions for about 1.02 Norweigan Krone or about $ 128 million.
23. Government IT spending to hit $ 7.2 billion in 2016.
24. Patanjali buys RH Agro's Haryana rice mill for Rs 70 Crores.
25. Piramal's fined Rs 6 Lakh's for insider trading norm violation.  
   



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

1. Benchmark indices surged over almost 1.5% as expectations of a rate cut strengthened ahead of RBI's policy meet.
2. Pakistan beefs up troops along Jammu Kashmir border. 
3. The karnataka legislature decided to release water from the cauvery basin reservoirs to the state farmers as the storage has increased by about 6.5 thousand million cubic feet due to rains.
4. September turned out to be the best month for indian bonds with foreign investors investing a record of Rs 9, 789 crores, data from NSDL Shows.
5. The Anil Ambani promoted ADAG had signed an agreement with Dassault Aviation of France , the maker of Rafale Fighter jets for Rs 59,000 Crores.
6. Vikram Agnihotri is probably the first person in India from Indore who gets a permanent driving license who lost his arms when he was seven and drives with his legs.
7. Japanese Biologist Yoshinori Ohsumi has won this years noble prize for medicine discoveries.
8. A 13 year old tiger at Sanjay Gandhi National Park in Borivali has been diagnosed with kidney failure and is in a critical condition.
9. 75 Indian turtles which were being illegally transported in a bag in UP Pushpak Express were rescued by Railway Protection Force at Dadar Station.
10. Nitish katara murder convicts Vikas and Vishal Yadav to serve 25 years in jail and will not come out before 2027.
11. A Bengaluru research scientist and his wife have been arrested with 231 kg of amphetamine worth approximately Rs 231 Crore in the International market.
12. Supreme Court Imposed a fine of Rs 25000 on Delhi's Health Minister Satyendar Jain for failing to file an affidavit naming officials who he claimed did not cooperate with the AAP government in the fight against mosquito borne diseases in national capital.
13. 250 Congress workers booked for Rahul's illegal roadshow.
14. Russia backs surgical strikes says India has the right to defend itself.
15. In Japan robot babies to make lonely happy.
16. Kim Kardashian robbed of millions at gun point in Paris.


Monday, 3 October 2016

CURRENT AFFAIRS FOR 3RD OCTOBER 2016

Corporate Affairs, Technology, E-Commerce & Cars

1. Flipkart and Myntra together claim to have sold 2.25 million units in first 12 hours of Big Billion Days.
2. Amazon sold 1.5 million units in the first 12 hours.
3. 70% of new customers from tier I and II towns says Amazon.
4. Caisse de Depot Placement Du Quebec the second largest pension fund in Canada is set to commit nearly a half a billion dollars in India.
5. Mercedes to bring electric vehicles to India in 2018.
6. Quick Service Restaurant market is expected to grow 20% a year to reach Rs 51000 Crore by 2021.
7. Sweden Based direct seller Oriflame is expecting India to be among top two markets in the next five years globally.
8. Airline aggregator Mystifly raises Rs 33 Crore from Japanese funds.
9. Zee Entertainment Enterprises have revived talks with Anil Ambani's Reliance Broad cast Network to aquire the latters radio and television business.
10. British drugmaker AstraZeneca's India Unit as it terminated services of around 50 sales representatives due to which national association of medical sales has threatened to go on strike.
11. Singapore has topped the list of destinations for expats as they feel the island nation offers better career oppurtunities and quality of life.
12. Accenture leases 280,000 sq ft office space on a long term lease at Bagmane World Technology Center IT Sez in Bengaluru.
13.Mining giant Vedanta resources has paid Rs 13,300 Crores in taxes, royalties, license fees and other payments to India in the last financial year March Ended 2016. 

Politics, Economy, Crimes, Sports, Entertainment And News Around The World

1. Four Days after the Indian Army launched surgical strikes on terror launch pads in Pakistan Occupied Kashmir a group of terrorists attacked a Rashtriya Rifles base in Baramulla district late on Sunday Night. The encounter is on and 5 soldiers are hurt.
2. Traffic Violators will soon get challans at home in Mumbai as 4,717 CCTV's cameras became operational across the city.
3. An Indian origin investment veteran N P Narvekar has been appointed as the president and CEO of Harvard Management Company.
4. To prevent Misuse of mobile phones senior prison officials have been barred all officials, jailors and superintendents from carrying mobile phones in the premises.
5. On the secondary anniversary of Swach Bharat Mission, Mahatma Gandhi's Birth Place Porbandar has been declared open defecation free along with 12 other districts.
6. Veteran Actor Om Puri and Director Nagesh Kunoor have come out in support of pakistani actor, saying art and politics should be kept seperate and and banning the artists will not change the situation.
7. 95% of the perpetrators in Rape cases in 2015 were known to their victims reveals National Crime Records Bureau.
8. Tamil Nadu CM J Jayalalitha is being treated for infection with appropriate antibiotics and other allied clinical measures. 
9. Crown Prince of Abu Dhabi Sheikh Mohammed bin Zayed Al Nahyan will be the chief guest for republic day celebrations next year.

Sunday, 13 March 2016

CURRENT AFFAIRS FOR 13TH MARCH 2016

CORPORATE AFFAIRS,TECHNOLOGY,CARS & E-COMMERCE

  1. The CBI will probe if some public sector banks were pressured into lending and restructuring loans extended to Kingfisher Airlines.
  2. 44% of Equity Mutual Funds investments come from cities beyond top 15 with small towns fuelling nearly half the new stock market business this year.
  3. Market regulator SEBI has decied to bar firms declared as wilful defaulters along with their promoters and directors from accessing stock or bond markets for raising funds.
  4. Hyderabad Court has issued non bailable warrants against Kingfisher AirlinesChairman Vijay Mallya and defunct Company's CFO A Raghunath.
  5. Former Kingfisher Airlines Employees will be taking Vijay Mallya the owner of the now defunct airline to the court over the non payment of their dues. The airline owes its employees Rs 800 Crores worth of dues in salary and gratuity among others.
  6. Vijay Mallya has upto 1 year to buy his 13 residential properties which are in the books of United Spirits.
  7. Bombay Stock Exchange is soon going for Its IPO which will be the first by an Indian stock exchange

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

  1. In a bost to fight against mother to child transmission of HIV, J J Hospital of Mumbai has delivered 100 babies free of the virus since 2014 despite their mothers being HIV+.
  2. Two stolen statues dating back to the 8th Century and valued at over $450,000 were seized in the US from Premier auction house Christie's.
  3. RSS has expressed its support to the rising demand for entry of women into temples, advocating that the issue should be settled through discussions and dialogue.
  4. Union Enviornment Minister Prakash Javadekar who was in Mumbai indicated that there is nothing wrong in cutting trees for sustainable development.
  5. Interest on FDs earned by the chembur based golf club was held as non taxable by the income tax appellate tribunal in its recent judgement.
  6. Maharashtra Government paid Rs 798.44 Crores as compensation for shutting 12 toll plazas and waiving off charge on light vehicles like private cars at 53 check points.
  7. Juhu based Industrialist Aditya Sunil Manik Tara was arrested with his driver for bullying a motorist with a toy gun.