CORPORATE AFFAIRS, E-COMMERCE, TECHNOLOGY & CARS
1. India's largest cab hailing application Ola racked up a consolidated loss before tax of Rs 2,313.66 Crores in FY 16 as compared with a year earlier loss of Rs 796 Crores as it spent heavily on defending its market leadership against US based rival Uber.
2. Consolidated revenue of ANI Technologies Pvt Ltd which owns Ola increased more than seven times to Rs 758 Crores in the year ended March 2016.
3. Reliance Industries and British Energy giant BP will acquire their cash trapped partner Niko Resources 10% stake in gas discovery block NEC-25 that holds recoverable reserves of 1.032 trillion cubic feet in the Bay of Bengal.
4. Bharti Airtel is exploring stake reduction or merger oppurtunities in six african markets- Rwanda, Niger, Chad, Congo Brazzaville, Kenya and Tanzania to reduce losses.
5. A sample of 88 companies that declared results for the March quarter reported 9.3% year on year revenue growth. But the net profit grew by just 5.6% due to a higher base in the form of much better growth of 22.4% in a year earlier.
6. Dailmer AG and Volvo AB are likely to feature among the biggest sucess stories of the Make In India drive, with the two marquee names in the global heavy duty transport industry using the South Asian nation as their export hub for large trucks and luxury buses.
7. Apple is planning to set up its online stores targeted at the Indian Markets this year riding on the fact that local manufacturers can have a direct online presence in the country.
8. Chinese smartphone maker Oppo is planning to begin export to the Middle East, North Africa and Other South East Asian Countries from India in the next two to three years after have broken into the ranks of the top 5 smartphones makers in India.
9. Shopclues is expanding its fashion business by bringing on board more local brands and enhancing product offerings, a move that will steer the ecommerce marketplace towards overall profitability.
10. Czech Automobile firm Skoda is eyeing 25% sales growth in India this year on the back of enhanced customer service, two new upcoming models and upgrades of existing offerings.
11. Walmart India plans to open 10 wholesale stores in Telangana during next five to seven years with an investment of $ 120 million.
12. Chinese ride hailing giant Didi Chuxing just raised more than $ 5.5 billion, giving uber technologies CEO Travis Kalanick one more thing to worry about.
13. Apple is experimenting with wireless charging tech that could see users charge their I-Phones with a WI-FI router.
14. 150 Million Super Mario Run downloads on both Ios and Android.
15. Johannseburg based IT services firm dimension data, which helped save the white rhinoceroses in South Africa from extinction because of poaching, now wants to protect endangered species in India, such as asiatic lions and Bengal Tigers, through its connected conservation project.
16. Online healthcare and fitness platform Curefit is set to launch its freemium model in a few weeks, looking to hook users through targeted health content, fitness studios and health food outlets.
17. Payment company Itz Cash turned out profitable in 2016-17 according to managing director Naveen Surya. The Mumbai Based company made close to Rs 250 Crores in revenue across all its businesses, anearly 40% jump over the revenue of about Rs 180 Crores in the previous fiscal.
18. Crowd Funding platform global giving is entering the Indian market through a startegic partnership with Mumbai's Impact Guru.
19. Accounts of those Individuals and entities who have not provided self certification by April 30 will be blocked by Indian Government.
20. The embattled Sahara group has extended the bidding deadline for sale of its 30 properties till May 20 as prospective buyers which include Tata's, Godrej and Adani sought more time to complete diligence. Knight Frank is auctioning the properties estimated to be worth Rs 7400 Crores for Sahara.
21. Ruias owned Essar Group is seeking a refund of Rs 4000 Crores Capital Gains Tax deducted six years ago when it sold stake in telecom venture to Vodafone of the UK.
22. PepsiCo India has taken learning and talent development initiative and has entered into a career joint venture with HUL allowing select employees to gain work experience at JV firm for 2-4 months.
POLITICS, ECONOMY, CRIMES, NEWS AROUND THE WORLD, SPORTS AND ENTERTAINMENT
1. PM Narendra Modi said that it is very important to drive out VIP Culture out of one's mindset and replace it with Every Person Is Important. He said that in Mann Ki Baat.
2. A top bollywood Actor has been recently directed by enforcement directorate to share all his foreign currency remittances over a decade. The actor has been told to share his bank account statement copies and copies of his passport.
3. The proposed US H-1B visa restrictions may open door for India's IT Industry in Russia with two sides exploring cooperation in both software and hardware sectors during the visit of a Russian Minister here in India.
4. The decade old barter system along the border in Kashmir, is now being investigated by the National Investigation Agency, is vulnerable to abuse because the purchase of crucial container scanners that can check for weapons and other illegal items is apparently stuck in limbo.
5. Mumbai attack mastermind and Jammat Ud Dawah chief Hafiz Saeed will remain under house arrest here for 90 days more after explry of his three months detention period.
6. Defending party president Akhilesh Yadav, Samjwadi Party leader Ram Gopal Yadav said that Shivpal Yadav did not have any knowledge of the party constitution and advised him to work for the party and not to talk non sense.
7. Minority Affairs Minister said in a statement that Triple Talaq issue needs to been as reform measure by the muslim community and not a political agenda for the women.
8. Though the election commission is yet to announce dates for presidential elections, the opposition is in a hurry to finalise its candidates.
9. The Election Commission has not found merit in a petition seeking disqualification of Delhi Deputy Chief Minister Manish Sisodia as a legislator for allegedly holding office for profit.
10. CPM General secretary Sitaram Yechury said in statement that he would not seek re-election to the Rajya Sabha after his second consecutive terms end in August.
11. BJP President Amit Shah in Jammu Kashmir on a two day visit asked party leaders to focus on strengthening cadres across Jammu and Kashmir and replicating the successes it witnessed in other party run states.
12. The Modi Government in a recent gazette notification prohibiting any training to North Korean military personnel in India reflects the position of the current regime which stopped training officers from the far east asian country since 2016.
13. In a move towards labour reforms the Maharashtra government is soon going to allow shops and establishments having 1 to 10 workers free from the hassle of procuring, registration and renewal of licences.
14. Despite AAP leaders raising their concerns on the party's line of blaming rigged electronic voting machines for its recent string of electoral blows in the last two months, the party seems to be in no mood to give up its campaign against Election Commission's use of EVM's in past elections.
15. Two allegedly cow lifters were lynched at Kachomari Village in Central Assam's Nagaon District.
16. The BJP has removed 4 party members from their posts in karnataka unit, but refrained from touching the main protagonists of recent public rift that is visibly harming the party prospectus in the run-up to the assembly polls in April-May 2018.
17. Government reaches out to those in remote areas via tribal diaries App.
18. Stung by successive electoral defeats in Assembly elections, the congress has decided to target reserved constituencies in 6 states, which go for elections over the next 18 months.
19. Uttar Pradesh CM Yogi Adityanath has promised to go completely clean in 2018, a year ahead of central deadline but bihar could derail PM Narendra Modi's dream of Swachh Bharat by 2019.
20. India's Telecom subscribers base, mobile and landline combined touched 1.18 billion mark at the end of february 2017, growing 1.17% over the previous month.
21. The Cabinet Appointments committee has appointed Anthony Lianzuala as the new conroller general of accounts under the finance ministry
22. Government may cut Coal Imports for power PSUs to Zero in FY 18.
23. Government Think Tank Niti Aayog has pitched for creating two coastal employment zones on the lines of chinese strategy to promote exports and create jobs.
24. India's import of Solar cells and modules is more than 35 times its exports says its recent study.
25. Petrol and diesel prices to be revised on a daily basis with International Rates from today in select towns in sync with international rates, much like it happens in most advanced markets.
26. An American Women held for more than two years by China has been deported to United states after being convicted of espionage.
27. The owner of Leading Persian language satellite entertainment channel was shot dead by unkown individuals in Istanbul along with another man.
28. At least 352 civilians have been killed in US led strikes against Islamic states target Iraq and Syria since the operation began in 2014.
29. US President Donald Trump hit the road to celebrate his first 100 days in the white house with cheering supporters at a campaign style rally, touting his initial achievements and ;ashing out at critics.
30. Donald Trump thinks that Chinese president Xi Jinping is putting pressure on North Korea.
31. Space X was postponed for 24 hours the launch of a secretive US government payload, known only as NROL-76, due to a sensor issue with the rocket.
32. International Monetary Fund delegation will arrive on cairo to review eqypt's progress on economic reforms before it disburses the second installment of a $12 billion loan programme.
33. The Securities and Exchange Board of India has finalised norms for issuance and listing of green bonds which will help in raising funds from capital markets for investment in renewable energy space.
34. In Vivo IPL 2017 Delhi daredevils were all out at 67 will Kings XI Punjab won the match by making 68 runs without losing a wicket and finished the game in just 7.5 overs.
35. The Shri Sai Baba Sansthan Trust will lend Rs 500 Crores for the much awaited construction of network of canals from Upper Pravara Dam near Akole in Ahmednagar district.
36. Doctors and Public health groups have urged the Centre to phase out banded drugs and ban differential pricing to promote generic drug prescription.
37. Delhi Police has launched a man hunt for a high profile woman after a lok sabha MP complained about top brass that he was drugged and filmed in an objectionable position by a gang led by a woman who demanded Rs 5 Crore from him.
38. Islamic preacher Zakir Naik's business associate Abdul Mannan Gazdar arrested by ED in a laundering case against Naik and his NGO, has told NIA that he was given Rs 149 Crores by Naik's manager in cash between August and October 2016 but taken away in istallments.
39. Sales of Khadi Village Goods top Rs 50,000 Crores.
40. A Nigerian and three men from Navi Mumbai have been convicted by a magistrate's court in Thane for cheating a businessmen of Rs 21 Lakhs in a fraud which is common among social networking sites.
41. To ensure quick and swifter response to crisis calls, the city fire brigade has started installing android based GPS and GIS device on vehicles.
42. The Directorate of Medical Education and Research which published the first merit based selection list for PG admissions will now have to revise it. The holiday bench stated that names of domiciled students stands cancelled.
43. The BMC has told Bombay High Court it wants land next to the Mayor's Bunglow at Shivaji Park from a vacant land tenant for the noble cause of building a memorial for the late Shiv Sena Chief Bala Saheb Thackeray.
44. There has been a three fold increase in applications for request of change of religion in the last three years.
45. The state's CET cell has seen around 20% jump in the number of law aspirants registered for the three year LLB CET compared to last year.
46. The super luxury Scania Buses manufactured in sweden will now be a part of MSRTC and 15 such multi axle vehicles will be introduced on Mumbai-Pune route from this week.
47. Maharashtra CM Devendra Fadnavis has said that all villages in Maharshtra will become drought free by 2020.
48. Supreme Court has directed that the Raymond Owner Vijpat Singhania and his son Gautam must vacant Juhu Bungalow and hand it over to family's kolkatta branch.
49. With Vacancies piling up in BJP's central organisation, a major reshuffle is expected soon of BJP office Bearers and also in some state units of Uttar Pradesh.
50. Nepals' First woman chief justice Sushila Karki was suspended after an impeachment motion against her was registered in Parliament by two major ruling parties.
51. Government to map industrial estates, parks and coastal and special economic zones has revealed that 1,850 such projects owned by the centre and states are spread over 4 lakhs hectare which is 2.7 times the area of delhi or over 9 times the size of greater mumbai.
52. British PM David Cameron has plans to write his memoirs in a designer garden shed that has been installed at his family home at cotsworlds rural area of South Central England.
53. Valtteri Bottas claimed his maiden Formula One victory when he resisted intense pressure from championship leader Sebastian Vettel.
1. India's largest cab hailing application Ola racked up a consolidated loss before tax of Rs 2,313.66 Crores in FY 16 as compared with a year earlier loss of Rs 796 Crores as it spent heavily on defending its market leadership against US based rival Uber.
2. Consolidated revenue of ANI Technologies Pvt Ltd which owns Ola increased more than seven times to Rs 758 Crores in the year ended March 2016.
3. Reliance Industries and British Energy giant BP will acquire their cash trapped partner Niko Resources 10% stake in gas discovery block NEC-25 that holds recoverable reserves of 1.032 trillion cubic feet in the Bay of Bengal.
4. Bharti Airtel is exploring stake reduction or merger oppurtunities in six african markets- Rwanda, Niger, Chad, Congo Brazzaville, Kenya and Tanzania to reduce losses.
5. A sample of 88 companies that declared results for the March quarter reported 9.3% year on year revenue growth. But the net profit grew by just 5.6% due to a higher base in the form of much better growth of 22.4% in a year earlier.
6. Dailmer AG and Volvo AB are likely to feature among the biggest sucess stories of the Make In India drive, with the two marquee names in the global heavy duty transport industry using the South Asian nation as their export hub for large trucks and luxury buses.
7. Apple is planning to set up its online stores targeted at the Indian Markets this year riding on the fact that local manufacturers can have a direct online presence in the country.
8. Chinese smartphone maker Oppo is planning to begin export to the Middle East, North Africa and Other South East Asian Countries from India in the next two to three years after have broken into the ranks of the top 5 smartphones makers in India.
9. Shopclues is expanding its fashion business by bringing on board more local brands and enhancing product offerings, a move that will steer the ecommerce marketplace towards overall profitability.
10. Czech Automobile firm Skoda is eyeing 25% sales growth in India this year on the back of enhanced customer service, two new upcoming models and upgrades of existing offerings.
11. Walmart India plans to open 10 wholesale stores in Telangana during next five to seven years with an investment of $ 120 million.
12. Chinese ride hailing giant Didi Chuxing just raised more than $ 5.5 billion, giving uber technologies CEO Travis Kalanick one more thing to worry about.
13. Apple is experimenting with wireless charging tech that could see users charge their I-Phones with a WI-FI router.
14. 150 Million Super Mario Run downloads on both Ios and Android.
15. Johannseburg based IT services firm dimension data, which helped save the white rhinoceroses in South Africa from extinction because of poaching, now wants to protect endangered species in India, such as asiatic lions and Bengal Tigers, through its connected conservation project.
16. Online healthcare and fitness platform Curefit is set to launch its freemium model in a few weeks, looking to hook users through targeted health content, fitness studios and health food outlets.
17. Payment company Itz Cash turned out profitable in 2016-17 according to managing director Naveen Surya. The Mumbai Based company made close to Rs 250 Crores in revenue across all its businesses, anearly 40% jump over the revenue of about Rs 180 Crores in the previous fiscal.
18. Crowd Funding platform global giving is entering the Indian market through a startegic partnership with Mumbai's Impact Guru.
19. Accounts of those Individuals and entities who have not provided self certification by April 30 will be blocked by Indian Government.
20. The embattled Sahara group has extended the bidding deadline for sale of its 30 properties till May 20 as prospective buyers which include Tata's, Godrej and Adani sought more time to complete diligence. Knight Frank is auctioning the properties estimated to be worth Rs 7400 Crores for Sahara.
21. Ruias owned Essar Group is seeking a refund of Rs 4000 Crores Capital Gains Tax deducted six years ago when it sold stake in telecom venture to Vodafone of the UK.
22. PepsiCo India has taken learning and talent development initiative and has entered into a career joint venture with HUL allowing select employees to gain work experience at JV firm for 2-4 months.
POLITICS, ECONOMY, CRIMES, NEWS AROUND THE WORLD, SPORTS AND ENTERTAINMENT
1. PM Narendra Modi said that it is very important to drive out VIP Culture out of one's mindset and replace it with Every Person Is Important. He said that in Mann Ki Baat.
2. A top bollywood Actor has been recently directed by enforcement directorate to share all his foreign currency remittances over a decade. The actor has been told to share his bank account statement copies and copies of his passport.
3. The proposed US H-1B visa restrictions may open door for India's IT Industry in Russia with two sides exploring cooperation in both software and hardware sectors during the visit of a Russian Minister here in India.
4. The decade old barter system along the border in Kashmir, is now being investigated by the National Investigation Agency, is vulnerable to abuse because the purchase of crucial container scanners that can check for weapons and other illegal items is apparently stuck in limbo.
5. Mumbai attack mastermind and Jammat Ud Dawah chief Hafiz Saeed will remain under house arrest here for 90 days more after explry of his three months detention period.
6. Defending party president Akhilesh Yadav, Samjwadi Party leader Ram Gopal Yadav said that Shivpal Yadav did not have any knowledge of the party constitution and advised him to work for the party and not to talk non sense.
7. Minority Affairs Minister said in a statement that Triple Talaq issue needs to been as reform measure by the muslim community and not a political agenda for the women.
8. Though the election commission is yet to announce dates for presidential elections, the opposition is in a hurry to finalise its candidates.
9. The Election Commission has not found merit in a petition seeking disqualification of Delhi Deputy Chief Minister Manish Sisodia as a legislator for allegedly holding office for profit.
10. CPM General secretary Sitaram Yechury said in statement that he would not seek re-election to the Rajya Sabha after his second consecutive terms end in August.
11. BJP President Amit Shah in Jammu Kashmir on a two day visit asked party leaders to focus on strengthening cadres across Jammu and Kashmir and replicating the successes it witnessed in other party run states.
12. The Modi Government in a recent gazette notification prohibiting any training to North Korean military personnel in India reflects the position of the current regime which stopped training officers from the far east asian country since 2016.
13. In a move towards labour reforms the Maharashtra government is soon going to allow shops and establishments having 1 to 10 workers free from the hassle of procuring, registration and renewal of licences.
14. Despite AAP leaders raising their concerns on the party's line of blaming rigged electronic voting machines for its recent string of electoral blows in the last two months, the party seems to be in no mood to give up its campaign against Election Commission's use of EVM's in past elections.
15. Two allegedly cow lifters were lynched at Kachomari Village in Central Assam's Nagaon District.
16. The BJP has removed 4 party members from their posts in karnataka unit, but refrained from touching the main protagonists of recent public rift that is visibly harming the party prospectus in the run-up to the assembly polls in April-May 2018.
17. Government reaches out to those in remote areas via tribal diaries App.
18. Stung by successive electoral defeats in Assembly elections, the congress has decided to target reserved constituencies in 6 states, which go for elections over the next 18 months.
19. Uttar Pradesh CM Yogi Adityanath has promised to go completely clean in 2018, a year ahead of central deadline but bihar could derail PM Narendra Modi's dream of Swachh Bharat by 2019.
20. India's Telecom subscribers base, mobile and landline combined touched 1.18 billion mark at the end of february 2017, growing 1.17% over the previous month.
21. The Cabinet Appointments committee has appointed Anthony Lianzuala as the new conroller general of accounts under the finance ministry
22. Government may cut Coal Imports for power PSUs to Zero in FY 18.
23. Government Think Tank Niti Aayog has pitched for creating two coastal employment zones on the lines of chinese strategy to promote exports and create jobs.
24. India's import of Solar cells and modules is more than 35 times its exports says its recent study.
25. Petrol and diesel prices to be revised on a daily basis with International Rates from today in select towns in sync with international rates, much like it happens in most advanced markets.
26. An American Women held for more than two years by China has been deported to United states after being convicted of espionage.
27. The owner of Leading Persian language satellite entertainment channel was shot dead by unkown individuals in Istanbul along with another man.
28. At least 352 civilians have been killed in US led strikes against Islamic states target Iraq and Syria since the operation began in 2014.
29. US President Donald Trump hit the road to celebrate his first 100 days in the white house with cheering supporters at a campaign style rally, touting his initial achievements and ;ashing out at critics.
30. Donald Trump thinks that Chinese president Xi Jinping is putting pressure on North Korea.
31. Space X was postponed for 24 hours the launch of a secretive US government payload, known only as NROL-76, due to a sensor issue with the rocket.
32. International Monetary Fund delegation will arrive on cairo to review eqypt's progress on economic reforms before it disburses the second installment of a $12 billion loan programme.
33. The Securities and Exchange Board of India has finalised norms for issuance and listing of green bonds which will help in raising funds from capital markets for investment in renewable energy space.
34. In Vivo IPL 2017 Delhi daredevils were all out at 67 will Kings XI Punjab won the match by making 68 runs without losing a wicket and finished the game in just 7.5 overs.
35. The Shri Sai Baba Sansthan Trust will lend Rs 500 Crores for the much awaited construction of network of canals from Upper Pravara Dam near Akole in Ahmednagar district.
36. Doctors and Public health groups have urged the Centre to phase out banded drugs and ban differential pricing to promote generic drug prescription.
37. Delhi Police has launched a man hunt for a high profile woman after a lok sabha MP complained about top brass that he was drugged and filmed in an objectionable position by a gang led by a woman who demanded Rs 5 Crore from him.
38. Islamic preacher Zakir Naik's business associate Abdul Mannan Gazdar arrested by ED in a laundering case against Naik and his NGO, has told NIA that he was given Rs 149 Crores by Naik's manager in cash between August and October 2016 but taken away in istallments.
39. Sales of Khadi Village Goods top Rs 50,000 Crores.
40. A Nigerian and three men from Navi Mumbai have been convicted by a magistrate's court in Thane for cheating a businessmen of Rs 21 Lakhs in a fraud which is common among social networking sites.
41. To ensure quick and swifter response to crisis calls, the city fire brigade has started installing android based GPS and GIS device on vehicles.
42. The Directorate of Medical Education and Research which published the first merit based selection list for PG admissions will now have to revise it. The holiday bench stated that names of domiciled students stands cancelled.
43. The BMC has told Bombay High Court it wants land next to the Mayor's Bunglow at Shivaji Park from a vacant land tenant for the noble cause of building a memorial for the late Shiv Sena Chief Bala Saheb Thackeray.
44. There has been a three fold increase in applications for request of change of religion in the last three years.
45. The state's CET cell has seen around 20% jump in the number of law aspirants registered for the three year LLB CET compared to last year.
46. The super luxury Scania Buses manufactured in sweden will now be a part of MSRTC and 15 such multi axle vehicles will be introduced on Mumbai-Pune route from this week.
47. Maharashtra CM Devendra Fadnavis has said that all villages in Maharshtra will become drought free by 2020.
48. Supreme Court has directed that the Raymond Owner Vijpat Singhania and his son Gautam must vacant Juhu Bungalow and hand it over to family's kolkatta branch.
49. With Vacancies piling up in BJP's central organisation, a major reshuffle is expected soon of BJP office Bearers and also in some state units of Uttar Pradesh.
50. Nepals' First woman chief justice Sushila Karki was suspended after an impeachment motion against her was registered in Parliament by two major ruling parties.
51. Government to map industrial estates, parks and coastal and special economic zones has revealed that 1,850 such projects owned by the centre and states are spread over 4 lakhs hectare which is 2.7 times the area of delhi or over 9 times the size of greater mumbai.
52. British PM David Cameron has plans to write his memoirs in a designer garden shed that has been installed at his family home at cotsworlds rural area of South Central England.
53. Valtteri Bottas claimed his maiden Formula One victory when he resisted intense pressure from championship leader Sebastian Vettel.
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