Tuesday, March 31, 2015

THE ECONOMIC TIMES Tue, Mar 31, 2015 | 05:46 PM IST Daily Newsletter

THE ECONOMIC TIMES
Tue, Mar 31, 2015 | 05:46 PM IST

Daily Newsletter

India skips Iran oil imports for first time under US pressure
India is Iran's second-biggest buyer on an annual basis after China, yet it did not take any crude from Tehran in Mar...
Analysts see limited downside in Sensex in FY16; 5 factors that would stem the fall
It looks like most of the negative news including the poor fourth-quarter results are factored into the correction, s...
From April 1, shell out more for MFs, eating out and business-class flights
Finance Minister had came out with a host of proposals last month to rationalise service tax, which is levied at an e...
Calls offering crores to support BJP were made with Kejriwal's consent: Garg
"During the initial phase of govt formation, I got calls from someone who claimed to be calling from Jaitley's office...
FEATURED STORIES
Will 26 year old Ryo Mukumoto drive Honda out of trouble?Will 26 year old Ryo Mukumoto drive Honda out of trouble?
Ryo Mukumoto was 22 and into his third year making mock-ups at Honda's research arm when he beat about 400 other entr...
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New IIMs face leadership crisis; poor salaries make life tough » 
Luxury phone brands like Vertu, Mobiado fail to lure consumers in India » 
POPULAR STORIES
What central government employees can expect from the 7th Pay Commission
Should you buy Sukanya Samriddhi Yojana?
How Indians have become the largest non-Arab investors in Dubai's real estate
Infosys rolls out average salary increment of 6.5%, dampening staff sentiment
Wipro fully prepared to handle Azim Premji's exit...
Suresh C Senapaty ,Former CFO,Wipro

LATEST UPDATES

Wives, daughters rescue cos from Sebi's new norm
Sebi has asked all listed firms to have at least one woman director on their respective boards from Wednesday onwards...
Top 10 mid & small caps that tripled investor wealth in FY15
The sharp decline in these stocks in the recent sell-off gave fund managers the perfect excuse to purchase them aggre...
'India Inc's biz confidence improves on growth outlook'
The CII Business Confidence Index (BCI) improved marginally during Jan-March FY15, moving up to 56.4 from a level of ...
External debt rises 3.5% to $461.9 bn as of Dec-end
External debt-to-gross domestic product (GDP) ratio stood at 23.2 per cent as of end-December, compared with 23.7 per...
Market Watch
31 Mar | 05:46PM
SENSEX
27957.49-18.37
NIFTY
8491.00-1.30
USD/INR
60.16-0.18
GOLD (Rs/10g.)
26270.000.00
MARKET NEWS
Bye-bye FY15; Sensex ends fiscal year at 27,957.49
Analysts are of the view that the bull run is still on and the index is well on its way to hit fresh record high in t...
Sensex set to hit record high in 2015, but analysts cut forecasts
Analysts are of the view that the bull run is still on and the index is well on its way to hit a fresh record high in...
GainersLosers31 Mar, 2015, 05:46PM IST, PTI|View All
Company NameLive PriceChange (%)VolumeHighLow
Sanguine Media Ltd.0.0620.0012596190.060.05
Arvind Remedies Ltd.14.7020.0096743014.7012.75
Upsurge Investment & Finance Ltd.19.8020.00117619.8016.50
FEATURED SLIDESHOW
FROM THE NEWSPAPER
Surplus liquidity may force State Bank of India, Axis bank, others to cut rates
The country's top banks seem to be on the same page now on the direction of interest rates and the need to lower rate...
Fight against poverty: Telangana, J&K, MP and Maha worst performing states
Telangana, J&K, Madhya Pradesh and Maharashtra are the worst performing states in providing for the poorest of the po...
New black money law may apply to expatriates & their families' concealed income
Tax advisors have begun to receive queries from companies that employ foreigners, with some planning to lobby the gov...
Saina Nehwal can scare the Chinese players: Prakash Padukone
Padukone was courtside on Sunday to watch Saina Nehwal emulate his feat in New Delhi. He spoke to Gaurav Kalra on how...
Helion Venture Partners, IDG Ventures sell stakes in Flipkart
Last month, ET was the first to report that Flipkart was seeking a valuation of $15 bn as it prepares the ground for ...
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Daily GK Update - 29th - 30th March 2015




1. Madan Mohan Malaviya posthumously awarded Bharat Ratna
http://4.bp.blogspot.com/-OUov9mP3EXg/VRlF5xXuQSI/AAAAAAAADwQ/OnB7ySyUdmA/s1600/2.jpg
i. Freedom fighter and educationist, Pandit Madan Mohan Malaviya on 30 March 2015 was conferred the highest civilian award of the country Bharat Ratna (posthumous). His family members received the award from President Prabab Mukherjee at a function in the Ashoka hall of the Rashtrapati Bhavan. 
ii. The award was given to Pt Madan Mohan Malaviya or Mahamana Malaviya’s family for his outstanding work in the field of education and the country's freedom struggle.
iii. Pandit Malaviya was born on 25 December 1861 in Allahabad. He studied at Calcutta University and became a school teacher. Later he also practiced as a lawyer and even a newspaper editor. He was the founder of Banaras Hindu University (BHU) and Hindu Mahasabha.
iv. Besides, President also presented Padma Vibhushan, Padma Bhushan and Padma Shri awards.

2. Aditi Arya crowned FBB Femina Miss World 2015
i. Aditi Arya was declared fbb Femina Miss India World 2015 at a star-studded event at the Yash Raj Studios.
ii. Aafreen Rachel Vaz walked away with the fbb Femina Miss India 2015 first runner-up crown, while Vartika Singh was fbb Femina Miss India 2015 second runner-up.
iii. Gurgaon girl Aditi Arya, a research analyst, received the crown from Miss India 2014 Koyal Rana. Aditi will represent India at Miss World 2015 to be held later this year.
http://4.bp.blogspot.com/-JxLyjRTvTM4/VRlGcOhv8dI/AAAAAAAADwg/Dv-W1WM923c/s1600/1.jpg

3. Cricket World Cup 2015: Australia crush New Zealand in final
i. Australia overwhelmed New Zealand to win the World Cup for a fifth time at an ecstatic Melbourne Cricket Ground.
ii. Aussies defeated the Kiwis by seven wickets to complete the fiver.
iii. James Faulkner was adjudged the Man of the Match.
iv. Mitchell Starc was selected as the man of the tournament for his breath taking performance in the tournament.
v. ICC team of World Cup 2015: Brendon McCullum (c), Sangakkara, Smith, De Villiers, Maxwell, Corey Anderson, Vettori, Starc, Boult, Morkel, Brendan Taylor (12th man)
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4. Reliance Power’s Sasan UMPP fully operational
i. Anil Ambani controlled Reliance Power Ltd has announced the commissioning of the sixth and last 660 MW unit of the 3,960 MW Sasan Ultra Mega Power Project (UMPP).
ii. The Sasan UMPP is the largest integrated power plant cum coal mining project at a single location involving investment of over Rs. 27,000 crore.
iii. Reliance Power’s generation capacity has increased to 5,945 MW which includes 5,760 MW of thermal and 185 MW of renewable energy based capacity.

5. Earth Hour 2015 observed globally from 8.30 pm to 9.30 pm local time
i. Earth Hour 2015 was observed globally on 28 March 2015 from 8:30 pm to 9:30 pm local time. The tagline for the global campaign was Change Climate Change. This was the ninth edition of the Earth Hour that started in 2007.
ii. Earth Hour 2015 was observed across 172 nations and territories and around 1400+ iconic landmarks of the world switched off the lights.
iii. Earth Hour is a global campaign with a simple message to switch off non-essential lights for one hour on the last Saturday of March between 8:30 and 9:30 pm. This is done as a commitment to the planet. 
iv. Earth Hour is organised by the World Wide Fund for Nature (WWF) since 2007 when it was first observed in Sydney, Australia.
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Earth Hour in India 

  • India joined the Earth Hour campaign in 2009 and over the years has seen an exponential growth in participation across cities, towns and even far-flung villages of rural India. 
  • The brand ambassadors for Earth Hour in India are Arjun Kapoor (actor), Priya Mani (actress), Sania Mirza (Tennis player), June Maliah (actress), and Suresh Gopi (Malayalam actor).
6. ISRO navigation satellite in orbit
i. India demonstrated its ability to establish an independent regional navigation satellite system, as ISRO’s PSLV C-27 successfully launched Indian Regional Navigation Satellite System (IRNSS) 1-D satellite into the intended orbit.
ii. IRNSS is the series of navigational sattelites in answer to the U.S. GPS system, While the ambit of the U.S. GPS was global, the IRNSS was meant for regional coverage.
iii. While four of the seven satellites in the IRNSS will be in geosynchronous orbit, the other three would be positioned in geo-stationary orbit, some 36,000 km above the Earth.

7. Saina Nehwal, K Srikanth win India Open titles
i. Saina Nehwal defeated third seeded Ratchanok Intanon of Thialand to win $275,000 India Open badminton championship
ii. Saina blitzed past former World champion Ratchanok Intanon 21-16, 21-14 for her ninth BWF Superseries title and first National Open.
iii. In the men's section Viktor Axelsen was defeated by the Indian star K Srikanth to script a brilliant 18-21, 21-13, 21-12 triumph. 

8. Superb Saina scales historic World No.1 ranking
i. Saina Nehwal scripted history by becoming the first Indian woman shuttler to attain the number one spot in world rankings, reaffirming her status as the country's most consistent performer in the international circuit.
ii. official rankings will be out only on Thursday next week, Saina has been assured of her ascent to the top owing to the performances in the Indian open.
iii. Only Indian to be at numero uno was Prakash Padukone in the men's circuit.

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