Thursday, January 8, 2015

THE ECONOMIC TIMES Thu, Jan 08, 2015 | 06:01 PM IST news letter


THE ECONOMIC TIMES
Thu, Jan 08, 2015 | 06:01 PM IST

Daily Newsletter

Qatar Airways keen to buy stake in IndiGo
"Qatar Airways will always have a very keen interest in growing in India and investing in the aviation industry in In...
Mid-cap stocks likely to outperform large caps in 2015
Post September 2013, the mid caps have outperformed and the large caps’ valuations premium has come down sharply to l...
How oil at $50 could change almost everything
Even as cheaper fuel stimulates the global economy, it could aggravate political tension by squeezing government reve...
NITI Aayog being decked up to welcome top functionaries
The room of Panagariya, which was earlier occupied by his predecessor Montek Singh Ahluwalia is being refurbished for...
FEATURED STORIES
How Flipkart, Amazon are keeping fake products at bayHow Flipkart, Amazon are keeping fake products at bay
With success of e-commerce resting on building consumer trust & a brand, online marketplaces are catching on to minim...
read more
Bentley all set to drive out world’s most expensive SUV » 
India should take proactive role in climate change: R K Pachauri » 
POPULAR STORIES
Top five factors why Sensex fell over 850 points
HCL rewards 130 top performers by offering them a paid holiday abroad with family or a Mercedes
Tax-saving options: Which is the best instrument under Section 80C?
TCS layoffs: Nasscom takes stock
Would welcome a rate cut of 1 per cent...
AM Naik ,Executive Chairman,Larsen and Toubro

LATEST UPDATES

Sensex snaps three-days of losses; ITC, ICICI Bank top gainers
The benchmark BSE index ended 1.36 per cent to close at 27,274.71, while the broader NSE index closed 1.64 per cent h...
Defence related stocks good bet for long term; top picks to bets on in 2015
PM's call to "Make in India" may well be targeted at defence sector among others, where the country spends a big chun...
'India needs Rs 26L cr for infra financing in 5 years'
The analysis showed that out of the estimated Rs 26 lakh crore amount required for infrastructure projects, almost 80...
Government says coal reforms to go on after workers end strike
The government is also looking to divest a 10 per cent stake in Coal India in a sell-off drive to meet its budgetary ...
Market Watch
8 Jan | 06:01PM
SENSEX
27274.71365.89
NIFTY
8234.60132.50
USD/INR
60.16-0.18
GOLD (Rs/10g.)
26805.00-356.00
MARKET NEWS
Sensex rallies over 360 points in pull-back rally
The 30-share index closed at 27,274.71, up 365.89 points or 1.36 per cent. It touched a high of 27,316.41 and a low o...
Companies again use bonus debentures to reward investors
Mainly conservative cos are using this instrument at a time global environment is uncertain and the domestic economy ...
GainersLosers8 Jan, 2015, 06:01PM IST, PTI|View All
Company NameLive PriceChange (%)VolumeHighLow
B N Rathi Securities Ltd.36.0020.006408636.0030.50
Wheels India Ltd.1141.0520.00363381141.05961.00
Marico Kaya Enterprises Ltd.1165.2520.001648731165.25992.00
FEATURED SLIDESHOW

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20. Have you attended any bank interviews before?
21. What are the main differences you see in a private bank and public bank?
22. Have you heard about Basel 3?
23. What is the importance of Basel 2 in the present banking environment?

Daily GK Update - 7th January 2015


1. Railways' earnings up by over 12% 
i. Railways has earned Rs 1,14,656.13 crore during April-December 2014, registering an increase of 12.57 per cent. 
ii. It had earned Rs 1,01,856.45 crore during the same period in the previous year. 

iii. The total earnings from goods during April-December, 2014 were Rs 77,161.55 crore as compared to Rs 68,776.35 crore in the corresponding period in 2013, showing an increase of 12.19 per cent, according to the Railway Ministry data. 
iv. The total number of passengers booked during April- December 2014 were 6,256.16 million compared to 6,360.15 million during the same period in 2013, showing a decrease of 1.64 per cent. 
2. NASA Closer Than Ever to Finding Earth's 'Twin'
i. Two of the eight are the most Earth-like of any known planets found so far outside our solar system, astronomers told the 225th meeting of the American Astronomical Society in Seattle, Washington.
ii. The discovery doubles the number of known planets that are close in size to the Earth and believed to be in the so-called "Goldilocks zone" of the stars they orbit.
iii. The promising discoveries are that of the planets named as - Kepler 438b and Kepler 442b.

3. Google, New ally for 'Digital India' project
i. Vinton Cerf, Chief Internet Evangelist at Google, met Minister for Communications and Information Technology Ravi Shankar Prasad to discuss the role technology giant can play in supporting the government’s vision for a Digital India.
ii. Vinton Cerf said, "We have some ideas. We want to share with them those ideas to find out which of them make sense. Maybe they will have better ideas than us.”
iii. The government’s ambitious Digital India project aims to connect all gram panchayats by broadband Internet, promote e-governance and transform India into a connected knowledge economy.

4. IBA raises wage revision offer to 12.5%
i. The United Forum of Bank Employees has deferred the all-India bank strike.
ii.  the IBA had improved its offer of wage revision by raising the monthly salaries of banks employees and officers to 12.5 per cent. 
iii. The unions have refused to accept the offer which they termed was too low.

4. 500 Firms Approach Ministry to Make PF Optional
i. As many as 500 companies have approached the Ministry of Labour to consider revamping of the laws governing salary payment and granting employees a choice in how they are paid their salary.
ii. The petition asks the government to give employees the choice to decide on three issues.
  • Firstly, whether to make their 12 per cent employee contribution to Provident Fund or opt out of it.
  • secondly whether to pay 12 per cent employer contribution to the Employee Pension Scheme or to an individual account opened with the National Pension Scheme.
  • And thirdly, whether to pay their ESI contribution to the ESI corporation or purchase insurance from any IRDA regulated insurance company.
iii. Currently, in a cost to-company model informal employees can take home their entire salary while employees in the organised sector "lose" a part of their earnings to schemes like PF, Employees State Insurance (ESI), Professional Tax, Employees Pension Scheme, statutory bonus and gratuity.

5. Amitabh Bachchan named as the Brand Ambassador of AP health sector
i. Bollywood actor Amitabh Bachchan on 6 January 2015 named as the Brand Ambassador of  Andhra Pradesh (AP) health sector. 
ii. His appointment was announced by the AP Health Minister Kamineni Srinivas in Hyderabad.
iii. Being the brand ambassador of AP health sector, he will be participating in various health-related campaigns of AP government. 
iv. Bachchan will not take any remuneration for the services he would be rendering to the state as its health ambassador.

6. President signed Ordinance to amend Citizenship Act, 1955
i. President Pranab Mukherjee signed the Ordinance that amends’ Citizenship Act, 1955. 
ii. The ordinance provides life-long Indian visa facility to Person of Indian Origin (PIO) and exempts them from appearing before the local police station on every visit.
iii. It merges Overseas Citizen of India (OCI) and Persons of Indian Origin (PIO), thus making PIO eligible for life-long visa and bringing them on equal footing with OCI.
iv. It relaxes the requirement of 12 months in cases related to citizenship by registration and naturalization. Instead it allows for breaks up to 30 days if the Union government is satisfied that special circumstances exist, and has recorded them in writing.

7. Nilesh Shah resigned as MD & CEO of AXIS Capital Limited
i. Nilesh Shah resigned as Managing Director and Chief Executive Officer (MD &CEO) of Axis Capital Limited.
ii. Shah joined Axis Bank as President, Strategic Initiatives—Corporate Banking in March 2011. He took over as MD & CEO of Axis Capital in November 2013.  
iii. Prior to joining Axis, he was the Deputy-MD at the ICICI Prudential Asset Management. At ICICI he quit after serving for seven years when assets more than quadrupled.


Read more: http://www.bankersadda.com/2015/01/daily-gk-update-7th-january-2015.html#ixzz3OC8k2v00

THE ECONOMIC TIMES--7 january 2015 news letter

THE ECONOMIC TIMES
Wed, Jan 07, 2015 | 05:01 PM IST

Daily Newsletter

5 worries that may be troubling global investors
Investors have been skittish as oil prices dip & fear that Greece could exit the eurozone if anti-austerity oppositio...
Sajjan, Naveen, PRS Jindal to bail out Ratan Jindal’s JSL
Three brothers will be infusing funds into the newly formed JSL Group post the demerger and these investments will be...
Oil plunge: A 'golden opportunity' for Asian economies
Lower oil prices would ease inflationary pressures throughout Asia, allowing many central banks to either keep moneta...
China think tank cautions govt of India's new arms potential
The think tank said that "New Delhi's 'Look East' policy is shifting to 'Act East', and it wants to pivot to the Asia...
FEATURED STORIES
HCL rewards top performers: Paid holiday or MercedesHCL rewards top performers: Paid holiday or Mercedes
The novelty of being given a luxury car or an all-expenses-paid holiday as a token of appreciation strikes a deeper c...
read more
Is US economic growth already losing steam? » 
High-end restaurants cut food prices to boost demand » 
POPULAR STORIES
Tax-saving options: Which is the best instrument under Section 80C?
Top five factors why Sensex fell over 850 points
TCS layoffs: Nasscom takes stock
TCS job cuts spur legal threats, unionization calls
Gandhiji is the father of our nation... I am against putting up statues of Godse...
Rajnath Singh ,Home Minister,Government of India

LATEST UPDATES

It's time for retail investors to put their money to work: Analysts
Panic struck the market on Tuesday amid global sell-off in equities by institutional investors on renewed weakness in...
'Start investing as structural bull-run will resume March onward'
Foreign institutional investors are likely to aggressively start investing by March once analysts come out with FY17 ...
Postal service has potential to drive economy: PM
Modi said India's postal network has the potential to drive the economy with its huge assets across the country that ...
NITI Aayog to financially empower states: Arun Jaitley
NITI Aayog, which has replaced the 65-year-old Planning Commission, would help financially empower states, Arun Jaitl...
Market Watch
7 Jan | 05:01PM
SENSEX
26908.82-78.64
NIFTY
8102.10-25.25
USD/INR
60.16-0.18
GOLD (Rs/10g.)
27186.00-208.00
MARKET NEWS
Sensex slumps to 3 week low; FII favourite stocks lead losses
"We cannot rule out partial profits of 2014 moving out," said Nirakar Pradhan, chief investment officer at Future Gen...
Sharp currency movements to impact IT growth: Barclays
Barclays also expects Infosys to adjust its full year guidance to 6.5-7.5% US$ revenue growth, to compensate for the ...
GainersLosers7 Jan, 2015, 05:01PM IST, PTI|View All
Company NameLive PriceChange (%)VolumeHighLow
Yantra Natural Resources Ltd.0.0620.0032975950.060.05
XL Energy Ltd.4.0220.00636334.023.20
Cura Technologies Ltd.17.4119.991000117.4114.67
FEATURED SLIDESHOW
FROM THE NEWSPAPER
Budget 2015: Lower tax, higher spend on India Inc's wishlist
In pre-budget consultations, it seeks lower rates of taxation, higher personal income tax exemption limit & increase ...
Can PM Modi revive the lost charm of state-owned banks?
The euphoria of autonomy may be shortlived as government-owned banks face the reality of demanding customers and the ...
Ordinance to merge PIO, OCI cards promulgated
The amendments to the Citizenship Act will benefit PIOs and will give them benefits like life-long visa and exemption...
Trouble times for the Marans: Can they bounce back?
From SpiceJet, Aircel-Maxis deal to dipping Sun TV profits - the brothers probably have never had a rougher time & th...
Delhi Assembly poll results will be declared before Feb 15: ECI
The President’s Rule was imposed in Delhi on February 17, 2014, following the resignatio

Wednesday, January 7, 2015

Daily GK Update - 6th January 2015


1. World Cup 2015 squad announced: Yuvraj out, Jadeja in
i. The Board of Control for Cricket in India on Tuesday released its 15-member squad for the World Cup 2015.
ii. The noticeable exclusion was that of Yuvraj Singh who has been dropped from the squad.
iii. The players are as follows:
Mahendra Singh Dhoni (c), Shikhar Dhawan, Rohit Sharma, Virat Kohli,Ajinkya Rahane, Suresh Raina, Ambati Rayudu, Ravindra Jadeja , Ravichandran Ashwin, Axar Patel, Bhuvneshwar Kumar, Ishant Sharma, Mohammed Shami, Stuart Binny and Umesh Yadav.
iv. India will start it's World Cup campaign against Pakistan on 15th of February.


2. Five-day coal strike begins
i. Trade unions on Tuesday began a five-day coal industry strike, terming it as the biggest industrial action for any sector since 1977.
ii. The unions have gone on strike to protest against ’disinvestment and restructuring of State-run Coal India’ and to press for their other demands including the roll-back of what they call as “process of denationalising of coal sector”.
iii. The strike can affect coal production of up to 1.5 million tonnes a day and may also hit supplies to power plants which are already grappling with fuel shortages.
iv. All five major trade unions of the coal PSU had boycotted a meeting called by Coal Minister Piyush Goyal last week.

3. ISRO gears up to launch IRNSS 1D
i. After completing an eventful year, ISRO is gearing up for some satellite launches this year, with the IRNSS 1D being the first, which would put in place India's own navigation system on par with the Global Positioning System of the US.
ii. "The launch campaign for IRNSS 1D has come, which starts on January 16. Within two months, all components from other ISRO labs have to reach Sriharikota. The launch is likely after March 15.
iii. IRNSS 1D is the fourth in the series of seven satellites, the national space agency is planning to launch to put in place the Indian Regional Navigation Satellite System (IRNSS).
iv. While four satellites would be sufficient to start operations of the system, the remaining three satellites would make it more accurate and efficient.


4. P Krishnamurthy appointed as Private Secretary of Union Defence Minister Manohar Parrikar
i. IAS officer P Krishnamurthy was on 5 January 2015 appointed as Private Secretary of Union Defence Minister Manohar Parrikar.
ii. He is appointed for a five-year period or on co-terminus basis with the minister's tenure.
iii. Krishnamurthy is a 1997 batch IAS officer of Arunachal Pradesh-Goa-Mizoram Union territories (AGMU) cadre.
iv. He served as the Director of National Institute of Fashion Technology (NIFT) from 2011 to 2014.

5. Union Cabinet approved to set up India-based Neutrino Observatory in TN
i. Union Cabinet headed by Prime Minister Narendra Modi on 5 January 2015 approved to set up the India-based Neutrino Observatory (INO) in Tamil Nadu.
ii. The INO laboratory will host experiments such as the neutrino-less double beta decay and the search for dark matter.
iii. The INO project will be set up near Pottipuram village in the Bodi West Hills of Theni district in Tamil Nadu. The project is at an estimated cost of 1500 crore rupees.
iv. The project also includes Inter-Institutional Centre for High Energy Physics (IICHEP) and Iron Calorimeter Detector (ICAL).

6. Former Minister of State for PWD Ram Prasad Kamal died
i. Former Minister of State for Public Works Department (PWD) Ram Prasad Kamal passed away on 4 January 2015 after a brief illness in Allahabad. He was 84.
ii. Kamal was inducted into the BJP by former Prime Minister Atal Bihari Vajpayee in 1980 following which he was elected for two consecutive terms as member of the Uttar Pradesh Vidhan Parishad from 1992.
iii. Ram Prasad Kamal served as the Minister of State for PWD for BJP government from 1997-2004.


Read more: http://www.bankersadda.com/2015/01/daily-gk-update-6th-january-2015.html#ixzz3O7F01HXx