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General Awareness

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Daily G.K. - Top Stories

19 Jul 2015

INTERNATIONAL AFFAIRS

Greek Banks to Reopen

  • Greek banks will reopen after a three-week closure and withdrawal limits have been relaxed, but capital controls remain in place.
  • The decree sets a new cumulative weekly withdrawal limit of 420 euros (USD 458), with the daily limit remaining at 60 euros.
  • A broad range of capital controls still remain in place, however, including a block on capital transfers and a ban on the opening of new accounts and addition of new depositors to existing accounts.
  • The decree also enables the Bank of Greece to restrict the amount of euros or other currency carried in cash out of Greece.
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ENVIRONMENT

Earth's Hottest Year on Record was 2014

  • According to a report from scientists, the unusually warm weather felt last year across most parts of the world, made 2014 the hottest year in recorded history.
  • Several markers of climate change such as rising land and ocean temperature, sea levels and greenhouse gases set new records in 2014, the fifth warmest year since national records began in 1901.
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BUSINESS AND ECONOMY

Federal Bank Q1 Net Profit Drops

  • Federal Bank reported a 35.8 per cent fall in its net profit at Rs.141.39 crore for the first quarter ended June 30, 2015, against Rs. 220.23 crore in the corresponding period of the previous year. The operating profit stood at Rs. 367.21 crore against Rs. 351.53 crore.
  • While the total income grew 9.3 per cent year-on-year to Rs. 2,107.09 crore from Rs. 1,928.04 crore, other income recorded a year-on-year growth of 23.9 per cent to Rs. 193.94 crore from Rs. 156.54 crore.
  • Total business of the bank has registered a y-o-y growth of 13.9 per cent to Rs.1,21,691.42 crore as on June 30, 2015.

Titan to Add over 200 Stores This Fiscal

  • Titan seeks to continue its aggressive retail expansion during this fiscal, while it plans to actively participate and capture the potential of e-commence boom.
  • The company has chalked out plans to add 105 stores in watches and accessories, 33 stores in jewellery and 81 stores in eyewear during this fiscal.
  • With net addition of 123 stores in the previous fiscal, the company, as of March 31, 2015, had 1201 stores, with over 1.59 million square feet of retail space delivering a retail turnover of just Rs.12,000 crore.
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