General Awareness

BUSINESS AND ECONOMY - September 2015

Sep 2015

Mar 12, 2020

TCIS Signs MoU with Gambia for MEA's eVBAB Network Project

Telecommunications consultants India Limited (TCIS) under the Ministry of Communications and Information Technology signed a Memorandum of Understanding with Gambia. This MoU is signed for the participation in MEA's (eVBAB) e-VidyaBharati and e-ArogyaBharati Network Project for tele-medicine and tele-education in Africa.
It is signed by the High commissioner of Gambia, Jainaba Jagne to the Director-Technical at the TCIL, Kamendra Kumar India at New Delhi.
Gambia is the 16th country to participate in this e-Network project.

Google India Unveils 18-week Long Skill Development Programme 'DigiPivot' for Women

Google India launched a skilling programme for women called 'DigiPivot', for woman who wishes to return to their company careers after a break or just planning to make mid-career shifts to digital advertising and marketing.
The programme will end on August 28, 2020 with a day-long graduation occasion on the Google Hyderabad (Telangana) Campus.
The skilling programme was developed jointly in partnership with a career portal service –Avtar & and the Indian School of Business (ISB) with the aim to help the general gender mix within the digital advertising and marketing panorama in India and can offer an opportunity for 200 girls professionals to re-skill themselves.
Woman who're at present working and those that are ready to return to the workforce with 4-10 years of expertise in consulting, analytics, branding and sales and support are eligible to attend this programme.
The selected woman will undergo a curated 18-week studying program and engagement (each offline & on-line) that aims to empower them with digital advertising and marketing data and instruments in addition to mentorship on strategic management abilities.

Qatar's Black Cat Engineering Ties up with TCS for Digital Solutions

IT firm TCS partnered with Qatar-based Black Cat Engineering & Construction (BCEC) to provide digital solutions and innovation strategy.
Tata Consultancy Services was selected by BCEC as the strategic partner to drive the latter's digital transformation and co-innovation strategy.
As part of the tie-up, TCS is enabling BCEC to reimagine its end-to-end business processes from tendering to construction, incorporating EPC industry's best practices, to design and implement multifunctional and multiservice solution on Oracle Cloud ERP (Enterprise Resource Planning).

Five Indians in WEF's Young Global Leaders List

Byju Classes' founder Byju Raveendran and Zomato's co-founder Gaurav Gupta are among the five Indians named by the World Economic Forum (WEF) in its new list of 115 Young Global Leaders.
Announcing the list, Geneva-based WEF said these 'change-makers' from as many as 52 countries are working in areas ranging from revamping of health systems to investigating corruption while using their power of the under 40s to change the world.
The other three Indians on the list are Tara Singh Vachani (CEO of Antara Senior Living), Vinati Mutreja (managing director and CEO, Vinati Organics Limited), and Swapan Mehra (CEO, Iora Ecological Solutions).
These five Indians are joined on the 2020 list of YGLs by US women's football team co-captain Megan Rapinoe, world-renowned street artist JR, New Zealand's first refugee parliamentarian Golriz Gharhaman, Finland's youngest prime minister Sanna Marin, BBC News's Africa Business Editor Larry Madowo and Xiaomi's international business president Chew Shou Zi.
The list also includes Muhammad Hammad Azhar (Federal Minister for Economic Affairs in Pakistan), Ugyen Dorji (Minister of Labour and Human Resources, Bhutan) and Atika Rehman (UK Correspodent for Dawn.com, Pakistan).

HDFC, Kotak to Join SBI in Yes Bank's Rescue Plan

Top mortgage lender Housing Development Finance Corp. Ltd (HDFC) and automobile financier Kotak Mahindra Prime Ltd will invest Rs. 2,000 crore each in crisis-hit Yes Bank Ltd, according to a rescue plan prepared by State Bank of India (SBI), with the state-run lender bringing Rs. 2,450 crore on its own. As per the plan, Yes Bank needs to raise capital of Rs. 20,000 crore in the next six months, which will be infused in stages.
A draft recapitalisation plan outlining the initial investment was submitted to the Reserve Bank of India (RBI) and the Union Finance Ministry, which will provide enough equity capital into cash-starved Yes Bank and help it stay afloat.

Mar 11, 2020

Saudi Arabia and Russia Raise Stakes in Oil Standoff

Saudi Arabia will raise its crude supply to a record high in April, the kingdom announced on Tuesday, as it ratcheted up a standoff with Moscow over market share and appeared to reject Russian overtures for new talks.

Mukesh Ambani Loses Asia's Richest Crown

Mukesh Ambani, an Indian industrialist and chairman of Reliance Industries Limited (RIL), is no longer Asia's richest man. Now, Jack Ma has become the richest man of Asia as RIL's share prices crashed at the stock market due to the Coronavirus epidemic and fall of oil prices.
Mukesh Ambani lost USD 5.8 billion in net worth due to the crash of share prices. The founder of Alibaba became Asia's richest man with a net worth of USD 44.5 billion. However, Mukesh Ambani is the richest man of India with a net worth of USD 41.8 billion.

TESCO Sells Asia Unit

TESCO Plc agreed to sell its businesses in Thailand and Malaysia to Thai billionaire Dhanin Chearavanont for more than $10 billion and will return almost two-thirds of the proceeds to shareholders. Britain's largest supermarket chain plans a £5 billion special dividend after agreeing to sell the assets to Chearavanont's Charoen Pokphand Group. The deal will generate cash proceeds of £8 billion and represents an enterprise value of £8.2 billion.

Mar 10, 2020

IIT Madras Collaborates with Rolls-Royce for Research

Global industrial technology company Rolls-Royce signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology Madras (IIT-M) for joint research programmes.
The company said that as per the agreement, it will also send some of its engineers to IIT-M for higher education.
As part of the MoU, Rolls-Royce and IIT-M will also aim to pursue advanced research in areas of relevance to future technological and programmatic needs of the company.
As part of its Technical Higher Study Framework, Rolls-Royce will sponsor select employees keen to pursue Masters and PhD level studies, in partnership with IIT Madras.
To qualify for the program, employees must first clear the IIT Madras selection process, and their topic should be aligned with Rolls-Royce strategic research priorities and capabilities.

Tata AIA Life Insurance to Provide Football Coaching to under-Privileged Girls under its 'Bachhpa...

In order to create interest in education for the under-privileged girls aged 12-16 years, by using football coaching as a medium, Tata AIA Life Insurance, a joint venture company formed by Tata Sons Ltd and AIA Group Ltd(AIA), has launched a 'Bachhpan Ka Rakshakaran' program in association with Mumbai based Non-profit 'Oscar Foundation'.
It also conducted a full day coaching session at Astra Turf, WIFA (Western India Football Association), Cooperage, Colaba in Mumbai,Maharashtra.
In view of International Women's Day on March 8, 2020, Tata AIA Life Insurance also invited AIA Hotspurs celebrity coach, Anton Blackwood to train a team of 35 under-privileged girls belonging to the Oscar Foundation.

Mar 09, 2020

Arvind Unveils "United by Indigo" - Festive 2020 Collection

Stimulated by the acceleration in the sector, Arvind, the USD 2 billion textile-to-technology conglomerate, announced the launch of its latest collection, United by Indigo - a collection for the forthcoming Festive 2020 Season In India, that thoughtfully balances the legacy of authentic denim with future possibilities to capture the essence of the present-day global trends.
The Lycra Company, a market leader in functional and performance speciality - stretch yarn technology, co-hosted today's event. They have been Arvind's innovation partner since many years and have collaborated to deliver multiple unique and successful products to the Indian market.
At the unveiling held in Mumbai today, Arvind Denims debuted the INFIKNITY range, representing infinite possibilities in Indigo inspired activewear lifestyle, using a range of technology adaptations in Knitting. Also, on display were the latest up-dates on the already popular range of MUTANTS that blend the ruggedness and durability of traditional Jeanswear with comfort and supple softness of real knits.

Commerce Ministry Clears TCS, DLF Proposals to Set up SEZs for IT Sector in Haryana and UP

The highest decision-making body for special economic zones (SEZs) chaired by the commerce secretary Anup Wadhawan, approved the proposals of Information technology (IT) major TCS (Tata Consultancy Services Limited) and DLF (Delhi Land and Finance) Limited a premier real estate company in India to establish a special economic zones (SEZs) for IT sector in Uttar Pradesh (UP) and Haryana respectively.
TCS proposed to establish an IT/ITeS (Information Technology Enabled Services.) SEZ in Noida, Uttar Pradesh, over an area of 19.9 hectares at a cost of Rs. 2,433.72 crore.
Similarly, DLF has proposed to establish two SEZs in Haryana with an investments worth of Rs 793.95 crore and Rs. 761.54 crore.
The central government has cleared 417 such zones in India, as on November 14, 2019.Of these, 238 zones are in active state.

Centre Invites Bids for Sale of Bharat Petroleum Corporation Ltd.

The government invited bids for the sale of its entire 52.98% stake in country's second biggest State-owned oil reﬁner Bharat Petroleum Corporation Limited (BPCL).
However, amid falling oil prices, analysts believe that the government will ﬁnd it diﬃcult to get a good valuation for the company.
The government's plan to sell its stake in BPCL could be delayed, as many global oil majors that have been looking at the company as an outlet to reﬁne their crude may revaluate their bids in a scenario of sinking oil prices.
Global oil majors, starting from world's largest oil ﬁrm Saudi Aramco to U.S. major ExxonMobil, from Russia's oil major Rosneft to Royal Dutch Shell, from Total of France to Abu Dhabi National Oil Company (ADNOC), are said to be interested.

Paytm, Hyderabad Metro Tie Up for QR-based Tickets

Hyderabad Metro Rail Limited (HMRL) in partnership with Paytm launched a QR-code-based metro ticketing system at Rasoolpura metro station Hyderabad.
This system will help people book digital tickets easily and it also reduces the ticket congestion at the ticket counters.
It also provides a hassle-free journey to the customers.

Mar 08, 2020

RBI to Extend Rs. 10,000 crore under Special Liquidity Facility

The Reserve Bank of India has decided to extend a loan of Rs. 10,000 crore immediately under the special liquidity facilty to Yes Bank against government securities.
The 90-day loan will be offered at the current Bank Rate of 5.4% plus 3% to meet the immediate liquidity needs of the bank. Under the special liquidity facility, RBI gives loan against eligible securities to financial institutions under emergency.
In 2004 RBI had given a loan of Rs. 463 under the similar facility to the troubled Global Trust Bank before it was merged with Oriental Bank of Commerce.
The decision to extend a loan comes alongside the RBI's move to supersede the board of Yes Bank and announce a draft reconstruction scheme for the private sector lenders. Under the scheme, State bank of India will invest up to 49% stake in the bank's expanded capital. Such a move would end up making Yes Bank, placed under RBI control, one of the subsidiaries of SBI, the country's largest lender.

Maharashtra Civic Bodies' Funds to the Tune of Rs. 1,125 cr Stuck in Yes Bank

For the second time in recent weeks, the Maharashtra government has sought details of the funds lying with various private sector banks following the Yes Bank imbroglio that erupted.
The state has asked various civic bodies, state public sector undertakings, autonomous bodies and other government departments on their exposure to the Yes Bank, and full details of their funds/deposits/salary accounts/etc., lying with other private sector banks.
The development came in the wake of Chief Minister Uddhav Thackeray's directives on Friday to avoid parking state government funds in private sector banks henceforth and only use the services of public sector banks.
The state's move came even as at least three major civic bodies have admitted that their deposits of around Rs. 1,125 crore are stuck in the beleaguered Yes Bank.

Trade Impact of Coronavirus Epidemic

In accordance with the estimates prepared by Division on International Trade and Commodities, UNCTAD and published by United Nations Conference on Trade and Development (UNCTAD) titled "Global trade impact of the Coronavirus (COVID-19) Epidemic", India is among the top 20 economies most affected by the slowdown of manufacturing in China due to Coronavirus (COVID-19) epidemic, which is disrupting world trade and could result in a 50 billion dollar decrease in global exports. The estimates are highest for European Union (EU) with an impact of USD 15.6 billion.
India faced a trade impact of 348 million dollars due to slow down in China's production.
Most affected economies: EU (USD 15.6 billion) is followed by the United States [US (USD 5.8 billion)], Japan (USD 5.2 billion), South Korea (USD 3.8 billion), Taiwan Province of China (USD 2.6 billion) and Vietnam (USD 2.3 billion).
Most affected sectors: Precision instruments, machinery, automotive and communication equipment.

Share on

TCY Analytics (View Subscription Plans)

Subscribe to GK Updates

I want to receive

GK Tags

October GK, September GK, August GK, INTERNATIONAL AFFAIRS, ENVIRONMENT, BUSINESS AND ECONOMY, SCIENCE & TECHNOLOGY, SPORTS, NATIONAL AFFAIRS, DEFENCE, PERSONS IN NEWS, DAYS AND EVENTS, AWARDS AND HONOURS, GOVERNMENT POLICIES AND SCHEMES, GENDER/ HEALTH/ EDUCATION, ART AND CULTURE, BOOKS AND AUTHORS, TOURISM AND HOTEL INDUSTRY AWARENESS, ART AND CULTURE, LAW AND CONSTITUTIONAL AFFAIRS

Start Discussion

On any topic

Take Tests

Compiled from GK updates

Login

Sign Up

Forgot Password

Download TCY App

Unlock All Services and Enjoy The Premium Benefits

US$ 10

US$ 13

US$ 15

US$ 17

US$ 19

US$ 20

US$ 21

US$ 22

US$ 23

US$ 24

US$ 25

US$ 26