Page-12 of Current Affairs - August, 2015

Egypt approves stringent new counter-terrorism laws

August 17, 2015

Egypt has approved stringent new counter-terrorism laws to fight the menace of growing jihadist insurgency in the country. These laws were approved by Egyptian President Abdul Fattah al-Sisi. The new laws propose Establishment of special courts to fast-track trials for ..

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Former Cabinet secretary Ajit Kumar Seth appointed as the Chairman of PESB

August 17, 2015

Former Cabinet secretary Ajit Kumar Seth has been appointed as the Chairman of the government’s head-hunter, Public Enterprises Selection Board (PESB) on 14 August 2015. As per the order issued by Department of Personnel and Training (DoPT) Ajit Kumar will head PESB by ..

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HDFC to sell its 9 percent stake in HDFC life to JV partner Standard Life for Rs. 1700 Crore

August 17, 2015

HDFC has announced to sell its 9 per cent stake in HDFC Life Insurance to its British joint venture partner Standard Life for sum of 1,700 crore rupees. Prior this agreement HDFC had 70.65 per cent stake while Standard life ..

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Birla Corp to acquire Lafarge's two Indian units for Rs. 5000 crore

August 17, 2015

Birla Corporation has signed an agreement with French-based Lafarge Group to acquire its Jojobera unit in Jharhkand and Sonadih in Chattisgarh for sum of Rs. 5000 crore. The Lafarge disinvested these two units in order fulfil the directions given by ..

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Hero Cycles acquires leading UK-based Avocet Sports

August 17, 2015

World’s largest bicycle manufacturer Hero Cycles acquired majority stake in UK-based Avocet Sports for an undisclosed amount. It is the first overseas acquisition of Hero Cycle with an aim to enter into high-end bicycle market in Europe. Manchester-based Avocet is among top ..

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Odisha Cabinet approves Fisheries Policy 2015

August 17, 2015

Odisha state cabinet approved ‘Fisheries Policy, 2015’, with an objective to increase the productivity and production of fish from island, marine and brackishwater resources. As per the Odisha Fisheries Policy: The state government has set targets 7.15 lakh tonne of ..

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India, Bangladesh ink MoU to fight fake currency

August 17, 2015

India and Bangladesh have inked a memorandum of understanding (MoU) for full cooperation to tackle the menace of fake Indian currency notes (FICN) smuggling. The MoU was signed at a maiden meeting of the Joint Task Force on Fake Currency ..

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MHA to setup pan-India National Fingerprint Database

August 17, 2015

Union Ministry of Home Affairs (MHA) has decided to establish a pan-India National fingerprint database to aid in the speedy identification of criminals and investigation of crimes across the country. Key facts The database will have fingerprint records of nearly ..

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Greenko to sell India’s assets to GIC of Singapore for Rs. 1,600 crore

August 17, 2015

Hyderabad based renewable energy company Greenko has agreed to sell its India assets to Singapore based sovereign wealth fund company GIC for about 1,600 crore Rupees. Greenko has signed a non-binding deal with GIC for the sale of the company’s trading ..

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Housing.com acquires HomeBuy360

August 17, 2015

Mumbai based Real estate listing portal Housing.com has acquired Bengaluru-based customer relationship management software company HomeBuy360. The software company was acquired in a cash deal of US 2 million dollars or 13 crore rupees. This deal will help Housing.com to ..

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