Page-3 of Current Affairs - July, 2015

Kalyani Group partners with Israel’s Rafael to make Spike Missile

July 30, 2015

India’s Kalyani Group and Israel’s Rafael have partnered to produce Spike Anti-Tank Guided Missiles (ATGM) in India. In this regard both the entities have formed a manufacturing Joint Venture (JV) and this move is considered to deepen India-Israel strategic cooperation. ..

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Pakistan receives CSF tranche of $336 million dollars from US

July 30, 2015

Pakistan received 336 million dollars fund from the United States for its on-going role in combating a Taliban insurgency in its neighbouring country Afghanistan. The fund is provided by US under the Coalition Support Fund (CSF) programme which was started ..

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India ink loan agreement of $300 million with ADB for NUHM

July 29, 2015

India inked a loan agreement worth US 300 million dollar with Asian Development Bank (ADB) to support the Union Government’s flagship program of National Urban Health Mission (NUHM). It is ADB’s first health project in India and the loan funds ..

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Sports Ministry constitutes Working Group for Re-drafting of the Sports Code

July 29, 2015

Union Sports Ministry constituted a 9 member Working Group to prepare a revised draft of the National Sports Development Code (NSDC). The Working Group will be headed by Retired Delhi High Court Judge CK Mahajan and submit its recommendations within ..

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Facebook launches its compressed version 'Lite' in India

July 29, 2015

Facebook, the social networking leader has unveiled a new compressed version of its application called ‘Facebook Lite’ in India to reach out its users who have slow data connections. The motive for launching this version in India is to expand ..

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Titagarh Wagons buys Italy-based Firema Trasporti

July 29, 2015

The Kolkata-based private sector wagon manufacturer Titagarh Wagons Ltd (TWL) has acquired Italian coach manufacturing company Firema Trasporti for 25 million Euros. This purchase will help out TWL to venture into the metro coach and high-speed train manufacturing business. Earlier in 2010, TWL had acquired ..

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World's first diamond exchange at Singapore to go online from September

July 29, 2015

Singapore Diamond Investment Exchange’ (SDiX) the first ever diamond exchange is all set to function from September 2015. Till now diamonds were traded on mutual basis where the retailers or jewellers used to buy diamonds from the polishers and consumers ..

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IndusInd Bank acquires RBS' bullion financing business for Rs 4,100 crore

July 29, 2015

IndusInd Bank has acquired the diamond and jewellery (bullion) financing business and related deposit portfolio of Royal Bank of Scotland (RBS) for 4,100 crore rupees on 28 July 2015. Britain’s largest public bank Royal Bank of Scotland (RBS) was in talks with IndusInd ..

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Hero Motocorp to buy assets of bankrupt US Company

July 29, 2015

India’s largest two-wheeler manufacturer Hero Motocorp’s wholly owned subsidiaries in U.S is to buy certain tangible and intangible assets worth of USD 2.8 million of U.S based Erik Buell Racing (EBR). This purchase is a part of the settlement deal with ..

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Dr Suniti Solomon, pioneer of HIV/AIDS research and treatment in India passes away

July 29, 2015

Dr Suniti Solomon, pioneer of Human immunodeficiency virus and Acquired Immune Deficiency syndrome (HIV/AIDS) research and treatment in India passed away in Chennai, Tamil Nadu. Her team was the first to document evidence of HIV/AIDS infection in India in 1986 ..

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