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India highest recipient of Remittances in 2017: World Bank
According to recently released Migration and Development Brief by World Bank, India has retained top position as recipient of remittances with about $69 billion in 2017. India was followed by China ($64 billion), Philippines ($33 billion), Mexico ($31 billion), Nigeria ..
Month: Current Affairs - April, 2018
TCS becomes first listed Indian IT firm to hit $100 billion market capitalisation
Tata Consultancy Services (TCS) has created history by becoming the first listed Indian IT company to hit the $100 billion market capitalisation (m-cap) mark. On April 23, 2018, the market value of the company stood at Rs 6.53 lakh crore. ..
Month: Current Affairs - April, 2018
TCS becomes India’s first $100 billion IT company
Tata Consultancy Services (TCS), the country’s largest IT outsourcing company created history by becoming the first Indian company to reach $100 billion market capitalisation (m-cap) milestone. Market capitalisation is value of company that is traded on stock market, calculated by ..
Month: Current Affairs - April, 2018
India, Finland settle Nokia tax dispute under MAP
India and Finland have reached an agreement on the tax dispute with Nokia under Mutual Agreement Procedure (MAP) system. The resolution covers disputes pertaining to Nokia India as well as Nokia Corp. This involves payment of Rs 1,600 crore, a ..
Month: Current Affairs - April, 2018
India pitches for independent BRICS credit rating agency
India has pressed the BRICS (Brazil, Russia, India, China and South Africa) nations to set up an independent credit rating agency of the five-member group. It was on sidelines of the first meeting of BRICS Finance Ministers and Central Bank ..
Month: Current Affairs - April, 2018
SJVN signs MoU with Ministry of Power to achieve 9200 Million Units in FY 2018-19
Hydro power major Sutlej Jal Vidut Nigam (SJVN) Limited has signed Memorandum of Understanding (MoU) with Ministry of Power for generating 9200 million units for the year 2018-19. The MoU was signed in New Delhi by Power Secretary Ajay Kumar ..
Month: Current Affairs - April, 2018
First International SME Convention 2018 to be held in New Delhi
The first International SME (Small, Medium Enterprises) convention will be held in New Delhi from 22ndto 24th April, 2018. It has been organised by Ministry of Micro, Small & Medium Enterprises. It aims to provide platform to allow Entrepreneur to ..
Month: Current Affairs - April, 2018
New Delhi to host first-ever International SME Convention-2018
The first-ever International SME Convention-2018 will be held in New Delhi from 22ndto 24th April. The Ministry of MSME has engaged with over 35 International Trade Development organisations to attract and invite able and willing entrepreneurs and encourage people to ..
Month: Current Affairs - April, 2018
India is now world’s sixth largest economy: IMF
According to International Monetary Fund’s (IMF) World Economic Outlook (WEO) for April 2018, India is now the world’s sixth largest economy at $2.6 trillion (interms of GDP), displacing France. The five economies ahead are United States, China, Japan, Germany and ..
Month: Current Affairs - April, 2018
34 global technology firms sign Cybersecurity Tech Accord
34 leading global technology firms including Facebook, Microsoft, HP, ARM, Cisco, and Oracle have signed Cybersecurity Tech Accord to work together on cybersecurity issues. Under it, signatory companies have agreed to collaborate on stronger defence systems, no offensive cyberattacks, and ..