Page-130 of IBPS
Infosys ADS begins trading on NYSE
Infosys American Depository Shares (ADS) have begun trading on NYSE (New York Stock Exchange). Very recently, the company had shifted its shares from NASDAQ to NYSE to give its European investors better access to its stock. The company is also ..
Month: Current Affairs - December, 2012
ICICI Bank opens 101 gramin branches across six states
Recognizing the potential of rural India and importance of financial inclusion ICICI Bank opened 101 gramin branches across six states namely across Maharashtra, Rajasthan, Andhra Pradesh, Gujarat, Madhya Pradesh and Tamil Nadu which will provide basic banking services such as ..
Month: Current Affairs - December, 2012
RBI eases KYC norms, no need of of introduction from an existing customer of the bank for opening of bank accounts
The RBI has eased the burden of producing multiple documents to open a bank account. It has said that banks can accept any of the documents such as Passport, PAN Card, Drivers’ Licence, Aadhaar letter, and NREGA Job Card as ..
Month: Current Affairs - December, 2012
SEBI allows 12 more AIFs
SEBI has allowed 12 entities to establish Alternative Investment Funds (AIFs) for real estate, private equity and hedge funds. The 12 AIFs that have been registered with SEBI since October 10, 2012 include India Realty Fund, Dar Mentorcap Film Fund, ..
Month: Current Affairs - December, 2012
Lok Sabha approves Enforcement of Security Interest and Recovery of Debts Laws (Amendment) Bill, 2011
Lok Sabha approved Enforcement of Security Interest and Recovery of Debts Laws (Amendment) Bill, 2011 which seeks to change the system of debt recovery. The Bill seeks to convert any part of debt of a defaulting company into shares by ..
Month: Current Affairs - December, 2012
WHO instructs India to keep lens on tourist for SARS-like virus
As instructed by the WHO, India is keeping a close watch on incoming tourists, fearing transmission of a new respiratory virus that belongs to the same family as the deadly Severe Acute Respiratory Syndrome (SARS). The WHO has instructed member ..
Month: Current Affairs - December, 2012
Walmart spent $25 million in lobbying to enter Indian retail market
Global retail major Walmart has reported in its disclosure that it has spent close to USD 25 million (aboutRs.125 crore) since 2008 on its various lobbying activities, including on the issues related to "enhanced market access for investment in India". ..
Month: Current Affairs - December, 2012
Apple joins hands with Google to bid for over $500 million Kodak patents
Apple Inc. and Google Inc. came together to offer more than $500 million to buy Eastman Kodak Co. (EKDKQ)’s patents out of bankruptcy. Why Apple and Google came together despite being competitors? Despite being competitors in the smartphone market, the ..
Month: Current Affairs - December, 2012
Golden Cards for industrialists in Uttar Pradesh
The Uttar Pradesh govt will issue Golden Card to to industrialists and industrial associations for easy access to its offices. What is a Golden Card? A Golden Card will be like an identity (ID) card with the holder’s photo. It ..
Month: Current Affairs - December, 2012
“Cyber Monday”: Google India collaborates with e-Commerce companies to bring in Cyber Monday
India will celebrate ‘Great Online Shopping Festival’ where shoppers, via online shopping, will be offered best deals from e-Commerce, local & classified, online travel sites and BFSI industry. The concept, which is being brought here by Google India with other ..