Current Affairs of 22 November

1. US President Barack Obama to be the Chief Guest of India’s Republic Day 2015
The US President Barack Obama will be the Chief Guest at 66th India’s
 Republic Day celebrations 2015. The White House on 21 November 2014 accepted the invitation of Prime Minister Narendra Modi.
Obama will participate in the Republic Day celebrations of India, which will be held in New Delhi on 26 January 2015. He will be the first US President to attend the Republic Day Parade of India.

2. SEBI de-recognised Delhi Stock Exchange
Securities Exchange Board of India (SEBI) on 19 November 2014 announced to de-recognise Delhi Stock Exchange (DSE) on the allegations of serious irregularities in its functioning.
The order of de-recognition will be applicable with immediate effects.
SEBI observed that the activities of DSE were carried out in a manner contrary to the interest of the investors. The regulator will take all necessary steps consequential to de-recognition.

3. Oscar award winner Mike Nichols died at 83
Oscar award winner Mike Nichols died on 19 November 2014. He was 83.  He was an US director, pioneering comedian and an outstanding theater director.
He was one among the few people to win an Emmy, a Grammy, an Oscar and a Tony award.  His best movies are The Graduate (1967), Silkwood (1983), Who's Afraid of Virginia Woolf?, Working Girl and The Birdcage (1996).

4. Mathematician Alexander Grothendieck died
Mathematician Alexander Grothendieck died in France on 13 November 2014. He was 86. He was one of the greatest mathematical minds in algebraic geometry of the twentieth century.
He received the Fields medal, the most prestigious honour in mathematics, in 1966. The Grothendieck-Riemann-Roch theorem was one striking result to emerge in 21st century.

5. Deutsche Bank won Custodian of the Year 2014 award
Deutsche Bank  won Custodian of the Year 2014 award.  The bank was awarded the ‘Channel Islands Custodian of the Year 2014’ title, with the award being presented to Lisa Haggarty, Head of Custody and Fund Solutions for Deutsche Bank Channel Islands.
The award has been recognized for the third consecutive year at the Custody Risk European Awards. The award ceremony was held in the London.

6. Dhanlaxmi Bank independent director quits
Dhanlaxmi Bank in a release to the stock exchange said K Srikanth Reddy, Non-Executive Independent Director, had resigned from the board of directors of the bank with effect from November 15.

7. Gandhinagar to host stainless steel expo in January
he Indian Stainless Steel Development Organisation (ISDO) will hold the world’s biggest integrated stainless steel expo ‘INDINOX 2015’ between January 24-27 at Gandhinagar in Gujarat.
This B2B expo will have more than 1,000 stalls, which would include 50 international exhibitors and there will be a China machinery pavilion as well.
The fair will exhibit raw materials, household steel, hardware, allied products and machinery. More than one lakh trade visitors are expected to visit the expo.
‘INDINOX Stainless Steel Conference 2015’ will be held on 25th and 26th January 2015 at Gandhinagar. Leaders of the stainless steel industry across the world will be participating, ISDO Chairman Ugamraj Hundia told presspersons here.

8. India's first aircraft carrier slips into history
Work has begun on scrapping the country's first aircraft carrier, Vikrant.
Built for the British Royal Navy as HMS Hercules in 1943, it was acquired by India in 1957 and saw action during the India-Pakistan war in 1971, playing a key role.
When the electric saws were pressed upon the ship, it essentially put an end to a movement by activists to save her. Vikrant was auctioned to a ship-breaker for Rs 63 crore this year. Mumbai's IB Commercials Pvt Ltd won the bid on January 29 and bought the vessel on April 9. Since then, the company faced hurdles as a PIL filed in the Bombay high court towards the end of 2013 proceeded to the Supreme Court.
Save Vikrant Committee chief Kiran Paigankar, who had filed the PIL to save the ship, termed it "a sad day in the country's glorious maritime history". He said it was unfortunate that the process to expedite the end of Vikrant was initiated by the Indian Navy which once considered the vessel its 'pride'.
1. US President Barack Obama to be the Chief Guest of India’s Republic Day 2015
The US President Barack Obama will be the Chief Guest at 66th India’s
 Republic Day celebrations 2015. The White House on 21 November 2014 accepted the invitation of Prime Minister Narendra Modi.
Obama will participate in the Republic Day celebrations of India, which will be held in New Delhi on 26 January 2015. He will be the first US President to attend the Republic Day Parade of India.

2. SEBI de-recognised Delhi Stock Exchange
Securities Exchange Board of India (SEBI) on 19 November 2014 announced to de-recognise Delhi Stock Exchange (DSE) on the allegations of serious irregularities in its functioning.
The order of de-recognition will be applicable with immediate effects.
SEBI observed that the activities of DSE were carried out in a manner contrary to the interest of the investors. The regulator will take all necessary steps consequential to de-recognition.

3. Oscar award winner Mike Nichols died at 83
Oscar award winner Mike Nichols died on 19 November 2014. He was 83.  He was an US director, pioneering comedian and an outstanding theater director.
He was one among the few people to win an Emmy, a Grammy, an Oscar and a Tony award.  His best movies are The Graduate (1967), Silkwood (1983), Who's Afraid of Virginia Woolf?, Working Girl and The Birdcage (1996).

4. Mathematician Alexander Grothendieck died
Mathematician Alexander Grothendieck died in France on 13 November 2014. He was 86. He was one of the greatest mathematical minds in algebraic geometry of the twentieth century.
He received the Fields medal, the most prestigious honour in mathematics, in 1966. The Grothendieck-Riemann-Roch theorem was one striking result to emerge in 21st century.

5. Deutsche Bank won Custodian of the Year 2014 award
Deutsche Bank  won Custodian of the Year 2014 award.  The bank was awarded the ‘Channel Islands Custodian of the Year 2014’ title, with the award being presented to Lisa Haggarty, Head of Custody and Fund Solutions for Deutsche Bank Channel Islands.
The award has been recognized for the third consecutive year at the Custody Risk European Awards. The award ceremony was held in the London.

6. Dhanlaxmi Bank independent director quits
Dhanlaxmi Bank in a release to the stock exchange said K Srikanth Reddy, Non-Executive Independent Director, had resigned from the board of directors of the bank with effect from November 15.

7. Gandhinagar to host stainless steel expo in January
he Indian Stainless Steel Development Organisation (ISDO) will hold the world’s biggest integrated stainless steel expo ‘INDINOX 2015’ between January 24-27 at Gandhinagar in Gujarat.
This B2B expo will have more than 1,000 stalls, which would include 50 international exhibitors and there will be a China machinery pavilion as well.
The fair will exhibit raw materials, household steel, hardware, allied products and machinery. More than one lakh trade visitors are expected to visit the expo.
‘INDINOX Stainless Steel Conference 2015’ will be held on 25th and 26th January 2015 at Gandhinagar. Leaders of the stainless steel industry across the world will be participating, ISDO Chairman Ugamraj Hundia told presspersons here.

8. India's first aircraft carrier slips into history
Work has begun on scrapping the country's first aircraft carrier, Vikrant.
Built for the British Royal Navy as HMS Hercules in 1943, it was acquired by India in 1957 and saw action during the India-Pakistan war in 1971, playing a key role.
When the electric saws were pressed upon the ship, it essentially put an end to a movement by activists to save her. Vikrant was auctioned to a ship-breaker for Rs 63 crore this year. Mumbai's IB Commercials Pvt Ltd won the bid on January 29 and bought the vessel on April 9. Since then, the company faced hurdles as a PIL filed in the Bombay high court towards the end of 2013 proceeded to the Supreme Court.
Save Vikrant Committee chief Kiran Paigankar, who had filed the PIL to save the ship, termed it "a sad day in the country's glorious maritime history". He said it was unfortunate that the process to expedite the end of Vikrant was initiated by the Indian Navy which once considered the vessel its 'pride'.

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