1. India and Mozambique signed MoU for cooperation in Oil and Gas sector
India and Mozambique signed a memorandum of understanding (MoU) for cooperation in Oil and Gas sector for a period of five years. The MoU was signed during Minister of Foreign Affairs of Mozambique Oldemiro Julio Marques Baloi visit to India.
The MoU will enhance bilateral cooperation on the basis of equality and mutual benefit. It seeks cooperation in oil and gas in both upstream and downstream sectors in the areas of enhancing capacity-building, forging closer cooperation between research and training centres and intensifying technology transfer, among others.
2. RBI to sell 12000 crore rupees govt bonds through Open Market Operations
Reserve Bank of India (RBI) decided to sell worth 2000 crore rupees
government bonds through Open Market Operations (OMOs) to squeeze the liquidity in the market.
RBI will sell government securities maturing in 2017 (bearing interest rate of 8.07 per cent), 2020 (7.80 percent), 2022 (8.08 percent) and 2027 (8.26 percent).
3. NASA celebrated 50th Anniversary of First Mars Mission, Mariner 4
NASA celebrated the 50th anniversary of its first mission to Mars, Mariner 4 mission on 28 November 2014. Mariner 4 mission launched on 28 November 1964 was the NASA’s first successful journey to Mars.
The Mission was launched from Cape Canaveral Air Force Station, Florida.
4. Iconic Mexican comedian Chespirito died at 85
Roberto Gomez Bolanos, the iconic Mexican comedian also known as Chespirito died on 28 November 2014. He was 85.
Gomez Bolanos wrote and played the boy television character El Chavo del Ocho (The Boy from the Eight) that defined a generation for millions of Latin American children.
5. India, Australia postpone 1st Test as cricket world mourns Hughes death
With the cricket world mourning Phillip Hughes’ tragic death, next week’s first Test between India and Australia was today pushed back to an unspecified date to let the players attend the late batsman’s funeral scheduled on Wednesday in his hometown.
In a statement issued today, Cricket Australia said that it was neither feasible nor fair to begin the Test on December 4 as originally planned.
“The first Test between Australia and India that was scheduled to start in Brisbane next Thursday has been postponed until an unspecified date to allow the cricket world time to grieve over the death of Phillip Hughes,” the statement said.
“With funeral arrangements for Hughes confirmed for his home town of Macksville – midway between Brisbane and Sydney – next Wednesday afternoon, Cricket Australia has confirmed that it was neither feasible nor fair to begin the Test as originally planned the next day,” it added.
6. Bhartiya Mahila Bank eyeing Rs. 1,000-cr deposit base by March-end
Bhartiya Mahila Bank (BMB), the country’s first all-women bank, today said that it is targeting a deposit base of Rs. 1,000 crore and advances of Rs. 800 crore by March-end this fiscal.
At present, the bank’s deposit base stands at over Rs. 300 crore and loans at Rs. 500 crore.
“As of today, our total business is at Rs. 825 crore. For this year, we are aiming advances of Rs. 800 crore and deposits at Rs. 1,000 crore,” BMB Chairman & Managing Director Usha Ananthasubramanian told reporters today after inaugurating its 35th branch here.
The branch, which was opened in Ghatkopar, Mumbai, is the third in Maharashtra. The bank would shortly open branches in Nagpur, Pune and Haridwar.
BMB is looking to increase its branch network to 80 by March 2015, which will also include 20 rural branches.
Ananthasubramanian said the bank’s focus would be on opening branches in tier II and tier III cities.
“We are also planning to roll out 50 offsite ATMs across the country by the end of this year,” she said.
The country’s first all-women bank was launched in November last year and is wholly owned by the government which had initially infused Rs. 1,000 crore in it.
Ananthasubramanian said the bank does not plan to raise any fund as the capital which it received from the government is sufficient to take care of its business currently.
Total employee strength of the bank is 300 and it will add another 120 by the end of this fiscal. It has one lakh customers, out of which 81 per cent are women.
7. Avinash Chander to continue as Secretary, DRDO
Avinash Chander, Secretary, Department of Defence Research & Development will continue in his post upto May 31, 2016 on contract basis.
The Secretary in the Ministry of Defence, retires from Government service on November 30 on attaining the age of superannuation. An official release today said, He will continue in the present position with the same terms and conditions as he would be entitled to before the date of retirement.
Avinash Chander was appointed to the present position with a three year term in May 2013. The Defence Research & Development Organisation has a string of national research institutes working in various startegic defence sectors
8. SEBI slaps ₹1-cr fine on 6 merchant bankers for disclosure lapses in CARE IPO
In a major clampdown for “suppression of material facts” in IPO documents, SEBI today penalised merchant banking arms of SBI, ICICI, Kotak Mahindra, IDBI, DSP Merrill Lynch, and Edelweiss groups for lapses during the public offer of rating agency CARE two years ago.
The six merchant banks have been asked to pay a fine of ₹1 crore – the maximum penalty applicable for violation of disclosure related norms in IPO documents – within 45 days.
Taking a strong view about the violation of SEBI norms as also the Code of Conduct for merchant banks and book-running lead managers (BRLMs) for public issues, SEBI said in its 86-page order: “While making disclosures in the Red Herring Prospectus, the BRLMs cannot pick and choose some material facts that they prefer to disclose and suppress some material facts.
9. BSE investor wealth crosses ₹100-lakh cr
It was a historic day at the BSE. At 9:51 am on Friday, the stock exchange’s market capitalisation crossed ₹100-lakh crore, or ₹100 trillion, in intra-day trade. At that moment, the BSE Sensex clocked 28,747.24, and the market capitalisation stood at ₹100,01,143 crore.
FIIs have been buying continuously, particularly after the Narendra Modi-led Government took over on May 26. Foreign investors have so far pumped in about $16 billion this year.
Following Friday’s surge, the BSE, at $1.58 trillion, has entered the global top 10 in terms of market capitalisation. The NSE is ranked 11{+t}{+h}{+,} with a market cap of $1.55 trillion.
The top three world exchanges are NYSE ($19.2 trillion), Nasdaq ($6.84 trillion) and Tokyo SE ($4.43 trillion).
1. India and Mozambique signed MoU for cooperation in Oil and Gas sector
India and Mozambique signed a memorandum of understanding (MoU) for cooperation in Oil and Gas sector for a period of five years. The MoU was signed during Minister of Foreign Affairs of Mozambique Oldemiro Julio Marques Baloi visit to India.
The MoU will enhance bilateral cooperation on the basis of equality and mutual benefit. It seeks cooperation in oil and gas in both upstream and downstream sectors in the areas of enhancing capacity-building, forging closer cooperation between research and training centres and intensifying technology transfer, among others.
2. RBI to sell 12000 crore rupees govt bonds through Open Market Operations
Reserve Bank of India (RBI) decided to sell worth 2000 crore rupees
government bonds through Open Market Operations (OMOs) to squeeze the liquidity in the market.
RBI will sell government securities maturing in 2017 (bearing interest rate of 8.07 per cent), 2020 (7.80 percent), 2022 (8.08 percent) and 2027 (8.26 percent).
3. NASA celebrated 50th Anniversary of First Mars Mission, Mariner 4
NASA celebrated the 50th anniversary of its first mission to Mars, Mariner 4 mission on 28 November 2014. Mariner 4 mission launched on 28 November 1964 was the NASA’s first successful journey to Mars.
The Mission was launched from Cape Canaveral Air Force Station, Florida.
4. Iconic Mexican comedian Chespirito died at 85
Roberto Gomez Bolanos, the iconic Mexican comedian also known as Chespirito died on 28 November 2014. He was 85.
Gomez Bolanos wrote and played the boy television character El Chavo del Ocho (The Boy from the Eight) that defined a generation for millions of Latin American children.
5. India, Australia postpone 1st Test as cricket world mourns Hughes death
With the cricket world mourning Phillip Hughes’ tragic death, next week’s first Test between India and Australia was today pushed back to an unspecified date to let the players attend the late batsman’s funeral scheduled on Wednesday in his hometown.
In a statement issued today, Cricket Australia said that it was neither feasible nor fair to begin the Test on December 4 as originally planned.
“The first Test between Australia and India that was scheduled to start in Brisbane next Thursday has been postponed until an unspecified date to allow the cricket world time to grieve over the death of Phillip Hughes,” the statement said.
“With funeral arrangements for Hughes confirmed for his home town of Macksville – midway between Brisbane and Sydney – next Wednesday afternoon, Cricket Australia has confirmed that it was neither feasible nor fair to begin the Test as originally planned the next day,” it added.
6. Bhartiya Mahila Bank eyeing Rs. 1,000-cr deposit base by March-end
Bhartiya Mahila Bank (BMB), the country’s first all-women bank, today said that it is targeting a deposit base of Rs. 1,000 crore and advances of Rs. 800 crore by March-end this fiscal.
At present, the bank’s deposit base stands at over Rs. 300 crore and loans at Rs. 500 crore.
“As of today, our total business is at Rs. 825 crore. For this year, we are aiming advances of Rs. 800 crore and deposits at Rs. 1,000 crore,” BMB Chairman & Managing Director Usha Ananthasubramanian told reporters today after inaugurating its 35th branch here.
The branch, which was opened in Ghatkopar, Mumbai, is the third in Maharashtra. The bank would shortly open branches in Nagpur, Pune and Haridwar.
BMB is looking to increase its branch network to 80 by March 2015, which will also include 20 rural branches.
Ananthasubramanian said the bank’s focus would be on opening branches in tier II and tier III cities.
“We are also planning to roll out 50 offsite ATMs across the country by the end of this year,” she said.
The country’s first all-women bank was launched in November last year and is wholly owned by the government which had initially infused Rs. 1,000 crore in it.
Ananthasubramanian said the bank does not plan to raise any fund as the capital which it received from the government is sufficient to take care of its business currently.
Total employee strength of the bank is 300 and it will add another 120 by the end of this fiscal. It has one lakh customers, out of which 81 per cent are women.
7. Avinash Chander to continue as Secretary, DRDO
Avinash Chander, Secretary, Department of Defence Research & Development will continue in his post upto May 31, 2016 on contract basis.
The Secretary in the Ministry of Defence, retires from Government service on November 30 on attaining the age of superannuation. An official release today said, He will continue in the present position with the same terms and conditions as he would be entitled to before the date of retirement.
Avinash Chander was appointed to the present position with a three year term in May 2013. The Defence Research & Development Organisation has a string of national research institutes working in various startegic defence sectors
8. SEBI slaps ₹1-cr fine on 6 merchant bankers for disclosure lapses in CARE IPO
In a major clampdown for “suppression of material facts” in IPO documents, SEBI today penalised merchant banking arms of SBI, ICICI, Kotak Mahindra, IDBI, DSP Merrill Lynch, and Edelweiss groups for lapses during the public offer of rating agency CARE two years ago.
The six merchant banks have been asked to pay a fine of ₹1 crore – the maximum penalty applicable for violation of disclosure related norms in IPO documents – within 45 days.
Taking a strong view about the violation of SEBI norms as also the Code of Conduct for merchant banks and book-running lead managers (BRLMs) for public issues, SEBI said in its 86-page order: “While making disclosures in the Red Herring Prospectus, the BRLMs cannot pick and choose some material facts that they prefer to disclose and suppress some material facts.
9. BSE investor wealth crosses ₹100-lakh cr
It was a historic day at the BSE. At 9:51 am on Friday, the stock exchange’s market capitalisation crossed ₹100-lakh crore, or ₹100 trillion, in intra-day trade. At that moment, the BSE Sensex clocked 28,747.24, and the market capitalisation stood at ₹100,01,143 crore.
FIIs have been buying continuously, particularly after the Narendra Modi-led Government took over on May 26. Foreign investors have so far pumped in about $16 billion this year.
Following Friday’s surge, the BSE, at $1.58 trillion, has entered the global top 10 in terms of market capitalisation. The NSE is ranked 11{+t}{+h}{+,} with a market cap of $1.55 trillion.
The top three world exchanges are NYSE ($19.2 trillion), Nasdaq ($6.84 trillion) and Tokyo SE ($4.43 trillion).
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