1. Govt. to infuse Rs. 6,990 crore in nine public sector banks
The government will soon infuse Rs. 6,990 crore in nine public sector banks including State Bank of India (SBI), Bank of Baroda (BoB), Punjab National Bank (PNB) for enhancing their capital and meeting global risk norms.
This is the first tranche of capital infusion for which the government had allocated Rs. 11,200 crore in the Budget for 2014-15.
Among the beneficiaries, largest public sector lender SBI leads the pack with a capitalisation of Rs. 2,970 crore, followed by BoB Rs. 1,260 crore, PNB Rs. 870 crore and Canara Bank Rs. 570 crore.
Besides, Syndicate Bank will get Rs. 460 crore, Allahabad Bank Rs. 320 crore, Indian Bank Rs. 280 crore, Dena Bank Rs. 140 crore and Andhra Bank Rs. 120 crore.
The government is in the process of deciding on remaining Rs. 4,210 crore capital infusion. The entire fund infusion will be completed before March 31.
Public sector banks require equity capital of Rs. 2.4 lakh crore by 2018 to meet global Basel III norms on capital adequacy. For the current fiscal, the government has allocated Rs. 11,200 crore for bank capitalisation.The government will soon infuse Rs. 6,990 crore in nine public sector banks including State Bank of India (SBI), Bank of Baroda (BoB), Punjab National Bank (PNB) for enhancing their capital and meeting global risk norms.
This is the first tranche of capital infusion for which the government had allocated Rs. 11,200 crore in the Budget for 2014-15.
Among the beneficiaries, largest public sector lender SBI leads the pack with a capitalisation of Rs. 2,970 crore, followed by BoB Rs. 1,260 crore, PNB Rs. 870 crore and Canara Bank Rs. 570 crore.
Besides, Syndicate Bank will get Rs. 460 crore, Allahabad Bank Rs. 320 crore, Indian Bank Rs. 280 crore, Dena Bank Rs. 140 crore and Andhra Bank Rs. 120 crore.
The government is in the process of deciding on remaining Rs. 4,210 crore capital infusion. The entire fund infusion will be completed before March 31.
Finance Minister Arun Jaitley in the Budget speech had said that “to be in line with Basel-III norms there is a requirement to infuse Rs. 2,40,000 crore as equity by 2018 in our banks. To meet this huge capital requirement we need to raise additional resources to fulfil this obligation”.
While preserving the public ownership, the capital of these banks will be raised by increasing the shareholding of the people in a phased manner through the sale of shares largely through retail to common citizens of this country, the minister had said.
The government has infused Rs. 58,600 crore between 2011 and 2014 in the State-owned banks.
2. Greek Parliament elects Zoe Konstantopoulou as its new President
Greek Parliament has elected Zoe Konstantopoulou, a member of the left wing party Syriza
as its new President.
She was elected after receiving a record number of 235 of 300 deputies’ votes in the Parliament. With this win, she has the record of more votes a President of parliament received after the restoration of democracy in Greece in 1974.
She is second woman from Greek to be President of country after Anna Psarouda-Benaki who was elected in 2004. Zoe Konstantopoulou is also the youngest ever elected as President of the Greek Parliament.
3. Micromax appoints Shubhajit Sen as new chief marketing officer
India’s largest mobile vendor, Micromax has appointed Shubhajit Sen as its chief marketing officer (CMO).
His appointment seeks to boost its marketing efforts as it looks to further improve its position in the surging smartphone market in the country.
As the CMO, Sen will be leading all marketing efforts for the company across markets while strengthening the overall brand communication.
4. Dr. M.O. Garg takes charge as Director General of CSIR
Dr M.O. Garg has taken charge as Director General (DG) of the Council of Scientific & Industrial Research (CSIR).
He will replace PS Ahuja who had held this post since May 2014.
5. TR Zeliang led government won Motion of Confidence in Nagaland Assembly
Chief Minister TR Zeliang led DAN-III coalition government of Nagaland on 5 February 2015 won the Vote of Confidence in the State Legislative Assembly with the support of 59 MLAs. The trust motion was not opposed by anyone in the 60-member Nagaland Assembly.
The voting was done at the one-day special session of the Assembly, as the Speaker did not vote. The legislators who cast their votes for Zeliang include 37 of NPF, 8 of Congress, 4 BJP, 1 each of NCP and JD(U) and 8 Independents.
Chief Minister TR Zeliang led DAN-III coalition government of Nagaland on 5 February 2015 won the Vote of Confidence in the State Legislative Assembly with the support of 59 MLAs. The trust motion was not opposed by anyone in the 60-member Nagaland Assembly.
The voting was done at the one-day special session of the Assembly, as the Speaker did not vote. The legislators who cast their votes for Zeliang include 37 of NPF, 8 of Congress, 4 BJP, 1 each of NCP and JD(U) and 8 Independents.
6. Twitter, Google signed a deal to make tweets searchable
Twitter and Google on 5 February 2015 have signed a deal to make tweets searchable. The tweets will be available in Google search results which will benefit both companies.
Under the deal, Google will have complete access to tweets on the social networking site Twitter. The deal will make tweets available outside the Twitter.
The deal will give full access of Twitter's Firehose of tweets to search giant Google. The deal will benefit both companies as in recent years Google had to search Twitter's site to include its information.
Google and Twitter had signed a similar search deal worked in 2009, but the deal was ended in 2011. After this deal, Google launched its own social network competitor Google+, the very same year hoping to compete with the likes of Twitter and Facebook.
The companies opted not to renew the deal after it lapsed, though Twitter provided its data to Microsoft's Bing and Yahoo.
Dick Costolo is the CEO of Twitter Inc. Larry Page is the CEO of Google Inc.
Twitter and Google on 5 February 2015 have signed a deal to make tweets searchable. The tweets will be available in Google search results which will benefit both companies.
Under the deal, Google will have complete access to tweets on the social networking site Twitter. The deal will make tweets available outside the Twitter.
The deal will give full access of Twitter's Firehose of tweets to search giant Google. The deal will benefit both companies as in recent years Google had to search Twitter's site to include its information.
Google and Twitter had signed a similar search deal worked in 2009, but the deal was ended in 2011. After this deal, Google launched its own social network competitor Google+, the very same year hoping to compete with the likes of Twitter and Facebook.
The companies opted not to renew the deal after it lapsed, though Twitter provided its data to Microsoft's Bing and Yahoo.
Dick Costolo is the CEO of Twitter Inc. Larry Page is the CEO of Google Inc.
7. Tata Communications Ltd signed 20 million US dollars deal with KION Group
Tata Communications Ltd on 6 February 2015 signed a 20 million US dollars multi-year deal with Germany-based KION Group to provide global Wide Area Network (WAN) services to the 280 sites of KION across 30 countries.
As part of the deal, Tata Communications will replace the KION Group’s existing stable of multiple WAN providers with a single global network. The deal will allow end users to get faster services with better data management through the Tata Communications WAN platform.
The network will run on Tata Communications cloud-based security solution. The KION Group will also have direct access to internet-based applications, improving both user experience and cost effectiveness.
The new network will also help KION Group to execute its strategy 2020 plan to create economies of scale across the entire group with its six global and regional brands.
Tata Communications Ltd on 6 February 2015 signed a 20 million US dollars multi-year deal with Germany-based KION Group to provide global Wide Area Network (WAN) services to the 280 sites of KION across 30 countries.
As part of the deal, Tata Communications will replace the KION Group’s existing stable of multiple WAN providers with a single global network. The deal will allow end users to get faster services with better data management through the Tata Communications WAN platform.
The network will run on Tata Communications cloud-based security solution. The KION Group will also have direct access to internet-based applications, improving both user experience and cost effectiveness.
The new network will also help KION Group to execute its strategy 2020 plan to create economies of scale across the entire group with its six global and regional brands.
8. Ratan Tata among business leaders for zero GHG emissions by 2050
Global business leaders from some of the world’s largest companies under the group ‘B Team’ called on governments and businesses to commit to bold action at this year’s UN climate negotiations in Paris.
The leaders include India’s Ratan Tata, Ariana Huffington, Sir Richard Branson, Unilever CEO Paul Polman, also the B Team leader, all of whom have set their sights on a global goal of net-zero greenhouse-gas (GHG) emissions by 2050.
The latest Intergovernmental Panel on Climate Change (IPCC) assessment said that achieving net-zero GHG emissions by 2100 will provide only a 66 per cent chance of limiting global warming to 2 degrees Celsius. The B Team said a 1-in-3 chance of failure is unacceptable, given the potential for catastrophic climate impacts. Acting decisively and immediately, with a clear target of net-zero GHG emissions by 2050, is the only way we can lower this risk and avoid ballooning costs, the B Team pointed out.
The business leaders called on governments to commit to a global goal of net-zero greenhouse-gas emissions by 2050, and to embed this in the agreement to be signed in Paris. It urged businesses to match this ambition by committing to long-term targets and driving low-carbon solutions to scale – thereby enabling the world to achieve the net-zero 2050 target.
9. UN appoints Nickolay Mladenov as new Special Coordinator for Middle East peace
United Nation’s Secretary-General Ban Ki-moon has appointed Nickolay Mladenov of Bulgaria as new Special Coordinator for the Middle East Peace Process and Personal Representative to the Palestine Liberation Organization and the Palestinian Authority.
He will replace Robert Serry of the Netherlands and oversee the ongoing UN-backed reconstruction efforts in Gaza.
This reconstruction is undertaken by UN, after thousands of people were displaced in July 2014 during the month long Israel-Palestinian conflict.
United Nation’s Secretary-General Ban Ki-moon has appointed Nickolay Mladenov of Bulgaria as new Special Coordinator for the Middle East Peace Process and Personal Representative to the Palestine Liberation Organization and the Palestinian Authority.
He will replace Robert Serry of the Netherlands and oversee the ongoing UN-backed reconstruction efforts in Gaza.
This reconstruction is undertaken by UN, after thousands of people were displaced in July 2014 during the month long Israel-Palestinian conflict.
1. Govt. to infuse Rs. 6,990 crore in nine public sector banks
The government will soon infuse Rs. 6,990 crore in nine public sector banks including State Bank of India (SBI), Bank of Baroda (BoB), Punjab National Bank (PNB) for enhancing their capital and meeting global risk norms.
This is the first tranche of capital infusion for which the government had allocated Rs. 11,200 crore in the Budget for 2014-15.
Among the beneficiaries, largest public sector lender SBI leads the pack with a capitalisation of Rs. 2,970 crore, followed by BoB Rs. 1,260 crore, PNB Rs. 870 crore and Canara Bank Rs. 570 crore.
Besides, Syndicate Bank will get Rs. 460 crore, Allahabad Bank Rs. 320 crore, Indian Bank Rs. 280 crore, Dena Bank Rs. 140 crore and Andhra Bank Rs. 120 crore.
The government is in the process of deciding on remaining Rs. 4,210 crore capital infusion. The entire fund infusion will be completed before March 31.
Public sector banks require equity capital of Rs. 2.4 lakh crore by 2018 to meet global Basel III norms on capital adequacy. For the current fiscal, the government has allocated Rs. 11,200 crore for bank capitalisation.The government will soon infuse Rs. 6,990 crore in nine public sector banks including State Bank of India (SBI), Bank of Baroda (BoB), Punjab National Bank (PNB) for enhancing their capital and meeting global risk norms.
This is the first tranche of capital infusion for which the government had allocated Rs. 11,200 crore in the Budget for 2014-15.
Among the beneficiaries, largest public sector lender SBI leads the pack with a capitalisation of Rs. 2,970 crore, followed by BoB Rs. 1,260 crore, PNB Rs. 870 crore and Canara Bank Rs. 570 crore.
Besides, Syndicate Bank will get Rs. 460 crore, Allahabad Bank Rs. 320 crore, Indian Bank Rs. 280 crore, Dena Bank Rs. 140 crore and Andhra Bank Rs. 120 crore.
The government is in the process of deciding on remaining Rs. 4,210 crore capital infusion. The entire fund infusion will be completed before March 31.
Finance Minister Arun Jaitley in the Budget speech had said that “to be in line with Basel-III norms there is a requirement to infuse Rs. 2,40,000 crore as equity by 2018 in our banks. To meet this huge capital requirement we need to raise additional resources to fulfil this obligation”.
While preserving the public ownership, the capital of these banks will be raised by increasing the shareholding of the people in a phased manner through the sale of shares largely through retail to common citizens of this country, the minister had said.
The government has infused Rs. 58,600 crore between 2011 and 2014 in the State-owned banks.
2. Greek Parliament elects Zoe Konstantopoulou as its new President
Greek Parliament has elected Zoe Konstantopoulou, a member of the left wing party Syriza
as its new President.
She was elected after receiving a record number of 235 of 300 deputies’ votes in the Parliament. With this win, she has the record of more votes a President of parliament received after the restoration of democracy in Greece in 1974.
She is second woman from Greek to be President of country after Anna Psarouda-Benaki who was elected in 2004. Zoe Konstantopoulou is also the youngest ever elected as President of the Greek Parliament.
3. Micromax appoints Shubhajit Sen as new chief marketing officer
India’s largest mobile vendor, Micromax has appointed Shubhajit Sen as its chief marketing officer (CMO).
His appointment seeks to boost its marketing efforts as it looks to further improve its position in the surging smartphone market in the country.
As the CMO, Sen will be leading all marketing efforts for the company across markets while strengthening the overall brand communication.
4. Dr. M.O. Garg takes charge as Director General of CSIR
Dr M.O. Garg has taken charge as Director General (DG) of the Council of Scientific & Industrial Research (CSIR).
He will replace PS Ahuja who had held this post since May 2014.
5. TR Zeliang led government won Motion of Confidence in Nagaland Assembly
Chief Minister TR Zeliang led DAN-III coalition government of Nagaland on 5 February 2015 won the Vote of Confidence in the State Legislative Assembly with the support of 59 MLAs. The trust motion was not opposed by anyone in the 60-member Nagaland Assembly.
The voting was done at the one-day special session of the Assembly, as the Speaker did not vote. The legislators who cast their votes for Zeliang include 37 of NPF, 8 of Congress, 4 BJP, 1 each of NCP and JD(U) and 8 Independents.
Chief Minister TR Zeliang led DAN-III coalition government of Nagaland on 5 February 2015 won the Vote of Confidence in the State Legislative Assembly with the support of 59 MLAs. The trust motion was not opposed by anyone in the 60-member Nagaland Assembly.
The voting was done at the one-day special session of the Assembly, as the Speaker did not vote. The legislators who cast their votes for Zeliang include 37 of NPF, 8 of Congress, 4 BJP, 1 each of NCP and JD(U) and 8 Independents.
6. Twitter, Google signed a deal to make tweets searchable
Twitter and Google on 5 February 2015 have signed a deal to make tweets searchable. The tweets will be available in Google search results which will benefit both companies.
Under the deal, Google will have complete access to tweets on the social networking site Twitter. The deal will make tweets available outside the Twitter.
The deal will give full access of Twitter's Firehose of tweets to search giant Google. The deal will benefit both companies as in recent years Google had to search Twitter's site to include its information.
Google and Twitter had signed a similar search deal worked in 2009, but the deal was ended in 2011. After this deal, Google launched its own social network competitor Google+, the very same year hoping to compete with the likes of Twitter and Facebook.
The companies opted not to renew the deal after it lapsed, though Twitter provided its data to Microsoft's Bing and Yahoo.
Dick Costolo is the CEO of Twitter Inc. Larry Page is the CEO of Google Inc.
Twitter and Google on 5 February 2015 have signed a deal to make tweets searchable. The tweets will be available in Google search results which will benefit both companies.
Under the deal, Google will have complete access to tweets on the social networking site Twitter. The deal will make tweets available outside the Twitter.
The deal will give full access of Twitter's Firehose of tweets to search giant Google. The deal will benefit both companies as in recent years Google had to search Twitter's site to include its information.
Google and Twitter had signed a similar search deal worked in 2009, but the deal was ended in 2011. After this deal, Google launched its own social network competitor Google+, the very same year hoping to compete with the likes of Twitter and Facebook.
The companies opted not to renew the deal after it lapsed, though Twitter provided its data to Microsoft's Bing and Yahoo.
Dick Costolo is the CEO of Twitter Inc. Larry Page is the CEO of Google Inc.
7. Tata Communications Ltd signed 20 million US dollars deal with KION Group
Tata Communications Ltd on 6 February 2015 signed a 20 million US dollars multi-year deal with Germany-based KION Group to provide global Wide Area Network (WAN) services to the 280 sites of KION across 30 countries.
As part of the deal, Tata Communications will replace the KION Group’s existing stable of multiple WAN providers with a single global network. The deal will allow end users to get faster services with better data management through the Tata Communications WAN platform.
The network will run on Tata Communications cloud-based security solution. The KION Group will also have direct access to internet-based applications, improving both user experience and cost effectiveness.
The new network will also help KION Group to execute its strategy 2020 plan to create economies of scale across the entire group with its six global and regional brands.
Tata Communications Ltd on 6 February 2015 signed a 20 million US dollars multi-year deal with Germany-based KION Group to provide global Wide Area Network (WAN) services to the 280 sites of KION across 30 countries.
As part of the deal, Tata Communications will replace the KION Group’s existing stable of multiple WAN providers with a single global network. The deal will allow end users to get faster services with better data management through the Tata Communications WAN platform.
The network will run on Tata Communications cloud-based security solution. The KION Group will also have direct access to internet-based applications, improving both user experience and cost effectiveness.
The new network will also help KION Group to execute its strategy 2020 plan to create economies of scale across the entire group with its six global and regional brands.
8. Ratan Tata among business leaders for zero GHG emissions by 2050
Global business leaders from some of the world’s largest companies under the group ‘B Team’ called on governments and businesses to commit to bold action at this year’s UN climate negotiations in Paris.
The leaders include India’s Ratan Tata, Ariana Huffington, Sir Richard Branson, Unilever CEO Paul Polman, also the B Team leader, all of whom have set their sights on a global goal of net-zero greenhouse-gas (GHG) emissions by 2050.
The latest Intergovernmental Panel on Climate Change (IPCC) assessment said that achieving net-zero GHG emissions by 2100 will provide only a 66 per cent chance of limiting global warming to 2 degrees Celsius. The B Team said a 1-in-3 chance of failure is unacceptable, given the potential for catastrophic climate impacts. Acting decisively and immediately, with a clear target of net-zero GHG emissions by 2050, is the only way we can lower this risk and avoid ballooning costs, the B Team pointed out.
The business leaders called on governments to commit to a global goal of net-zero greenhouse-gas emissions by 2050, and to embed this in the agreement to be signed in Paris. It urged businesses to match this ambition by committing to long-term targets and driving low-carbon solutions to scale – thereby enabling the world to achieve the net-zero 2050 target.
9. UN appoints Nickolay Mladenov as new Special Coordinator for Middle East peace
United Nation’s Secretary-General Ban Ki-moon has appointed Nickolay Mladenov of Bulgaria as new Special Coordinator for the Middle East Peace Process and Personal Representative to the Palestine Liberation Organization and the Palestinian Authority.
He will replace Robert Serry of the Netherlands and oversee the ongoing UN-backed reconstruction efforts in Gaza.
This reconstruction is undertaken by UN, after thousands of people were displaced in July 2014 during the month long Israel-Palestinian conflict.
United Nation’s Secretary-General Ban Ki-moon has appointed Nickolay Mladenov of Bulgaria as new Special Coordinator for the Middle East Peace Process and Personal Representative to the Palestine Liberation Organization and the Palestinian Authority.
He will replace Robert Serry of the Netherlands and oversee the ongoing UN-backed reconstruction efforts in Gaza.
This reconstruction is undertaken by UN, after thousands of people were displaced in July 2014 during the month long Israel-Palestinian conflict.
[b]thank you[/b]
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