27 May 2016

English news - 27.05.2016

1. Indian Coast Guard Ship ‘ARUSH’ Commissioned 

 
The Indian Coast Guard ship ‘Arush’, the seventeenth in the series of twenty Fast Patrol Vessels (FPVs), designed and built by M/s Cochin Shipyard Limited, was commissioned at Kochi by the Coast Guard Commander (Western Seaboard) Additional Director General SPS Basra. 

2. Mamata Banerjee sworn in West Bengal CM for second time 



Trinamool Congress supremo Mamata Banerjee sworn-in as West Bengal's chief minister for the second time. 

3. Bihar govt, UNICEF and MDM join hand to curb malnourishment 


The Bihar government, UNICEF and the Rajendra Agriculture University, Pusa entered into an agreement to reduce malnourishment among women and children in the state. 

As per the Memorandum of Understanding (MOU) signed between the three, an Agriculture Nutrition Cell would be set up in the Rajendra Agriculture University, Pusa.



4. Sunil Mittal receives this year’s Harvard Alumni award 


Bharti Enterprises founder and Chairman Sunil Bharti Mittal has received this year’s Harvard Business School Alumni Achievement Award. 

The award, presented annually since 1968, is the highest honour the Harvard Business School confers on its alumni who have contributed significantly to their companies and communities while upholding the highest standards and values. 

5. India's growth to rise to 8 percent in FY2019: Fitch 

India's economic growth rate will slowly accelerate to 8% by fiscal year ending March 2019, driven by the gradual implementation of structural reforms, higher disposable income and improvement in economic activity, global rating agency Fitch said in a report.


Fitch expects India's GDP to grow 7.5% in fiscal year ending March 2016 and improve to 7.7% in the current fiscal year and further to 7.9% in the fiscal year ending March 2018. 

6. Baciro Dja named Prime Minister of Guinea Bissau 



Guinea Bissau President Jose Mario Vaz issued a presidential decree naming Baciro Dja as Prime Minister of the country. 

Dja succeeds Carlos Correia, who was sacked earlier in May 2016. His removal threatened to deepen political turmoil in the tiny West African nation. 

7. Kerala's Anmol sets new record in girls' 3000m run 

 
Kerala's distance runner Anmol Thampi made the national and meet records in the 3000 metre at the 13th National Youth (Under-18) Athletics championships. Thampi clocked a record 10:00.22 seconds, surpassing the national record of 10:08.29 set by S Jadhav of Maharastra in 2013 and the meet record of 10:08.45 set by Aleesha, also of Kerala, in 2015. 

8. Hockey India inducts PSPB as associate member 


Hockey India inducted Petroleum Sports Promotion Board (PSPB) as an associate member, making it the 36th inclusion in this category. 

With this inclusion, PSPB can now take part in all the annual National Championships which are being conducted by HI. 

PSPB was established in June 1979 and registered through Societies Registration Act XXI of 1860 as extended to the Union Territory of Delhi. 

Presently, a 12-member organisation (ONGC, IOCL, HPCL, OIL, GAIL, EIL, CPCL, MRPL, NRL, Balmer Lawrie and PLL) form the PSPB. 

9. HDFC among world's top 10 consumer financial services firms 


Mortgage lender HDFC Ltd has been ranked among the world's ten biggest and most powerful companies in the consumer financial services sector on a Forbes list topped by global major American Express. 

Ranked 7th, HDFC is the only Indian company in top-ten in this category, where others include Capital One , Visa and MasterCard. 

In the overall list of the world's 2,000 largest and most powerful public companies compiled by Forbes, HDFC is ranked 404th while it is at at 121st place globally. 

For the oil and gas sector, RIL is ranked 9th while the top-tanked firm is ExxonMobil of the US. 

ONGC BSE -1.64 % ranked 220th in the global list and Indian Oil (371) are the other two Indian firms which got featured in the top 20 global companies in the Oil and Gas sector. 

State Bank of India was ranked among the top 20 globally in the regional banks category. With a market capitalisation of USD 23.3 billion, SBI was ranked 149th in the global list. 

Meanwhile, ICICI Bank and HDFC Bank were named among the top 30 in the regional bank category. Both of the companies were ranked 266 and 275 in the global list. 

The data for the Global 2000 list was compiled using data from FactSet Research systems to screen for the biggest public companies in four metric: sales, profits, assets and market value. 

The market value calculation was as of April 22, 2016 closing prices and includes all common shares outstanding. 

All together 56 Indian companies have been named in the global list, out of which 22 public sector lenders have been named in the global list, out of which 22 public sector lenders have been named in the regional banks category led by State Bank of India which was ranked 149 on the list. 

Other public sector lender in the regional bank category include ICICI Bank at the 266 position, HDFC Bank 275 rank, Axis Bank (484), Bank of Baroda (801), Punjab National Bank (866), Kotak Mahindra Bank (899) and Canara Bank (946).

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