1. Rajendra Srivastava, Deputy President and Professor of Marketing at Singapore Management University, has been appointed as the next Dean of Indian School of Business (ISB), as announced by Adi Godrej, Chairman of the ISB Board. He will take charge from 1st January 2016. Rajendra Srivastava will succeed Ajit Rangnekar who has been holding this position since January 2009.
He has an MBA and PhD (Business Administration) from the University of Pittsburgh, an MS in Industrial Engineering from the University of Rhode Island, and a B.Tech (Mechanical Engineering) from the Indian Institute of Technology, Kanpur.
2. India’s 14 year old Prabhroop Sekhon won two gold medals in 300 metre and 500 metre Roller Skating events in the Special Olympics World Summer Games held at Los Angeles, USA. He won the medals. He is from Lucknow, Uttar Pradesh and an Autistic student and is son of a serving Indian Air Force Officer, Group Captain BS Sekhon.
Special Olympics World Summer Games are an international sporting competition organized by Special Olympics for athletes with intellectual disabilities.
3. The Sports Ministry has confirmed that Indian Tennis star Sania Mirza has been recommended for the Rajiv Gandhi Khel Ratna. It has also said that the final decision rests with only the Awards Committee.
She recently won her career’s first ever women’s doubles Grand Slam title with Swiss partner Martina Hingis in June this year and became World No 1 player which is achieved by an Indian woman player for the first time.
1. Yahoo has announced that it will acquire style-tip specialist Polyvore for an undisclosed sum. This acquisition will help Yahoo to become a more fashionable place for online advertisement.
Polyvore is an 8-year-old start-up that specializes in connecting merchants with consumers browsing for ideas on clothing, health, beauty and home decor products.
1. Ten Indian Companies have been included in the list of Forbes Asia Fabulous 50 companies. The list was dominated by Chinese Companies where 25 Chinese Companies have made it to the list compared to 16 companies last year. China’s Tencent continued to be at the top on chart, which now worth of USD 176.5 billion.
South Korea has secured third place with four companies while Malaysia, Singapore, and Philippines have two companies each and Japan, Indonesia have one firm each on the list.
Indian companies that made to the list are: HDFC Bank, Tata Consultancy Services, HCL Technologies, Aurobindo Pharma, Lupin, Sun Pharma Industries, Motherson Sumi Systems, Tech Mahindra, Tata Motors and Titan.
2. The Indian Government has announced that it will infuse Rs 70,000 Crore in Public Sector Banks over a period of four years to improve capital ratio and fight with rising bad loans. The first instalment of Rs 25,000 crore has been marked for this fiscal. The second instalment of Rs 25,000 crore will be in 2016-17, followed by infusion of Rs 10,000 crore each in the third (2017-18), and fourth (2018-19) instalments.
3. Indian off-spinner Ravichandran Ashwin was awarded with the Arjuna Award which was conferred on him last year by the Sports Minister Sarbananda Sonowal. Ashwin was not present during the Award Ceremony at Rashtrapati Bhawan in August last year due to some ongoing tour in England.
1. Microsoft has formally launched ‘Windows 10′ in India and the system will soon be available free 90-day trial edition. Windows 10 will be available on several devices like PCs, tablets, phones, Raspberry Pi, Xbox One, HoloLens and more and Microsoft looks to regain its presence with the launch of this new Windows operating system.
2. Japanese media giant Nikkei Media group has acquired European Financial News Company Financial Times from Britain’s Pearson in a USD 1.3 billion deal. This is also the biggest acquisition ever by any Japanese media organization.
3. Beijing won the bid to host 2022 Winter Olympic Games, as per the announcement made by the International Olympic Committee in Kuala Lumpur, Malaysia today. With this, Beijing will be the first city to host both the summer and Winter Games. Beijing successfully hosted the Summer Olympics in 2008.
1. The entire nation has bid farewell to former President APJ Abdul Kalam, who was considered to be the most favorite Indian President ever. His mortal remains were laid to rest at Rameswaram, his home town with full state honors today.
He passed away at Shillong on 27th July while delivering lecture at IIM Shilong. He was 11th President of India and recipient of India’s top civilian aware, Bharat Ratna.
2. United Nations (UN) released the report title “World Population Prospects: The 2015 Revision”at the UN Headquarters in New York on 29th July which said that India will surpass China to become the most populous nation in the world by 2022. The report has projected India to retain the top spot till 2100 and its population is projected to grow for several decades after 2022. It is forecasted to grow to 1.5 billion in 2030 and 1.7 billion in 2050.
3. Indian writer Anuradha Roy’s latest book ‘Sleeping on Jupiter’ based on the malaise of sexual abuse in India has been shortlisted for the Man Booker Prize 2015.The book tells the story of Nomi and is set in Jarmuli – a city of temples and a centre of healing on the edge of the ocean.
The list also includes Man Booker Prize-winning Irish author Anne Enright and the Pulitzer Prize-winning American author Anne Tyler, among others. The shortlist of six books will be revealed on 15th September and the final winner will be announced on 13th October this year.
4. French Bank BNP Paribas has acquire Sharekhan.com, one of the country’s popular broking and trading Platform Company. The company has been valued at about Rs 2,200 crore though the deal size was not disclosed.
Mumbai-based Sharekhan offers broking solutions across all asset classes to more than 1.2 million private clients and holds 7 per cent of the market share in terms of number of accounts.
5. Famous musician Vasundhara Komkali passed away on 29th July 2015 at her residence in Dewas, Madhya Pradesh. She was 85. Wife of eminent musician late Pandit Kumar Gandhrav, she is is regarded as one of the prominent Indian classical vocalists. She was awarded with the prestigious Padmashri award by Indian government.
6. Mobile marketplace and payments site Paytm won the sponsorship rights of BCCI (Board of Control for Cricket in India) for Rs. 203 crore. The sponsorship rights were acquired for all the 84 series India will play till 2019 with the first home series will be against South Africa in September-OCtober. Paytm will pay Rs. 2.42 crore for every international match hosted by BCCI. T
7. Hockey India has appointed Roelant Oltmans of the Netherlands as coach of men’s national team, as per the official announcement made by the Hockey India President Narinder Batra today. He will replace Dutchman Paul van Ass, who was sacked by Hockey India. He has already been associated with the Indian hockey team as High Performance Director.
1. The Bill & Melinda Gates Foundation has been ranked at No 1 position in the list of the world’s wealthiest private foundations established by living ultra-high net worth (UHNW) individuals, as per a latest Wealth-X report. The Gates Foundation has total assets worth of USD 43.4 billion which is more than half of the combined assets of the 10 charitable foundations on the list, the global wealth intelligence and prospecting firm has said.
Li Ka Shing Foundation, founded in 1980 by Hong Kong business magnate Li Ka-Shing, was ranked at second position with USD 8.1 billion in assets followed by Gordon and Betty Moore Foundation at third position with total asset worth of USD 6.4 billion.
2. Consumer Durable giant Procter & Gamble (P&G) has appointed David Taylor as the new CEO who will replace its current CEO A G Lafley. David Taylor has been working with the P&G for last 35 years, who had joined in 1980. He has been the group president for global health & grooming business since 2013 and has served the company as in managerial role across the globe.
1. India’s Sanjeev Chaturvedi and Anshu Gupta have been awarded with the prestigious Ramon Magsaysay Award 2015, which is Asia’s highest honour. Sanjeev Chaturvedi, is an Indian Forest Officer and Anshu Gupta is the founder of the NGO Goonj.
As per the foundation, Sanjeev Chaturvedi has been awarded for “his exemplary integrity, courage and tenacity in uncompromisingly exposing and painstakingly investigating corruption in public office, and his resolute crafting of program and system improvements to ensure that government honorably serves the people of India.” Anshu Gupta was awarded for “his creative vision in transforming the culture of giving in India, his enterprising leadership in treating cloth as a sustainable development resource for the poor, and in reminding the world that true giving always respects and preserves human dignity.”
2. Information Technology secretary, R S Sharma has been appointed as the new Chairman of Telecom and Regulatory Authority of India (TRAI). He will replace former TRAI Chairman Rahul Khullar, who retired in May this year.
3. Anand Krishnamurthy has been appointed as the new MD and CEO of Catholic Syrian Bank (CSB). He replaced Rakesh Bhatia who had quit due to personal reason. He has previously worked with HSBC for 22 years and also headed the Wholesale Banking and Treasury of CSB for last one year. He was responsible for corporate banking, integrated treasury operations of the Bank and SME business for CSB.
4. India’s capital market regulator, Securities and Exchange Board of India has cancelled Sahara asset Management Company’s license on 28th July. SEBI said that the company is not fit and proper entity to carry out the business of mutual fund. It has directed Sahara AMC not to take any new subscription from the investors including existing investors in systematic investment plans and also not to levy any penalties on the investors for not depositing the installments. SEBI has also asked the fund house to transfer its activities to a new sponsor and a Sebi approved asset Management Company at the earliest.
5. Leading Automobile manufacturer Renault India has roped in actor Ranbir Kapoor as its new brand ambassador. Renault is also celebrating its fourth year anniversary in India this July.
1. World Hepatitis Day was observed across the world on 28th July 2015 with the theme “Prevent hepatitis, Act now”. The day is observed every year to raise awareness about hepatitis and influence real change in disease prevention, testing and treatment.
The observance of the day in 2015 focuses particularly on Hepatitis B and C. These two combined cause approximately 80 percent of all liver cancer deaths and kill close to 1.4 million people every year.
2. German auto giant Volkswagen has become the world’s biggest automaker after surpassing Toyota as per total number of cars sold in the first half of the year 2015. Toyota said it sold 5.02 million vehicles worldwide between January and June while Volkswagen sold nearly 5.04 million cars during the same period. US-basedGeneral Motors secured third spot with 4.86 million in sales.
3. Mexico defeated Jamaica by 3-1 in Gold Cup Final to win the cup for the record third time. Also Mexico’s Andres Guardado became the first player to score in three Gold Cup finals goals.
1. Former President A P J Abdul Kalam, popularly known as the ‘missile man’ passes away in Shillong today evening. He was 84. He was rushed to Bethany hospital in Nongrim hills after he collapsed during a lecture in the Indian Institute of Management today afternoon.
Considered the most popular President, Kalam became the11th President of India and occupied the post between 2002 and 2007 during the NDA government under Atal Bihari Vajpayee but lack of consensus denied a second term in office for a man who came from outside political spectrum.
2. Prime Minister Narendra Modi has launched Deen Dayal Upadhyaya Gram Jyoti Yojana for power sector reforms in rural India to ensure 24×7 electricity supply to farmers and rural households. The scheme will be implemented by the Power Ministry. The scheme has an outlay of Rs. 76,000 crore for implementation of the projects under which the Centre shall provide grant of Rs. 63,000 crore.
3. Leading PSU Bharat Electronics Ltd (BEL) won the Dun & Bradstreet’s ‘India’s Top PSUs Awards 2015 in the category of electrical and electronic equipment sector for the critical role played by the PSUs in the development of the Indian economy. The award was received by Chairman and Managing Director of BEL Mr. S K Sharma along with Anandi Ramalingam the General Manager-National Marketing for BEL.
4. Ajay Mathur has been appointed as the new Director-General of TERI. He is currently head of the Bureau of Energy Efficiency, a government body under the Ministry of Power.
5. Indian pharmaceutical company Lupin has acquired US based Gavis Pharmaceuticals in cash-free and debt-free transaction for USD 880 million. This acquisition will help Lupin to expand its presence in US and enter into niche generics areas such as dermatology and controlled substances etc.
6. India’s leading Jewellery export company Rajesh Exports acquired Valcambi, the world’s largest gold refining company, in an all-cash deal worth USD 400 million. The company was selected after a global search by Valcambi’s existing owners led by Newmont Mining Corp. The deal will help Rajesh Exports to secure raw material supplies for its Jewellery business.
1. Nobel Prize winner Peter Higgs was honored with the world’s oldest scientific prize, the Royal Society’s Copley Medal, for his pioneering work on the theory of the Higgs boson which was discovered in 2012. With this he has joined the ranks of Charles Darwin and Albert Einstein.
The Copley medal was first awarded by the Royal Society in 1731, 170 years before the first Nobel Prize. This is considered to the oldest scientific prize in the world and has most recently been awarded to eminent scientists such as theoretical physicist Stephen Hawking, DNA fingerprinting pioneer Alec Jeffreys and Andre Geim, for his discovery of graphene.
2. Briton Chris Froome won his second Tour de France title in three years on 26th July. He defeated Colombian Nairo Quintana by one minute 12 seconds and his Movistar team mate Alejandro Valverde of Spain by 5:25 to win the title. With this win, he has also become the first Briton to win the Tour twice.
3. Ferrari’s Formula 1 drive Germany’s Sebastian Vettel won the Hungarian Formula One Grand Prix heldin Budapest on 26th July. This was hissecond win of the season and his overall 41st win. Red Bull driver Daniil Kvyat of Russian and his teammate Daniel Ricciardo of Australia secured the second and third place respectively in the same race.