Current Affairs India - 1 December 2014

1. The Economic Times Awards for Corporate Excellence was announced yesterday during a ceremony help in Mumbai. Dilip Shanghvi was chosen for the Business Leader of the Year while UK Sinha won the Business Reformer of the Year award.

India-s largest IT services company Tata Consultancy Services received the Company of the Year award while Adani Ports & SEZ received the Emerging Company of the Year award.

Microsoft CEO Satya Nadella was awarded with the Global Indian of the Year award, Yusuf Hamied received the Lifetime Achievement award and Dhiraj Rajaram and Chandra Shekhar Ghosh won the Entrepreneur of the Year award. Online Restaurant portal Zomato received the Startup of the Year award and Tata Steel received the Corporate Citizen of the Year.

2. India-s factory output improved in November as the HSBC compiled Purchasing Manager Index (PMI) for manufacturing sector jumped to 21-month high. The PMI index, an important parameter to judge the performance of the sector, jumped to 53.3 in November compared to 51.6 in previous month of October. Any reading higher than 50 indicates growth. This 21-month high PMI index confirms strong growth for Indian manufacturing sector.

3. India-s eight core sector grew by 6.3% in the month of October due to higher production growth of coal, refinery products and electricity sectors. This is the higher core sector growth in last 4 months. The eight core industries had contracted by 0.1% in October last year, and grew by 1.9% in the previous month.

4. Former Indian football captain Baichung Bhutia has been conferred with the Asian Football Confederation (AFC) Hall of Fame Award yesterday. He was awarded with the award by FIFA President Sepp Blatter in Manila, Philippines yesterday on the occasion of AFC-s 60th anniversary. With this award, he became the only Indian to win the award and make in the list of AFC's Hall of Fame.

Former Arunachal Pradesh chief minister Jarbom Gamlin passed away at a hospital in Gurgaon on Sunday night. He was 53. He was suffering from liver thrombosis. He was president of the All Arunachal Pradesh Students Union (AAPSU) for three years from 1981.