Current Affairs India - 19 October 2015

1. The ministry of environment, forest and climate change has launched a new post-doctoral research fellowships in the name of former Indian President APJ Abdul Kalam on his 85th birthday. The post-doctoral fellowship programme is will be given to to young scientists who are working in the area of environment and ecology in the country.

2. The Haryana Government approved Swadhar Greh scheme in order to assure economic and social security to women in distress. The scheme aims at creating a supportive institutional framework catering to their primary needs in difficult situations. The scheme will help to provide basic amenities, such as shelter, food, clothing and health along with economic and social security to women in distress.  

3. Global ratings agency Standard and Poor-s (S&P) has affirmed India-s long-term sovereign credit rating at -BBB-- and short-term rating at -A-3- with a stable outlook. It warned the ratings could be downgraded if growth is lower than expected due to stalled reforms or if inflation does not remain under control. Also it has said that there is no possibility of credit rating upgrade in next two years.

4. Real Estate online portal has appointed Mani Rangarajan as its Chief Financial Officer (CFO). He has over 20 years of experience and has successfully played executive level roles in companies such as Yahoo! and Citigroup.

5. India-s second largest IT Services Company Infosys announced its acquisition of US based Noah Consulting, LLC, a provider of advanced information management consulting services for the oil and gas industry for USD 70 million cash. Noah Consulting helps upstream oil and gas companies, including super majors, independents and oil field service companies plan, architect and deploy information solutions to unlock the value of their oil and gas assets.

6. HCL Technologies has acquired Bengaluru-based privately held engineering services firm, Concept to Silicon Systems (C2SiS) for nearly USD 10 million. This acquisition will help HCL Technologies to further extend its leadership position in the semiconductor and industrial IoT industry.