Current Affairs India - 2 April 2016

1. Bhartiya Nabhikiya Vidyut Nigam Ltd (BHAVINI) has appointed the Kallol Roy, an expert in nuclear reactor, as its new chairman and managing director (CMD). He succeeds P Chellapandi who retired recently. Kallol Roy is the specialist in the field of total maintenance management of reactors and before this appointment, he was heading the research reactor maintenance division, reactor group at Bhabha Atomic Research Centre, Mumbai.

2. The National Stock Exchange (NSE) has launched a new index Nifty MidSmallcap 400 which will represent companies of the mid and small market capitalization segments of the indian stock market. The new index will comprise of 400 companies which are the constituents of Nifty Midcap 150 and Nifty Smallcap 250 indices.

3. The government has issued a new set of income tax return (ITR) forms which will require people with an annual income of more than Rs 50 lakh to disclose their net worth (assets and liabilities) which will be applicable for assessment year 2016-17.

The income tax (I-T) department has introduced fresh reporting columns in the new forms (ITR-2 and 2A) called -Asset and liability at the end of the year-, which is applicable in cases where the total income exceeds Rs 50 lakh.

4. India-s fourth largest IT Services company HCL Technologies has signed an agreement to acquire (through demerger) all of the business of Geometric Limited. The deal does not include the 58% stake that Geometric owns in the joint venture - 3DPLM Software Solutions, with Dassault Systèmes, HCL. Geometric is one of India-s leading PLM consulting, mechanical engineering and manufacturing engineering services providers.

For this acquisition, HCL will issue 10 equity shares of Rs 2 each to Geometric shareholders for every 43 equity shares of Geometric of Rs 2 each held by them. In total, HCL will issue 15,640,546 equity shares of Rs2 each.

5. Defending champion Saina Nehwal was defeated by Olympic Champion Li Xuerui in the semifinals of the India Open Super Series badminton tournament in New Delhi today. She lost 20-22, 21-17,19-21 to Li in a very close match in the women's singles competition.