1. Guru Nanak Jayanti being celebrated today with religious fervor
543rd anniversary of the founder of Sikh religion Guru Nanak Dev Ji is being celebrated today with great religious fervour, dedication and devotion across the country.On this day in 1469 NOTE:- Guru Nanak was born in 1469 in Talwandi, a village in the Sheikhupura district, 65 kms. west of Lahore, now known as Nankana Saheb in a Bedi Hindu family. Thousands of devotees from across the world today throng the , the Golden Temple and take holy dip in the sacred sarovar.
2. Bangalore to host first ever T20 World Cup for blind
The first ever Twenty20 World Cup for the blind will witness nine countries battling it out for the trophy here from December 2 to 13.
NOTE:- Besides hosts India, Australia, Bangladesh, England, Pakistan, South Africa, West Indies, Sri Lanka and Nepal will participate in the tournament, which is a joint effort by Bangalore-based NGO, Samarthanam and Cricket Association for the Blind in India (CABI).
3. Indian companies second worse in world on fraud after Africa
India has the highest number of fraud-hit companies after Africa, according to a report by global advisory firm Kroll.
Fraud risks in India remain above the global average and, outside Africa (77 per cent), the country has seen the highest number of companies affected by frauds at 68 per cent, followed by China and Indonesia at 65 per cent, compared to the global average of 61 per cent, said Kroll's 'Global Fraud Report' released.
NOTE:- Theft of physical assets or stock was the most frequent (27 per cent) type of fraud reported.
The report is based on interviews of 800 senior executives worldwide, including 60 from the country.
5. India behind China in domestic use of software: UN report
India lags way behind China in domestic use of software as the country uses only 23 per cent of total production, according to a UN report.
"The domestic use of software in India is only 23 per cent of total productions compared to almost 90 per cent in China. Moreover, Chinese production is almost three times to that of India," according to a report by United Nations Conference on Trade and Development (UNCTAD).
NOTE:- The report further said India's computer software and services spending for 2011 stood at USD 8.4 billion which is 8.7 per cent share of total information and communication technology spending in India.
6. Bihar's economic growth best among major states in 11th Plan
Bihar has been the top performer among the major states in terms of economic growth during the 11th Five Year Plan which ended on March 31, 2012.
NOTE:- According to a Planning Commission report on state finances, only Sikkim and Goa, which are much smaller in size than Bihar, have performed better than the state.
The report reveals that the nominal gross state domestic product (GSDP) growth rate of Bihar was 21.9 per cent during the 11th Plan spread over 2007 to 12.
None of the major states which include Maharashtra, Andhra Pradesh, Gujarat and Uttar Pradesh could over 20 per cent GSDP growth rate in nominal terms.
NOTE:- Among all the states and union territories, Sikkim recorded highest GSDP growth rate of 31.6 per cent during the five year period followed by Goa at 22.9 per cent.
The worst performers include Jharkhand which recorded GSDP growth rate of 9.2 per cent followed by the Puducherry, Nagaland and Manipur (all below 11 per cent).
In case of major states, Haryana clocked the GSDP growth rate of 19.5 per cent followed by Rajasthan at 18 per cent, Kerala at 16.9 per cent, Madhya Pradesh 16.8 per cent, Andhra Pradesh at 16.7 per cent and West Bengal at 16.4 per cent.
During the 11th Plan, Gujarat grew at 16 per cent followed by Maharashtra and Uttar Pradesh at 15.3 per cent each.
7. 2012-16: Indian economy to grow at 7.7, says ING
The country's economy is likely to grow by an average of 7.7 per cent during 2012-16, a report by leading financial services firm ING said today.
"We expect the economy to grow in 2012-16 by 7.7 per cent on average. On the demand side, private consumption and investment will be the main drivers of growth," the report said
NOTE:- From a high over 9 per cent GDP growth for many years prior to the 2008 crisis, the economy grew 6.5 per cent last year and is projected to slow down further to a decadal low 5.5 per cent or even lower this fiscal.
8. NSE's Chitra Ramakrishna in select league of women CEOs
With her elevation as CEO and Managing Director of leading Indian bourse NSE, Chitra Ramakrishna will join the select league of women executives in the world who head stock exchanges.
Only two of the top 20 bourses globally have women CEOs, while Ramakrishna, currently joint MD of the National Stock Exchange (NSE), will assume the role of its chief from April 1, 2013 for a period of five years.
NOTE:- Among the top-20 bourses in terms of market value of listed companies, South Africa's Johannesburg Stock Exchange and China's Shenzhen Stock Exchange are headed by Nicky Newton-King and Liping Song respectively.
9. NSE ranked 12th in the world Stock Exchange List
NSE, with a market value of USD 1,178 billion, is ranked 12th in the world as of October 2012, as per the latest data of the World Federation of Exchanges (WFE).
NOTE:- The 11 exchanges having higher market capitalisation than NSE include NYSE Euronext (US), Nasdaq, London Stock Exchange Group, NYSE Euronext (Europe), Hong Kong Exchanges, China's Shanghai SE, Canada's TMX Group, Germany's Deutsche Boerse, Australian Stock Exchange and India's BSE.
10. China to grow at 7.5% despite global downturn
China today said it is confident of achieving GDP growth target of 7.5 per cent despite global economic downturn and steady fall in exports.
NOTE:- Chinese Minister of Commerce Chen Deming said the country is poised for an annual gross domestic product (GDP) growth rate of 7.5 per cent, consistent with the predictions made at the beginning of 2012.
11. 2-yr ban on MITL for trades with Ketan Parekh related entities
Market regulator Sebi has barred Mascon Information Technologies Ltd (MITL) from the securities market for a period of two years for alleged fraudulent trading by way of offloading shares through off market transfers to Ketan Parekh
12. India to witness 89 GW of installed wind power by 2020
India is expected to have 89 gigawatts (GW) of installed wind power capacity by 2020 and attract $16.5 billion annual investment according to India’s Wind Energy Outlook 2012. This would hypothetically help prevent the emission of 131 million tonnes of carbon dioxide annually.
NOTE:- India is the third largest annual wind power market in the world and provides business opportunities for both domestic and foreign investors
543rd anniversary of the founder of Sikh religion Guru Nanak Dev Ji is being celebrated today with great religious fervour, dedication and devotion across the country.On this day in 1469 NOTE:- Guru Nanak was born in 1469 in Talwandi, a village in the Sheikhupura district, 65 kms. west of Lahore, now known as Nankana Saheb in a Bedi Hindu family. Thousands of devotees from across the world today throng the , the Golden Temple and take holy dip in the sacred sarovar.
2. Bangalore to host first ever T20 World Cup for blind
The first ever Twenty20 World Cup for the blind will witness nine countries battling it out for the trophy here from December 2 to 13.
NOTE:- Besides hosts India, Australia, Bangladesh, England, Pakistan, South Africa, West Indies, Sri Lanka and Nepal will participate in the tournament, which is a joint effort by Bangalore-based NGO, Samarthanam and Cricket Association for the Blind in India (CABI).
3. Indian companies second worse in world on fraud after Africa
India has the highest number of fraud-hit companies after Africa, according to a report by global advisory firm Kroll.
Fraud risks in India remain above the global average and, outside Africa (77 per cent), the country has seen the highest number of companies affected by frauds at 68 per cent, followed by China and Indonesia at 65 per cent, compared to the global average of 61 per cent, said Kroll's 'Global Fraud Report' released.
NOTE:- Theft of physical assets or stock was the most frequent (27 per cent) type of fraud reported.
The report is based on interviews of 800 senior executives worldwide, including 60 from the country.
5. India behind China in domestic use of software: UN report
India lags way behind China in domestic use of software as the country uses only 23 per cent of total production, according to a UN report.
"The domestic use of software in India is only 23 per cent of total productions compared to almost 90 per cent in China. Moreover, Chinese production is almost three times to that of India," according to a report by United Nations Conference on Trade and Development (UNCTAD).
NOTE:- The report further said India's computer software and services spending for 2011 stood at USD 8.4 billion which is 8.7 per cent share of total information and communication technology spending in India.
6. Bihar's economic growth best among major states in 11th Plan
Bihar has been the top performer among the major states in terms of economic growth during the 11th Five Year Plan which ended on March 31, 2012.
NOTE:- According to a Planning Commission report on state finances, only Sikkim and Goa, which are much smaller in size than Bihar, have performed better than the state.
The report reveals that the nominal gross state domestic product (GSDP) growth rate of Bihar was 21.9 per cent during the 11th Plan spread over 2007 to 12.
None of the major states which include Maharashtra, Andhra Pradesh, Gujarat and Uttar Pradesh could over 20 per cent GSDP growth rate in nominal terms.
NOTE:- Among all the states and union territories, Sikkim recorded highest GSDP growth rate of 31.6 per cent during the five year period followed by Goa at 22.9 per cent.
The worst performers include Jharkhand which recorded GSDP growth rate of 9.2 per cent followed by the Puducherry, Nagaland and Manipur (all below 11 per cent).
In case of major states, Haryana clocked the GSDP growth rate of 19.5 per cent followed by Rajasthan at 18 per cent, Kerala at 16.9 per cent, Madhya Pradesh 16.8 per cent, Andhra Pradesh at 16.7 per cent and West Bengal at 16.4 per cent.
During the 11th Plan, Gujarat grew at 16 per cent followed by Maharashtra and Uttar Pradesh at 15.3 per cent each.
7. 2012-16: Indian economy to grow at 7.7, says ING
The country's economy is likely to grow by an average of 7.7 per cent during 2012-16, a report by leading financial services firm ING said today.
"We expect the economy to grow in 2012-16 by 7.7 per cent on average. On the demand side, private consumption and investment will be the main drivers of growth," the report said
NOTE:- From a high over 9 per cent GDP growth for many years prior to the 2008 crisis, the economy grew 6.5 per cent last year and is projected to slow down further to a decadal low 5.5 per cent or even lower this fiscal.
8. NSE's Chitra Ramakrishna in select league of women CEOs
With her elevation as CEO and Managing Director of leading Indian bourse NSE, Chitra Ramakrishna will join the select league of women executives in the world who head stock exchanges.
Only two of the top 20 bourses globally have women CEOs, while Ramakrishna, currently joint MD of the National Stock Exchange (NSE), will assume the role of its chief from April 1, 2013 for a period of five years.
NOTE:- Among the top-20 bourses in terms of market value of listed companies, South Africa's Johannesburg Stock Exchange and China's Shenzhen Stock Exchange are headed by Nicky Newton-King and Liping Song respectively.
9. NSE ranked 12th in the world Stock Exchange List
NSE, with a market value of USD 1,178 billion, is ranked 12th in the world as of October 2012, as per the latest data of the World Federation of Exchanges (WFE).
NOTE:- The 11 exchanges having higher market capitalisation than NSE include NYSE Euronext (US), Nasdaq, London Stock Exchange Group, NYSE Euronext (Europe), Hong Kong Exchanges, China's Shanghai SE, Canada's TMX Group, Germany's Deutsche Boerse, Australian Stock Exchange and India's BSE.
10. China to grow at 7.5% despite global downturn
China today said it is confident of achieving GDP growth target of 7.5 per cent despite global economic downturn and steady fall in exports.
NOTE:- Chinese Minister of Commerce Chen Deming said the country is poised for an annual gross domestic product (GDP) growth rate of 7.5 per cent, consistent with the predictions made at the beginning of 2012.
11. 2-yr ban on MITL for trades with Ketan Parekh related entities
Market regulator Sebi has barred Mascon Information Technologies Ltd (MITL) from the securities market for a period of two years for alleged fraudulent trading by way of offloading shares through off market transfers to Ketan Parekh
12. India to witness 89 GW of installed wind power by 2020
India is expected to have 89 gigawatts (GW) of installed wind power capacity by 2020 and attract $16.5 billion annual investment according to India’s Wind Energy Outlook 2012. This would hypothetically help prevent the emission of 131 million tonnes of carbon dioxide annually.
NOTE:- India is the third largest annual wind power market in the world and provides business opportunities for both domestic and foreign investors
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