India to overtake China next year: IMF
(ii) For 2015, the IMF forecast India will grow at 6.3 per cent, up from 5.8 per cent in 2014. China’s 2014 growth rate was 7.4 per cent.
RCom gets Rs 650 cr from promoter group TIFPL
(i) Reliance Communications on Monday said its group entity Telecom Infrastructure Finance Pvt Ltd has paid Rs 650 crore to it, thereby increasing promoter's holding to 59.7 per cent in the company.
(ii) The committeeof directors at their meeting held today have allotted 8,66,66,667 equityshares to TIFPL, against Warrants issued to them. As a result, the promoter Group's holding has gone up to 59.70 per cent from existing 58.25 per cent," RCom said in a filing to Bombay Stock Exchange.
Strides Arcolab, Gilead join hands for marketing HIV drugs
(i) Strides Arcolab Limited has entered into a licensing agreement with Gilead Sciences, Inc for marketing HIV drugs.
(ii) Under the agreement, Gilead has extended non-exclusive rights to Strides to manufacture and distribute Tenofovir Alafenamide (TAF) - used for treatment of AIDS.
(iii) The license being granted to Strides extends to 112 countries, which together account for more than 30 million people living with HIV, Strides said in a statement.
Kerala's 'Run Kerala Run' sets history; thousands participate
(ii) Giving a boost to the spirit of the run, cricket maestro Sachin Tendulkar, goodwill ambassador of the Games, took part and ran for about 200 metres in the state capital as part of the event.
(iii) Which was officially flagged off by Governor P Sathasivam. Chief Minister Oommen Chandy and his cabinet collegues Thiruvanchoor Radhakrishnan, V S Shivakumar, P K Kunhalikutty accompanied Sachin in track suits.
Rajni Kothari, founder of CSDS and prominent political scientist passes away
(i) Eminent scholar, political scientist and a former Planning Commission member Rajni Kothari passed away on Monday at the age of 86. Kothari was suffering from urinary tract disease for some time and died at around 9:45 am at his residence at Patparganj in East Delhi.
(ii) He was born on 16th August, 1928.
(iii) A well known political thinker, Kothari was also the founder of Centre for the Study of Developing Societies (CSDS) in 1963, a social sciences and humanities research institute based in Delhi.
(iv) "He was not keeping well for the last two years. He died of old-age," a family member said. He is survived by his two sons Miloon and Ashish. His last rites will take place tomorrow.
Germany eager to join ‘Make in India’ initiative
(i) Germany views Prime Minister Narendra Modi’s ‘Make in India’ initiative as a big opportunity for its industrial firms, visiting German Finance Minister Wolfgang Schäuble said on Monday.
(ii) Dr. Schäuble expressed interest in working with India in the manufacturing sector, especially in the auto and solar energy industries, at a meeting with business lobby Confederation of Indian Industry (CII) here on Monday.
Gurpreet Sandhu becomes first Indian in 79 years to play for 1st division European club
(i) Former East Bengal goalkeeper Gurpreet Singh Sandhu has entered Indian football's hall
(ii) According to India Today, Sandhu had been signed by Norwegian Tippeligaen club Stabaek FC in August 2014, and was handed the first appearance of his European career in this weekend’s 4-1 victory over Follo Fotballklubb.
(iii) Gurpreet is only the fifth Indian player to play professionally in Europe after Mohammed Salim, Bhaichung Bhutia, Sunil Chhetri and Subrata Pal.
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