2 November 2016 Current Affairs

Tata empire split in two as Mistry stays Chairman of Group Units

A week after the Coup at Tata Sons Ltd. Cyrus Mistry is still the chairman and non-executive director of Tata Motors Ltd, and Indian Hotels Co, which runs the Pierre in New York, the companies said in stock exchange filings Tuesday.


SBI reduces home loan rate 9.1%; lowest level in 6 years

State Bank of India has cut its home loan rate to the lowest level in six years to 9.1%.The rate cut comes as part of a festive scheme by SBI, under the new scheme, home loans for women, or loans with women as co-borrowers, will be available for 20bps above the benchmark rate.


Blackberry to make “cars of the future“ with ford

Blackberry has partnered with Ford to make “cars of the future “by providing software to help develop self-driving cars. Blackberry has previously worked with startups to develop technology that breaks a car automatically when it spots something in its path. The new deal may expand use of BlackBerry’s software.


Twitter India head quits, more exists to follow in major shake-up

Rishi Jaitly’s resignation was not surprising for most Twitter India employees, who knew that the domestic market will be impacted by the micro-blogging site’s global restructuring programme, as the company failed to get new users and generate higher advertising revenue, giving way to Facebook, Google and Snapchat.


Doordarshan’s future hinging on revival plans

After basking in the success of the 1990’s. Doordarshan dwindling viewership of 82.66 million proves to be of increasing concern. Private broadcaster Star Plus has 706.324 million viewers. After cancelling two rounds of applications for its prime-time slot sale, it is hoping to get lucky this time.


Hardik Pandya thanks everyone for maiden Test call-up

Hardik Pandya has been picked in India’s Test squad for the first time with his name being included in the 15-man squad for the upcoming England series which is for the first two Test matches. With no like-for-like replacement for an injured Rohit Sharma, this could mean a doubt for either him or Karun Nair.


Price drop possible but no across-the-board free calls

Bharti Airtel has indicated that entry of Reliance Jio could lead to lowering of prices to some extent but ruled out across-the-board free voice call for all mobile plans, Gopal Vittal, M.D. and CEO, India and South Asia, Bharti Airtel, said that while competitors kept the company on its toes, it was not “obsessed” with them.


Renault India sales jump 67.8% in October

Renault India has registered the monthly sales of 12,409 units in October 2016as against 7,396 units in the corresponding month last year, thereby registering a growth of 67.8%.The automaker has crossed the 1 Lakh sales mark with cumulative sales of 1,11,387 units for the period Jan-Oct 2016.


World introduced to China’s J-20 stealth jet

China showed its Chengdu J-20 stealth fighter in public for the first time today, opening the country’s biggest meeting of aircraft makers and buyers with a show of its military clout.Airshow China offers Beijing an opportunity to demonstrate its ambitions in civil aerospace and to underline its defense ambitions.

Updated: November 2, 2016 — 6:32 pm

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