Important News (India & World): 1. World Investment Report 2014- India slips to 4th place in UNCTADs FDI destination ranking. Note: China has retained its top position as the worlds most attractive investment destination followed by the US and Indonesia at second and third place, according to the UNCTADs World Investment Report 2014. 2. Google closed the social networking site Orkut permanently on 30 September 2014. Orkut started in 2004 was named after its creator, Orkut Buyukkokten, a Google employee. 3. Afghanistan signed Bilateral Security Agreement (BSA) with the US with an aim to allow some US troops to remain in the country till 2015. 4. Amazon founder Jeff Bezos visited India. Amazon said it will invest USD 2 billion (over Rs 12,000 crore) in India to expand business, a day after its largest Indian rival Flipkart announced USD 1 billion in funding 5. Microsoft is the first foreign company to enter China after the govt lifted a 14-year ban: US technology giant Microsoft launched its Xbox One game console in China, the first foreign company to enter the potentially massive market after the government lifted a 14-year ban. 6. Union Government declared 25 September as Antyodya Diwas. Antyodya diwas was observed to mark the 98th birth anniversary of Pandit Deendayal Upadhyay. 7. China’s e-commerce giant Alibaba gets approval to set up private bank in China 8. The Indian economy will grow at a rate of 5.6 per cent in 2014 according to United Nations Conference on Trade and Development (UNCTAD). 9. Alibaba Group Holding Ltds initial public offering (IPO) now ranks as the worlds biggest in history at $25 billion, after the ecommerce giant and some of its shareholders sold additional shares. Jack Ma is the founder of Alibaba Note: The IPO surpassed the previous global record set by Agricultural Bank of China Ltd in 2010 when the bank raised $22.1 billion. 10. The British aid worker, David Haines was in news as he was beheaded by Islamic State of Iraq and Syria (ISIS) militants. Keep Reading........................................... :) CU all after Diwali with further points..... Enjoy Diwali without crackers and save our Mother Earth from Pollution :) Have a Healthy Diwali :) :) :)
Posted on: Tue, 21 Oct 2014 13:35:03 +0000
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