Page-10 of GKToday Archives: July, 2014

TCS is first Indian firm to achieve market capitalization of Rs 5 lakh crore

July 25, 2014

India’s largest software services exporter, Tata Consultancy Services (TCS) became the first Indian company to achieve a market capitalization of Rs 5 lakh crore. In terms of market capitalization, TCS is followed by Oil and Natural Gas Corporation (ONGC) at ..

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Government sets up Suresh Prabhu Panel to review Gas Pricing Formula

July 25, 2014

Union government will appoint Suresh Prabhu Committee to review the gas pricing formula. Suresh Prabhu is a former Union Power Minister under National Democratic Alliance (NDA) government led by Atal Bihari Vajpayee. The other members on the panel will be Pratap ..

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Union Cabinet gives nod to 49% FDI in insurance sector

July 25, 2014

The Union Cabinet approved the proposal of increasing the Foreign Direct Investment (FDI) limit in the insurance sector to 49% from the existing 26%. The move is in sync with the proposal made by Finance Minister Arun Jaitley in his ..

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Fuad Masum: New President of Iraq

July 24, 2014

The Council of Representatives of Iraq (Iraqi Parliament) in Baghdad elected Muhammad Fuad Masum of Patriotic Union of Kurdistan (PUK) party as the seventh President of Iraq. He got 211 votes in his favor and 17 votes against. Masum is ..

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K. N. Tripathi takes oath as Governor of West Bengal

July 24, 2014

Former Speaker of Uttar Pradesh Legislative Assembly and five-time MLA Keshari Nath Tripathi was sworn-in as the Governor of West Bengal. Tripathi, was administered the oath of office by the acting Chief Justice of Calcutta High Court Asim Kumar Banerjee in ..

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World Bank to extend $18 billion financial support to India

July 24, 2014

The World Bank will provide financial support of $15-18 billion to India over the next 3 years to help speed up economic growth and reduce poverty. As per World Bank group president Jim Yong Kim who was on a visit ..

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