Page-7 of Current Affairs - September, 2013

BlackBerry to be bought by Prem Watsa-led Fairfax group for $4.7 billion

Canadian firm Fairfax signed a letter of intent with Ontario based Blackberry making an offer to acquire the pioneering mobile maker. BlackBerry was once a leader in mobile tech but has been squeezed by rivals Android and Apple, which coincidentally announced record sales of its latest iPhone. Fairfax Financial Holdings Limited is headed by billionaire ..

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Earthquake forms methane spewing island off Gwadar in Pakistan

A powerful earthquake (7.7 ) that hit the Makran zone caused a methane and mud spewing island to form off the coast of Gwadar in Balochistan province of Pakistan. How did earthquake (7.7 ) that hit the Makran zone  happen? The sea from Gwadar to Ormara had a huge stock of frozen methane gas below the ..

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'The Good Road' is India's entry for Oscar

The selection panel appointed Film Federation of India (FFI) has chosen filmmaker Gyan Correa’s Gujarati film “The Good Road” as India’s entry for the best foreign film category at the Academy Awards 2013. It is the first Gujarati film to have achieved this feat. Earlier this year, “The Good Road” had won the National Award for ..

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Impasse over RBI's 80:20 gold import scheme ends

The government cleared the confusion that was going between the Customs Department and gold importers regarding the RBI’s 80:20 scheme which was introduced in July 2013. What is 80:20 scheme of RBI? Under this scheme, the importers are directed to export back 20% of the total gold imports. It prohibits further imports if this 20% ..

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Russia offers India to joint venture in defence manufacturing

Russia proposed to build manufacturing units in India to undertake co-production of defence equipment and also agreed to set up two major projects in a joint venture for manufacturing civil choppers and aircraft. Both nations agreed on collaboration to jointly develop and manufacture civilian aircraft and helicopters especially for emergency relief and medical purposes. These ..

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