Current Affairs Update – 9-10th May, 2015

Hello and welcome to ExamPundit. Here are the current affairs of 9th and 10th May, 2015.

HDFC in world’s top
10 list of consumer finance firms

  • Mortgage lender HDFC has emerged the only Indian company
    among the world’s 10 biggest consumer financial services firms, after giants
    like American Express, Visa and Mastercard.
  • HDFC is ranked 7th on the list, compiled by business
    magazine Forbes, where American Express is placed on the top followed by
    Capital One Financial, Visa, Discover Financial Services and Orix in the top-five.
    Mastercard is ranked sixth.
  • HDFC is followed by CIT Group of the US at eighth position,
    Taiwan’s Hua Nan Financial at 9th and China’s Franshion Properties is at the
    10th place.
  • Others ranked lower include Samsung Card, Kaisa Group,
    Orient, Nelnet, Jabal Omar Development and KWG Property.
  • The list is part of Forbes’ annual compilation of 2,000
    biggest and most powerful companies globally, which includes a total of 56
    companies from India across various sectors.
  • In the overall list, HDFC is ranked 485th, while Mukesh
    Ambani-led Reliance Industries leads the pack of the Indian companies at 142nd
    overall position.
  • Among other sector-specific lists, there is no Indian entity
    on the list of biggest major banks topped by China’s ICBC.
  • For the regional banks, China Construction Bank tops the
    chart, while India’s SBI is ranked 22nd, ICICI Bank is at 29th place and HDFC
    Bank is at 40th position.
  • For oil and gas sector, Reliance Industries is ranked 15th
    globally, while ExxonMobil is on the top.
  • In Computer Services, Google tops the list and India’s TCS
    is at 7th place, followed by Coginzant at 9th and Infosys at 10th position.

Maharashtra govt,
SIDBI set up Rs. 200-cr fund for MSMEs
  • State-run SIDBI and the Maharashtra Government have set up a
    Rs. 200-crore venture capital fund with a view to providing easy financing
    options to micro, small and medium entrepreneurs (MSMEs), which traditionally
    face hurdles in formal sources of funding.
  • While the state has committed to contributing Rs. 75 crore
    towards the fund, the rest will be raised from banks and other financial
  • The investment will be in the form of equity and we will
    have a share in the firm and also take risk along with the entrepreneur.
  • Meanwhile, Maharashtra has also decided to come up with a
    dedicated industrial policy for MSMEs to provide them all the necessary
    incentives and facilities in setting up their businesses in the state.

INS Sardar Patel

  • A strategically important new Naval base — INS Sardar Patel
    — was on Saturday commissioned in Porbandar, which Navy chief R.K. Dhowan said
    will help boost security of Gujarat’s 1600-km coastline.
  • The base was commissioned by Gujarat Chief Minister Anandiben
    Patel, who used the occasion to mount an attack on the earlier UPA government,
    accusing it of ignoring the security concerns on the state coastline.
  • Ms. Patel unveiled the plaque and read the commissioning
    warrant of the new base which is second in the state for the Indian Navy after
    INS Dwarka near Okha.
  • Speaking at the event, Mr. Dhowan said the new base will
    help Gujarat strengthen security on its coastline.

& Honors –
Ramkumar and Vijay
win T.K. Ramanathan award
  • Ramkumar Ramanathan and Vijay Sundar Prashanth won the
    prestigious T.K. Ramanathan award at the Tamil Nadu Tennis Association annual
    day function held at SDAT-Nungambakkam Stadium here on Friday. Both received
    Rs. 15,000 each.
  • While Ramkumar — with good performances on the ATP and ITF
    circuits — reached a world ranking of 226, Vijay’s good display in the 2015
    Aircel Chennai Open — he qualified for the main draw — and two back-to-back ITF
    titles in Tiruchi and Chennai, improved his rankings to 397.
  • Vijay, however, couldn’t make it to the function due to
    prior commitments. Speaking to The Hindu, Ramkumar said his focus will now be
    more on the Challengers.

Srinivasan Swamy and
Ramesh Narayan declared ‘IAA champions’
  • The International Advertising Association has recognised two
    champions from India for the 2015 IAA Inspire Awards.
  • The IAA award winners are Srinivasan Swamy, Chairman, RK
    Swamy BBDO and President, India Chapter IAA, and Ramesh Narayan, an industry
    veteran and Hall of Fame awardee at the IAA Leadership Award in 2014, according
    to a press release.
  • They will be honoured in London at the 2015 IAA Awards Gala
    Dinner, immediately following the Leadership Forum on May 18 at the
    InterContinental Hotel, Park Lane, London.
  • The Awards were created to celebrate IAA members who have
    contributed their professional expertise and inspired the marketing
    communications industry locally, regionally and globally, the release said.

Yuki Bhambri wins
doubles title
  • Yuki Bhambri partnering Adrian Menendez-Maceiras of Spain
    clinched the doubles title with a 5-7, 6-3, 10-8 victory over second seeds
    Sergey Betov of Belarus and Mikhail Elgin of Russia in the $50,000 Challenger
    tennis tournament in Karshi, Uzbekistan, on Saturday.
  • It was the fifth Challenger doubles title for the
    22-year-old Yuki, who has also won three Challenger singles titles.
  • The title was worth $3100 and 90 ATP points, and the
    runners-up collected $1800 and 55 ATP points.
  • After having played on indoor carpet and hard court over the
    last fortnight, Yuki moved to the $50,000 Samarkhand Challenger, to compete on
    red clay from Monday, in preparation for the French Open.
  • Dhruthi Venugopal won her maiden ITF women’s doubles title
    as she partnering Britt Geukens of Belgium beat top seeds Ola Abou Zekry of
    Egypt and Anastasia Kharchenko of Ukraine 6-2, 7-6(7) in the final of the
    $10,000 ITF women’s tournament in Sharm El Sheikh, Egypt.

Haryana Government
included Deaflympics in its sports policy
  • State Government of Haryana on 9 May 2015 included
    Deaflympics in its Sports Policy. It was included to enable Deaflympian
    medalists to get cash rewards, jobs and other benefits.
  • Decision to this effect to include Deaflympics in sports
    policy was taken during a state cabinet meet chaired by Chief Minister Manohar
    Lal at Chandigarh.
  • Deaflympics, previously known as World Games for the Deaf
    and International Games for the Deaf, is an event sanctioned by International
    Olympic Committee (IOC). Its participants are deaf athletes and they compete at
    an elite level.

& Authors –
Book titled
Unbelievable – Delhi to Islamabad written by Prof Bhim Singh released
  • Book titled Unbelievable – Delhi to Islamabad authored by
    senior Advocate Prof. Bhim Singh was released on 8 May 2015 by Vice President M
    Hamid Ansari in New Delhi.
  • The book, a travelogue is an effort initiated by the lawyers
    of India and Pakistan to work jointly to ensure that Pakistani prisoners
    languishing in Indian jails are treated in accordance with the spirit of the
    Constitution of India. Similarly, the same treatment should be mended for the
    Indian prisoners on Pakistan and they should be given fair trials.

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