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Major News and Events of 01 April 2015

What Happened on 01 April 2015

Biocon may File for IPO Listing for its Research Service Segment Syngene International

Sources say that Biocon Limited, one of the leading biotechnology companies, is all set to file a prospectus for listing Syngene International, Biocon’s research services segment, in the stock market in the coming two months. Market analysts believe that the IPO may fetch the company an estimated $159.8 million or around Rs. 1,000 crore. Percentage of stake to be sold by the company has not being revealed yet. While Biocon sold Syngene’s 10 per cent stake last year, in January 2015 the company told that they are willing to offload another 15 per cent stake of their research services arm.  

Jack Ma Appoints Investment Bankers to Find Prospective Partners in India across Multiple Verticals

Executive Chairman of Alibaba Group, Jack Ma, has made his intentions clear about his bullish outlook on Indian market as he mandated three renowned investment bankers (Bank of America Merrill Lynch, Citigroup, and Goldman Sachs) for scouting strategic partners (both large and mid-sized) across different verticals (online retail companies, logistics, B2B e-tailing, payment service companies, and content making companies). Spokesperson of Alibaba refused to make any statement regarding the news. Alibaba is in talks with Micromax in buying a significant stake in the company. Ma has also shown interest of acquiring stakes in ShopClues. Sources say Jack Ma is scheduled to visit India again during April-end.

Union Government meets Fiscal Deficit Target; Telecom Minister Thanks Operators for Making Partial Upfront Payments

Reports say that Union Government was successful in meeting 2014-15 financial year’s fiscal deficit target of 4.1 per cent. Government was able to meet the target mainly because of the successful Telecom spectrum auction that earned the government Rs. 10,808 crore from upfront payments made by the telecom operators including Idea, Reliance Jio, and Bharti Airtel. The operators had time till April 8 to make the upfront payments to the tune of Rs. 28,872 crore. However, they made part payments by yesterday so that the government can meet its fiscal deficit target. Telecom Minister Ravi Shankar Prasad thanked the companies for listening to his appeal.

J&K Under Threat of Looming Flood Situation due to Met Prediction of Heavy Rainfall from April 1 to 3

Jammu and Kashmir is again reeling under the looming threat of yet another devastating flood as heavy downpour has been predicted for three days (from April 1 to April 3) by the Met Department. Sonam Lotus, Director of the Met Department said that the weather condition will improve only after April 3. Due to ceasing of rain in the last few days, Jhelum river’s water level receded and were way below the danger mark. Water level of Jhelum in Srinagar and Sangam are 15.5 feet and 12 feet respectively, significantly lower than the 18 feet and 21 feet danger mark.

AAP Removes the Rebel Trio from Spokespersons' Position; Appoints 20-Member Panel

Aam Aadmi Party has removed rebel leaders Yogendra Yadav, Prashant Bhushan, and Anand Kumar from spokespersons’ position and in place announced a 20-member panel. Yogendra Yadav’s removal was significant as he was the chief spokesperson of AAP. The decision of removing the rebel trio comes 4 days after they were removed from National Executive. Sources say that all the members in the newly formed panel belong to Arvind Kejriwal group. including Kumar Vishwas, Ashutosh, Sanjay Singh, Pankaj Gupta, Ilyas Azmi, Ashish Khetan, MP Bhagwant Mann, four MLAs (Alka Lamba, Kapil Mishra, Adarsh Shastri, and Saurabh Bharadwaj), Rahul Mehra, HS Phoolka, and others.

Indian Navy Successfully Evacuates 249 Indians During Night Rescue Mission from War Ravaged Yemen

Indian Navy braved the bombs in war-torn Yemen at dead of night yesterday and rescued 349 Indians. Ministry of External Affairs tweet said that the rescued Indians will be first brought from Aden to Djibouti and then will be finally sent to India. 349 people have been shipped out of Yemen through INS Sumitra. Officials of External Affairs confirmed report that the rescued people include 220 men, 28 children, and 101 women. There are more than 4,000 Indians stranded in Yemen and the rescue mission started only after India received permission of docking its ship at Aden harbour yesterday night.   

New Uniform Natural Gas Pricing Policy Introduced to Jack Up Domestic Production of Urea

Economic Affairs’ Cabinet Committee yesterday approved uniform gas pricing policy and at the same time pooling of natural gas (imported as well as domestic) for urea plants in India. Sources say that this policy has been approved because the government believes that price of urea, produced from pooled natural gas, is lower than that of imported urea. Official statement states that with the adoption of this new policy the existing urea units will get encouragement in increasing their capacity and thereby increase production. Reports say that government has decided to revive Fertilizer Corporation India’s Gorakhpur unit and Hindustan Fertilizer Corporation’s Barauni unit.

Kidambi Srikanth Races to Round 2 of Malaysia Open

Ace Indian shuttler Kidambi Srikanth, the winner of India Open badminton championship, races to USD 5,00,000 Malaysia Open Super Series Premier’s second round after winning a hard fought match against Rajiv Ouseph of England. The game went on for almost an hour (56 minutes to be precise) and the final score is 21-10 15-21 24-22. Srikant won the first game easily and also got an opportunity to wrap up the match in the second game. However, he missed it and had to clinch the match in the third game. Kidambi Srikanth will next meet China’s Tian Houwei.

4 Persons Arrested from Punjab on Charges of Raping 72-Year Old Head Nun of a Convent in WB' s Ranaghat

DCP Naveen Singla told media that four people have been detained from Ludhiana’s Motinagar locality of Punjab for gang raping a 72-year old head nun of a convent located in Nadia district’s Ranaghat in West Bengal. DCP Singla confirmed report that all the arrested persons are Bangladeshi nationals. In fact, the two other accused arrested some days back from Mumbai and West Bengal were also nationals of Bangladesh. CID sources say that the second person arrested, Gopal Sarkar, due to providing shelter to the accused persons. National Human Rights Commission has also taken up the case and asked the West Bengal government for swift action.  

India to Witness Lunar Eclipse on April 4

Experts say that depending upon the extent of night sky visibility, sky gazers of India can enjoy lunar eclipse on April 4. B G Sidharth, Director of B M Birla Science Centre, said that the eclipse will begin at 15.47 hours. However, it is only at around 17.30 hours that the full lunar eclipse will start. At 17.32 hours, total eclipse will start ending. Lunar eclipse occurs due to projection of earth’s shadow on moon due to the former’s coming between sun and moon. At 18.32 hours, the partially eclipsed moon will rise and the phase will continue till 19.15 hours.  

Ex-PM Manmohan Singh Doesn't Have to Appear in Court for Now on Coal Scam Case

Former Prime Minister of India Manmohan Singh today got reprieve from appearing in the court related to coal scam case as Supreme Court has stayed all proceedings against Singh. Apex court of India has stayed the order issued by a special lower court summoning ex-PM as an accused in the multi-billion coal scam case on April 8. Reports say that the summons were issued against Singh in relation with the Talabira coal block allocation in 2005 to Hindalco. Ashwini Kumar, lawyer of Manmohan Singh told media that CBI, central sleuth agency, has received and “accepted the notice in court”.

China Rejects India's Request of Opening Consulate in Tibetan Capital; India-China Reach Deal of Opening New Consulates

Reports say that China has rejected India’s request of allowing it to open the third consulate in Lhasa, restive Tibetan capital. However, Chinese government has agreed and allowed India to open its consulate in capital of Sichuan, Chengdu. Indian government, in exchange, has allowed China to open its third consulate in Chennai. Indian official privy to the deal said that opening a consulate in Tibet became important as it will back-up bilateral trade and pilgrimage tourism including Mansarovar and Kailash yatra. The two neighbours signed the dotted line in opening consulates after both the countries agreed upon improving bilateral relation.

FAQs and Answers on Indian History and Geography
Which Indian state is the largest producer of bauxite?The state of Odisha is the largest producer of bauxite in India. India has abundant resources of bauxite and serves as a raw material in the production of aluminium. As per the report of the Ministry of Mines, India stood at the 7th position in… Read More...
Which Indian city is famously known as the "Manchester City of India"?The city of Ahmedabad in the Gujarat state is famously known as the "Manchester City of India". This name was given to this city by a popular textile center in the Manchester of Great Britain, adhering to the striking similarities of Ahmedabad's prospering cotton textile… Read More...
Which Indian state is the largest producer of coffee?Karnataka state is the largest producer of coffee in India. The state contributed about 70% of the total production of coffee in India during 2016-17 with 2.33 lakh MT coffee production. The main variety of coffee grown in Karnataka is Robusta, but the state also… Read More...

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