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Major News and Events of 09 January 2015

What Happened on 09 January 2015


Infosys Outperforms Profit and Sales Estimates of Analysts during Third Quarter

Infosys, for the first time, released its quarterly report during market hours today. Infosys outperformed market expectation on both profit and sales during third quarter of 2014-15 that ended on December 2014. Sales of Rs 13,800 crore and profit of Rs 3,250 crore are reported by the second largest outsourcer of India. However, market expects a weak performance from IT companies because of rising US Dollar and holiday season in North America and European countries.

Uttar Pradesh Infrastructure and Industrial Investment Policy 2012 gets Pat on the Back from Industry

Uttar Pradesh Infrastructure and Industrial Investment Policy 2012, which is believed to be the brainchild of Uttar Pradesh Chief Minister Akhilesh Yadav, has been praised by industrialists. Assocham has reportedly said that it will usher in integrated development and will also create lakhs of job opportunities. D S Rawat, National Secretary General of Assocham said that there are opportunities for the state domestic product and annual industrial to increase at the rate of 10 per cent and 11 per cent respectively.  

Upgrade of Hindustan Lever Stock gives it Impetus to Rally

After Deutsche Bank updated Hindustan Lever stock for buying at Rs. 900 per stock, the noted FMCG stock witnessed a jump in its price by 11 per cent in a week’s time at BSE Sensex. It is now trading at a level unseen before. HUL stock price has increased from Rs. 756, as on January 2, 2015, to Rs. 837 currently. Motilal Oswal Securities is upbeat about Hindustan Lever stock, which they expect to post revenue growth of 12.3 per cent and volume growth of 6 per cent.

Deutsche Bank Report Expects Rating Upgrade of India and Significant Gain at Sensex

BSE Sensex is expected to reach 33,000 point mark by the end of December 2015, per Deutsche Bank report. The concerned report is also upbeat about Indian economy and expects the country to get a rating upgrade from rating agencies. It is reported that this optimism is based upon two factors - improvement in government actions/policies and macro-economic factors. This report has been authored by research analysts Abhishek Saraf and Abhay Laijawala.    

After Omar's Resignation J&K Moving Towards Governor's Rule

NN Vohra, Governor of Jammu and Kashmir, is sending a detailed report to the Union Government on the political uncertainty created after caretaker Chief Minister of the state Omar Abdullah expressed his willingness to the governor for stepping down. Omar has reportedly asked him that J&K needs a full time administrator for helping people affected due to the flood and at the same time deal with the situations along LoC. As the fractured mandate in J&K is giving trouble to the political parties to form a government, Vohra is expected to recommend for Governor's rule in the already troubled state.

Bihar CM on his Repeated Faux Pas, merger of JD-U and RJD, and More

Jitan Ram Manjhi, Chief Minister of Bihar, said that he is still a ‘novice’ in arena of politics. This statement comes after he found himself in soup on multiple instances. While smiling at the reporters the CM said that he has learned everything except of being clever. Manjhi also praised employees of private companies for being more efficient than their government counterparts. When asked about the time of merger between his party JD-U and RJD, Manjhi passed the buck to Nitish Kumar and Laloo Prasad.

92-year Old Karunanidhi Re-elected as DMK Chief

DMK unanimously elected 92-year old M Karunanidhi as Chief of the party. It is the twelvth time he has been elected as DMK chief. While MK Stalin, younger son of Karunanidhi, has become Treasurer for the second time, M Kanimozhi (Chief’s daughter) has become Secretary of Women's Wing. Stalin reportedly said that he will be able to bring honour to his father only when he is capable of leaping 32 feet.

Rural Development Ministry Points Finger at Former NDA Minister for Delay in Disbursal of MNREGA Funds

While reviewing the delay in disbursing payment along with the deteriorating condition of MGNREGS (Mahatma Gandhi Rural Employment Guarantee Programme), Union Rural Development ministry in a note said that former Union Minister Nitin Gadkari’s apparent questioning of the very need of continuing with MNREGA caused ‘psychological’ damage to the scheme. The note also observed that this is one of the main reasons why disbursal of funds for the project got delayed.

Ex-Tamil nadu CM Jayalalitha and her Aide Discharged from 4 I-T Cases

Chief metropolitan magistrate in Chennai discharged both ex-CM of Tamil Nadu J Jayalalitha and her aide Sasikala from 4 cases filed against them by the Income tax department. This action comes after the two concerned parties agreed for an out-of-court settlement of litigation, followed by the prosecution wishing withdrawal of the concerned cases. Jayalalitha and Sasikala got respite after 18 long years.

Tharoor-Sunanda's Domestic Help Questioned

Narain Singh, domestic help of Congress MP Sashi Tharoor and his late wife Sunanda Pushkar, was interrogated by the Delhi Police yesterday. It is learnt that during interrogation Narain revealed that two days prior to Pushkar’s death the couple fought constantly before checking in the 5-Star Hotel. He also said that a friend named ‘Sunil’ visited the hotel after getting information about Sunanda Pushkar’s unwellness. Singh also revealed that Tharoor arrived at the concerned hotel suite at 8 pm and upon finding the door locked from inside, his associate called police and the staffs of the hotel.

Asus EeeBook X205 to be Launched on January 20

EeeBook X205 is on its way to India, Asus has announced. Though Asus has not revealed the exact date of the launch, reliable sources say that the gadget will be launched on January 20. Exact price of the upcoming laptop is not yet known but it will definitely have a below Rs. 20,000 price. Company sources have revealed that Asus is planning to launch two to three products in January 2015.  

Penultimate Day of 4th Australia-India test Match Series ruled by Australia

While third day of the last test match in the on-going Australia-India Test series witnessed commendable fight back by the Indian side, 4th day of the match went to Australia as they set a 348-run target before the visitors. Sports analysts believe this target is impossible for the Indian side to cross, thereby expecting a draw in the last match too.




FAQs and Answers on Indian History and Geography
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