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The Sanjeev Goenka-owned New Rising consortium and mobile phone manufacturer Intex have won ownership rights of the two new franchises in the IPL. New Rising have picked Pune as their home base, while Intex have opted for Rajkot.New Rising bid Rs minus 16 crore while Intex quoted minus 10 crore in the reverse bidding process through which the new franchises were chosen.
COUNTRY’S FLAGSHIP HAL TURNS 75
Hindustan Aeronautics Ltd, now part of the Ministry of Defence, celebrates 75 years this month. Ranked 34 among the world’s aerospace companies and easily among the top four in Asia by turnover, the country’s sole maker of military aircraft has kicked off a series of programmes across its locations to notch its marquee platinum jubilee.
INDIA ADDS 112 SQ. KM. TO MANGROVE COVER
The latest report of the Forest Survey of India (FSI), 2015 released in the first week of December has recorded a net increase of 112 sq. km. of mangroves forest — one of the regions most vulnerable to climate change.The earlier FSI report in 2013 recorded a net decrease of 34 sq. km. of mangrove forest. According to the latest report, the overall mangrove cover in the country stands at 4,740 sq. km., which is 0.14 sq. km. of India’s overall geographical area.
‘NETAJI DID NOT ESCAPE TO THE SOVIET UNION IN OR AFTER 1945’
Letters exchanged between the Indian and Russian governments between 1991 and 1995 re-affirm that Subhash Chandra Bose, founder of the Indian National Army, did not visit the Soviet Union in 1945 or after. Documents released on eve of Modi’s visit to Russia, where he has promised Bose’s relatives to discuss matter with Putin.
INDIA’S TOTAL MERCHANDISE EXPORT VALUED AT $321 BN IN 2014
India’s total merchandise export for 2014 was valued at USD 321 billion against USD 314 billion in the previous year, a UNCTAD report said. The report said international service exports accounted for 21 percent of the total global exports (valued at just over USD 5 trillion) in 2014, a growth of almost 5 percent over the previous year. The total global exports for 2014 stood at USD 24 trillion, up 1.2 percent, compared with the previous year, it added.
NON-CORPORATE CROREPATIS TRIPLED IN INDIA SINCE 2011
The number of non-corporate entities — including individuals — that have declared incomes of more than Rs.1 crore a year has tripled to 63,589 in 2014 from 19,716 in 2011, according to data with the Income Tax Department. The number of corporate entities that have declared taxable incomes of more than Rs.1 crore has remained roughly the same at around 30,000.
INDIA SOFTWARE MARKET TO GROW TO $5.3 BILLION IN 2016: GARTNER
Software market in India is expected to grow at 12.8 per cent to reach $5.3 billion in 2016, research firm Gartner said on Wednesday.“The enterprise software marketplace is dynamic and ever-changing. Its growth and structure are being shaped by factors and forces of decentralised purchasing,consumerisation, mobility, influence of other emerging markets, cloud-based implementations, and new consumption models.
E-COMMERCE MARKET IN INDIA MAY TOUCH $100 BILLION BY 2020: DIPP SECRETARY AMITABH KANT
According to a report titled ‘Direct selling; Mapping the industry across Indian states’, the country’s e-commerce sector, which is around $ 10 billion (Rs 65,000 crore) at present, can even touch $ 250 billion in next ten years as digital network would spread in the rural areas. E-commerce market is likely to grow ten-fold in next five years to reach $ 100 billion on the back of increasing penetration of Internet, smartphones and spread of digital network in rural areas.
SHWETA, RAJ, PEMBA BAG TOP HONOURS AT NATIONAL SHOOTING CHAMPIONSHIP
ONGC’s Shweta Singh clinched the gold medal in women’s 10M Air Pistol even by shrugging off a spirited challenge from Haryana’s Yashaswani Singh Deswal to prevent Army from clean sweeping the top events on day seven of the 59th National Shooting Championship.Malaika Goel of Punjab won the bronze in this event at the Dr Karni Singh Shooting Range.Meanwhile, Raj Chaudhary of the Army won the women’s 50M Rifle Prone champion event after she edged out India international Lajja Gauswami of Gujarat by virtue of having one inner 10 more. Tejaswini Sawant of Maharashtra came in third in the event.Another army marksman and veteran India international shooter Pemba Tamang won the gold in the men’s 25M Rapid Fire Pistol event, in which colleague Neeraj Kumar bagged the silver and Wazeer Singh Rathee of the BSF won bronze.
GLACIERS IN MOUNT EVEREST SHRINK 28% IN 40 YEARS: REPORT
Glaciers on Mount Everest, source of major Asian rivers like Brahmaputra, have shrunk by 28 per cent over the past 40 years due to climate change, according to a report. The glacier area on the south slope of the world’s highest mountain, in Nepal, has decreased 26 per cent since the 1980s, the report said.