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Current Affairs 15th April 2018

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Infosys to acquire US-based WongDoody for $75 million

Infosys today said it will acquire WongDoody Holding Company, a US-based digital creative and consumer insights agency, for a total consideration of up to $75 million.The move, Infosys said, would strengthen the company’s creative, branding and customer experience capabilities. The acquisition is expected to close during the first quarter of fiscal 2019, subject to customary closing conditions.


Ind-Ra raises GDP growth forecast to 7.4% this fiscal

India Ratings and Research (Ind-Ra), a Fitch Group company, has revised upwards India’s GDP growth forecast to 7.4 per cent for 2018-19 from 7.1 per cent projected earlier, a top official said.

The upward revision has been prompted by expected higher growth in industrial output, normal monsoon and better performance in the agriculture sector, Devendra Kumar Pant, Chief Economist and Senior Director (Public Finance), Ind-Ra.


Kochi to host India Rubber Meet

The Rubber Board and the stakeholder associations are jointly organising the India Rubber Meet 2018 (IRM 2018), the fourth edition in the series in Kochi on August 30 and 31.

The meet will have representation from all segments of the rubber industry. IRM is a regular forum for interaction, networking and exchange of information.

The theme of IRM 2018 is ‘Towards a sustainable rubber value chain’.


Smriti Irani launches GNFC’s Neem project in UP

State-run Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) started its socio-economic Neem Project, inaugurated by Union Minister Smriti Irani Kathaura – Jagdishpur in Amethi District on Friday.

GNFC intends to collect 8,000 to 10,000 MT Neem seeds from the State. It is estimated to provide additional income of Rs 12-15 crore for over one lakh rural woman from 2,500 villages in the State.


Haryana to introduce Choice Based Credit System for undergraduate education

Haryana soon to give relax to the undergraduate students as it is going to introduce a unique way which will bring a smile on their faces that is Choice based credit system (CBCS). The Haryana government said it has decided to introduce choice-based credit system (CBCS) and also revise the syllabus and workload in eleven subjects at the under-graduation level “in keeping with global scenario”. The subjects are economics, political science, psychology, mathematics, physics, chemistry, computer science, botany, zoology, commerce, and geography, said an official spokesperson of the higher education department. They would review the existing syllabi in the universities of Haryana, the neighboring states as well as the model curriculum of UGC to make an assessment of the workload and evolve choice-based credit system.


PNB Launches Products to Mark Foundation Day

State-run Punjab National Bank (PNB) launched new products such as pre-approved credit card and UPI solution to mark its 124th foundation day.  Besides, the bank announced its UPI partnership with the expense management app WALNUT that comes embedded with features such as bill reminders, bill-split and instant paperless loan



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