Friday, November 25th,2011

HEADLINES

• Cabinet approves 51% in multi brand retail
• Kishenji, the Maoist leader believed to be killed in encounter
• Youth attacks Sharad Pawar in Delhi
• Parliament disrupted on third day on the issue of price rise, Telengana

NATIONAL NEWS

• Cyrus Mistry brings big gains for TATA stocks
  • The stocks of the Tata group of companies soared higher after the announcement of Cyrus Mistry as the successor of TATA adding nearly 7200 crores to the groups market value.

• New Method developed to determine Vitamin E concentration in blood.
  • The environmental health research unit of the department of physiology, Al Ameen College has come up with a new technique for the determination of Vitamin E(Alpha - tocopherol) concentration in blood.
    
    
• India looks to acquire Uranium assets overseas.
  • India is looking forward to acquire Uranium mining assets abroad and enter in to a long term contract with some of the suppliers to meet the future fuel requirement of the country said Director BARC, R.K Sinha
  • He also emphasised on the fact that the Kudankulam plant is entirely safe and also will not affect the fishing activities of the local people.
    
    
• India, EAG to combat money laundering
  • India has inked an agreement with Eurasian Group (EAG), a group that enforces anti money laundering in that region
  • This was done in the 15^th plenary meeting of the EAG on combating money laundering and financing of terrorism held in Xiamen China
  • India has also offered assistance to member nations in enhancing their technical skills for establishing better financial systems, capital market monitoring and surveillance through sophisticated IT tools.
    
    
• Aamir Khan to be Unicef's national ambassador

INTERNATIONAL NEWS

• China to get more Turkmenistan gas
  • China has taken a major step in securing access to the central Asian nations vast gas reserves by increasing its gas supply by 25 million cubic metres.
  • India's planned TAPI is still in the pipeline even as the long standing talks continue.

• Everest height may have to be revised
  • A new study reveals that the Everest may be 90 cm higher than what it is perceived to be.
  • The new height is supposed to be 8848.9

EDITORIALS, OPINIONS AND COLUMNS

• An opinion by R.K Raghavan on the issue of giving bail.
• An editorial on the state of Egypt after the revolution.
• An editorial on the challenges faced in banking.

BUSINESS/ECONOMY NEWS

• Cabinet approves companies bill, 2011
  • The union cabinet has approved the company's bill 2011 which will help improve the efficiency and increase accountability of the corporate sector.
  • The new action will update the company law on terms with the best global practices and introduce new ideas such as Coporate Social Responsibility (CSR), class action suits and a fixed term for independent directors.
  • The bill also proposes to tighten laws against insider trading and tighten laws against raising money from public.
  • It will also make mandatory for the companies to ear mark 2% of their average profit for the preceding three years for CSR activity and also make a disclosure to share holders about the policy adopted in the process