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12 May 2014

Current Affairs : 3rd May 2014

Cashless restructuring of FCCB’s approved by Suzlon Group directorsGK
Cashless restructuring of FCCB’s (Foreign Currency Convertible Bonds) approved by Suzlon Group directors. Issue size is more than $ 485 million. Restructured bonds will have 5 years maturity and one day from the issue date. Bonds will get maturity in 2019-20. Conversion price at that time will be Rs.15.46.
Sun Pharma to take appropriate action against Pharma company’s $ 4 billion deal with Ranbaxy
Sun Pharma to take appropriate action against Andhra Pradesh High court suspending Pharma company’s $ 4 billion deal with Ranbaxy.
Sun Pharma Net Loss in the 4th quarter ended is Rs.2.51 crores
Sun Pharma Net Loss in the 4th quarter ended is Rs.2.51 crores. Loss occurred due to increase in the expenses. Total income of the company decreased to Rs.44.04 crores. In this period company expenses increased by 78.43% and reached to Rs.48.16 crores.
TaxiForSure.com raised second round of funding by Bessemer Venture Partners
TaxiForSure.com raised second round of funding by Bessemer Venture Partners by $ 10mn. Participating investors in this company are Blume Ventures, Helion Venture Partners and Accel Partners.
V-Guard Net Profit by the end of 4th quarter is Rs.20.48 crores
V-Guard Net Profit by the end of 4th quarter is Rs.20.48 crores. Last year in the same period net profit of the company is Rs.8.94 crores. At the end of 31st March 2014, PAT is Rs.70.13 crores, growth of the company is Rs.11.46%. Turnover of the company reached to Rs.1500 crores.
Leadership in Animal Welfare Award achieved by 18 members of DTAB
Leadership in Animal Welfare Award achieved by 18 members of outgoing DTAB (Drug Technical Advisory Board). These members received the awards for the improving regulatory standards for animal welfare in the country. This award was given by Human Society International / India. Major decision of the board is approved the ban on animal testing for cosmetics. Decision was taken under the leadership of GN Singh Drug Controller General of India and Jagdish Prasad India’s Director General of Health Services.
World Press Freedom Day observed
Across the world, World Press Freedom day observed. Theme of this day for the year 2014 is Media Freedom for a Better Future: Shaping the post 2015 development Agenda. This day celebrates to pay tribute to journalists who have lost their lives in the line of duty, defend the media from attacks on their independence, assess the state of press freedom throughout the world, fundamental principles of press freedom.

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