Top News Headlines of 14 August 2013

Breaking news of 14 August 2013. Grab top news headlines and major events for Current Affairs GK from all around the World.

  • The IT Index on the Bombay Stock Exchange (BSE) hit a 52-week high of 7659.77 on Tuesday buoyed by the rupee depreciation and pick-up in demand for IT services.
  • State-owned Indian Oil Corp (IOC) on Tuesday reported a loss of Rs 3,093 crore for the April– June quarter on not being fully compensated for selling fuel below cost, and the rupee depreciation drilling a hole in its balance sheet.
  • Posting better-than-expected results, Tata Steel on Tuesday said its consolidated net profit zoomed 90.51% to Rs. 1,139 crore during the April-June quarter, primarily due to deferred tax gain of Rs. 415 crore.
  • Utility vehicles leader Mahindra & Mahindra on Tuesday posted a 13.5% increase in consolidated net profit to Rs 1,164.6 crore for the first quarter ended June 30,on good performance of its farm equipment segment and cost control measures.
  • The workers union at Bajaj Autos Chakan plant on Tuesday unconditionally called off their 49-day strike.
  • India raised import taxes on gold and silver on Tuesday as policymakers scrambled to narrow a gaping current account deficit, but concerns about the slowing economy and fears of more capital outflows kept up pressure on the ailing rupee.
  • German luxury carmaker Mercedes-Benz has zoomed past Audi and BMW to regain the top spot in India’s luxury car market. Mercedes-Benz had regained its number two position in the first quarter of 2013, relegating BMW to third place.
  • Ace shooter Ronjan Sodhi is set to be bestowed with the Rajiv Gandhi Khel Ratna award, the highest sporting honour in the country.  A recipient of the Arjuna award, Sodhi has won two silver medals at the 2010 Commonwealth Games and a gold medal at the 2010 Asian Games.
  • Chinese telecom giant ZTE announced plans on Monday to sell a low-cost smartphone using the open source Firefox operating system in the United States and Britain. ZTE said its Open Firefox OS phone will be sold through eBay in the US for US$79.99 and £59.99 (HK$7,000) in Britain.
  • The Supreme Court on Tuesday rejected RJD chief Lalu Prasad’s plea for transfer of trial court judge hearing the case against him in the fodder scam.
  • Nearly 10 months after the British government warmed up to Gujarat Chief Minister Narendra Modi, the India groups of the country’s two main political parties have invited him to visit the United Kingdom.
  • Yelena Isinbayeva, the greatest woman pole vaulter of all time, thrilled a partisan home crowd roaring her every jump when she landed the third and probably last world title of her illustrious career on Tuesday.
  • The ICC and the Bangladesh Cricket Board today announced that following a comprehensive investigation carried out by the ICC’s Anti-Corruption and Security Unit, nine individuals have been charged with various offences that are alleged to have been committed under the BCB’s Anti-Corruption Code during the 2013 Bangladesh Premier League.
  • China on Tuesday banned holding extravagant official galas and warned that those who violate the directive will be punished.
  • Lieutenant General Michelle Johnson became the first woman to lead the U.S. Air Force Academy formally took command on Monday, ushering in a new era for the 59-year-old military school in Colorado.
  • Parliament’s standing committee on commerce has recommended a blanket ban on any FDI in brownfield pharma projects, warning on Tuesday that a few more takeovers of large domestic generic drugmakers by multinationals can destroy benefits flowing from ‘India’s generic revolution’.
  • Extra caution in the wake of last years Sarkeguda encounter, in which several civilians were killed by security forces, led to the death of three Chhattisgarh Armed Force (CAF) personnel on Tuesday.
  • Alexander Soldatenkov, a top Russian rocket designer who worked on the mission that made Yury Gagarin the first man in space, has died at 86, the space industry plant where he worked said.
  • The government has decided to hand over the reins of Directorate General of Hydrocarbons (DGH) to an oil hunter, signaling an end to the quasi-regulatory body’s confrontationist run under a bureaucrat appointed by former oil minister S Jaipal Reddy.
Read Also:  Top News Headlines of 15 August 2013

Top News Headlines of 14 August 2013
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