World Last Week: 21 July’14- 27 July’14

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Presenting you the top news that you may have missed last week. Glance down:

  • Canada’s ‘Express entry’ immigration system to be a boon for skilled immigrants

Applicants can submit an ‘expression of interest’ to the Canadian govt; their resume and details will be entered into a database under the new system.

  • PM to out to make strong fashion statement in US; has roped in Mumbai-based fashion designer Troy Costa

Narendra Modi out to make strong fashion statement in US, hires high-profile designer Troy Costa. The designer’s clients include the Bollywood Khans and members of the Ambani family.

  • Sundar Picha, Amit Singhal, and Sridhar Ramaswamy are among the key people who run Google

Trio Amit Singhal, Sundar Pichai, Sridhar reports directly to Larry Page. They are part of what is popularly called the L-Team at Google – ‘Larry’s team’.

  • Flipkart, India’s biggest online retailer sets a new benchmark, raises $1 billion in fresh funds

Half of the amount will come from Tiger Global, Russian billionaire Yuri Milner’s DST and Accel Partners while rest will come from several new investors.

  • Narendra Modi government’s small reforms with big impact

Modi govt’s big-bang reforms are missing a clutch of small policy changes that will greatly improve business climate and citizens’ lives.

  • Major reforms on the cards: RBI may allow telecom companies, NBFCs to set up banks

RBI’s first reform proposal will potentially enable the likes of Future Retail and Idea Cellular to set up Payment Banks.

  • Reserve Bank of India to identify six systemically important bank

Punjab National Bank, Citibank, SBI, Standard Chartered, ICICI Bank and HDFC Bank may be among the six, according to consultants and analysts.

  • Malaysian airliner downed in Ukraine war zone, 298 dead

Washington suspected that the missile that downed a flight from Amsterdam to Kuala Lumpur was fired by Ukrainian separatists backed by Moscow.

  • Growth looks up, inflation cools:Economy report after one month of Modi government

A series of good data numbers have come out in recent days that suggest the economy is picking up from decade-low growth rates in the past two years.

  • TCS takes on global IT players

TCS today crossed the Rs 5 lakh crore mark or about $84 billion in M-cap, becoming the fourth largest player globally in the software segment.

  • Sensex, Nifty may hit fresh lifetime highs in next 8 sessions

Analysts are very positive on the fact that there is a big story in the market from a GDP-led earnings growth, which is yet to play out.

  • ‘Malaysia Airlines MH17 crash’

Malaysia Airlines said 283 passengers and 15 crew were aboard the plane — including 154 Dutch nationals, 28 Australians, 43 Malaysians and 12 Indonesians.

  • TCS market capitalization crossed past Rs 5 lakh crore, larger than other Tata Group cos put together

Combined market cap of other 4 IT players in the pecking order including Wipro, HC, Infy, Tech & Tech Mahindra was Rs 4,88,066 cr.

 

Source: economictimes.com

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