Current Affairs April 2015

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BHEL, Russian firm INTMA ink MoU to set up power plant in Kazakhstan

Bharat Heavy Electricals Limited (BHEL) has signed a memorandum of understanding (MoU) with a Russian company INTMA to set up a gas-based power project in Kazakhstan.

The MoU aims set combined path to execute projects of mutual interest in Russia and Kazakhstan.  In this regard, BHEL’s competence in design and manufacturing of power plants will play important role and INTMA’s strength in handling engineering procurement and construction contractors (EPC) contracts will implement the projects.

By signing this MoU, BHEL will be able to expand its footprint in the commonwealth of independent states (CIS) region.

At present, BHEL is has a presence in more than 75 countries and is executing 23 major projects in 16 countries. The state owned company is primarily engaged in manufacturing of power plant equipment like steam turbines, gas turbines, hydro turbines and boilers.

While, INTMA is Russia and Kazakhstan’s one of the leading general EPC.  It has wide experience in industrial construction, automation, renovation of facilities and other energy related sectors.

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Sachin Tendulkar inducted into Laureus Sports Academy

Indian cricket icon Sachin Tendulkar on 15 April 2015 was inducted into the prestigious Laureus Sports Academy.

Along with him four other sportspersons were inducted as new members in the Academy. They are

  • Yao Ming- Retired Chinese professional basketball player.
  • Tegla Loroupe- Kenyan long-distance runner.
  • Li Xiaopeng- Chinese gymnast.
  • Yang Yang- Former Chinese short track speed skater Yang Yang.

About Sachin Tendulkar

  • In his 24 year’s cricket career, he had played for India in 200 Tests, 463 One-Day Internationals (ODIs) and one Twenty20 International.
  • Test career: In 200 Test matches he had scored 15,921 runs at an average of 53.78. It comprised of 51 centuries and 68 half centuries. Highest test score was 248 runs (not out).
  • ODI career: In 463 ODI matches he had scored 18,426 runs at an average of 44.83. It comprised of 49 centuries and 96 half centuries. Highest ODI score was 200 runs (not out).

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Nokia announces to buy Alcatel- Lucent

Finnish telecom network equipment maker Nokia on 16 April 2015 announced acquisition of French telecom network firm Alcatel- Lucent.

This merger will create the world’s largest supplier of telecom equipment’s that powers mobilephone networks by surpassing Ericsson and Huawei.

As part of the deal,

  • The merged entity will be called Nokia and current Nokia Chairman Risto Siilasmaa will chair it.
  • Nokia will buy Alcatel- Lucent in an all-stock deal valued at 15.6 billion euros ($16.6 billion).
  • Nokia is going to give Alcatel-Lucent shareholders 0.55 shares in the merged company for each of their old shares.
  • In the combined entity Nokia shareholders will own 66.5 per cent shares of the company and Alcatel- Lucent shareholders will own 33.5 per cent shares.

The deal is likely to be completed in the first half of 2016. The combined company will have a total workforce of about 1.14 lakh employees.

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