Current Affairs – July, 2015

Latest Current Affairs July, 2015 with Current Affairs, news summary on current events of National and International importance of July, 2015 for Banking, SSC, CLAT, UPSC, State PCS, IBPS, Railways and other Competitive Examinations.

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India’s 10 companies in Forbes Asia Fabulous 50 list

Forbes Asia Fabulous 50 list released on the eve of its 10th Anniversary has listed 10 Indian companies which stands second after China in terms of number of companies listed.

This year’s list was also dominated by Chinese companies, over 25 Chinese companies made to the list against 16 last year.

China’s Tencent continued to be at the top on chart, which now worth $ 176.5 bn. South Korea has third highest number of companies with four firms after China and India, whereas Malaysia, Singapore, and Philippines have two firms each and Japan, Indonesia have one firm each on the list.

Indian companies that made to the list are: HDFC Bank, Tata Consultancy Services, HCL Technologies, Aurobindo Pharma, Lupin, Sun Pharma Industries, Motherson Sumi Systems, Tech Mahindra, Tata Motors and Titan.

Among the fifty companies HDFC Bank was named as Asia Fab 50’s “brightest star” as it has made to the list nine times that is more than any other company in the list.

Note: Forbes selects The ‘Fab 50’ companies from the pool of 1,116 firms that have at least $ 3 billion in annual revenue or market cap.

BHEL signs three MoU in Kazakhstan for power projects

Bharat Heavy Electronics Limited (BHEL) has signed three strategic agreements with Kazakhstan companies in order to deepen its roots in Central Asia.

MoU Signed:

MoU with JSC Samruk Energy:

  • BHEL will work with JSU on projects of mutual interest; JSU is the national power utility of Kazakhstan having a major share in the Kazakh power sector.

MoU with KUS:

  • BHEL will work with KUS in the energy sector for design and construction of power plants. KUS is one of the largest utility companies in the Kazakh power sector specifically work in power generation; transmission and sale of heat and electricity. It is owned by the $ 9 billion assets Ordabassy Group.

MoU with Kaznex Invest:

  • BHEL will work with Kaznex Invest for co-operation in executing projects in Kazakhstan.
    Kaznex Invest works under the Ministry of Investments and Development of Kazakhstan, it is national export and investment agency of Kazakhstan.

It should be noted that BHEL has been rapidly increasing its focus on the Commonwealth of Independent States (CIS) region and has successfully executed orders to its member countries.

Owing to projects in CIS region, Kazakhstan has emerged as favourable investment destination for BHEL, its regional office being located in Almaty, Kazakhstan.

Commonwealth of Independent States (CIS): It is an association of former Soviet republic formed after disintegration of Soviet Union in 1991 by Russia, Belarus and Ukraine. It includes Russia, Ukraine, Belarus, Kazakhstan, Tajikistan, Uzbekistan, Armenia, Georgia, Azerbaijan, Moldova, Kyrgyzstan, and Turkmenistan.