Current Affairs Today - Current Affairs 2018

World’s oldest marathoner to retire

image World’s oldest marathon runner, 101-year-old Fauja Singh, from Ilford, east London, has announced retirement from the sport after taking part in the after Hong Kong marathon which will be held in February 2013. Singh is fondly known as ‘Turbaned Tornado’ among his fans.

He entered the records as the world’s oldest marathon runner after his show in Toronto marathon.

To know more about the ‘Turbaned Tornado’ Fauja Singh: Click Here.

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Exide Industries to acquire ING stake in Indian life insurance joint venture

Dutch banking and insurance group ING has decided to sell its 26% stake in an Indian insurance venture to local partner Exide Industries.

ING is in the process of selling all its Asian insurance and investment management operations. Exide would acquire ING’s 26 % percent in ING Vysya. It would also buy 24% from two other private Indian investors – Enam Group and Hemendra Kothari Group – for a total of about 5.5 billion rupees ($102 million).

Within the period of a year, ING is second company to exit Indian insurance market after New York Life sold its 26% stake in a life insurance joint venture with Max India to Japan’s MS&AD for about $530 million.

Why are these companies making exit from India?

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