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GK Updates for 27-04-2014

Published on Sunday, April 27, 2014
Going forward, economy can only become stronger

Asserting that the economy was going to become stronger due to efforts of the present UPA government, Finance Minister P. Chidambaram on Saturday said the current account deficit (CAD) has been brought down significantly to $32 billion and fiscal deficit contained within the target in 2013-14.

TCS' strength lies in diversity, but IT major has some kinks to iron out: Phil Fersht, HfS Research

TCS may make a major global acquisition to broaden its footprint to be a real force onshore for trans-formative deals. However, the question also remains: how "big" does TCS wants to be? The largest players in this space, HP and IBM, seem to be headed in the opposite direction, prepared to strip off some business to achieve stronger growth and profitability.

Financial Technologies completes sale of NBHC stake to IVF

Financial Technologies India Ltd. (FTIL), which has been looking to raise funds by selling non-core assets, on Saturday, said it completed the sale of its entire stake in subsidiary National Bulk Handling Corporation (NBHC) to IVF Trustee Company for Rs.241.74 crore. NBHC, a warehousing and collateral management company, has a pan-India presence, and operates 569 storage facilities with a capacity of over 1.47 million tonnes, FTIL said in a filing to the BSE.

Kane's Haunted Empire: Book says Apple without Steve Jobs an empire without an emperor.

The story follows an archetypal pattern — a pattern familiar in both history and myth. A struggling empire, on the brink of dissolution, recalls one of its founders from exile and casts him as a saviour. The ruler, ruthless and cunning as Odysseus, gathers the faithful and emboldens them to take startling risks that allow the empire to reach even greater heights than before.

Despite sporadic hate speeches by colleagues, Narendra Modi is repositioning himself as a leader for all.

As the long drawn out general election winds its way past the half-way mark, the rhetoric is getting more polarized, moving away from issues like corruption to communalism. Elections in Uttar Pradesh and Bihar were anyway framed around the narrative of the Muzaffarnagar riots which have driven a significant section of the populace into the BJP's fold, but Narendra Modi had kept his own message very simple and focused on governance, employment and economic growth.

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