OCT 28,2014

• The World Kabaddi League(WKL) announced that 23 players have reported for anti-doping rule violation in both in and out if competition tests.
• BSE is planning to make a foray into commodity exchange business, now dominated by Multi Commodity Exchange(MCX) and NCDEX.
• The Cabinet decided on relaxing foreign direct investment(FDI) norms in the construction sector.
• India to modernise Vietnam's defence forces.
• Umbrella Movement is now 1 month old in Hong Kong.
• ING Vysya Bank Managing Director and CEO, Shailendra Bhandari has resigned.Meanwhile the new CEO Uday Sareen.
• SoftBank kick-starting its plan to put in about $10billion in India, announced investment in home-grown market place Snapdeal and popular mobile app for cab booking Ola.
• Japanese firm Toshiba Corp, in collaboration with Electronic Corporation of India, has received an order to supply transportable Doppler weather radar system to the India Meteorological Department
  (IMD).
• SunEdison of the U.S., signed an agreement with the rajasthan Govt for setting up 5,000MW of solar power capacity by ways of multiple mega solar projects.Each project will have a capacity of 500MW or more.
• Shadeed Iron & Steel LLC(Jindal Shadeed), a wholly-owned subsidiary of Jindal Steel & power Ltd.
• Maruti Suzuki India launched the refreshed version of its popular hatchback Swift with 10% enhanced fuel efficiency,rich equipment list like push start button, a 60:40 split rear seat, electric retractable outside mirrors,reverse parking sensors and priced between Rs.4.42 lakh and Rs.6.95 lakh.
• Pakistan police have arrested 4 men for planning and financing the deadly attack on Karachi international airport in june that left 38 dead.
• Global Aircraft major Airbus Defence and Space and India's Tata Advanced System Limited(TASL) of the Tata group have jointly the Airbus C295 medium transport to replace the Indian Air Force's fleet of 56 Avro aircraft, an Airbus released.
• The green field unit Tube Investment of India(TII) to manufacture large diameter tube at the Tiruttani.Dubbed as 1 of the largest investment by the company in the south, the Rs.250-crore unit would manufacture a wide variety of cold drawn-welded and electric-resistance welding tubes of different diameter and thickness. 
• Wipro said it would strengthen its presence in Romania by increasing the headcount to 750 employees by December, 2015.
• The PHD Chamber of Commerce & Industry with Hannover Fairs India for their upcoming annual event. 
• Tunisian party Nida Tunis celebrates their victory in parliamentary elections in Tunis.
• Patrick Nayyar, an Indian citizen residing illegally in the U.S., has been handed down a 15-yr jail term by New York federal court for lending support to the proscribed Lebanese militant group Hezbollah.
• Myanmar has jailed 7 men for lynching 10 Muslim bus passengers in attack that sparked mass unrest between Buddhists and Muslims in the state of Rakhine 2yrs ago.

Source : THE HINDU