Current Affairs - 11th April 2014

“Knight grand cross” to Ratan Tata

Ratan Tata to be conferred with 'Knight Grand Cross', one of the highest civilian honors in Britain, by the queen Elizabeth. He is one of the five foreign nationals to receive the honor.

Israel to develop a Smartphone battery

Israel’s company StoreDot develops a battery which will charge the smartphone in 30 seconds. The battery is based on nano dots technology.

World Bank projection for India’s growth

World Bank in its latest edition “South Asia Economic Focus” has predicted that India’s economy will grow at a rate of 4.8% in 2014 and 5.7% in the fiscal year 2015.

India signs pact with Russia about diamond trade

India has signed a MoU with Russia to share data about the diamond trade. This comes when India is the largest processor of diamonds whereas Russia world’s largest rough diamond processor. The RBI recently liberalized the norms regarding the finances in rough diamond trade by allowing banks to extend advance remittance to Indian importers in favour of any global miners.

Interband best retail brands list 2013

Tanishq was the only Indian brand to have featured in 30 best retail brands in the Asia Pacific region of the Interband best retail brands list 2013. Tanishq is the jewelry brand of the Tata’s and it ranked at number 13 in the list.