Daily GK Potion – 24th and 25th October 2014

  1. Government cleared 20 FDI proposals
    • Finance Ministry has cleared 20 FDI proposals worth Rs. 988 crore.
    • The proposals of Fresenius Kabi Oncology for Rs 119 crore and Amneal Pharmaceuticals Company’s for up to Rs 205 crore have been approved by the Foreign Investment Promotion Board (FIPB).
    • Indusind Bank’s proposal seeking increase in foreign investment in the bank to 74 per cent has also been cleared.
  2. Adidas India appoints Dave Thomas as its new CEO
    • Dave Thomas has been appointed as the new managing director of Adidas group India. He succeeds Erick Haskell.
  3. Murli Lanka is Walmart India’s COO
  4. Center government cleared defence projects worth Rs. 80000 crore
    • As per the information, six submarines will be made indigenously and over 8,000 Israeli antitank guided missiles and 12 upgraded Dornier surveillance aircraft will be purchased.
    • Major decisions were taken in favour of Navy who was in dire need of up-gradation and capability enhancement.