Current Affairs For Bank, IBPS Exams - 10 December, 2013

Current Affairs For Bank, IBPS Exams

Star India bid Rs 1.92 crore per match for bilateral series, and Rs 61 lack per match for ICC-sponsored tournaments. The group now holds the rights from January 1, 2014, to March 31, 2017.
The rights include the right to be called the official team sponsor, and to display a commercial logo on the men's, women's, Under-19 and A teams' kits.
Star now holds all three important rights: broadcasting, series title and team sponsorship.

In 2013, ad spends in India registered a growth of 7.8% although they were predicted to grow 8.7% in December 2012, an estimate which was later revised to 7.8% in June this year.
Indian media companies will see ad revenues growing 11.3% next year with the internet again leading the growth at 31.4%, according to Magna Global’s annual advertising forecast for the year 2014.
The growth in television ad spends will be 10.4% while that for newspapers will be 8.8%. Magazine ad spend growth will be 2.3% while OOH will be 12.1% and radio at 11%. Cinema, given its lower base, will grow at 20%.
Last December, Magna Global had predicted an 8.7% growth for Indian ad spends. This was revised in June this year to 7.8%. The growth for 2012-13, although based on its current estimates, is 7.8%.
Magna Global is the strategic media unit of global media agency conglomerate IPG Mediabrands.
IPG Mediabrands is headed by Shashi Sinha in India.
The economic environment remained weak throughout 2013, but is still expected to improve in 2014, especially in the developed world which has experienced four years of slow growth and stubborn unemployment, according to the IPG Mediabrands firm. As per the International Monetary Fund’s World Economic Outlook projections, India should re-accelerate at 5.1% following 3.8% in 2013.

Global beverages and snacks major PepsiCo roped in former Nokia head for emerging markets, including India, D Shivakumar as its Chairman and CEO, India Region.
The company also elevated Gautham Mukkavilli, current General Manager for PepsiCo India Beverages, as Senior Vice President, Business Transformation AMEA (Asia, Middle East and Africa), effective March 1, 2014.
In this new role, Mukkavilli will oversee a range of strategic initiatives in both foods and beverages across Asia, Middle East and Africa.

State-run Indian Oil Corp has emerged as the country's biggest company in terms of annual revenue, followed by Mukesh Ambani-led private sector giant Reliance Industries at the second place, as per an annual list of Fortune 500 companies in India.
This year's list of the country's 500 largest corporations, compiled by the global business magazine Fortune's Indian edition, shows that there are as many as seven energy companies in the top 10 list.
Indian Oil Corp (IOC) was the biggest with annual revenue of Rs 4,75,867 crore, followed by Reliance Industries (RIL) with a full-year revenue of Rs 4,09,883 crore.
This is followed by Bharat Petroleum (Rs 2,44,822 crore) at the third place and Hindustan Petroleum (Rs 2,17,771 crore) at fourth.
Other entities in the list are State Bank of India (5th rank), Tata Motors (6th), Oil & Natural Gas Corpn (7th), Tata Steel (8th), Essar Oil (9th) and Coal India (10th).
Other companies in the list include Bharti Airtel (12th), ICICI Bank (14th), NTPC (15th), * Tata Consultancy Services (18th) and Infosys (27th).