Current Affairs For Bank, IBPS Exams - 23 April, 2014

Current Affairs For Bank, IBPS Exams

23 April, 2014

CS amongst top 10 global IT services companies

In a positive note to Indian IT industry, India's largest IT services provider, Tata Consultancy Services (TCS), has broken into the league of top 10 global IT services companies, moving from the 13th position in 2012 to the 10th spot in 2013.
Twelve years ago, when TCS' revenues were about $1 billion, then CEO S Ramadorai had laid out a vision to be among the top 10 by 2010.
According to experts, It's taken a little longer, partly because of the global financial slump of 2008-09, but the company has now got there, and considering the pace at which it is growing compared to its global counterparts, the ranking could get better fairly quickly in the years to come.
TCS is estimated to have IT services revenues of $10.1 billion (out of its total revenues of about $12.5 billion). IBM ($54.4 billion), Fujitsu ($32.1 billion), Hewlett-Packard ($29.2 billion) and Accenture ($25.4 billion) lead the list.
The research compares IT services, and excludes other areas such as BPO, R&D services and software/hardware products. And it uses figures for the four quarters of calendar year 2013. TCS rose to the 10th spot displacing Montreal-based IT services firm CGI.
India-based companies Cognizant, Infosys, Wipro and HCL are at the 15th, 18th, 20thand 25th positions, respectively, all of them rising by one to three spots compared to 2012. HfS Research believes that Cognizant could be in the top 10 in the next 2-3 years, may be at the expense of US IT company CSC. CSC's revenues last year had dropped compared to the year before

World senior snooker title

India's Chitra Magimairaj emerged champion in the senior category when she defeated Alena Asmolova of Belarus 3-0 in the final at the World Snooker championship held at Leeds.
Magimairaj, thus made up for a disappointing performance in the Open category as she drubbed Asmolova 57-32, 76-16, 42-9.
Earlier, in the semi-finals, Magimairaj beat fellow-Indian and Bangalorean Revanna Umadevi 2-0 after getting past Carmelita Yumito (Brazil) 2-1 and Jenny Poulter (England) 2-1, in the previous rounds.

Hatf-III

Pakistan conducted a successful training launch of short range surface to surface ballistic missile Hatf III (Ghaznavi) recently.
The missile can carry nuclear and conventional warheads to a range of 290 kilometres.
The successful launch concluded the field training exercise of strategic missile group of Army Strategic Forces Command.
As per the statement released by Inter-Services Public Relations (ISPR), the training launch was witnessed by Chairman Joint Chiefs of Staff Committee General Rashad Mahmood, Director General Strategic Plans Division Lieutenant General Zubair Mahmood Hayat, Commander Army Strategic Forces Command Lieutenant General Obaid Ullah Khan, Chairman NESCOM Muhammad Irfan Burney and other senior military officials and scientists.

Code Of Conduct On Communication

Naval chiefs from US and Asian-Pacific nations including Vietnam adopted a code of conduct aimed at improving communication at sea to reduce the possibility of conflict.
Citing Australian media reports, VNA said that the Code for Unplanned Encounters at Sea was approved by countries including the US, China, Japan, the Philippines, Malaysia and Vietnam at the Western Pacific Naval Symposium in China's eastern coastal city of Qingdao.
The pact outlines how naval ships should communicate and manoeuvre when they unexpectedly come into contact in sea lanes surrounding China, Japan and Southeast Asia.
Although not legally binding, the code of conduct is said to help establish international standards in relation to the use of sea lanes.