26 December 2015 Current Affairs
Dubai to host Multi -event Yoga initiative
Dubai is all set to host the city’s largest all inclusive yoga initiative, to help, encourage people to meditate and maintain the healthy lifestyle. The Yoga initiative will also encompass a two day mega festival of the body and mind-Xyoga Dubai Festival. The festival is scheduled to take place from February 19 and 20. The festival will host yoga classes such as Vinyasa Yoga to Acro Yoga as well as meditation and healthy eating workshops for complete beginners, pre-trained instructors, pregnant women, children, elderly and more.
IOC tops in Fortune 500 Indian Companies
Indian Oil Corporation Limited tops the list of Fortune 500 Indian companies 2015. IOC was followed by Reliance Industries in terms of revenue for the sixth consecutive year. IOC tops the list with an annual revenue of Rs. 4,51,911 crores, Reliance Industries with Rs. 3,82,565 crores. and Tata Motors with a revenue of Rs. 2,67,025 crore. SBI is in fourth place with a revenue of Rs. 2,57,289 crores. Bharat Petroleum ranked with an annual revenue of Rs, 2,40,367 crores.
Asian Infrastructure Investment Bank launched
The China initiated Asian Infrastructure Investment Bank (AIIB) has been officially launched in Beijing. and is expected to start operation in early 2016. It is the first major multilateral lender with developing countries holding the majority of shares and votes. The Bank’s President will be officially appointed and the management will be in place at the meetings. With authorised capital of 100 billion dollars, the AIIB will initially prioritise investment in energy, power generation, transportation, rural infrastructure, environmental protection and logistics.