Saturday, 31 March 2012

"Fact News" India hosted the BRICS Summit for the First Time on 29 March 2012

India hosted the BRICS(Brazil, Russia, India, China, South Africa) summit for the first time on 29 March 2012. It was the fourth BRICS summit. It was held in Indian capital New Delhi. The summit was participated by Brazil, Russia, India, China and South Africa. The theme of the Summit was BRICS Partnership for Global Stability, Security and Prosperity. This was the first summit hosted by India.


The BRICS nations signed two major agreements during this summit. One was to boost trade among BRICS nations by offering trade in local currency. This will replace dollar as the main currency of trade among them. The other agreement was to set up a development bank on lines of multilateral lending agencies. Intra-BRICS trade is about 230 billion US dollars.


BRICS declaration(Delhi declaration) issued at the end of the summit says situation concerning Iran cannot be allowed to escalate into conflict. It said that the disastrous consequences of which will be in no one's interest. Declaration says BRICS recognises Iran's right to peaceful uses of nuclear energy and supports resolution of issues through dialogue.


The fifth BRICS summit will be held in March-April 2013 in South Africa. The first summit was held in Yekaterinburg, Russia in June 2009. The second summit was held in Brasilia, in April 2010. The third summit was held in Sanya, China in April 2011. BRICS was earlier known as BRIC. When South Africa joined the organisation in 2011 it became BRICS.
Source:jagran josh

"Sunday Special" The leading companies of India


India RankCompanyIndustryRevenue
(billion $)
Profits
(billion $)
Assets
(billion $)
Market Value
(billion $)
1Indian OilIndia Oil & Gas Operations68.830.5137.1916.74
2Reliance IndustriesIndia Oil & Gas Operations58.902.9163.8469.36
3Bharat PetroleumIndia Oil & Gas Operations34.100.1215.004.41
4State Bank of IndiaIndia Banking32.442.13369.5627.21
5Hindustan PetroleumIndia Oil & Gas Operations28.590.1515.582.55
6Tata MotorsIndia Consumer Durables27.629-0.4923.1317.93
7Oil and Natural Gas CorporationIndia Oil & Gas Operations26.943.8643.4551.82
8Tata SteelIndia Materials26.060.9630.3811.04
9Hindalco IndustriesIndia Materials14.380.0712.716.69
10Coal India LimitedIndia Oil & Gas Operations13.432.429.7375.0
11NTPC LimitedIndia Utilities10.011.5822.5936.320
12ICICI BankIndia Banking13.8120.70119.6921.07
13Bharti AirtelIndia Telecommunications Services11.891.5320.1123.00
14Larsen & ToubroConstruction10.390.7412.6519.90
15Essar OilIndia Oil and gas9.611.2210.9819.57
16Steel Authority of IndiaIndia Materials8.391.2210.9819.57
17Bharat Heavy ElectricalsIndia Capital Goods8.650.618.9625.24
18Mangalore Refinery and Petrochemicals LimitedIndia Refinery7.820.618.9625.24
19Maruti Suzuki India LimitedIndia Automotive7.490.618.9625.24
20Tata Consultancy ServicesIndia Software & Services7.571.024.9932.321
21Mahindra & MahindraIndia Consumer Durables7.390.277.375.96
22GAILIndia Utilities7.270.555.7910.98
23CPCLIndia Oil & Gas6.630.555.7910.98
24Sterlite IndustriesIndia Optical4.800.555.7910.98
25WiproIndia Software & Services6.9640.768.32921.53
26Punjab National BankIndia Banking6.230.6274.576.16
27Infosys TechnologiesIndia Software & Services6.041.177.0732.20
28Bank of BarodaIndia Banking5.150.4670.994.61
29HDFC BankIndia Banking5.5850.4465.48316.83
30Canara BankIndia Banking




This is a list of notable companies based in India. Eight Indian companies have been listed in the Fortune Global 500 ranking for 2011. The leading companies are in the second edition ofFortune India 500 ranking for 2011.
Source:Wikipedia