TopHeadlines04.11.2015POSTEDBYBANKERSGURUON

1. Global ratings agency Moody's InvestorsService has changed its outlook for India'sbanking system to stable from negativebecause of the gradual improvement in theoperatingenvironmentforIndianbanks.Theratings agency projected that India willrecordGDPgrowthrateof7.5%in2015and2016,and7.6%inFY17.

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2.TheReserveBankof IndiaappointedDeepakSinghalas itsExecutiveDirector.SinghalreplacedK.K.Vohrawhowill now look after theDeposit InsuranceandCreditGuaranteeCorporation(DICGC).

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3. Tata Motors, an Indian automobile car company has appointed Argentinean footballlegendLionelMessiasthenewglobalbrandambassadorforitspassengercars.

4.YukiBhambridefeatedsecondseedEvgenyDonskoy (Russia) towin theKPITMSLTAChallengerTennisTournamentinPune.

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5.ChinamadeanaviationhistoryasitunveiledcountrysfirstbighomegrownpassengerjetC919.WiththisChinajoinedanelitegroupofcountriescapableofmakinglargepassengeraircrafts.Itisa158seaterpassengerjet.

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6.MTSIndia,thewireless,broadbandandmobilecommunicationserviceprovider,merged

with Anil Ambaniled telecommunications entity Reliance Communications (RCom). Themain feature of this merger is that it has resulted in RCom having overtaken MukeshAmbaniledRelianceJioas theholderof thebiggestamountof800MHz4Gspectrum inIndia.

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7. Hockey India nominated its former President Vidya Stokes as the Life President.AccordingtotheconstitutionofHockeyIndiathelifepresident isanhonorarypostandwillnothaveanypowersandwillbeofanadvisorynature.

8.The first InternationalFilmFestival for thePersonswithDisabilities2015 (IFFPD2015)willbeheldinDelhifrom1Decemberto3December2015.Thefilmfestivalwillshowcasecinemasthatwillsensitiseandmakesocietyawareofissuesrelatingtodisabilities.

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9. Leading industrialist Brijmohan Lall Munjal and the founder of Hero Motocorp, world'ssinglelargesttwowheelermotorcyclemanufacturerbasedinIndia,passedawayattheageof92.

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10. Mana Patel of Gujarat and Maharashtra's Virdhawal Khade emerged as the bestswimmersofthe69thseniorNationalAquaticChampionship.Mana,whobrokehernationalrecord by 13 micro second in women's 50m backstroke race, was adjudged the bestswimmer in thewomen'scategoryof thecompetition.Maharashtra'sVirdhawalKhadewasdeclaredbestswimmerinmen'scategory.TheKarnatakaaquaticteamwonthebestteamaward.

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11.To help strengthen bilateral defence ties, the special forces of the US andNepalesearmies launched a monthlong joint military exercise codenamed Balance Nail 1601 inNepalsmountainousregions.ThetrainingwillenhancecombatingcapacityofNepalArmyaswellasexchangeknowledge,practiceandexperiencesbetweenthetwoarmies.

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