1. BCCI not to terminate CSK, Rajasthan Royals
The BCCI has decided not to terminate Chennai Super Kings and Rajasthan Royals. The teams will come back after the two-year suspension.
The BCCI will include two new teams in place of CSK and RR in the coming IPL season.
IPL will feature 10 teams from 2018.
Mobile company Vivo replaces Pepsi as title sponsors of IPL.
BCCI Annual General Meeting to take place on November 9 in Mumbai.
2. Shreehari Aney appointed as Advocate General of Maharashtra
Maharashtra government has appointed Shreehari Aney as the Advocate General (AG) of the state as per provisions of Article 165 of Constitution. He will succeed Sunil Manohar who had resigned in June 2015, seven months after he took over the constitutional post citing personal reasons.
3. MK Surana appointed as the CMD of Hindustan Petroleum Corp Ltd
MK Surana was appointed as the Chairman and Managing Director (CMD) of state-run oil marketer Hindustan Petroleum Corp Ltd (HPCL) with effect from April 2016. He will succeed current incumbent Nishi Vasudeva who will retire in March 2016.
Surana is currently serving as the Chief Executive Officer of Prize Petroleum Co, the oil exploration arm of HPCL. He has been executive director with HPCL since September 2012 and will get a five year term that can be extended up to his retirement age of 60 years in April 2022.
A Mechanical Engineer by profession, Surana is a refineries man and had also served as the General Manager of Projects for Vishaka Refinery of HPCL.
4. MTS planning Rs. 1 lac accident insurance for new customers
Sistema Shyam Teleservices (SSTL), which operates under MTS brand, is in final stage of discussion with Oriental Insurance company to provide Rs. 1 lakh accidental insurance cover to its new data subscribers.
Both MTS and Oriental Insurance have firmed up this deal and will be made operational any time this week.
The insurance cover will be given to those who buy MTS dongle for wireless Internet services available for Rs. 1,299 and Rs. 1,499 at no additional cost.
The scheme will be rolled out across all nine circles where MTS has operations. These include Delhi, Rajasthan, Gujarat, Kerala, Karnataka, Tamil Nadu, UP West, Kolkata and West Bengal.
Insurance policy will become active within seven working days from the date of activation of MTS data dongle and will be valid for one year.
The insured amount will be payable to the nominee of the customer as per records
5. Reliance to Start Selling Its 'Lyf' 4G Smartphones From DiwaliReliance Industries has already pumped in close to Rs. 93,000 crore into its telecom venture under the 'Reliance Jio' brand and will start selling its 4G handsets under the Lyf brand from Diwali.
It substantially completed our network expansion now having already completed 2.5 lakh route kilometers. We are on course to begin distribution of the handsets under the Lyf brand name from Diwali.
When asked about how much the company has spent out of its Rs 1 trillion capital into the telecom venture, Reliance Group deputy CFO V Srikanth said it has almost completed the capex by spending close to Rs. 93,000 crore so far.
But, he ruled out any fresh capital infusion into the telecom venture saying the company is well-capitalised now.
6. Rajasthan notifies quota for Gujjars, SBCs
Rajasthan government has issued a notification to provide five per cent quota to Gujjars and other Special Backward Classes (SBC) for which the Assembly has passed a bill last month.
The notification, issued last night by the Department of Personnel, states that Rajasthan Specific Backward Classes (Reservation of seats in Educational Institutions in the state and of Appointment and Posts under the state) Act, 2015 (Act No 32) comes into effect from October 16.
The Act will provide 5 per cent reservation in jobs and educational institutes to Gujjars, Banjara, Raibari, and Gadiya Lohar communities in the state.
On September 22, the state assembly had passed two separate bills for providing five per cent quota to SBC, and 14 per cent to Economically Backward Classes (EBC) of unreserved categories, sparking a controversy as it crossed the 50 per cent quota cap.
The second bill of EBC is yet to get the Rajasthan Governor’s approval.
Criticising the government’s move, Congress leader Sachin Pilot had said it was a “tragedy” that despite knowing very well that there is no provision in the Constitution for economically backward people to get reservation, the BJP government has made a “farcical attempt”.