Axis Bank launches e-Wallet card

         Axis bank has launched e-wallet card,an innovative solution for online payments.The card is an electronic payment service offered free of cost by the bank to its customers.It works like any other credit or debit card for making online payments.It can be created instantly,using Axis bank’s internet banking , & can be used for making payments on all websites that accept visa cards.

Eight Indian Companies featured in World's 500 Largest Companies compiled by Fortune Magazine

Eight Indian companies, including Indian Oil Corporation (IOC) and Mukesh Ambani-led Reliance Industries Limited (RIL) featured in the list of the world's 500 largest companies compiled and released by Fortune magazine on 11 July 2011. The other Indian companies on the list are: SBI (282), BPCL (307), HPCL (354), Tata Steel (410), ONGC (413) and Tata Motors (442).

Indian Oil is at the 98th spot, up from 125th place last year. Mukesh Ambani-led Reliance Industries also improved its ranking from previous year's 175 to 134th position. Indian Oil raked in annual revenues of USD 68,837 million while that of Reliance Industries stood at USD 58,900 million.

In the latest ranking, except State Bank of India, all other entities have improved their positions. 
Tata Motors has made an entry into the list for the first time this year. The list also features Citigroup, ArcelorMittal, Pepsico and Motorola, led by people with Indian roots.

Out of the eight Indian companies in the list, five are state-run entities.

Fortune's global list of world's 500 largest companies for 2011, compiled on the basis of latest annual revenue figures, is topped by retail giant Wal-Mart Stores. The retailer had annual revenues of USD 421,849 million.

Wal-Mart Stores is followed by Royal Dutch Shell (USD 378,152 million) and Exxon Mobil (USD 354,674 million) at second and third positions, respectively.

The other companies in the top ten are as follows: BP (4), Sinopec Group (5), China National Petroleum (6), State Grid (7), Toyota Motor (8), Japan Post Holdings (9) and Chevron (10).

Prahar missile successfully test fired

“Prahaar” the new surface-to-surface missile with a range of 150 km, was test-fired for the 1^st time from the integrated test range at Chandipur,Orissa. Prahaar carries a 200-kg conventional warhead. Prahaar can carry different types of conventional warheads. Six Prahaar missiles can be launched in salvo mode in different directions. The missile has a quick reaction time, that is, it can be launched within a few minutes. It has sophisticated inertial navigation, guidance and electro-mechanical actuation systems. Its onboard computer helps it to home in on the targets with an accuracy of 10 metres.

QUIZ

1. This term is derived from Latin words ‘com’ meaning together and ‘merx’ meaning goods. – Commerce
2. A type of buyout wherein an investor, typically financial sponsor, acquires a controlling interest in a company’s equity and where a significant percentage of the purchase price is financed through borrowing. –Leveraged Buyout
3. Which bank was instrumental in starting the Pratham Grameen Bank. An initiative to spread banking to rural India. – Syndicate Bank
4. Print ad with caption ‘Every supermodel’s favourite airline’ (The hint given was the text font) – Indigo
5. What was started in 1834 at London’s East End by Charles Henry with initial emphasis on tea. – Harrods
6. Which organisation started the game ‘Moon Base Alpha’ to teach small children more about the moon. –NASA
7. Which famous politician was associated with Vedanta Resources before joining the cabinet in 2004. –  ’P. Chidambaram’ 
8. Photo Identify.   -                              Urusula Burns of Xerox


9. What started in India after a noted silver shortage after World War I which is been followed even today. – ‘Introduction of Currency Notes’
10. Who invented the carbon microphone along with Alexander Graham Bell specifically being mentioned for his other prominent inventions. – ‘Thomas Alva Edison’
11. What did Father de Cruz bought from China in the early sixteenth century and introduced to the entire Europe. – Tea
12. Picture identify – ‘Muthuraman of Tata Steel’
13. A branch of mathematics deriving its name from the fact that it was specifically used within the state. –‘Statistics’
14. What did Reuben H. Donnelly start which is now widely being used in almost all the homes and offices. –‘Yellow Pages’
15. ‘Come out and play’ is the tagline for which sporting event occurred in 2010. – ‘Commonwealth Games’
16. Which Padmashree award winner wrote the book ‘How I taught my Grandmother to teach and other stories’ - ’Sudha Murthi’
17. What does NEFT stand for – ‘National Electronic Fund Transfer’
18. What did Kailash and Sanjai Katkar started which is now one of the most  widely used security measures. – ‘Quickheal’
19. In Danish this means ‘Krating Daeng’ . Which syrup is been referred to which was initially used as a medicine. – ‘Red Bull’