Tech Mahindra forays into Mexican market

     1.    Tech Mahindra forays into Mexican market 

(i) Major IT Company Tech Mahindra has ente

red the Mexican market, where it will focus on industries such as telecom, banking, energy and manufacturing and help create about 500 jobs in the next 24 months.

(ii) The foray into Mexico is part of the company's expansion strategy in the Americas region. In Mexico, the company will offer solutions and consulting services focused on meeting the needs of customers in various industries. These include retail distribution and insurance, among others.

(iii) Tech Mahindra will form partnerships with local

universities, business schools and trade bodies to enable the creation of 500 jobs in the next 24 months 

    2.    India's ranking improves among high-risk nations: Analysis 

(i). India's long-drawn election campaign may have seen rhetoric reach new extremes of divisiveness but the risk of conflict and political violence in the country has significantly declined relatively to others, according to a global index that has red-flagged rising terror attacks in China as a growing cause of concern for prospective investors. 

(ii). India remains a high-risk country and is rated 18 on the places most risky to do business in according to the Conflict and Political Violence Index for 2014 compiled by London-based risk analytics firm Maplecroft.

(iii). But this is an improvement from ninth place on the political violence front among 197 countries in 2011, when it was categorised as an "extreme risk" nation.

    3.    Sensex, Nifty end at record highs on capital inflows

(i). The benchmark sensex on 9^th May crossed record 23,000 level for the first time but closed a tad lower at 22,994.23, posting its biggest single-day gain of 650.19 points since September 2013, on strong FII buying in banking, auto and power stocks ahead of election results next week.

(ii). In the day trade, the 30-share BSE barometer scaled its all-time high of 23,048.49 points as ICICI Bank, Tata Motors and Reliance Industries spurted.

(iii). The broad-based Nifty of the National Stock Exchange too spurted by 198.95 points, or 2.99 per cent to settle at record closing of 6,858.80. It touched an all-time intra-day high of 6,871.35 points, breaching previous record of 6,869.85 reached on April 25.