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Daily G.K. - Top Stories

23 Jul 2015

INTERNATIONAL AFFAIRS

Microsoft Posts Biggest Ever Loss

  • Microsoft Corp reported a $3.2 billion quarterly net loss, its biggest ever, as the company wrote down its Nokia phone business and demand fell for its Windows operating system.
  • The company took a charge of $7.5 billion in the fourth quarter related to the restructuring of its Nokia handset business, which it bought last year.
  • The company has been shifting its focus to software and cloud services as demand for its once-popular Windows operating system slows.

Greek Parliament Passes Crucial Reforms

  • The Greek parliament passed a legislation on a second batch of reforms needed to help unlock a huge international bailout for the country`s stricken economy.
  • The bill, which includes civil justice reforms, a bank deposit protection scheme and measures to shore up the liquidity of the banks, was backed by more than 200 MPs, a clear majority.
  • Tsipras had to rely on opposition MPs to pass the first bill, which approved sweeping changes to debt-crippled Greece`s taxes, pensions and labour rules, key conditions for opening talks on a bailout worth up to 86 billion euros ($93 billion) over three years.
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ENVIRONMENT

Tree of 40 Fruits

  • Van Aken has spent nine years working on his Tree of 40 Fruits, and now 14 such trees exist.
  • He didn't create them through genetic engineering though. Instead, he's used a technique that's thousands of years old ‘grafting’.
  • Grafting involves collecting young shoots or cuttings from trees and then inserting these budding branches into strategic points on a base tree.
  • According to Van Aken, grafting is often successful because of the similar chromosomal structure of stone fruit trees.
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BUSINESS AND ECONOMY

HUL Q1 Profit Growth Flat

  • India's largest consumer products company, Hindustan Unilever (HUL), whose financial results act as a barometer to the consumer sentiment in the country, failed to meet market expectations on its June quarter performance as it reported a flat growth in net profit at Rs. 1,059 crore on a 5% growth in net sales at Rs. 7,973 crore.
  • The company maintained its underlying volume growth at 6%, but value growth was affected as HUL took price reductions in soaps and detergents, a category that contributes nearly half of the company's sales.
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SCIENCE & TECHNOLOGY

World First Bionic Eye Implant

  • Ray Flynn is the first person to get bionic eye implant with dry age-related macular degeneration.
  • It is also believed that he is the first human being to have the use of combined natural and artificial sight.
  • A team of British doctor performed the first bionic eye implant with the most common cause of sight loss at Manchester's Royal Eye Hospital.
  • The bionic eye implant works by converting the video images captured by a miniature camera mounted on glasses worn by the patient.

Soyuz Spacecraft Successfully Launched

  • Three astronauts aboard a Soyuz spacecraft successfully launched towards the International Space Station after a two-month delay caused by a Russian rocket failure.
  • The spacecraft blasted off on schedule from Russia's Baikonur cosmodrome, carrying cosmonaut Oleg Kononenko, US astronaut Kjell Lindgren and Kimiya Yui of Japan.
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NATIONAL AFFAIRS

India plans to Remove Iran from Prior Referral Category

  • India is likely to remove Iran from the prior referral category to facilitate easy and quick visa for its nationals.
  • President Hassan Rouhani has been assured by Prime Minister Narendra Modi of removing Iran from the prior referral category so that its nationals can get visas quickly and easily.
  • The move comes in the wake of an agreement reached between P5 + 1 and Iran to cap the latter's nuclear programme.
  • Prior referral category country means visas are issued by the respective Indian missions and consulates after running a thorough background check on individual applicants.
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