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Daily G.K. - Top Stories

12 Aug 2015

INTERNATIONAL AFFAIRS

Sundar Pichai Named Google's New CEO

  • India-born Sundar Pichai will be the new CEO of Google under a major restructuring at the technology giant.
  • Co-founder Page announced the formation of a new parent company Alphabet Inc which will replace Google as the publicly-traded entity and all shares of Google will automatically convert into the same number of shares of Alphabet, with all of the same rights.
  • Google will become a wholly-owned subsidiary of Alphabet, which will have Page as CEO and co-founder Sergey Brin as President.

Japan Ends Nuclear Shutdown

  • Japan switched on a nuclear reactor, ending a two-year shutdown in the country that was sparked by public fears following the 2011 Fukushima crisis, the worst atomic disaster in a generation.
  • The reactor, operating under tougher post-Fukushima safety rules, is expected to start generating power by Friday.
  • The restart comes more than four years after a quake-generated tsunami triggered meltdowns at the Fukushima plant, prompting the shutdown of Japan`s stable of reactors and setting off a pitched battle over the future use of atomic power.
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ENVIRONMENT

Rare White Humpback Whale Spotted

  • A rare white humpback whale was sighted north of Australia's Gold Coast.
  • There was speculation whether it was the world famous white whale called Migaloo. This beast was first spotted in 1991, and until recently was the only known albino humpback, among a population of about 23,000 whales that pass by the Gold Coast on their way from Antarctica to warmer waters to the north.
  • But Sea World marine sciences director Trevor Long confirmed that it was another albino mammal.
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BUSINESS AND ECONOMY

State Bank of India Q1 Net Profit Rises

  • State Bank of India reported a 5.9 percent increase in net profit at Rs. 4,713.57 crore for the first quarter ended June on the back of a decline in bad loans.
  • The bank registered a consolidated net profit of Rs. 4,448.15 crore in the same quarter last year.
  • The bank's provisions for bad loans fell to Rs. 3,358.58 crore as against Rs. 3,903.41 crore in the year-ago period.
  • Its gross non-performing assets (NPAs) dropped to 4.29 percent of total advances at the end of June.
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SCIENCE & TECHNOLOGY

ISS Cosmonauts Successfully Complete Spacewalk

  • Two Russian cosmonauts serving aboard the International Space Station completed a spacewalk without incident.
  • Gennady Padalka and Mikhail Kornienko spent 5 hours, 31 minutes outside the craft.
  • Padalka, made his ninth spacewalk, while it was the second excursion for Kornienko.
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SPORTS

Sania Mirza to be Awarded Rajiv Gandhi Khel Ratna

  • Sania Mirza is set to be awarded the Rajiv Gandhi Khel Ratna Award.
  • It is a new feather in the cap for the women's doubles player who is ranked No. 1 in the world.
  • Mirza's has already been conferred with Arjuna Award in 2004 and Padma Shri in 2006.
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NATIONAL AFFAIRS

Government Seeks Rs. 640 crore from Nestle

  • The consumer affairs department filed a complaint against food major Nestle India with the National Consumer Disputes Redressal Commission seeking damages of Rs. 640 crore alleging that the company sold unsafe and hazardous products, Maggi noodles, to millions of consumers endangering their health. It has also alleged the company indulged in misleading and deceptive advertisements and also resorted to unfair trade practices to earn unjust profits.
  • NCDRC on behalf of consumers has appealed to the apex commission to direct Nestle India to deposit the amount in Consumer Welfare Fund as permissible under the Consumer Protection Act.
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