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Daily G.K. - Top Stories

16 May 2017

INTERNATIONAL AFFAIRS

Edouard Philippe Named French PM

  • French President Emmanuel Macron has picked centre-right mayor Edouard Philippe as his Prime Minister. The appointment of Mr. Philippe, a moderate from France’s mainstream right-wing party Les Republicains, is seen as a strategic move that could secure the support Mr. Macron needs to win a majority in the 577-seat National Assembly, the lower house of Parliament, which goes to the polls next month.
  • This is the first time in the history of the Fifth Republic that a President has appointed someone from outside his own party without being explicitly required to do so by a parliamentary vote.

New Missile Can Carry Heavy Warhead

  • North Korea boasted of a successful weekend launch of a new type of medium long-range ballistic rocket that can carry a heavy nuclear warhead.
  • Amid condemnation in Seoul, Tokyo, Washington and Moscow, a jubilant North Korean leader Kim Jong-un promised more nuclear and missile tests and warned that his country’s weapons could strike the U.S. mainland and Pacific holdings.

Mahmoud Abbas to Seek PM Modi's Help

  • As per reports, Palestinian President Mahmoud Abbas will seek the help of Prime Minister Narendra Modi's good offices in reaching a solution to the Palestinian issue which will help in the fight against terrorism in that part of the world.
  • India has always reiterated its support for a political solution to the Palestinian issue.
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BUSINESS AND ECONOMY

HDFC Lowered Home Loan Rates

  • HDFC has lowered its mortgage pricing for new low-cost home loans prices by 15 bps to 8.35 per cent from 8.50 per cent for loan below Rs. 30 lakh for women borrowers and by 10 bps to 8.40 percent for men. The new rates will be applicable with immediate effect.
  • For loans between Rs 30 and Rs 75 lakh, the new rates will be 8.50 percent for all borrowers and for above Rs 75 lakh, new loans will be priced at 8.55 per cent.

SEBI Fines 8 Entities

  • Market regulator SEBI has penalised Rushil Decor, Corporate Strategic Allianz and six others for disclosure lapses in their IPO documents.

Companies Raise Record Rs. 6.41 lakh crore

  • Indian companies raised a record Rs. 6.41 lakh crore last fiscal through private placement of corporate bonds to meet business needs, a surge of 40 percent from the preceding year.
  • These funds have been raised mainly for expansion of business plans, repayment of debt and to support working capital requirements.
  • This is the highest ever fund raising by companies in a financial year since 2001-02.
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SCIENCE & TECHNOLOGY

World's Smallest Satellite

  • The world's lightest and smallest satellite, KalamSat, named after the former Indian President Dr. APJ Abdul Kalam, will be launched by NASA next month.
  • The satellite weighs just 0.1kg, and has been been built by an Indian teen Rifath Sharook, 12th-grade student.
  • As per reports, Sharook developed the satellite as part of a contest Cubes in Space, organised by NASA and idoodlelearning Inc, a global education company.
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SPORTS

Sharapova Guaranteed Spot in Wimbledon 2017

  • Maria Sharapova guaranteed herself a spot in the Wimbledon qualifying tournament with a first-round victory against Christina McHale at the Italian Open.
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NATIONAL AFFAIRS

Unannounced Action against Pakistani Terror Groups

  • Vowing to take action against Pakistan-based terrorist groups in the wake of increased attacks on Indian security forces, Rajnath Singh said that the Narendra Modi government would not let countrymen hang their heads in shame and respond without announcing.

Pratap Keshari Deb to Enter Rajya Sabha

  • Ruling BJD`s nominee Pratap Keshari Deb is all set to be elected to the lone vacant Rajya Sabha seat from Odisha as he filed his nomination for the May 25 by-poll. The ruling party also set in motion the process to get Pradip Kumar Amat elected as the Odisha assembly`s new Speaker.

CTS Ropes in Matt Friedrich

  • US-headquartered Cognizant Technology Solutions (CTS) has roped in Matt Friedrich as EVP, general counsel and chief corporate affairs officer.
  • In his earlier role, Friedrich served as chief corporate counsel at Chevron.
  • He worked for 14 years with the US Department of Justice in various roles.
  • Friedrich will be involved in all legal affairs, including working with the board on corporate governance and will be a member of the company's executive leadership group.
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