10th May 2019 Current Affairs

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Mukesh Ambani's Reliance Industries buys Global Toy Retailer Hamleys

  • Reliance Industries has acquired British toy retailer Hamleys, the energy-to-telecoms conglomerate from Hong Kong-listed C Banner International Holdings.
  • Reliance Industries runs the world’s biggest single-location crude oil refinery in western India.
  • Reliance Industries has been gradually transforming itself into a consumer-facing behemoth through its retail and telecoms ventures.
  • The toy seller runs 167 stores across 18 countries, the majority of which are in India.

Australian flight Carrier Qantas operates the 'world's first' zero waste flight

  • The Australian flight carrier ‘Qantas’ has operated the world’s first zero-waste commercial flight from Sydney to Adelaide.
  • ‘Qantas’ disposed of all waste through compost, reuse or recycle.
  • The Australian airline Qantas has planned to eliminate 100 million single-use plastics by the end of 2020 and reduce 75% of airline’s waste by the end of 2021.

Facebook Chooses London As Base For WhatsApp Payments

  • Facebook has chosen London as the centre for the global roll-out of WhatsApp pay, before the social media giant launches its digital payments service on the mobile messaging platform in India.
  • WhatsApp would hire nearly 100 people in London to focus on the digital payments service and additional operations staff would be hired in Dublin.
  • Facebook chose UK because it attracts a multicultural workforce from many of the countries where WhatsApp is widely used, such as India.

India Ratings Downgrades Yes Bank with Negative Outlook

  • India Ratings has downgraded the YES bank’s long-term rating to ‘IND AA-’ with a negative outlook, while reaffirming short-term rating.
  • ICRA has also downgraded the long-term ratings of the lender.
  • Accordingly, six instruments with a total borrowing of over Rs 33,000 crore were also downgraded.
  • Yes Bank had also reported its maiden loss of over Rs 1,506 crore in the March 2019 quarter, driven by a near 10-fold spike in provisions.

Esha and Akull won silver in the Shooting

  • India’s Esha Singh and Akull Kumar won silver in junior mixed air pistol event in the International Shooting Competition at Hannover, Germany.
  • They secured 5.4 points and defeated by the German pair of Jan Luca Karstedt and Vanessa Seeger.
  • It was the second mixed medal for Esha, after the one she won recently with Anmol Jain in Plzen, Czech Republic.

Amul to sponsor Afghanistan in 2019 World Cup

  • Indian giant ‘Amul’ has been announced as the principal sponsor of the Afghanistan cricket team for the 2019 World Cup in England and Wales (from 30th May to 14 July 2019).
  • The logo of brand Amul will appear on the leading arm of the Afghanistan team playing jerseys as well as on the training kits throughout the showpiece event.
  • The first time, Afghanistan Cricket team will play in the World Cup as a full member.
  • Anand Milk Union Limited (Amul) is an Indian dairy company (formed in 1948), based at Anand in the state of Gujarat.

Hari Menon appointed as Country Director

  • Bill & Melinda Gates Foundation has appointed Hari Menon as the Country Director for India, effective from May 24.
  • He takes over from Nachiket Mor, who held the position for the past three years.
  • Currently, he is the Director, Global Program Advocacy & Communications, based out of the foundation’s headquarters in Seattle.

Deborah appointed CEO of Recording Academy

  • Deborah Dugan has created history by becoming the first woman to head Recording Academy.
  • She has been appointed as Academy President and CEO and will replace Neil Portnow.
  • She is currently serves as co-chair of the award-winning storytelling nonprofit The Moth.
  • The new president will oversee all affairs of the Academy.

Indian Army to Commemorate 2019 As ‘Year of next of kin’

  • The Indian Army is commemorating this year as the ‘Year of Next of Kin’ and plans to reach out to the next of kin of battle casualties, ex-servicemen and serving soldiers to inform them of entitled financial benefits, welfare schemes and help resolve pension-related problems.
  • The Directorate of Indian Army Veterans will be the nodal agency

Renowned economist Baidyanath Mishra passes away

  • Renowned economist Baidyanath Mishra (99-years) passed away due to old-age related problems.
  • Mishra had started his career as a lecturer in Ravenshaw University in Cuttack in 1949.
  • Baidyanath Mishra was vice-chancellor of Odisha University of Agriculture and Technology (from 1981 to 1985) and chairman of the State Planning Board (1985 to 1990).
  • He was the chairman of the State Planning Board from 1985 to 1990.

Try out the quiz ?

1. Reliance Industries has bought global toy retailer Hamleys. Hamleys is the company of which country?

Correct! Wrong!

Reliance Industries has acquired British toy retailer Hamleys, the energy-to-telecoms conglomerate from Hong Kong-listed C Banner International Holdings.

2. Which flight carrier has operated the world’s first zero-waste commercial flight?

Correct! Wrong!

The Australian flight carrier ‘Qantas’ has operated the world’s first zero-waste commercial flight from Sydney to Adelaide.

3. Facebook has chosen which of the following city as the centre for the global roll-out of WhatsApp pay?

Correct! Wrong!

Facebook has chosen London as the centre for the global roll-out of WhatsApp pay, before the social media giant launches its digital payments service on the mobile messaging platform in India.

4. Who has downgraded the YES bank’s long-term rating to ‘IND AA-’ with a negative outlook, while reaffirming short-term rating?

Correct! Wrong!

India Ratings has downgraded the YES bank’s long-term rating to ‘IND AA-’ with a negative outlook, while reaffirming short-term rating.

5. India’s Esha Singh and Akull Kumar has won silver medal in junior mixed event in Germany. Both of them related with which game?

Correct! Wrong!

India’s Esha Singh and Akull Kumar won silver in junior mixed air pistol event in the International Shooting Competition at Hannover, Germany.

6. Amul will sponsor Afghanistan in World Cup-2019. Amul (Anand Milk Union Limited) is an Indian dairy company based in which state?

Correct! Wrong!

Indian giant ‘Amul’ has been announced as the principal sponsor of the Afghanistan cricket team for the 2019 World Cup. Anand Milk Union Limited (Amul) is an Indian dairy company (formed in 1948), based at Anand in the state of Gujarat.

7. Who has been appointed as Country Director for India by Bill & Melinda Gates Foundation?

Correct! Wrong!

Bill & Melinda Gates Foundation has appointed Hari Menon as the Country Director for India, effective from May 24.

8. Who has created history by becoming the first woman to head of Recording Academy?

Correct! Wrong!

Deborah Dugan has created history by becoming the first woman to head Recording Academy.

9. The Indian Army is commemorating which year as the ‘Year of Next of Kin’?

Correct! Wrong!

The Indian Army is commemorating this year as the ‘Year of Next of Kin’ and plans to reach out to the next of kin of battle casualties, ex-servicemen and serving soldiers to inform them of entitled financial benefits, welfare schemes and help resolve pension-related problems.

10. Baidyanath Mishra has passed away. He was a famous.............

Correct! Wrong!

Renowned economist Baidyanath Mishra (99-years) passed away due to old-age related problems.

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