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Current affairs on 25 May 2017

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Companies Current Affairs

Apple tops $800 bn market cap for first time

  1. After crossing $700 billion thresholds twice, Apple Inc became the first US company to top the $800 billion mark in market capitalization slightly more than two years. 
  2. The iPhone maker's shares have gained 33 percent this year and almost 50 per cent since November 2016.
  3. Company now represents about 4 percent of the $21.7 trillion that makes up the entire S&P 500 index.
Current affairs on 25 May 2017

Economy Current Affairs

Israel aerospace industries signs $630 million deal with India

  1. Israel Aerospace Industries (IAI) has closed another major deal worth 630 million US dollar with India to supply advanced long-range air and missile defense systems for four ships of the Indian Navy. 
  2. The LRSAM is a joint development by IAI and India’s Defence Research and Development Organisation (DRDO). The system provides the ultimate protection against a variety of aerial, naval and airborne threats. The deal, a major boost to the ‘Make in India’ campaign.

Karnataka Bank inks pact with LIC

  1. Karnataka Bank Ltd has entered into a Memorandum of Understanding (MoU) with Life Insurance Corporation (LIC) of India for selling life insurance products of LIC.
  2. The bank signed the corporate agency agreement with LIC in Mangaluru, Karnataka, thus now will be able to provide the vast choice of life insurance products to its customers across all its 769 branches with this MoU.

Finance Current Affairs

DIPAM launches online investor facilitation platform

  1. The Finance Ministry launched an Investor Facilitation Platform that will provide information about stocks of public sector units. 
  2. The platform will be an interactive forum for all stakeholders, including investors, investment banks, law firms, public sector units and administrative ministries that are involved in stake sales. 

HDFC Life launches AI-based insurance email bot 'SPOK'

  1. In order to improve customer experience, while providing the support staff with the bandwidth to focus on customer satisfaction, HDFC Life announced the launch of an artificial intelligence-based application 'SPOK' that can automatically read, understand, categorize, prioritize and respond to customer emails sent to the private insurer.
  2. 'SPOK', an insurance email bot, can read customer queries within milliseconds and respond to them.

General Current Affairs

Cochin Port Trust bags two awards

  1. Cochin Port Trust has received two Best Performance Awards from Ministry of Shipping for the highest growth in operating surplus and also for achieving third highest growth in cargo traffic among the major ports in the year 2016-17.
  2. The awards were received from Union Minister for Road Transport and Highways and Shipping Nitin Gadkari by P Raveendran, Chairman, and A V Ramana, Deputy Chairman, Cochin Port Trust at a function held at Goa Port Trust.

First woman to scale Mt Everest twice in 5 days

  1. Arunachal Pradesh mountaineer Anshu Jamsenpa has become the world’s first woman to scale Mt Everest twice in five days.
  2. Her ascent of the world’s tallest peak in the Himalayas at 7.45 am on 21st May 2017 was her fifth overall and the second after 16th May 2017.

India's Rohan Chakravarty won WWF International President’s Award 2017

  1. Rohan Chakravarty, a wildlife and environment cartoonist from India, has won WWF International President’s Award 2017 in a ceremony that was held recently in Manado, Indonesia for his efforts to change attitudes towards nature.
  2. The award is the top accolade given by WWF (World Wildlife Fund) to recognize leadership in young conservationists who are under the age of 30 from around the world.

Ringling Bros. and Barnum & Bailey Circus performed last Act

  1. Iconic 146-year old American circus that was promoted as ‘The Greatest Show on Earth’ by its promoters and presented its last show on 21 May 2017
  2. The circus that was established on 10 April 1871 went out of business responding to a prolonged slump in ticket sales that has rendered the business unsustainable.

International Current Affairs

Japan cabinet approves bill allowing emperor’s abdication

  1. Japan's cabinet approved a bill that would allow Emperor Akihito to step down, paving the way for the first abdication by a Japanese emperor in nearly two centuries.
  2. Thus, now Abdication must take place within three years of the bill becoming law.

Sports Current Affairs

Alexander Zverev win Italian Open title

  1. The 20-year-old Alexander Zverev defeated the world no. 2 ranking player Novak Djokovic 6-4, 6-3 to win the Italian Open, 2017. The final was held in Rome, Italy. 
  2. Zverev became the youngest player to win a Masters 1000 event since Djokovic won in Miami a decade ago at 19. 

Jhulan Goswami becomes world's highest wicket-taker in ODIs

  1. Indian fast bowler - Jhulan Goswami and ICC Women’s Cricketer of the Year award winner in 2007, became the leading wicket-taker in Women’s ODIs after taking her 181 wickets and thus going past Australia’s Cathryn Fitzpatrick record of 180 wickets. 
  2. She now has 181 wickets in 153 matches at an average of 21.76 with two five-wicket and 4 four-wicket hauls.

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