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CURRENT AFFAIRS DETAILS

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1 Indian-Origin Anant Yardi Takes Over As CEO Of Bankrupt WeWork

Anant Yardi, an Indian-origin software tycoon, has become the new CEO of WeWork after acquiring a majority stake in the company. This change in leadership comes as WeWork navigates bankruptcy.

Mr Yardi, an IIT-Delhi alumnus, has invested over $200 million in equity and debt into WeWork over the past two years, according to the Financial Times. Founded in 2010 by Adam Neumann and Miguel McKelvey, WeWork once had a peak valuation of $47 billion but filed for bankruptcy in November 2023, dropping its valuation to $750 million by April 2024.

01-Jun-2024 News in Details
2 World Milk Day 2024

World Milk Day 2024: Milk is an integral part of our culture. It is extremely nutritious and is easily accessible to all. The dairy industry ensures that everyone has abundant access to milk and other dairy products. In many cultures, milk and dairy products are regularly consumed. From drinking to cooking to making different edible food items, milk is important. Every year, World Milk Day is observed to create awareness about the significance of the dairy industry. As we gear up to celebrate the special day, here are a few things that we should keep in mind.

01-Jun-2024 News in Details
3 Reliance Industries to begin construction on India’s first multimodal logistics park near Chennai

Conceptualised 12 years ago, India’s first Multimodal Logistics Park at Mappedu near Chennai will see the limelight as Reliance Industries starts construction in June, according to multiple sources. In 2022, the company beat Adani Group to win the bid for the Rs 1,424 crore project on 184.27 acres of land in Tiruvallur district.

The project aims to facilitate efficient, cost-effective and value-added logistics services such as cargo aggregation and disaggregation, distribution, intermodal transfer, sorting, packing, and repacking. However, it did not take off due to the poor response from the private sector on issues like connectivity.

31-May-2024 News in Details
4 The Hindu’s ‘Made of Chennai’ campaign wins WAN-IFRA 2024 digital media award

‘Made of Chennai’, a brand campaign by The Hindu won in the ‘Best in Audience Engagement’ category at the WAN-IFRA 2024 Digital Media Awards Worldwide in Copenhagen, Denmark.

The awards ceremony held on May 27 acknowledged excellence and groundbreaking digital innovation across a range of categories that recognise the changing way people receive and engage with news.

In the online press release by WAN-IFRA, the jury members said: “The campaign is an amazing project connecting people and the city via comprehensive touch points across various media. A testament of how powerful a media platform could be when it’s used in a very creative way!”

31-May-2024 News in Details
5 China's 'One Person, One File': Road to digital totalitarianism

The Shanghai authorities proposed "One Person, One File" (OPOF) mass surveillance program represents an escalation of China's efforts to create a ruthless digital censorship. Under this prospective system, Shanghai aims to triple its deployment of facial recognition cameras, compiling exhaustive personal data files on every single resident, China experts told ET.

31-May-2024 News in Details
6 IIT-Bombay, TCS to build India’s first Quantum Diamond Microchip Imager

The Indian Institute of Technology Bombay (IIT-Bombay) has entered a strategic partnership with Tata Consultancy Services (TCS) to develop India’s first Quantum Diamond Microchip Imager.

This advanced sensing tool will hold the potential to unlock new levels of precision in the examination of semiconductor chips, reduce chip failures and improve the energy efficiency of electronic devices.

Over the next two years, experts from TCS will work with Dr. Kasturi Saha, Associate Professor in the Department of Electrical Engineering of IIT Bombay, to develop the quantum imaging platform in the PQuest Lab.

31-May-2024 News in Details
7 World No Tobacco Day 2024

World No-Tobacco Day is an annual event observed globally to raise awareness about the dangers of tobacco consumption and promote tobacco control measures. As per WHO, tobacco use is a major cause of death and disease in India, responsible for an estimated 1.35 million deaths annually.

It is an annual event observed globally to raise awareness about the dangers of tobacco consumption, promote tobacco control measures, educate people about the harmful effects of tobacco on health, encourage smokers to quit and protect non-smokers from second-hand smoke. Here is all you need to know about the history, significance, and key aspects of this annual observance.

31-May-2024 News in Details
8 DRDO Successfully Tests RudraM-II Missile

The Defence Research & Development Organisation (DRDO) successfully flight-tested the RudraM-II air-to-surface missile today. The missile was fired at 11:30 AM from a Su-30 MK-I aircraft of the Indian Air Force (IAF) off the coast of Odisha.

The missile test met all trial objectives, confirming the effectiveness of the propulsion system and control and guidance algorithm. The missile’s performance was validated through data captured by various range tracking instruments, including electro-optical systems, radar, and telemetry stations set up by the Integrated Test Range in Chandipur and on an on-board ship.

Defence Minister Rajnath Singh congratulated DRDO, the IAF, and the industry for the successful test flight, highlighting the missile’s role as a force multiplier for the Armed Forces.

30-May-2024 News in Details
9 India's first urban ropeway to be ready by August 2024

India's first ever urban ropeway in Uttar Pradesh's Varanasi is set to be ready by August 2024. In addition to cutting down on travel time, this ropeway project will provide an aerial view of the city.

The ropeway was officially inaugurated on March 24, 2022, by Prime Minister Narendra Modi. Under the 'Pravatmala Pariyojana' National Ropeways Development Programme, this project is being undertaken.

30-May-2024 News in Details
10 Indian Arm Wrestlers Win Seven Medals At Asian Championship 2024

The Indian arm wrestling contingent delivered an outstanding performance at the 2024 Asian Championship in Tashkent, Uzbekistan, bringing home a total of seven medals, which included one gold and six bronze.

Shrimant Jha, who competed in two categories, was the top performer for India. He won the gold medal in the left-hand para category and also bagged a bronze medal in the right-hand para category. Laxman Singh Bhandari won two bronze medals in the Masters category.

Sachin Goyal, who is one of the stars of the Baroda Badshahs franchise in the Pro Panja League and is hugely popular on social media, won a bronze medal in the competitive right-hand Senior category.

Ibi Lollen from Arunachal Pradesh clinched two bronze medals in the Women’s right and left-hand categories. Pramod Mukhi stood in fourth place in a fiercely intense bout.

30-May-2024 News in Details