Current Affairs

PM Narendra Modi's Nepal visit aimed at healing old wounds, building trust

  • PM Narendra Modi's third visit to Nepal within a period of three years shows his commitment to the neighbourhood first policy
  • He will call on Nepal President, vice-president and hold bilateral talks with his Nepalese counterpart


Nisha Bhalla conferred with 'WEF 2018' award

Mumbai (Maharashtra) [India], May 8 (NewsVoir): Women Economic Forum is the largest global gathering of women entrepreneurs and leaders worldwide. This annual event recognises the most successful women across all fields, with guests like Nobel laureate Ouided Bouchamaoui.

Nisha Bhalla, a 46-year-old holistic coach and consultant from Mumbai was felicitated at the recently concluded Annual WEF 2018 Awards, where she also spoke about 'Economics of Goodness in Giving and Philanthropy'. The event was held at Vivanta by Taj, Dwarka in Delhi from April 26 to May 1. Nisha was presented the 'Excellent Woman of Excellence' award for her spiritual service at the event on April 28.



China launches Gaofen-5 hyperspectral imaging satellite for atmospheric research

On 9 May 2018, at 2:28am, China launched Gaofen-5 (GF-5), a remote sensing satellite meant to conduct scientific research on the earth’s atmosphere. The launch took place using the Long March 4C, a three-stage rocket that can put 4,200kg into Low Earth Orbit (LEO), from Taiyuan Satellite Launch Centre in Shanxi province.

GF-5 was developed by the China Aerospace Science and Technology Corporation (CASC), and has a liftoff mass of 2700kg and a design life of 8 years. The satellite, which is China’s first high-resolution satellite for atmospheric observation, is also the first hyperspectral imaging satellite developed by China.



World Robot Conference to be held in Beijing

BEIJING, May 8 (Xinhua) -- The 2018 World Robot Conference will be held in Beijing from Aug. 15 to 19, authorities said Tuesday.

The event will see more than 12,000 competing teams from more than 10 countries and regions take part. More than 50,000 participants are expected to attend.

A robot competition will be held during the conference. Participants will compete in five categories in the competition.



India fastest growing economy at 7.4% in 2018, Bangladesh ranks 2nd: IMF

The International Monetary on Wednesday said that Indian economy would be the fastest growing major economy in 2018. The IMF said that with a growth rate of 7.4 per cent that rises to 7.8 per cent in 2019, the prospects for Indian economy are bright.

In its Asia and Pacific Regional Economic Outlook report, IMF said that India was recovering from the impact of demonetization and GST roll out and "the recovery is expected to be underpinned by a rebound from transitory shocks as well as robust private consumption."



15th Asia Media Summit begins in Delhi

The theme of the two-day Summit is  'Telling Our Stories – Asia and More.' Represenatives from 29 countries are participating in the Summit. An array of issues including media business models in new era and emerging technologies in broadcasting will be discussed during the two-day long summit. At the occasion, the union minister underlined the need to dehyphenate the need to generate revenue and the importance of retaining talent in the media industry. 

Smriti Irani also said that soon India will have over 90 crore internet users and the statistics warrant the importance of having proper rules, ethics and laws in place to ensure there is no monopoly of one dominant player in the industry. 

Bangladesh delegate Hasanul Haq Inu said that South Asian region needs to fight cyber crime. He stressed the importance to formulate a digital security act.



Prime Minister Narendra Modi ranked 9th among 75 most powerful globally in Forbes list, Xi Jinping tops

NEW YORK: Prime Minister Narendra Modi figures among the 10 most powerful people in the world in US magazine Forbes' 2018 list that is topped by Chinese President Xi Jinping, while Reliance Industries (RIL) Chairman Mukesh Ambani is the only Indian businessman

"There are nearly 7.5 billion humans on planet Earth, but these 75 men and women make the world turn. Forbes' annual ranking of The World's Most Powerful People identifies one person out of every 100 million whose actions mean the most," Forbes said.



WhatsApp has a new boss: Chris Daniels, the guy who’s been running Internet.org

Just one week after WhatsApp CEO and co-founder Jan Koum said he was leaving the company, Facebook announced his replacement: Chris Daniels will take over as the new VP of WhatsApp. He’s the Facebook product executive who has been running Internet.org, the company’s effort to bring free internet services to the masses.

Daniels has been with Facebook for more than seven years, and while he hasn’t worked on WhatsApp previously, the kind of stuff he has worked on has a lot of relevance.



NASA, Uber to Explore Safety, Efficiency of Future Urban Airspace

NASA has signed a second space act agreement with Uber Technologies, Inc., to further explore concepts and technologies related to urban air mobility (UAM) to ensure a safe and efficient system for future air transportation in populated areas.  

Under this agreement, Uber will share its plans for implementing an urban aviation rideshare network. NASA will use the latest in airspace management computer modeling and simulation to assess the impacts of small aircraft – from delivery drones to passenger aircraft with vertical take-off and landing capability – in crowded environments. 

This is NASA’s first such agreement specifically focused on modeling and simulation for UAM operations. 



Walmart loses $10 billion market cap after Flipkart buyout

Bengaluru: Walmart’s investors reacted negatively to news of the retail giant’s Flipkart buyout on Wednesday, wiping away $10 billion worth of Walmart’s market capitalization, as investors punished the stock in early morning trading on the New York Stock Exchange (NYSE).

In pre-market trading at around 6.30 pm IST, Walmart’s shares on the NYSE were down a little over 5%. Walmart’s market cap currently stands at $252 billion, according to stock data from NYSE. However, the stock of Walmart’s biggest rival in the US, Amazon, rose marginally in early market trade. Amazon’s market cap currently stands at $776 billion.

Earlier on Wednesday, Walmart said it had agreed to buy 77% of Flipkart for $16 billion, valuing India’s largest e-commerce firm at roughly $21 billion. Walmart, however, added that it expected operating losses as a result of the deal, along with a negative impact to its earnings per share.