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CURRENT AFFAIRS DETAILS

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1 Wipro, IIT-Kharagpur partner for advanced research in 5G and AI

IT services major Wipro on Thursday said it has partnered with IIT Kharagpur to collaborate on industry-focused applied research in the areas of 5G and artificial intelligence (AI).

Research outcomes from this partnership will be leveraged by Wipro to develop solutions for its customers, across industry verticals, Wipro said in a statement.

Indian Institute of Technology (IIT), Kharagpur on the other hand will benefit from the commercialisation of the joint research insights and Wipro's industry expertise.

"Wipro and IIT Kharagpur will jointly take up applied research projects on industry challenges related to the design, planning and operations of 5G networks and cognitive information processing for the automation of these processes and 5G use cases," the statement said.

29-Mar-2019 News in Details
2 Adani Ports rallies 3% on clocking record 200 MMT cargo movement

Shares of Adani Ports rallied more than 3 percent intraday on March 28 after the company became the first Indian port operator to record 200 Million Metric Tons (MMT) cargo movement.

"Our projections were to reach this milestone by 2020 but we could achieve it ahead of schedule courtesy the tech-driven operational efficiency and enhanced asset utilisation. Robust capacity addition at our leading ports such as Dhamra and Mundra as well as deepening presence closer the hinterland with new facilities such as Ennore and Kattupalli played a critical role in this journey," Karan Adani, Chief Executive Officer (CEO) said in a BSE release.

The multi-port operator has a portfolio of eight ports/terminals across India. The company now wants to double the cargo handling to 400 MMT by 2025.

At 1252 hours, the stock was quoting at Rs 377.55, up 3.24 percent on the BSE.

29-Mar-2019 News in Details
3 Nobel Laureate Amartya Sen awarded Oxford University Bodley Medal

Nobel Prize-winning economist Amartya Sen has been awarded the prestigious Bodley Medal, the highest honour bestowed by the University of Oxford's world-famous Bodleian Libraries. The Medal is awarded to individuals who have made outstanding contributions to the fields in which the Bodleian is active, including literature, culture, science and communication.

"The honour was awarded (to Sen) during the Founder's Lunch on 15 March, an annual event commemorating the birth of the Libraries' founder, Sir Thomas Bodley, and his legacy of philanthropy," the Library said in a statement on Wednesday.

The 85-year-old winner of the Nobel Memorial Prize in Economic Sciences, who is the Thomas W Lamont University Professor at Harvard University and a member of faculty at Harvard Law School, received the Medal from Lord Patten of Barnes, Chancellor of the University of Oxford, and Bodley's Librarian Richard Ovenden.

This year's other winner of the Bodley Medal is Nobel Prize-winning novelist Kazuo Ishiguro, who will hold an in-conversation event with Ovenden next week to celebrate the honour. Past winners of the honour include physicist Stephen Hawking, novelist Hilary Mantel and inventor of the World Wide Web Tim Berners-Lee.

29-Mar-2019 News in Details
4 Govt to infuse Rs 5,042 cr into Bank of Baroda

The government has decided to infuse Rs 5,042 crore into state-owned Bank of Baroda (BoB) ahead of merger of two other public sector lenders Dena Bank and Vijaya Bank with BoB. The merger of Dena Bank and Vijaya Bank with BoB would be effective from April 1.

The finance ministry through its notification on Wednesday conveyed its decision to infuse capital of Rs 5,042 crore in BoB, the bank said in a regulatory filing.

"The capital infusion will be by way of preferential allotment of equity shares (special securities/bonds) of the bank during FY2018-19, as government's investment," it said.

According to the Scheme of Amalgamation, shareholders of Vijaya Bank will get 402 equity shares of BoB for every 1,000 shares held.

29-Mar-2019 News in Details
5 President Kovind reaches Bolivia on second leg of his three nations tour

President Ram Nath Kovind reached Bolivia today on the second leg of his three nations tour. President of Bolivia Evo Morales welcomed Mr. Kovind at Viru Viru International Airport, Santa Cruz. 

"President Ram Nath Kovind was accorded Guard of Honour at the Airport. He was also presented with the key of the city of Santa Cruz. Shri Kovind is the first President of India to visit Bolivia. 

Addressing media at the Santa Cruz Airport, President said that this is the historic day in the Indo- Bolivia bilateral relations. 

During his three day visit to Bolivia, President will hold delegation level talks with his counterpart. He will participate in India-Bolivia business forum meeting and also interact with the students at the University in Santa Cruz.

29-Mar-2019 News in Details
6 Rishabh Pant, Bajrang Punia, Rani Rampal, Manu Bhaker presented DSJA awards

Indian sports stars Rishabh Pant, Bajrang Punia, Rani Rampal and Manu Bhaker were presented the Delhi Sports Journalists Association Best Sportspersons awards by the Indian Olympic Association President Narinder Batra on Thursday.

Speaking after the award ceremony, Pant said that the media plays a role in supporting junior cricketers. He said, “I can never forget how many Delhi sports journalists encouraged me from my early days.”

Tarak Sinha, who guided Rishabh Pant in his early days, received the Best Coach Award. Pant shared a photo of the same on his Instagram account.

28-Mar-2019 News in Details
7 Breakdancing makes next move to Olympic status at Paris 2024

The Executive Board of the International Olympic Committee (IOC) has recommended adding breakdancing, skateboarding, sport climbing and surfing to the 2024 Paris Olympic Games when the full membership meets in June.

IOC President Thomas Bach said at a news conference in Switzerland that making the Olympics more affordable and responsive has been a key aim for the committee.

He said, the addition of these four sports to the Paris medal program offer the opportunity to connect with the young generation.

All four sports will be assessed in terms of how they are managed, the integrity of competitions and judging, before being finalized for Paris. 

28-Mar-2019 News in Details
8 Recent changes in India hugely transformational for country's economic growth: President

President Ram Nath Kovind has said, the recent changes in India have been hugely transformational for the country's economic growth and upliftment of society.

He was addressing the students at the University of Zagreb in Croatia on Wednesday evening.

The President said, a New India is in the making, an India that is aspirational and globally connected; that is impacting the global economy; that is willing to lead international efforts to find solutions to challenges like Climate Change and building a new global architecture to deal with terrorism.

Mr Kovind is in Croatia on the first leg of his three-nation visit. He will leave for Bolivia this afternoon, and will later head to Chile.

28-Mar-2019 News in Details
9 India-African Union sign MoU on strengthening cooperation in healthcare sector

An agreement has been signed between India and the African Union to establish an India-Africa health sciences collaborative platform.

The Ministry of External Affairs (MEA) said in a statement that the MoU will pave the way for cooperation in research and development, capacity building, health services, pharmaceutical trade and manufacturing capabilities for drugs and diagnostics.

The statement said, to carry forward the vision of a structured and concrete partnership in the health sector, the MEA partnered with Indian Council of Medical Research and had jointly organised the first India-Africa Health Sciences Meet in 2016 in New Delhi.

28-Mar-2019 News in Details
10 Manu Bhaker-Saurabh Chaudhary bag Gold medal in 10m Air Pistol Mixed event at Asian Airgun C’ship

In Shooting, Manu Bhaker and Saurabh Chaudhary have bagged a Gold medal in the 10-metre Air Pistol Mixed team event at the 12th Asian Airgun Championship at Taoyuan in Taipei. The teenage Indian duo went on to win the five-team final with a score of 484.8 points.

The pair made it to the Final after smashing the world record in the qualification. 17-year-old Manu and 16-year-old Saurabh shot a combined score of 784, breaking the record set by Russians Vitalina Batsarashkina and Artem Chernousov at the European Championships.

The win came exactly a month after the duo won the ISSF World Cup stage gold at the same event in Delhi.
   A second Indian team, comprising Anuradha and Abhishek Verma, also reached the Finals, but finished fourth.

27-Mar-2019 News in Details