Daily GK Update - 20 November 2014 - Current Affairs

  1. IBM launched its own free Web-based e-mail service, Verse

  2. i. International Business Machine Corp on 18 November 2014 launched a new e-mail application known as IBM Verse. The company hopes IBM Verse will eventually replace Window's popular Outlook.
    ii. The free initial model will include limited mailbox sizes and file sharing. A paid version with additional features and data allowance will be available in January 2015.
    iii. The application is part of IBM's attempt to shift its focus to cloud computing and data analytics from the hardware services.

  3. PM Narendra Modi among 7 Indians in 100 Leading Global Thinkers list

  4. i. Prime Minister Narendra Modi , BJP president Amit Shah and five other Indians figure among Foreign Policy magazine's sixth annual list of "100 Leading Global Thinkers".
    ii. "Each year, our list of leading Global Thinkers spotlights those who have translated their ideas into actions, impacting millions worldwide," said David Rothkopf, editor and CEO of The FP Group.
    iii. Modi is listed among the "Decision Makers" "for enthralling the world's most populous democracy", while Shah gets the honour "for engineering Modi's landslide".

  5. Arun Duggal, chairman of Shriram Capital Ltd announced to resign

  6. i. Arun Duggal, chairman of Shriram Capital Limited on 19 November 2014 announced to resign from the chairmanship of the financial service entity of Shriram Group.
    ii. He was serving the financial services entities of the Shriram Group - Shriram Capital Limited, Shriram Transport Finance Limited and Shriram City Union Finance Limited from the last 10 years.
    iii. Instead, he will continue to be a trustee of Shriram Ownership Trust and continue to be on the board of Sanlam Insurance, South Africa.

  7. Neel Mukherjee, the author of Lives of Others, shortlisted for Costa Book Awards

  8. i. Kolkata boy Neel Mukherjee who was the front runner to win the Man Booker prize 2014 but narrowly lost out, has another chance to end the year on a winning note.
    ii. Mukherjee's latest novel The Lives of Others that is set in 1960s Bengal and revolves around a man's extremist political activism during troubled times has now been shortlisted for the prestigious British literary prize - The Costa Book Awards, under the category of a novel.
    iii. This year's Costa Book Awards attracted 640 entries - the highest number of entries ever received in one year.

  9. China and Australia signed a MoU on bilateral Antarctic cooperation

  10. i. China and Australia on 18 November 2014 signed a memorandum of understanding (MoU) on bilateral Antarctic cooperation. The MoU was signed in the presence of the President of China Xi Jinping and Prime Minister of Australia Tony Abbott in Hobart, Australia’s gateway to Antarctica.
    ii. President of China Xi Jinping is on three nation tour to Australia, New Zealand and Fiji with Australia being the first leg of his visit.

  11. Indian-origin hotel doorman Kottarapattu Chattu died

  12. i. Kottarapattu Chattu Kuttan of the venerable Galle Face Hotel in Colombo died on 18 November 2014 after a brief illness.
    ii. He was Sri Lanka's oldest hotel doorman, who served world leaders like Lord Mountbatten, Princess Elizabeth, Emperor Hirohito, Mahatma Gandhi, Jawaharlal Nehru, Indira Gandhi and Richard Nixon at the Galle Face Hotel in Colombo for 72 years

  13. Kotak Mahindra Board okays merger of ING Vysya Bank

  14. i. The Board of Directors of Kotak Mahindra Bank (KMB) on Thursday approved merger of ING Vysya Bank (IVB) with Kotak Bank.
    ii. In a notice to the BSE, KMB said its Board has approved a share swap ratio of 725 equity shares of Rs. 5 each of KMB for every 1000 equity shares of Rs. 10 each held in IVB.
    iii. Post-amalagamation, shareholders of IVB will receive shares of KMB in the above mentioned ratio, resulting in change in shareholding of KMB.

  15. RBI reduces repatriation time of export proceeds to 9 months

  16. i. The Reserve Bank of India said on Thursday the time by which exporters can repatriate the full value of goods and services has been reduced to nine months from 12 from the date of export.
    ii. The rule will be applicable to all exporters, including units in special economic zones, export-oriented units, the RBI said.

  17. Modi’s Twitter followers cross 8 mn

  18. i. Prime Minister Narendra Modi now has over 8 million followers on Twitter and is only behind US President Barack Obama and the Pope in popularity on the micro blogging site.
    ii. US President Barack Obama leads the popularity chart with over 43 million followers, followed by the Pope Francis, who is followed by over 14 million people on social site Twitter.
    iii. “Since his (Modi) election win in May earlier this year, the Prime Minister’s Twitter account (@narendramodi) has doubled in followers adding more than 4 million followers,” the statement said.

  19. Aaron Finch, pacemen guide Australia to big win

  20. i. Australia cruised to a 73-run victory over South Africa in their third one-day international on Wednesday on the back of big-hitting innings by Aaron Finch and Steve Smith.
    ii. Opener Finch cracked 109 off 127 balls and Smith hit a swashbuckling unbeaten 73 off 55 balls as Australia amassed a formidable 329 for five off their 50 overs in Canberra.
    iii. The Proteas were always up against it and were dismissed for 256 in the 45th over.

  21. PV Sindhu crashes out in second round

  22. i. Ace Indian shuttler P V Sindhu suffered a three-game loss to lesser-ranked Nozomi Okuhara of Japan in the second round of USD 350,000 Hong Kong Super Series in Kowloon on Thursday.
    ii. Sindhu, a two-time bronze medallist at the World Championship, could not play her game and went down 17-21 21 13 11-21 to Okuhara in a women’s singles match that lasted more than an hour.
    iii. The only time Sindhu faced Okuhara was in Badminton Asia Youth Under-19 Championships in 2012 and the Indian had beaten the Japanese then in a close three-game match but she couldn’t do it this time.

  23. Tech Mahindra to buy Lightbridge Communications for USD 240 mn

  24. i. Country's fifth largest software services firm Tech Mahindra will acquire global network services firm Lightbridge Communications Corporation (LCC) in an all-cash deal worth USD 240 million (over Rs 1,486 crore).
    ii. The move will help the Mumbai-based firm tap the rapidly growing market opportunity in the telecommunications and enterprises network space.

  25. Bangladesh, Zimbabwe look to move up ODI rankings

  26. i. Bangladesh and Zimbabwe have the opportunity to gain vital rankings points when they go head-to-head in a five-match One-Day International (ODI) series starting on Friday at Chittagong.
    ii. Ninth-placed Bangladesh (69) currently hold an 11-point lead over the Elton Chigumbura-led side in the International Cricket Council (ICC) team rankings and can further increase their lead while also reducing the gap with New Zealand and the West Indies, both level on 96 points, according to an ICC release Thursday.

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