KARNATAKA BANK ECGC CURRENT AFFAIRS SNIPPETS 14 AUG 2022

CURRENT AFFAIRS SNIPPETS

AUGUST 14 , 2022

 

NATIONAL

India has the 3rd largest startup ecosystem: Jitendra Singh

Union Minister of State Jitendra Singh said that India has the third largest startup ecosystem and the third highest number of unicorns. While delivering a keynote address, Singh mentioned that this decade is expected to bring transformational changes for Indian science, technology and innovation (STI). He also said that over 49% startups are from tier two and three cities.

What were the top holdings of veteran investor Rakesh Jhunjhunwala?

Billionaire investor Rakesh Jhunjhunwala, who passed away aged 62 on Sunday, held a 4% stake in Titan Company worth ₹8,728 crore, making it his top holding in terms of value. Jhunjhunwala's major holdings include Star Health & Allied Insurance, Tata Motors, Fortis Healthcare and CRISIL, Moneycontrol reported. Jhunjhunwala had a net worth of more than ₹46,000 crore, as per Forbes.

Robbers lock Fedbank staff in toilet in Chennai; loot gold and money worth ₹20 crore

Three armed robbers looted 32 kg gold and other valuables from branch of Fedbank Financial Services Ltd (Fedfina) in Chennai on Saturday. Preliminary investigation revealed that money and gold jewellery worth around ₹20 crore was stolen. Robbers allegedly tied employees to chairs and locked them in toilet. "Four special teams have been formed and they are currently investigating," Police said.

Railways to hold heritage run of 167-year-old steam engine on I-Day

Indian Railways will hold a heritage run of a 167-year-old locomotive, which is the world's oldest working steam engine, on Independence Day. The special service will run between Chennai's Egmore and Kodambakkam railway stations. "The beautiful sound of the whistle will send you back to the times of the steam locomotive from the days gone by," Divisional Railway Manager said.

 

Keyword for India today is compassion for needy: President on I-Day eve

President Droupadi Murmu, in her maiden address to the nation on the eve of Independence Day on Sunday, said, "Keyword for India today is compassion for downtrodden, for needy and for those on margins." She added that in the past few years, a new India has taken shape. "Gender inequalities are reducing...women are breaking many glass ceilings," the President said.

 

347 police personnel awarded medals for gallantry; CRPF gets most awards

On the occasion of India's 76th Independence Day, 347 Police Medal for Gallantry (PMG) were awarded to police personnel, with Central Reserve Police Force (CRPF) receiving 109 medals, the highest of any paramilitary or state police force. J&K Police received 108 PMGs, the highest among states and UTs. A total of 1,082 police personnel were given various awards this year

Water enters Cuttack's Bhattarika temple due to floods in Odisha

Incessant rain has led to flooding in many parts of Odisha including Cuttack where water entered the Bhattarika temple. Over 1,000 people were evacuated as gates of the Hirakud Dam were opened, leading to flooding in Sambalpur. Several areas around the Mahanadi river have also been inundated, with 21 areas reporting 116.8 mm to 204.4 mm of rainfall.

ITBP to scale 75 peaks, go on 75-day patrol to mark 75 yrs of independence

Indo-Tibetan Border Police (ITBP) personnel will scale 75 peaks on Independence Day and complete a 75-day-long patrol along the LAC with China to mark 'Azadi ka Amrit Mahotsav' celebrations, a senior officer said. The mountain expedition will cover 33 peaks in Ladakh and 16 in Uttarakhand, among others. The patrol, which started on August 1, will conclude on October 14.

 

INTERNATIONAL

Chinese and Thai air forces begin joint training exercise

Air forces of China and Thailand commenced a joint training exercise on Sunday at Thailand's Udorn Air Force Base. The exercise has been code-named "Falcon Strike 2022", Xinhua reported. It will include drills such as air support, strikes on ground targets, and troop deployment. Both sides have reportedly sent fighter jets and airborne early warning (AEW) aircraft for the exercise.

Truss leads race for UK's next PM by 22 points against Sunak: Survey

An opinion poll conducted by Opinium Research showed UK's Foreign Secretary Liz Truss is 22 percentage points ahead of her rival and UK's former Chancellor of the Exchequer Rishi Sunak in the race to become the next Prime Minister. Among a sample of 450 party members who had decided how they would vote, 61% favoured Truss while 39% favoured Sunak.

Scotland to be 1st country to ensure access to free sanitary products

Scotland will become the first country in the world to protect the right to access free sanitary products with a new law that will be adopted on Monday. Under new legislation, local officials and education providers will be legally required to provide products for free to anyone in need. Additionally, government has allocated funding for menstrual health resources at institutions.

 

BANKING, BUSINESS AND ECONOMY

Paytm records loan distribution annual run rate of ₹25,000 cr

Digital financial services company One97 Communications, which operates under the Paytm brand, said that the loan distribution business recorded an annual run rate of around ₹25,000 crore in July. In June, the company reported annual run rate of around ₹24,000 crore for the loan distribution business. Paytm disbursed 29.46 lakh loans in July 2022.

80% firms globally have suffered a cyberattack in last 1 year: Study

A study by technology firm Acronis has showed that 80% of firms it surveyed suffered a cybersecurity breach in last one year, up from 68% from the previous year. Meanwhile, 9% of the firms also experienced at least one cyberattack/hour. The study further states that three in 10 surveyed companies reported facing a cyberattack at least once a day.

 

Nykaa appoints Vishal Gupta executive VP for consumer beauty brands

FSN E-commerce ventures, the parent company of Nykaa, has appointed IIT Delhi and IIM Bangalore alumnus Vishal Gupta as the executive Vice President for its consumer beauty brands.Gupta joined Nykaa after working with Unilever for 25 years. He has nearly three decades of experience in the FMCG sector across India, Indonesia, Southeast Asia, and Russia.

 

SPORTS
A motivating interaction: CWG 2022 gold medallist Sharath on meeting PM Modi

After meeting PM Narendra Modi at his residence, Indian table tennis player Sharath Kamal, who won three gold and one silver medals at Commonwealth Games 2022, said it was a motivating interaction with the PM. "Support extended to the fullest and encouraging words from...leaders of our nation ignites greater fire within to win more medals for the country," he added.

 

OBITUARY

Billionaire investor Rakesh Jhunjhunwala's last rites held in Mumbai

Billionaire investor Rakesh Jhunjhunwala, who passed away at the age of 62 on Sunday, was cremated at the Banganga Crematorium in Mumbai's Malabar Hill. Jhunjhunwala passed away after a sudden cardiac arrest, as per a doctor. He was suffering from chronic kidney disease and was on chronic dialysis, the doctor stated. He had also undergone an angioplasty recently

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