Tuesday, 5 January 2016

Current Affair 5 Jan 2016

1. Wipro promotes Abidali Neemuchwala to the role of CEO
1. Wipro, India's third-largest IT services company, has announced that Abidali Z Neemuchwala, currently its COO, would become the new CEO, succeeding T K Kurien, who would become executive vice-chairman.
2. Neemuchwala will also take up the post of executive director on the board.
3. The firm stated that both appointments would be effective from February 1, 2016.
4. Before joining Wipro in March 2015 as COO and Group President, Neemuchwala served in TCS for over 23 years. He was instrumental in turning TCS's BPO operations into a multi-billion biz and also managed key clients like GE.
2. Nabard inks deal with NRSC for web-based monitoring of projects
1. The National Bank for Agriculture and Rural Development (Nabard) has signed a deal with National Remote Sensing Centre for web-based monitoring of its watershed projects.
2. This includes the Indo-German Watershed Development (IGWDP) projects in three states, namely Gujarat, Rajasthan and Telangana and the Nabard-assisted watershed projects under Watershed Development Fund (WDF) in Madhya Pradesh
3. NRSC will create a separate web portal for Nabard, develop individualised software tool and mobile application fir real-time monitoring, online comparison and visualisation as regards activities implemented in Nabard-sanctioned projects.
3. Paytm acquires Shifu for $8 million
1. Paytm has acquired Shifu, a context-aware personal assistant application, for $8 million in order to provide more personalised and intuitive user experience.
2. Created by Delhi-based The Signals, Shifu is a free task-managing app.
3. It tracks the smartphone usage patterns of users, their location and other data to offer personalised and relevant recommendations.
4. The acquisition will also drive Paytm's focus on Artificial Intelligence.
4. Atul Sobti promoted to the role of BHEL CMD
1. Atul Sobti, who was board director of Bharat Heavy Electricals Ltd. (BHEL) has been promoted to the role of its CMD. He also held additional responsibility as the chairman of Raichur Power Corporation Limited, a joint venture company of BHEL and Karnataka Power Corporation Limited.
2. Under his leadership, the company achieved major milestones, including the highest-ever capacity addition/synchronisation of 13,452 MW and 11,941 MW in 2013-14 and 2014-15, respectively.
3. Prior to his promotion to the board, Sobti was executive director (power) at BHEL, New Delhi, and was also holding concurrent charge of Industrial Systems Group, a Bengaluru-based unit of BHEL.
5. Radha Krishna Mathur takes oath as Chief Information Commissioner of India
1. Radha Krishna Mathur took oath as the Chief Information Commissioner of India.
2. Mathur replaces Vijai Sharma, who completed his tenure on December 1, 2015.
3. Mathur is a retired Indian Administrative Service officer of Tripura Cadre and also the former Defence Secretary.
4. He is an alumnus of IIT Kanpur and IIT Delhi and previously has been Secretary in Union Ministry of Micro, Small and Medium Enterprises and in Defence Production and Supplies.
5. He will serve a three-year tenure as the CIC till he attains 65 years of age.
6.  First power project commissioned under TBCB incentive regime
1. Sterlite Grid has commissioned the Transmission Project to Rajasthan Atomic Power Project (RAPP) ahead of schedule under the Tariff Based Competitive Bidding (TBCB) incentive regime.
2. Since the implementation of the TBCB scheme, the RAPP is the first power transmission line to be been commissioned ahead of schedule.
3. Sterlite Grid said that the project, which was awarded to the company in 2013, was completed within 12 months from the start of construction and would directly benefit the states of Madhya Pradesh, Punjab and Haryana.
4. The project has been constructed with an investment of nearly Rs.275 crores and it includes laying a 200-km, 400-kilovolt double-circuit transmission line passing through Rajasthan and Madhya Pradesh.
 7. ONGC wins 26th Lal Bahadur Shastri Hockey tournament
1. ONGC has won the 26th Lal Bahadur Shastri Hockey tournament by beating Railways 3-0 at the Sivaji Stadium in New Delhi.
2. The award for the 'Top Scorer of the Tournament' was conferred to Diwakar Ram (ONGC) while the 'Player of the Tournament' was awarded to Simrandeep Singh of the Railways.
8.   IUPAC adds 4 new elements to the periodic table
1. The International Union of Pure and Applied Chemistry (IUPAC) has announced the discovery and assignment of elements with atomic numbers 113, 115, 117 and 118.
2. The four new elements are synthetic in nature and now complete the seventh row of the Periodic Table.
3. The decision was taken as the elements met the IUPAP/IUPAC Transfermium Working Group (TWG) 1991 Discovery Criteria.
4. The new elements will be officially named in the next few months. However, element 113 has been given a placeholder name of Ununtrium under IUPAC's recommendation.
5. The elements have been discovered by the scientists from the US, Russia and Japan.
9. Kate Atkinson wins Costa Novel Prize for 2015
1. Kate Atkinson has won the Costa Novel Prize for 2015 for 'A God in Ruins'.
2. The Costa Book Awards is one of UK's most prestigious literary prizes and Atkinson has previously won it two times for 'Behind the Scenes at the Museum' in 1995 and  'Life After Life' in 2013.
3. Atkinson till date has published another eight novels, one play, and one collection of short stories. She was appointed a Member of the Order of the British Empire (MBE) in the 2011.
10.  Mumbai teen creates record by scoring 1009 runs in 323 balls
1. Pranav Dhanawade, a Mumbai-based teenager has made history by scoring an unbeaten 1009 runs in 323 balls in an inter-school tournament in Mumbai. This makes him the first batsman ever to get a four-figure score in any form of cricket.
2. The 15-year-old, who was playing for KC Gandhi Higher Secondary School, managed the score at a strike rate of 312.38 in the game against Arya Gurukul in the Bhandari Cup inter-school tournament.
3. The tournament was organised by the Mumbai Cricket Association (MCA) and Dhanawade scored 129 fours and 59 sixes in an innings that lasted 395 minutes.
11. Akshay Kothari appointed as India Country Manager for LinkedIn
1. Akshay Kothari has been appointed as India Country Manager for LinkedIn, with immediate effect.
2. Kothari replaces Nishant Rao, who quit the company in October 2015 to join Freshdesk as its COO.
3. India has the second-largest base of LinkedIn members globally and Kothari has been associated with the company since 2013, when LinkedIn acquired Pulse, the company co-founded by Kothari.
12. Freecharge founder Kunal Shah appointed as Chairman of IAMAI
1. The Internet and Mobile Association of India (IAMAI) has named Kunal Shah, Co-founder and CEO of FreeCharge, as its new Chairman.
2. Freecharge was acquired by Snapdeal in April 2015. However, FreeCharge continues to be an independent entity under Shah's leadership.
3. Shah replaces Nishant Rao, who quit the association in October 2015 to join Freshdesk as its COO.
4. IAMAI has also named Vishwas Patel, CEO of CCAvenue as its treasurer.
13.  Forbes lists 45 Indian entrepreneurs as under-30 achievers
1. In the fifth edition of Forbes' '30 Under 30' list comprises 600 men and women under 30, who are changing the face of industry and creating new rules.
2. The lists includes young entrepreneurs, creative leaders from sectors like consumer technology, education and media, among others.
3. Ritesh Agarwal, the 22-year-old founder and CEO of OYO Rooms made the cut in the consumer segment.
4. Among social entrepreneurs is 28-year-old Anoop Jain, founding director of Sanitation and Health Rights in India, which builds toilets, collects human waste and uses methane coming off the excrement to clean water.
5. Some other names include Nila Das (VP at Citigroup), Divya Nettimi (Investment Analyst at Viking Global Investors), Vishal Lugani (Senior Associate at Greycroft Partners), Ashish Kumbhat (monetary policy expert in the Federal Reserve Board) and Sanjam Garg, (Assistant Professor, University of California Berkeley).

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