Current Affairs Update – 27th May, 2016

Hello and welcome to exampundit. Here are the important Current Affairs of 27th May, 2016. These are important for the upcoming UIIC AO, SBI PO & Clerk Mains 2016 Exams.


Current Affairs at a Glance – 27th May, 2016
  1. Mortgage lender HDFC Ltd has been ranked among the world's ten biggest and most powerful companies in the consumer financial services sector on a Forbes list topped by global major American Express. Ranked 7th, HDFC is the only Indian company in top-ten in this category, where others include Capital One, Visa and MasterCard.
  2. An advanced version of BrahMos land-attack supersonic cruise missile system was successfully test fired on Friday at 12 noon in the Western Sector by the Indian Air Force (IAF).
  3. The Ministry of Railways on 26 May 2016 launched Rail Humsafar Saptaah, a week-long initiative to highlight significant achievements made by Indian Railways in all spheres.
  4. Mamata Banerjee was today sworn in as the Chief Minister of West Bengal for the second consecutive time, heading a 42-member ministry.
  5. A jury in San Francisco on 26 May 2016 cleared Google of copyright infringement in a case brought by Oracle over Google’s use of Java in Android. Oracle was seeking damages of up to $9 billion US dollars.
  6. Microsoft and Facebook have agreed to jointly build a subsea cable across the Atlantic Ocean to meet growing demand for high-speed cloud and online services. The construction of the new "MAREA" cable will begin in August and it is expected to be completed in October 2017, the companies said in a statement on Thursday.
  7. Sanjay Bangar was on 26 May 2016 appointed as the head coach of Indian Cricket team for Zimbabwe tour.
  8. Book titled Gujarat Files: Anatomy of a Cover Up authored by Rana Ayyub was released in May 2016.
  9. Marathi litterateur R.G. Jadhav, best known for his 91 reflective poems on Mahatma Gandhi, passed away at his residence following a prolonged illness. He was 83.




Banking –

HDFC among world's top 10 consumer financial services company


  • Mortgage lender HDFC Ltd has been ranked among the world's ten biggest and most powerful companies in the consumer financial services sector on a Forbes list topped by global major American Express.
  • Ranked 7th, HDFC is the only Indian company in top-ten in this category, where others include Capital One, Visa and MasterCard.
  • In the overall list of the world's 2,000 largest and most powerful public companies compiled by Forbes, HDFC is ranked 404th while it is at tenth position among Indian firms.
  • State Bank of India was ranked among the top 20 globally in the regional banks category. With a market capitalisation of $23.3 billion, SBI was ranked 149th in the global list.
  • Meanwhile, ICICI Bank and HDFC Bank were named among the top 30 in the regional bank category. Both of the companies were ranked 266 and 275 in the global list.
  • All together 56 Indian companies have been named in the global list, out of which 22 public sector lenders have been named in the regional banks category led by State Bank of India which was ranked 149 on the list.
  • Other public sector lender in the regional bank category include ICICI Bank at the 266 position, HDFC Bank 275 rank, Axis Bank (484), Bank of Baroda (801), Punjab National Bank (866), Kotak Mahindra Bank (899) and Canara Bank (946).


India –

IAF successfully test fires unique BrahMos supersonic cruise missile


  • An advanced version of BrahMos land-attack supersonic cruise missile system was successfully test fired on Friday at 12 noon in the Western Sector by the Indian Air Force (IAF).
  • The unique BrahMos weapon system on numerous occasions has established its supremacy in the World of supersonic cruise missile.
  • The flight, conducted on Friday, in one of the firing range in western sector has met its mission parameters in a copybook manner.
  • Meeting all flight parameters, the formidable weapon successfully hit and annihilated the designated target, officials confirmed.


Ministry of Railways launched Rail Humsafar Saptaah

  • The Ministry of Railways on 26 May 2016 launched Rail Humsafar Saptaah, a week-long initiative to highlight significant achievements made by Indian Railways in all spheres.
  • The Rail Humsafar Saptaah will conclude on 1 June 2016.

In addition, each day of the week will focus on a particular theme and hence the days have been named as:
  1. 26th May: Swachchta Diwas
  2. 27th May: Satkar Diwas
  3. 28th May: Sewa Diwas
  4. 29th May: Satarkata Diwas
  5. 30th May: Saamanjasya Diwas
  6. 31st May: Sanyojan Diwas
  7. 1st June: Sanchaar Diwas

 Sponsored





Appointments –

Mamata Banerjee sworn in as West Bengal CM for second time


  • Mamata Banerjee was today sworn in as the Chief Minister of West Bengal for the second consecutive time, heading a 42-member ministry.
  • 61-year-old Banerjee was administered the oath of office and secrecy by state Governor Keshri Nath Tripathi at the sprawling Red Road.
  • Her ministry has 18 new faces.


Baciro Dja named Prime Minister of Guinea Bissau

  • Guinea Bissau President Jose Mario Vaz on 26 May 2016 issued a presidential decree naming Baciro Dja as Prime Minister of the country.
  • Dja succeeds Carlos Correia, who was sacked earlier in May 2016. His removal threatened to deepen political turmoil in the tiny West African nation.


World –

Google wins Java copyright case versus Oracle


  • A jury in San Francisco on 26 May 2016 cleared Google of copyright infringement in a case brought by Oracle over Google’s use of Java in Android. Oracle was seeking damages of up to $9 billion US dollars.
  • The jury of eight women and two men took three days to declare its verdict. The jury found that Android does not infringe Oracle-owned copyrights because its re-implementation of 37 Java APIs is protected by fair use.

What was the case?
  • Oracle America, Inc. v. Google, Inc. was a dispute related to Oracle's copyright and patent claims on Google's Android operating system.
  • Java was originally developed at Sun Microsystems starting in 1991. It included a new programming language, a virtual machine, and a set of libraries for use with the language.
  • Android, Inc. was founded in 2003 to develop a mobile phone platform.


Microsoft, Facebook to build transatlantic subsea cable


  • Microsoft and Facebook have agreed to jointly build a subsea cable across the Atlantic Ocean to meet growing demand for high-speed cloud and online services.
  • The construction of the new "MAREA" cable will begin in August and it is expected to be completed in October 2017, the companies said in a statement on Thursday.
  • The 6,600-kilometre cable, the first to connect the United States with southern Europe, will be operated and managed by Telefonica SA's telecoms infrastructure unit Telxius.
  • The cable is initially designed to carry 160 terabits of data per second, the companies said.
  • The move comes nearly two years after Google Inc, now Alphabet Inc , agreed with five Asian companies to invest about $300 million to develop and operate a trans-Pacific cable network connecting the United States to Japan.


Sports –

Sanjay Bangar appointed as India's head coach for Zimbabwe tour


  • Sanjay Bangar was on 26 May 2016 appointed as the head coach of Indian Cricket team for Zimbabwe tour.
  • Before this appointment he worked as assistant coach (batting) for the team at the World T20 Cup in March and April 2016, under team director Ravi Shastri.
  • Besides his appointment BCCI also appointed Abhay Sharma as fielding coach and Koka Ramesh as the administrative team manager for the tour.


Books & Authors –

Book Gujarat Files: Anatomy of a Cover Up authored by Rana Ayyub released

  • Book titled Gujarat Files: Anatomy of a Cover Up authored by Rana Ayyub was released in May 2016.
  • The book is an account of an eight-month long undercover investigation by journalist Rana Ayyub, who posed herself as Maithili Tyagi, a filmmaker from the American Film Institute Conservatory to investigate the Gujarat riots. She was in Gujarat in 2010, when she was working for Tehelka magazine.
  • The book narrates the story of fake encounters and the murder of state Home Minister Haren Pandya.


Obituaries –

Marathi literary critic R.G. Jadhav passes away

  • Marathi litterateur R.G. Jadhav, best known for his 91 reflective poems on Mahatma Gandhi, passed away at his residence following a prolonged illness. He was 83.
  • A prolific literary critic, Professor Jadhav, who was born at Vadodara in Gujarat, taught Marathi literature in various colleges across Maharashtra, including Elphinstone College in Mumbai and Milind College in Aurangabad, among others.
  • Prof. Jadhav presided over the 2004 Marathi Sahitya Sammelan held at Aurangabad and served as chief editor of the ‘Marathi Vishwakosha’ based in Wai between 2000 and 2002.







Regards



Team ExamPundit

0 comments