Current Affairs
Select Date
Tags:
Hindi
Share

Important Current Affairs of 1st May

NATIONAL:

Reliance Jio to launch 'Super App' with 100 services: Report.

• Reliance Jio is reportedly aiming to launch a ‘Super App’ that will provide over 100 services in one platform. The report said the app will let users order goods and services on it and pay bills using in-app payment services. Reports added that launching the app will put Reliance in a position to replicate China's WeChat in India.

OYO buys 51% stake in Europe's @Leisure for ₹1,400 crore.

• Indian hotel startup OYO has agreed to buy a 51% stake in European vacation rental group @Leisure from German media company Axel Springer for ₹1,400 crore. @Leisure manages holiday homes, holiday parks and holiday apartments across Europe and has a total inventory of more than 3 lakh rooms. OYO now has presence in more than 800 cities across 24 countries.

Flipkart in talks to buy grocery chain Namdhari's Fresh: Reports.

• Walmart-owned e-commerce giant Flipkart is in talks to buy Bengaluru-based grocery chain Namdhari's Fresh, as per reports. While Walmart is said to have held talks with Namdhari's, the acquisition will be made through Flipkart, reports said. Namdhari's operates over 30 stores in Bengaluru, and the acquisition will help Flipkart expand its food and grocery segment, reports added.

L&T buys Coffee Day & its Founder's stake in Mindtree for ₹3,210 cr.

• Larsen & Toubro (L&T) has purchased a 20% stake in Bengaluru-based IT services firm Mindtree from Coffee Day and its Founder VG Siddhartha for about ₹3,210 crore. The infrastructure major is aiming to acquire an up to 66% stake in Mindtree for ₹10,730 crore. L&T's hostile bid to acquire controlling stake in Mindtree is the first in India's IT industry.

Bengaluru logistics startup BlackBuck raises ₹1,043 crore.

Bengaluru-based logistics startup BlackBuck has raised about ₹1,043 crore in Series D funding round led by Goldman Sachs Investment Partners and Accel. Sequoia Capital, B Capital, among others also participated in the round which reportedly values the startup at just under $1 billion. BlackBuck was founded in 2015 by IIT-Kharagpur alumni Rajesh Yabaji, Chanakya Hridaya and Ramasubramanian B.

April GST collections at ₹1.13 lakh crore, highest since rollout.

• The Goods and Services Tax (GST) collection in April touched ₹1.13 lakh crore, the highest since the nationwide levy was rolled out in July 2017. The revenue in April is 16% higher than the monthly average GST revenue of ₹98,114 crore in 2018-19. This is the fifth time the collections crossed ₹1 lakh crore since GST rollout.

INTERNATIONAL:

Pentagon to send 320 more troops to US-Mexico border.

• The US Defence Department announced that it would deploy around 320 additional troops to the southern border with Mexico to support immigration officials.

The troops, set to deploy until the end of September, will add to around 2,900 active duty military and 2,000 National Guard members currently posted to the border.

The Pentagon spokesman said, the troops would assist with transporting migrants, monitoring the welfare of migrants in custody and providing heating and meals.

Airtel Africa reports $83 million profit in March quarter.

• Airtel Africa, a subsidiary of Bharti Airtel, on Tuesday reported a profit of $83 million for the March quarter, as against a loss of $49 million a year earlier. The company's revenue grew 6% to $781 million. Qatar Investment Authority invested $200 million in the company during the quarter, taking funds raised as pre-IPO private placement to $1.45 billion.

Jaish chief Masood Azhar designated as global terrorist by UN.

• The designation of Azhar as a terrorist by the UNSC will lead to embargos on his travel and his ability to find finance for his group

• India’s first attempt to get Azhar listed came in 2009, seven years after his JeM group was designated a terrorist outfit by the UN

APPOINTMENTS AND RESIGNATIONS:

Air Marshal RKS Bhadauria takes over as Vice Chief of Air Staff.

• Air Marshal Rakesh Kumar Singh Bhadauria took over as Vice Chief of the Air Staff on Wednesday, succeeding Air Marshal Anil Khosla. Bhadauria has over 4,250 hours of experience on 26 types of fighters and transport aircraft. He was reportedly the Chairman of India's negotiating team for the Rafale deal with France.

Eric Schmidt leaves Google board, after 18 years.

• Eric Schmidt will not seek re-election to the board when his term expires in June, but will continue to advise on technical matters

• Schmidt's net worth is estimated to be around $14 billion by Forbes

DAYS:

May 1: International workers day.

• International Worker's Day also known as Labour Day and May Day, is observed on 1st May every year, to promote and encourage the international labour associations.

• The theme of Labour Day 2019 is ‘Uniting Workers for Social and Economic Advancement’.

Labour Day provides the Labours their right to work for only 8 hours a day.

All Rights Reserved Top Rankers