Monday, 29 May 2017

Daily GK Update 28th May 2017

Commerce Ministry given power to grant licenses for defence manufacturers.
Private sector players can now apply to Commerce Ministry for licences to manufacture tanks, fighter planes, warships and other defence

In Britain, the University of Oxford, which is the world’s leading educational institution, has introduced a new compulsory exam paper for history undergraduates to make its curriculum more inclusive.
Fencer Bhavani Devi becomes first Indian to win Gold in International Event.
India’s C A Bhavani Devi has won the gold medal in the sabre event of the Turnoi Satellite Fencing Championship held at Reykjavik in Iceland. In the final, she beat Sarah Jane Hampson of Great Britain 15-13.
South Korea wins Badminton’s Sudirman Cup.
South Korea today won badminton’s Sudirman Cup for the first time in 14 years with an emotional 3-2 victory over 10-time champions China at Australia’s Gold Coast.
Indian Oil Overtakes ONGC To Become India’s Most Profitable Public Sector Company.
Indian Oil Corp (IOC) has overtaken Oil and Natural Gas Corp (ONGC) to become India’s most profitable state-owned company. IOC, which has for decades been India’s biggest company by turnover, posted a 70 per cent jump in net profit to Rs. 19,106.40 crore in the financial year ended March 31, 2017. This was more than the Rs. 17,900 crore net profit ONGC posted in fiscal year 2016-17, making Indian Oil the most profitable PSU. Billionaire Mukesh Ambani-led Reliance Industries retained the crown of being India’s most profitable company for the third year in a row, posting a net Rs. 29,901 crore in financial year 2016-17. Tata Consultancy Services, India’s largest software services exporter, was the second most profitable company in the country, with a net profit of Rs. 26,357 crore.

Sebastian Vettel wins Monaco Grand Prix 2017.
Sebastian Vettel wins in Monte Carlo ahead of Kimi Raikonnen, Daniel Ricciardo, Valtteri Bottas and Max Verstappen. Lewis Hamilton finishes in P7. Jenson Button retired on Lap 66. Vettel now leads the Championship by 25 points.

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