Daily Current Affairs for MBA Exams: 27th January 2022

By Anjali Chowdhury|Updated : January 27th, 2022

 Honours & Awards

1. Assam government to confer 'Asom Baibhav Award' to Ratan Tata

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  • Industrialist Ratan Tata will be bestowed with the highest civilian award of Assam 'Asom Baibhav'.
  • Assam governor Jagdish Mukhi will confer the award to the former chairman of Tata sons on 24 January, 2022.
  • The Assam government is conferring 'Asom Baibhav' to Ratan Tata for his contribution to setting up cancer treatment facilities in the state.
  • Tata Trusts had signed an MoU with the Assam government in 2018, giving a formal share to this project.

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 Sports

2. P.V. Sindhu wins Women’s singles title at Syed Modi International tournament

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  •  Two-time Olympic medalist, P.V. Sindhu has won the Women’s singles title at the Syed Modi International tournament.
  • Sindhu defeated compatriot Malvika Bansod 21-13, 21-16 in the summit clash in Lucknow.
  • Earlier in the day, the Men’s singles final of the tournament was declared as a ‘No Match’ after one of the finalists tested positive for Covid-19.
  • The all-French clash was scheduled between Arnaud Merkle and Lucas Claerbout.

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 Obituaries

3. Thich Nhat Hanh, an influential Zen Buddhist monk, passes away

  • Thich Nhat Hanh, a Vietnamese Buddhist monk passed away.
  • He was one of the world’s most influential Zen masters, spreading messages of mindfulness, compassion, and nonviolence.
  • A prolific author, poet, teacher, and peace activist, Thich Nhat Hanh was exiled from Vietnam after opposing the war in the 1960s.
  • He became a leading voice in a movement he called “engaged Buddhism,” the application of Buddhist principles to political and social reform.

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 Obituaries

4. Former India footballer and coach Subhas Bhowmick passes away

  • Former India footballer and coach Subhash Bhowmik (72) passed away in Kolkata.
  • He was Suffering from diabetes and kidney disease for a long time.
  • Popularly known as ‘Bhombol da’ in Kolkata, Bhowmik was a successful footballer as well as coach.
  • He was a part of the Indian team that won a bronze medal in the 1970 Asian Games.
  • Subhash won a total of 26 trophies in his club career – 18 in Mohun Bagan itself.

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 Banking & Finance

5. Mcap of top-10 most valued companies erodes by over Rs 2.53 lakh cr

  • The top-10 most valued companies suffered a combined erosion of Rs 2.53 lakh cr in market valuation last week.
  • This is due to the domestic equity benchmarks witnessing heavy selling in line with the global market.  
  • Benchmark indices witnessed nearly a 4% cut last week as FPIs booked profits across large-caps and select mid-caps.
  • The top-10 firms are Reliance Industries, TCS, HDFC Bank, Infosys, ICICI Bank, Hindustan Unilever, HDFC, SBI, Bajaj Finance, and Bharti Airtel.

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 Sports

6. India’s first para-badminton academy launched in Lucknow

  • Country's first state-of-the-art,    high-performance para-badminton academy with advanced equipment and facilities has been set up in Lucknow.
  • The centre has been launched by Dronacharya awardee and head national coach of Indian para-badminton team, Gaurav Khanna, in association with Ageas Federal Life Insurance.
  • Khanna also unveiled the Ageas Federal ‘Quest for Fearless Shuttlers’ program to spot and nurture new talent for the 2028 and 2032 Paralympics.
  •  

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 Honours & Awards

7. Prajakta Koli becomes UNDP India's first youth climate champion

  • Content creator and actress, Prajakta Koli has become the first UNDP India Youth Climate Champion.
  • The title has been conferred to her following her contribution towards mental health, women's rights, and girl child education through various global social campaigns
  • UNDP aims to eliminate poverty, achieve sustainable growth, and scale up human development in countries where it is required the most.
  • She is a global ambassador for YouTube's 'Creators For Change' initiative

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 Honours & Awards

8. New Species of Rain frog Discovered in Panama Named After Greta Thunberg

  • A new species of frog discovered in Panama has been named after Swedish environmental activist Great Thunberg.
  • The new species of the frog is named Pristimantis gretathunburgae. 
  • The team, which discovered the new species, was led by Abel Batista from Panama and Konrad Mebert from Switzerland. 
  • The Pristimantis gretathunburgae was found by the team on an island in eastern Panama called Cerro Chucanti.
  • The island was surrounded by lowland tropical rainforest.

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 Science & Technology

9. ISRO Successfully Tests Vikas Engine of India's Gaganyaan Space Mission

  • ISRO successfully fired the high thrust Vikas engine that would power India's first human-carry rocket.
  • The Vikas engine for the Gaganyaan human space mission underwent the qualification test for 25 seconds at the ISRO Propulsion Complex in Mahendragiri, Tamil Nadu.
  • Two engines have undergone tests under nominal operating conditions for a total duration of 480 seconds. 
  • The trial involved stress testing the fuel-oxidizer ratio and chamber pressure. 

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 State Affairs

10. Arunachal Pradesh to establish a new body to improve infrastructure

  • To expedite infrastructure development, the Arunachal Pradesh government will establish Arunachal Pradesh Infrastructure Financing Authority.
  • This was decided during the Golden Jubilee Celebrations of Arunachal Pradesh as an independent state
  • The state of Arunachal Pradesh was created in 1972.
  • In 2022, the state has celebrated its 50th anniversary.
  • Arunachal Pradesh CM: Pema Khandu
  • Arunachal Pradesh Governor: BD Mishra

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 Banking & Finance

11. Kotak Mahindra Bank signs MoU with GIFT SEZ

  • Kotak Mahindra Bank has signed an MoU with GIFT SEZ Limited.
  • The MoU will enable both to work together towards greater enhancement of the financial services eco-system for alternative investment funds and global custody services.
  • Both KMBL and GIFT SEZ will cooperate towards wide-ranging activities to improve overall financial services.
  • According to the MoU, an area of focus will be to ease market access and cross-border activities for the fund management community.

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