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Current Affairs – July 21 2023
1. Legendary American singer Tony Bennett passes away at 96
American singer Tony Bennett, who sang ‘I Left My Heart in San Francisco’, passed away at the age of 96. Publicist Sylvia Weiner confirmed Bennett’s death, saying he died in his hometown of New York.
There was no specific cause, but Bennett had been diagnosed with Alzheimer’s disease in 2016. Bennett won 19 Grammy awards.
2. Virat Kohli becomes 10th cricketer to make 500 international appearances
Indian cricketing legend Virat Kohli achieved a significant milestone by becoming the 10th cricketer in history to make 500 international appearances.
He reached this remarkable feat during India’s second and final Test match against the West Indies at the Queen’s Park Oval in Port of Spain.
With this accomplishment, Kohli joins an elite list of four Indian players, including the iconic Sachin Tendulkar, Rahul Dravid, and MS Dhoni.
Kohli’s exceptional career includes 274 ODIs, 115 T20Is, and 111 Test matches, showcasing his immense contribution to Indian cricket.
This historic achievement further solidifies Virat Kohli’s status as one of the game’s greatest players.
3. Ashok Leyland bags major orders worth Rs 800 crore from Indian Army
The commercial vehicles manufacturer, Ashok Leyland recently disclosed securing defense contracts valued at Rs 800 Crore.
These contracts entail the supply of specialized 4×4 Field,Artillery Tractors and 6×6 Gun Towing Vehicles to the Indian army within the next 12 months.
The vehicles are designated for use by the Artillery battalions of the Indian army to efficiently tow light and medium guns.
4. First ever “Credit Guarantee Scheme” for Livestock Sector launched for rebooting rural economy by leveraging MSMEs
The Indian government has introduced a pioneering “Credit Guarantee Scheme” for the Livestock Sector aimed at revitalizing the rural economy and empowering Micro, Small & Medium Enterprises (MSMEs).
The Department of Animal Husbandry & Dairying (DAHD) has established a Credit Guarantee Fund Trust of Rs 750 crore to provide credit guarantee coverage to eligible lending institutions, enabling improved access to finance for the underserved livestock sector.
5. HDFC Bank becomes 2nd most valuable company; TCS falls to 3rd place
HDFC Bank achieved a significant milestone by surpassing Tata Consultancy Services (TCS) to become the second most valuable company in India based on market capitalization.
The recent merger of its parent company HDFC into itself further bolstered the bank’s position.
HDFC Bank’s market capitalization stood at Rs 12,72,718.60 crore, overtaking TCS’ valuation of Rs 12,66,891.65 crore on the BSE.
The bank’s shares closed at Rs 1,688.50 apiece, registering a slight increase of 0.22% on the BSE.
6. Japan becomes second Quad partner to sign semiconductor pact with India
In a significant move, India and Japan have solidified their partnership by signing an agreement to jointly develop the semiconductor ecosystem.
The deal aims to bolster the resilience of the global supply chain, particularly in the crucial semiconductor industry. This marks Japan as the second Quad partner, after the United States, to join hands with India in this endeavor.
7. India supports U.N. on Black Sea initiative
India has thrown its weight behind the United Nations’ efforts to continue the Black Sea Grain initiative and has called for a swift resolution to the impasse.
The Black Sea Initiative holds significant importance for Ukraine’s agricultural sector, known as “Europe’s breadbasket,” which faces disruptions due to the Russian invasion in February 2022.
Russia’s invasion of Ukraine in February 2022 disrupted the Black Sea trade route, historically responsible for 90% of Ukraine’s grain exports.
This interference, coupled with other challenges like droughts and COVID-19 supply disruptions, put immense pressure on the global food supply, leading to fears of a potential hunger crisis and surging food prices.
8. Jaguar Land Rover appoints Adrian Mardell as CEO for three years
Tata Motors-owned Jaguar Land Rover (JLR) has appointed Adrian Mardell as Chief Executive Officer for a three-year term.
He was appointed Interim CEO on November 16, 2022, having been Chief Financial Officer and a member of the JLR Board of Directors for three years prior, Tata Motors said in a regulatory filing.
9. Govt appoints Sat Pal Bhanoo as Managing Director of Life Insurance Corp
Sat Pal Bhanoo, who currently serves as the Additional Zonal Manager at LIC of India’s Zonal Office in Bhopal, has been appointed as the new Managing Director of the company.
He will take charge from Siddhartha Mohanty, who has been appointed as chairman of the firm in April,2023.
Sat Pal Bhanoo’s appointment as the Managing Director of LIC is effective from the date he assumes office until the date of his superannuation, which is December 31, 2025, or until further orders, whichever comes earlier.
10. Duleep Trophy: A decade long wait ends for South Zone
South Zone outclassed West Zone to win the Duleep Trophy with a 75-run victory at M. Chinnaswamy Stadium, Bengaluru. In pursuit of a target of 298 runs, West Zone, who resumed their innings at 182/5 on the final day, were eventually bowled out for 222.
This victory marked South Zone’s 14th Duleep Trophy title, and it held special significance as a form of redemption. In the previous year’s final, West Zone had triumphed over South Zone by a massive margin of 294 runs.
