Current Affairs - 23rd May 2014
Thailand faces coup d'etat as military general seizes power
The military has announced a coup-d'etat in Thailand. It has taken control of the government and suspended the constitution. In a TV statement, the army chief General Prayuth Chan-ocha declared the coup and vowed to restore order. He also promised to enact political reforms as per the statement.
Rupee now at over 11-month peak
The rupee rose by 30 paise and closed at over 11 month peak due to renewed selling of the US currency by exporters and a recovery in local equities. A firm rise in dollar overseas and mild capital outflows have capped the rupee rise.
Facebook announces privacy checkup for 1.28 billion users
Business pressures and concerns that its privacy settings are complicated have led Facebook to provide a privacy checkup for 1.28 billion users. The company will also change how new users can post messages that will only be seen by their friends.
Myntra bought by Flipkart
In what is the single biggest consolidation in the e-commerce sector, e-retailer Flipkart has purchased online fashion retail company Myntra. It is a 100 percent acquisiton, according to a statement by Flipkart co-founder and CEO Sachin Bansal.
Former IB chief takes charge as new Chief Information Commissioner
Rajiv Mathur who was the former IB chief has now taken over as the new Chief Information Commissioner in the Central Information Commission. He succeeded Sushma Singh as the sixth chief for this transparency regulator. He aims at reducing pendancy of appeals and complaints, besides strengthening the RTI apparatus.
SKS Microfinance announces its 400 QIP oversubscribed multiple times
SKS Microfinance has announced that its 400 crore qualified institutional placement (QIP) has been oversubscribed multiple times. The response to the QIP has improved business prospects for the MFI sector, according to the President of SKS Microfinance, S. Dilli Raj.
Gold prices plummet by Rs 800 to a 10 month low
Gold prices fell by Rs. 800 to a 10 month low in major bullion markets following the easing of import restrictions on this precious metal by the RBI. Easing the import restriction led to heavy sell-off by stockists.
Dyzle BV embarks on a partnership with TTL Active
Dyzle BV, an MNC in the cold chain sector has appointed TTL Active as a partner to tap the Indian cold chain logistics market. India is an emerging market for this sector. Arun Vasu, the chairman and MD of TTL Active says the aim is to provide fized asset temperature monitoring as well.
Kalindee Rail Board approves merger with Texmaco
The board of Kalindee Rail Nirmal Engineers has approved the merger of the company with Texmaco. Kalindee shareholders will now get 106 shares of the Texmaco Rail for every 100 shares held.
