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Current Affairs 22 July 2019

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Current Affairs 22 July 2019

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Current Affairs is a type of broadcast journalism where the emphasis is on detailed analysis and discussion of news stories that have recently occurred or ongoing at the time of broadcast. The article Current Affairs 22 July 2019 includes News summary on current events of International, National, Education, Banking, Markets, Sports, Awards, Appointments and Sicence importance of 22 July 2019.

shape International

Hong Kong protests - Armed mob storms Yuen Long station

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Key Highlights
  • Dozens of masked men armed with batons stormed a train station in the Hong Kong district of Yuen Long on Sunday.

  • Footage posted on social media showed the men, all in white T-shirts, violently attacking people on platforms and inside train carriages.

  • Forty-five people were injured, with one person in a critical condition.
Ukraine election - President Zelensky's party heads for win

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Key Highlights
  • Ukrainian President Volodymyr Zelensky's party is set to convincingly win a snap parliamentary election, consolidating his political power.

  • Exit polls suggest the Servant of the People party will have a majority in parliament - but will need a coalition partner to form a government.

  • Mr. Zelensky triumphed in April's presidential poll - but has been unable to appoint the ministers he wants.
Minority congresswomen should apologise - Trump

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Key Highlights
  • U.S. President Donald Trump renewed his attacks on Sunday on four Democratic congresswomen he launched xenophobic tweets against last week, demanding they apologise “for the horrible (hateful) things they have said.”

  • “I don’t believe the four Congresswomen are capable of loving our country,” Mr. Trump tweeted of ethnic-minority first-term Democrats Alexandria Ocasio-Cortez, Rashida Tlaib, Ilhan Omar and Ayanna Pressley.
Israel says the buildings were built illegally too close to its West Bank separation barrier

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Key Highlights
  • Israeli work crews have begun demolishing dozens of Palestinian homes in an east Jerusalem neighbourhood.

  • Monday’s demolitions cap a years-long legal battle over the buildings, which straddle the city and the occupied West Bank.

  • Israel says the buildings were built illegally too close to its West Bank separation barrier. Residents say they have nowhere to build and getting permits to build homes legally is impossible.

shape National

India strongly rejects Pakistan’s references to Kashmir at NAM Ministerial

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Key Highlights
  • Pakistan’s Parliamentary Secretary for Foreign Affairs Andleeb Abbas raked up the issue of Kashmir and made references to the recent UN Human Rights report on the situation in Jammu and Kashmir.

  • India has strongly rejected Pakistan’s references to Kashmir during the Non Aligned Movement (NAM) Ministerial Meeting in Venezuela, saying the global forum can never be a platform for a “self-serving narrative” that aims to undermine the territorial integrity of one nation by another state.
An analysis of the NITI Aayog’s ‘Healthy States, Progressive India’ report released on June 25

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Key Highlights
  • The report had used an estimated number of births and deliveries to calculate two key health outcome indicators — “full immunisation coverage” and “proportion of institutional deliveries” — which carried high weightage in the calculation of the final index score. The use of estimated numbers instead of the reported figures resulted in a skew.

  • For instance, in the case of Tamil Nadu, which had secured a composite index score of 63.38 for the base year 2015-16, using a reported number of deliveries and births instead of estimated figures would have resulted in an increase of 2.17 points for that year.
Expecting response to our note verbale that we sent on Sunday, say sources

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Key Highlights
  • India is in discussion with Iran to free at least 30 of its nationals who were on board two foreign-flagged ships detained by Iranian authorities.

  • The Indian embassy in Tehran on Sunday sent an official note urging Iran to release the nationals who were seized from a British-owned oil tanker on Saturday. Diplomats also confirmed that Iran held several Indians from a ship captured previously.

shape Education

Rajasthan PTET, BABEd, BSc, BED first counselling list

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Key Highlights
  • Rajasthan PTET, BABEd, BSc, BED first counselling list: The list can be downloaded from ptet2019.org. In case, a candidate wishes to change the college or apply for upward movement, they will have to apply for the same before July 30.

  • Those who have cleared graduation and PTET exam will be enrolled in a two-year BED while those who have cleared class 12 will be eligible for admission to two year BEd programmes.

shape Banking

IL&FS case: SEBI expands probe into role of five credit rating agencies

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Key Highlights
  • Securities and Exchange Board of India (SEBI) expanded its probe into the role of five credit rating agencies after a forensic audit mandated by the new board of crisis-ridden Infrastructure Leasing and Financial Services (IL&FS) flagged serious lapses.

  • They also addressed their possible complicity with the former top brass of the group in giving top ratings despite weak financials.

shape Markets

Today Stock Market Live Updates
  • Kotak Mahindra Bank, United Spirits, Lakshmi Machine Works, Dewan Housing Finance Corporation, Oriental Bank of Commerce, Can Fin Homes, Hindustan Media Ventures, TVS Motor Company, Aptech, ICICI Securities, Just Dial, GlaxoSmithKline

  • Reliance Industries Q1: Consolidated profit falls 2.5 percent to Rs 10,104 crore versus Rs 10,362 crore, revenue rises 13.2 percent to Rs 1.57 lakh crore versus Rs 1.38 lakh crore QoQ.

  • Reliance Jio Q1: Profit rises 6.1 percent to Rs 891 crore versus Rs 840 crore, revenue climbs 5.2 percent to Rs 11,679 crore versus Rs 11,106 crore QoQ.

  • Reliance Industries: Brookfield to invest Rs 25,215 crore in units by Tower Infrastructure Trust. Reliance Industrial Investments & Holdings holds 51 percent stake in Tower Infrastructure Trust.

  • Reliance Industries: Company will merge Reliance Holding USA Inc and Reliance Energy Generation and Distribution Limited with itself.

  • HDFC Bank Q1: Profit grows 21 percent to Rs 5,568.2 crore versus Rs 4,601 crore, NII jumps 22.9 percent to Rs 13,294 crore versus Rs 10,813.6 crore YoY; gross NPA rises to 1.40 percent versus 1.36 percent and net NPA increases to 0.43 percent versus 0.39 percent QoQ.

  • Amara Raja Batteries Q1: Standalone profit jumps 24.7 percent to Rs 140.9 crore versus Rs 113 crore, revenue rises 2 percent to Rs 1,814.9 crore versus Rs 1,778.7 crore YoY.
  • L&T Technology Services Q1: Profit rises 6.5 percent to Rs 204 crore versus Rs 191.5 crore, revenue increases 0.3 percent to Rs 1,347.5 crore versus Rs 1,343.1 crore QoQ.

  • L&T Finance Holdings Q1: Profit increases 2 percent to Rs 549 crore versus Rs 538 crore, revenue rises 15.7 percent to Rs 3,595 crore versus Rs 3,106 crore YoY.

  • InterGlobe Aviation Q1: Profit surges to Rs 1,203 crore versus Rs 27.8 crore, revenue jumps 44.7 percent to Rs 9,420.1 crore versus Rs 6,512 crore YoY.

  • Avanti Feeds Q1: Profit rises to Rs 92.96 crore versus Rs 85.67 crore; revenue increases to Rs 1,093.5 crore versus Rs 1,040.2 crore YoY.

  • Dabur told CNBC-TV18: Company has Rs 50 crore exposure each to DHFL and Reliance Home Finance.

  • Jet Airways: Resolution Professional invites expression of interest for the airline, last date of receipt of EoI set for August 3.

  • June Aviation Data: IndiGo passenger load factor at 90.1 percent against 90.9 percent and market share at 48.1 percent versus 49 percent; SpiceJet passenger load factor at 93.7 percent versus 93.9 percent and market share at 15.6 percent versus 14.8 percent MoM.

  • Cipla: United States Food and Drug Administration (USFDA) conducted a routine cGMP inspection at the API manufacturing facility in Bengaluru and issued 7 observations, none of which were a repeat or related to data integrity.

  • CG Power and Industrial Solutions: Company bagged the contract for 400 MW wind farm in Saudi Arabia.

  • Bharat Heavy Electricals (BHEL) has secured a prestigious order for erection work of reactor side equipment of 2x1000 MWe (Units 3&4) Kudankulam Nuclear Power Project in Tamil Nadu

  • Strides Pharma: Company announced the successful completion of US FDA inspection at its flagship facility in Bangalore, with a Voluntary Action Indicated (VAI) classification.

  • Cipla's wholly-owned step-down subsidiary InvaGen Pharmaceuticals Inc. receives final approval for a generic version of Pfizer's Lyrica Pregabalin Capsules.

  • Edelweiss Financial Services: CRISIL re-affirmed its credit rating of A1+ assigned to the short term borrowing programs of the company.

  • Vodafone Idea: Board of Directors of associate company Aditya Birla Idea Payments Bank approved the voluntary winding up of itself due to unanticipated developments in the business landscape that have made the economic model unviable.

  • REC: Company raised $650 million via bonds.

  • IOL Chemicals & Pharmaceuticals: Company has made the pre-payment of a term loan of Rs 15.39 crore due to banks in addition to a regular repayment schedule.

  • Anu Pharma: Company facility has passed the joint inspection by AEMPS - Spain, EDQM, and WHO-Geneva conducted on November 26-28, 2018.

  • OM Metals Infraprojects: Company acquired an additional 24 percent shareholding in Gujrat Warehousing Private Limited by way of conversion of loan into equity shares, thereby making it a subsidiary company.

  • McNally Bharat Engineering Company: Company received one order from NLC India Limited, relating to work of Formation of Internal & Peripheral roads and Construction of culverts' located at Talabira R&R colony in Odisha worth Rs 10.43 crore.

  • Automobile Corporation of Goa: Board to consider buyback of equity shares of the company on July 24.

  • IndiGo: Board to seek shareholders approval at AGM to enable the induction of an Independent Woman Director.

  • Axis Bank: Board approves raising up to Rs 18,000 crore via securities.

  • DCM Financial Services: Company appointed Somali Tiwari as Chief Financial Officer.

  • Piramal Enterprises: Company made the payment on NCDs due on July 19.

  • Reliance Home Finance: Company made the principal/interest payment on NCDs due on July 19.

  • Indo Count Industries: ICRA revised rating of company's short term credit facilities from A1+ to A1, and long term credit facilities from AA- to A+(A plus) with outlook revised to stable from negative.

  • Brickworks Ratings India has revised the ratings of NCDs worth Rs 50 crore of Cox & Kings to BWR D from BWR C

  • ARSS Infrastructure Projects: Company's JV received work order of Rs 77.96 crore for construction of earthwork, bridgework, protection work for minor and major bridges, slope of bank, buildings, site facilities, general electrical works and other miscellaneous works in connection with the doubling of Sambalpur - Titlagarh in Sambalpur Division of East Coast Railway, from Rail Vikas Nigam Limited.

  • Century Textiles: Company appointed Kumar Mangalam Birla as Chairman.

  • Godawari Power & Ispat: CARE revised its rating on the company's long term bank facility to BBB+ with a stable outlook from BBB earlier.

  • Dr. Reddy's Laboratories: Company sold its US and select territory rights for Zembrace Symtouch (sumatriptan injection) 3 mg and Tosymra (sumatriptan nasal spray) 10 mg, which were commercialized through its wholly-owned subsidiary, Promius Pharma, LLC, to Upsher-Smith Laboratories, LLC.

  • Century Enka: Board elected Rajashree Birla as chairperson.

  • Ashwani Gujral of ashwanigujral.com suggests selling State Bank of India with a stop loss of Rs 361, a target of Rs 346 and Kotak Mahindra Bank with a stop loss of Rs 1520, a target of Rs 1465.

  • Conventional wisdom says a stock correction can be a good entry point. The caveat, however, is whether it's a justified market reaction or an overreaction. That in a way decides the fair price of a stock

  • Volume growth remains uninspiring, better options available at similar valuations

  • Brokerages have retained their positive stance on the stock on strong operating performance and expect the stock to return 14-16 percent over a period of one year

  • Ideas for Profit HDFC Bank Q1 loan growth moderates, but well poised in a tough environment

  • RBL Bank reported over 40 percent rise in net profits for the quarter ended June on the back of higher net interest income and other income

  • The share touched its 52-week high Rs 547.00 and 52-week low Rs 306.50 on 06 August 2018 and 29 January 2019, respectively.

  • The top gainers from NSE include YES Bank, Vedanta, Sun Pharma, Zee Entertainment and Bharti Infratel while the top losers are Bajaj Finserv, HDFC, Bajaj Finance, HDFC Bank and Kotak Mahindra Bank.

  • According to Angel Commodities, MCX Jul cotton close on a positive note last week but we have seen some corrections from higher levels tracking improved sowing, imports, and weak international prices.

  • ICICI Direct expects USDINR to find supports at lower levels. Utilize downsides in the pair to initiate long positions.

  • The FMCG major beat analyst expectations on all parameters in the June quarter with showing a 9.6 percent growth in domestic volume against street expectations of 4 percent.

  • Brokerages expect the stock to return 18-46 percent over a period of one year

  • Any move below the strong support zone of 11,300-11,350 will trigger a move towards 11,100 where 200 DMA and line of parity is placed

  • The bank's profit in Q1 grew 45.6 percent YoY in June quarter despite higher provisions, and net interest income increased 36 percent with loan growth at 39.4 percent YoY

  • The country's third-largest private sector lender by market capitalization is expected to report healthy year-on-year growth in profit and net interest income.

  • The net interest income of the company was up 2.6 percent at Rs 1,371.6 crore against Rs 1,337.3 crore.

shape Sports

Indonesia Open 2019: PV Sindhu Loses to Akane Yamaguchi, Settles for Silver

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Key Highlights
  • World number five PV Sindhu won her first silver medal of the year after finishing second at the Indonesia Open on Sunday.

  • The 24-year-old lost her first final of the year to world number four Akane Yamaguchi 15-21, 16-21 in 51 minutes. Sindhu will next play the Japan Open, which is scheduled to begin on July 23.

shape Appiontments

Kosovo PM resigns after Hague war court summons

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Key Highlights
  • Ramush Haradinaj, prime minister (PM) of Kosovo, Serbia’s southern province has stepped down from his post after he was summoned for questioning as a suspect by the Kosovo Specialist Chambers in The Hague, investigating crimes against ethnic Serbs during the country’s 1998-99 war.

  • Kosovo unilaterally declared independence from Serbia in 2008 and it is recognized by the US (United States) and most of the West, but not by Serbia and its allies Russia and China.

shape Sicence

ISRO's Second Launch Attempt For Chandrayaan 2 At 2:43 pm Today

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Key Highlights
  • Chanryaan-2 Launch Time: The 20-hour countdown for the launch of the Rs. 1,000-crore mission began Sunday evening at 6.43 pm.

  • India's space scientists have a narrow one-minute window for their second attempt at launching moon mission Chandrayaan 2 today, a week after the mission was aborted 56 minutes before lift-off. Chandrayaan 2 will be launched this afternoon at 2.43 pm from Andhra Pradesh's Sriharikota.

  • Scientists of the Indian Space Research Organisation (ISRO) offered prayers at temples near the base and said there would be no repeat of last week's problem.

  • The 20-hour countdown for the launch of the Rs. The 1,000-crore mission began Sunday evening at 6.43 pm. Similar time slots for launch attempts will be available till July 31, say, scientists, after which a window will be available only in September.

  • In tweets, ISRO said it had completed the fuelling the liquid core stage of the Geosynchronous Satellite Launch Vehicle Mark 3 (GSLV Mk 3) rocket, nicknamed 'Baahubali'.

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