DAILY CURRENT AFFAIRS: 8TH NOV 2016
(Daily News India)
1. 128TH
ANNIVERSARY OF SIR CV RAMAN BEING CELEBRATED ON 7TH NOVEMBER.
i. The 128th
anniversary of Nobel laureate Bharat Ratna Sir CV Raman is being celebrated on
7th November.
ii. He was
born on November 7, 1888 at Thiruvanaikaval in Tiruchirapalli Tamil Nadu.
iii.Sir CV
Raman won the Nobel prize in Physics
1930 for his discovery -Raman effect -
the scattering of light which makes the sea and clear sky look blue.
2. FIRST
S4A DEBT RECAST GETS APPROVAL
i.
Construction major Hindustan Construction Company became India’s first firm to
get debt recast under RBI’s new Scheme for Sustainable Structuring of Stressed
Assets .
ii. The S4A
has approved HCC’s Rs. 5,000-crore debt recast passed by an ICICI Bank-led
joint lender forum in September 2016.
iii. Under
this debt recast of HCC 52% of the debt was found to be sustainable and can be
serviced as per original terms and conditions, including about interest rate
and tenure.
3. GOOGLE
CAPITAL CHANGES ITS NAME TO 'CAPITALG'
i. Google
Capital, the search giant's venture arm that invests in growth-stage companies,
has changed its name to 'CapitalG'.
ii. The old
GoogleCapital.com domain now forwards to CapitalG.com, and Google Capital's
Twitter account has announced that it’s being retired in favour of a new
@CapitalGTweets account.
iii.
CapitalG’s new site confirms a previously unmentioned detail that it has
invested in Snapchat.
4. RBI
APPOINTS M RAJESHWAR RAO AS EXECUTIVE DIRECTOR
i. The
Reserve Bank has appointed M Rajeshwar Rao as Executive Director following G
Mahalingam’s voluntary retirement from the central bank.
ii. As
Executive Director, Rao will look after Department of Statistics and
Information Management, Financial markets Operations Department and
International Department.