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Current Affairs 17 July 2019

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Current Affairs 17 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 17 July 2019 includes News summary on current events of International, National, Education, Banking, Markets, Sports, Awards, Appointments and Obituary importance of 17 July 2019.

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The US House of Representatives has voted to symbolically condemn President Donald Trump after a series of attacks aimed at four congresswomen.

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Key Highlights
  • The resolution denounced Mr Trump's "racist comments that have legitimised fear and hatred of New Americans and people of colour".

  • Mr. Trump had been accused of racism and xenophobia for telling the members of Congress to leave the country.

  • The president has since tweeted: "I don't have a Racist bone in my body!"

  • Tuesday's vote passed by 240 votes to 187 in the Democratic-controlled chamber. Four Republicans and the chamber's sole independent, former Republican lawmaker Justin Amash, joined all 235 Democrats to approve the resolution.
Three Australian newspapers have lost an appeal against a defamation payout that was awarded to West Indies cricketer Chris Gayle.

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Key Highlights
  • Articles published in the Sydney Morning Herald, The Age and the Canberra Times reported claims that Gayle had exposed himself to a female massage therapist in Sydney in 2015.

  • Gayle said the stories were not true, and successfully sued for defamation.

  • A court has rejected both the appeal and a bid by Gayle for a larger payout.

  • The 39-year-old batsman was awarded A$300,000 (£170,000; $210,000) by the Supreme Court of New South Wales last year.
Peru's former President Alejandro Toledo has been arrested in the US, the Peruvian authorities say

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Key Highlights
  • The chief prosecutor's office said his arrest was in connection with an extradition request issued in March last year.

  • Mr. Toledo is accused of taking $20m in bribes from the Brazilian construction company, Odebrecht, during his time in office between 2001 and 2006.

  • He denies all the charges and says they are politically motivated.
Washington may seek Pak. assistance in securing a deal to end war in Afghanistan

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Key Highlights
  • Pakistan expressed hopes on Tuesday that Prime Minister Imran Khan’s maiden trip to the White House later this month would help repair its acrimonious relationship with Washington as the U.S. seeks its help in ending the war in Afghanistan.

  • Observers believe that the nearly 18-year conflict will be the major focus of talks between Mr. Khan and President Donald Trump when they meet on July 22, as Washington presses for Pakistani assistance in securing a peace deal.
Senior presidential adviser Jared Kushner, who is also the son-in-law of United States President Donald Trump,

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Key Highlights
  • The Trump administration is proposing a nearly five-fold increase in merit-based legal immigration and half those based on family and humanitarian system, in an effort to overhaul the outdated system.

  • Senior presidential adviser Jared Kushner, who is also the son-in-law of United States President Donald Trump, said having an immigration policy that would attract talented and meritorious people from across the world would create over USD 500 billion in tax revenues over 10 years.

shape National

The State Dept. was responding to a question on the recent visit of an U.S. Trade Representative official to India for talks

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Key Highlights
  • There is an “enormous potential” for growth in the India-U.S. relationship, the Trump administration has said, exuding confidence that the ongoing trade negotiations could be worked through because of the friendship between the two nations.

  • “As it relates to our trade relationship, the secretary (of state) has said this as well when we were in India: that we see a lot of opportunity for growth in our relationship. We see enormous potential,” State Department Spokesperson Morgan Ortagus told reporters at a news conference on Tuesday.
Remains in air for two extra hours

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Key Highlights
  • Poor weather forced a Vistara flight to turn from one airport to another requesting for permission to land, before it declared a fuel emergency and arrived at Lucknow after two extra hours of being in air.

  • Passengers, meanwhile, had an anxious time waiting for their ordeal to end.
After complaints from the Opposition, Mr. Modi takes note of those who skipped roster duty in Parliament

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Key Highlights
  • Prime Minister Narendra Modi on Tuesday pulled up Ministers for playing truant from roster duty in Parliament, taking cognizance of complaints by Opposition leaders.

  • Addressing the weekly meeting of the BJP’s Parliamentary Party (when session is on), Mr. Modi said he had “asked for the names” of errant Ministers and taken the matter seriously.
Haryana government officials to discuss trade with Korean investors over golf

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Key Highlights
  • Haryana government officials will engage in a game of golf with Korean investors later this week to aide trade talks.

  • The government is organizing The India Korea Golf Meet on July 19 in the city for the cause. The event will be held in DLF Golf and Country Club in DLF Phase-5.
Kulbhushan Jadhav - International Court of Justice to rule on 'India spy' case

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Key Highlights
  • India denies Kulbhushan Jadhav is a spy. It has argued in the International Court of Justice (ICJ) that Pakistan has violated international law by forbidding consular access to him.

  • The rulings of the ICJ are binding but it has no power to enforce them.

  • The verdict is likely to fuel tensions between the nuclear powers.

  • India and Pakistan went to the brink of war in February over the disputed territory of Kashmir.

shape Education

UP BTC Merit List 2019 released at updeled.gov.in, Get Direct link here

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Key Highlights
  • The Uttar Pradesh Education Board (UPEB) has released the UP D.El.Ed Merit List 2019. Formerly known as UP BTC, the merit list was released online on the official website.

  • Candidates who appeared for the entrance exam and have been looking forward to the UP BTC Merit List 2019 can now access the merit list.

  • The merit list is created on the basis of marks and ranks secured in the entrance exam.
ICAR AIEEA result 2019 today

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Key Highlights
  • The result will be based on the final answer key. Those who clear the exam will be eligible for counselling rounds. Check ICAR result at ntaicar.nic.in

  • The NTA has not announced the result time yet. In the final answer key, several questions remain cancelled, marks for which will be awarded to all the candidates irrespective of whether they have appeared for the particular question or not.

shape Banking

Federal Bank net zooms over 46% on fee income, stable assets

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Key Highlights
  • Federal Bank’s net profit shot up by 46.25 per cent to ₹384.21 crore in the first quarter of this fiscal on the back of stable asset quality and robust non-core income.

  • The Kochi-based private sector lender had reported a net profit of ₹262.71 crore in the quarter ended June 30, 2018.

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India to host ISSF World Cup from March 15 to 26, 2020 in New Delhi

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Key Highlights
  • International Shooting Sport Federation (ISSF) approved India’s application to host the ISSF World Cup stages. ISSF World Cup in rifle/pistol/shotgun events to be held at the Dr. Karni Singh Range, Tughlakabad, New Delhi from March 15 to 26, 2020.

  • The World Cup in rifle, pistol and shotgun, a test event for the Olympics, will be held in Tokyo, Japan from April 15 to 27, 2020, followed by the World Cup in rifle and pistol in Munich, Germany, from June 2 to 9, 2020

shape Markets

Today Stock Market Live Updates
  • DCB Bank Q1: Profit grows 16.6 percent to Rs 81.1 crore versus Rs 69.5 crore and NII rises 11.7 percent to Rs 304.7 crore versus Rs 272.9 crore YoY; gross NPA at 1.96 percent versus 1.84 percent and net NPA at 0.81 percent versus 0.65 percent QoQ.

  • MCX Q1: Consolidated net profit jumps to Rs 43.7 crore versus Rs 7.3 crore (There was an exceptional loss of Rs 23.8 crore in Q1FY19), revenue rises 9.1 percent to Rs 79.4 crore versus Rs 72.8 crore YoY.

  • Jay Bharat Maruti Q1: Consolidated profit falls to Rs 7.85 crore versus Rs 13.44 crore; revenue dips to Rs 443 crore versus Rs 506 crore YoY.

  • 5paisa Capital Q1: Consolidated loss at Rs 0.52 crore versus loss Rs 6.09 crore; revenue jumps to Rs 22.86 crore versus Rs 8.97 crore YoY.

  • 5paisa Capital: Rights issue of Rs 101.9 crore will open during July 23 and August 6.

  • BHEL: A contract to construct a raw material handling system at NMDC's under construction integrated steel plant, Nagarnar, Chhattisgarh is being executed by BHEL-ISG Bengaluru division. The company received a notice of termination from NMDC for this contract. BHEL proposes to take up the matter through the redressal mechanism available for disputes resolution between CPSEs.

  • Punjab & Sind Bank: Bank set lending rate for 1-year tenor at 8.70 percent from July 16.

  • IL&FS Engineering: Company received a resignation letter from auditor BSR & Associates due to non-payment of audit fees.

  • InterGlobe Aviation: Ministry of Corporate Affairs seeks comments from IndiGo on recent promoters' differences and claims of corporate governance lapse raised by Rakesh Gangwal.

  • Manaksia: Company appointed Bharat Begwani as Chief Financial Officer.

  • Astron Paper & Board Mill: Unit-1 in Halvad, Gujarat) will be shut during July 16-20 for scheduled preventive maintenance of boiler/power plant.

  • Unitech: Internal auditor SKP & Co resigned.

  • Suzlon Energy: Company has not paid the principal of $172 million due on bonds. It is working on a holistic solution on debt obligations and in talks with stakeholders.

  • KNR Constructions: Company received orders worth of Rs 847.34 crore from Navayuga Engineering Company.

  • Sadbhav Infrastructure: April-June period toll revenues rise 2.3 percent to Rs 280 crore YoY.

  • KRBL: CARE placed the company's commercial papers worth Rs 700 crore under credit watch with negative implications.

  • Quick Heal Technologies: Company appointed Amitabha Mukhopadhyay as Independent Director for a term of 5 years.

  • Nifty may see follow-through buying in coming sessions.

  • To buy and sell ideas by Ashwani Gujral, Sudarshan Sukhani, Prakash Gaba for short term.

  • Decent show from Federal Bank – Accumulate on the decline.

  • KNR Constructions climbs 4% on work order from Navayuga Engineering.

  • DCB Bank tanks 14% after dismal Q1 show; Emkay maintains 'sell' call.

  • Earnings effect: HDFC AMC jumps 7% to hit record high; global brokerages raise the target

  • Cox & Kings locked at 5% lower circuit for 16th straight session

  • National Aluminium Q1 PAT may dip 60.8% YoY to Rs. 245.9 cr: Kotak

  • NMDC Q1 PAT seen up 34.8% YoY to Rs. 1,314.5 cr: Kotak

  • Tata Steel Q1 PAT may dip 45.1% YoY to Rs. 1,260.5 cr: Kotak

  • Vedanta Q1 PAT seen up 0.9% YoY to Rs. 1,547.2 cr: Kotak

  • Net Sales are expected to increase by 2.8 percent Y-o-Y (down 1 percent Q-o-Q) to Rs. 73,672.9 crore, according to Kotak.

  • Kotak has come out with its first-quarter (April-June’ 19) earnings estimates for the Oil, Gas & Consumable Fuels sector. The brokerage house expects Coal India to report net profit at Rs. 4,359.5 crores up 15.2% year-on-year (down 27.7% quarter-on-quarter).

  • IOCL Q1 PAT may dip 82.3% YoY to Rs. 1,207.2 cr: Kotak

  • Gold's share in turnover increased to 17 percent at the end of June quarter, from 13 percent in the March quarter. Gold and crude together accounted for 58 percent of turnover in Q1

  • Kotak has come out with its first-quarter (April-June’ 19) earnings estimates for the Oil, Gas & Consumable Fuels sector. The brokerage house expects ONGC to report net profit at Rs. 6,816.1 crores up 10.9% year-on-year (up 21.7% quarter-on-quarter).

  • According to Angel Broking, EURUSD depreciated by 0.11 percent yesterday while EURINR appreciated by 0.47 percent during the same time frame.

  • Soybean prices are expected to trade sideways today: Angel Commodities

  • Motilal Oswal is bullish on Federal Bank has recommended buy rating on the stock with a target price of Rs 125 in its research report dated July 16, 2019.
  • Sharekhan is bullish on Larsen and Toubro has recommended buy rating on the stock with a target price of Rs 1820 in its research report dated July 16, 2019.

  • Sharekhan is bullish on Federal Bank has recommended buy rating on the stock with a target price of Rs 128 in its research report dated July 16, 2019.

  • Kotak has come out with its first-quarter (April-June’ 19) earnings estimates for the Oil, Gas & Consumable Fuels sector. The brokerage house expects Oil India to report net profit at Rs. 780.9 crores up 11% year-on-year (down 71.7% quarter-on-quarter).

  • Prabhudas Lilladher is bullish on Federal Bank has recommended buy rating on the stock with a target price of Rs 121 in its research report dated July 16, 2019.

  • Dolat Capital recommended accumulating rating on Bajaj Consumer Care with a target price of Rs 359 in its research report dated July 16, 2019.

  • ICICI Direct is bullish on Aditya Birla Fashion and Retail has recommended buy rating on the stock with a target price of Rs 240 in its research report dated July 16, 2019.

  • Kotak has come out with its first-quarter (April-June’ 19) earnings estimates for the Retailing sector. The brokerage house expects Aditya Birla Fashion & Retail to report net profit at Rs. 18.3 crores up 227.5% year-on-year (down 91% quarter-on-quarter).

  • HDFC Securities is bullish on Laurus Labs has recommended buy rating on the stock with a target price of Rs 515 in its research report dated July 15, 2019.

  • PhillipCapital cut its FY20-21 EPS estimates by 13-16 percent to account for subdued demand.

shape Awards

Somalia to honour journalist murdered by al-Shabab

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Key Highlights
  • Somalia's government has announced that it will award a prize in honour of journalist Hodan Nalayeh who was killed in an attack by Islamist militants.

  • The annual Hodan Nalayeh prize will be awarded to "outstanding" individuals from the Somali diaspora.

  • Nalayeh, who grew up in Canada, returned to Somalia last year to highlight positive stories about her country of birth.

shape Appointments

Germany's Ursula von der Leyen has been narrowly elected president of the EU Commission following a secret ballot among MEPs.

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Key Highlights
  • The centre-right defence minister will replace Commission President Jean-Claude Juncker on 1 November.

  • She secured the backing of more than half of the members of the European Parliament on Tuesday evening.

  • The Commission drafts EU laws enforce EU rules and have the power to impose fines on member states if necessary.
Christine Lagarde has said she will step down as managing director of the International Monetary Fund (IMF).

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Key Highlights
  • It comes ahead of a decision on her nomination to become head of the European Central Bank (ECB).

  • Ms. Lagarde said she would leave the IMF on 12 September.

  • "With greater clarity now on the process for my nomination as ECB president and the time it will take, I have made this decision in the best interest of the fund," she said.
Biswa Bhushan Harichandran has been appointed as Andhra Pradesh governor

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Key Highlights
  • BJP senior leader Biswa Bhushan Harichandran has been appointed as Andhra Pradesh governor by the president Ramnath Kovind.

  • The 84-year-old leader was elected to Odisha assmebly for the five times from Bhubaneshwar and Chilika. He also served as a former law minister in BJD-BJP government in Odisha in 2004.

  • He ventured into politics in 1971 by joining Bharatiya Janata Party (BJP). Currently, ESL Narasimhan is serving as the governor of Andhra Pradesh and Telangana.

  • Narasimhan who was appointed as the governor of united Andhra Pradesh has continued as the governor of both the Telugu states after bifurcation.
Anysuya Uikey is new Chhattisgarh governor, Harishchandran to take charge of Andhra Pradesh

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Key Highlights
  • The Rashtrapati Bhavan Tuesday appointed former Rajya Sabha MP Anysuya Uikey as the Governor of Chhattisgarh and Biswa Bhusan Harishchandran as the Governor of Andhra Pradesh.

  • Anysuya Uikey will be succeeding Anandiben Patel, while Harishchandran will be taking over from ESL Narasimhan.

  • Anandiben Patel, who is Governor of Madhya Pradesh, was given additional responsibility of Chhattisgarh following the death of Balram Das Tandon last year.

shape Sicence

That's no sunspot - NASA shares pic with ISS in front of the Sun

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Key Highlights
  • NASA has shared an image of the Sun with International Space Station (ISS) appearing in front of it as a tiny black spot.

  • "That's no sunspot," NASA said, adding the ISS is one of the largest and most sophisticated machines ever created. "Strangely in this recent two-image composite, the Sun lacked any real sunspots," the space agency added.

shape Obituray

Johnny Clegg, South African musician and activist, dies aged 66

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Key Highlights
  • Known as the "white Zulu", he was a vocal critic of the apartheid government which ruled until 1994.

  • The British-born musician, who uniquely blended western and Zulu music, was diagnosed with cancer in 2015.

  • His best-known hit Asimbonanga, released in 1987, was dedicated to Nelson Mandela.

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