Current Affairs Dated 07-10-2020
1. Govt launches online Start-up Discovery Platform
The Department for Promotion of Industry and Internal Trade - DPIIT on Tuesday, 07.10.2020 launched an online discovery platform for startups called "Startup India Showcase". The website will feature startups picked by experts and professionals that have gone through multiple rounds of screening and evaluation and will also show startups that have won competitions or have shwon expectional innovation.
These Start-ups will have their own profile pages on Social Platforms like - LinkdIn, Twitter.
2. Trueky seeks to continue Armenian genocide in disputed area: Armenia
Armenian PM Nikol Pashiyan said that actions of Turkey and Azerbaijan in the disputed region of Nagorno-Karabakh amounted to a "terroistic attack" and a continutaion of the Armenian genocide. An estimated 15lakh Armenians were killed by Ottoman Turks from 1915 to 1923. Clashes between Armenia and Azerbaijan broke out last month over the disputed region.
Turkey has suppoted Azerbaijan in the conflict.
3. Situation unsuitable to reopen Schools: Maharashtra Edu Minister
Maharashtra Higher and Technical Education Minister Uday Samant on Tuesday said that due to the COVID-19 situation in the state, it's not appropriate to allow physical classes in schools and colleges. "We have directed institutions to avoid collecting development fees as there have been no physical classes," he added. There are more than 2,47,000 active COVID-19 cases in Maharashtra currently.
4. Amazon sends legal notice to Future Group over Reliance deal: Report
Amazon has sent a legal notice to Future Group's promoter, Future Coupons, for breaching contract over its deal with Reliance Retail, ET Now reported. Amazon, which holds 3.6% stake in Future Group, alleged it was denied Right of First Refusal in the deal. Reliance had announced that it'll acquire Future Group's retail, wholesale, logistics and warehousing business for ₹24,713 crore.
Amazon has 49% stake in Future Coupons.
5. TCS announces ₹16,000-crore share buyback at ₹3,000 apiece
Tata Consultancy Services' board has approved a proposal to buy back share worth up to ₹16,000 crore. The company will repurchase 5.33 crore shares at ₹3,000 apiece, a 9.6% premium to Wednesday's closing price. This is the company's third buyback in four years. On Wednesday, 07.10.2020, TCS reported a 7.1% fall in a net profit during July - September period from the previous year.
TCS crossed ₹10lakh cr m-cap on Monday, 05.10.2020
6. Congress releases list of 21 candidates for 1st phase of Bihar Assembly elections
Congress on Wednesday, 07.10.2020 released a list of 21 candidates for the first phase of Bihar Assembly elections. It has fielded Sanjay Kumar Tiwari from Buxar, Anand Shankar Singh from Aurangabad, Shashi Shekhar Singh from Wazirganj, Nitu Kumari from Hisua and Sudhir Kumar from Sikandra - SC. Out of 41 seats that Congress contested in 2015 polls, it won 27 seats.
Congress is part of the Grand Alliance.
7. FIR filed against Sachin Pilot's media manager in phone tapping case
Rajasthan Police has lodged an FIR against Sachin Pilot's media manager Lokendra Singh, two months after the former Deputy CM's camp accused Cheif Minster Ashok Gehlot - led government of tapping phones of some of the MLAs. Police summoned Singh for questioning on Thursday and asked him to bring his mobile, laptop or computer through which he allegedly dissemniated the said information.
8. Google faces antitrust case in India over abuse in smart TV market
A new antitrsut case has been filed against Google in India for allegedly abusing its Android operating system's position in the smart television market, sources told Reuters. Google's agreements with companies like Xiaomi and TCL India prevent them from using both Android system and a modified version of it on different devices they make, sources added.
The case is being reviewed by the CCI.
9. UGC releases list of 24 universities declared 'fake'
The University Grants Commission - UGC released a list of "self-styled, unrecognised institutions" functioning in contravention of the UGC Act and declared them FAKE.
A maximum eight of these universities are in Uttar Pradesh, followed by seven in Delhi and two each in West Bengal and Odisha. Karnataka, Kerla, Puducherry, Maharashtra and Andhra Pradesh have one such fake university each.
These aren't empowered to confer any degree: UGC.
10. French-American female duo wins Chemistry Nobel for developing tools to edit DNA
The duo discovered one of gene technology's sharpest tools, the CRISPR/Cas9 genetic scissors. For their Nobel win, they will get 10millions Swedish kronor (₹8.2 crores) prize money.
About the Award & Who received it :
The 2020 Nobel Prize in Chemistry has been awarded to French researcher Emmanuelle Charpentier and American biochemist Jennifer A Doudna for developing the tools to edit DNA.
Their tech contributing to cancer therapies.