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Daily Current Affairs 27th May, 2024: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 27th May, 2024. It includes all Major National, International, Business and Sports related current affairs of 27th May, 2024. A brief explanation of every current affair is provided to further enhance your general knowledge. Once you have gone through these current affairs we would recommend to you to try 27th May, 2024 Current affairs test.

Science & Technology News

SpaceX Deploys first batch of satellites for New US Spy Constellation                                

SpaceX has launched the first batch of operational spy satellites as part of a new American intelligence network. The Falcon 9 rocket, operated by SpaceX, lifted off from Vandenberg Space Force Base in Southern California for this launch. It marks the first deployment of the NRO’s comprehensive system featuring responsive collection and rapid data delivery.

National News

Jyoti Ratre Becomes India’s Oldest Woman to Conquer Mount Everest

Jyoti Ratre, an entrepreneur and fitness enthusiast from Madhya Pradesh, has made history by becoming the oldest Indian woman to climb Mount Everest. Her achievement comes exactly six years after Sangeeta Bahl, who at 53, held the record for being the oldest Indian woman to scale the world’s highest peak on May 19, 2018.

Appointment News

Air India appoints Sanjay Sharma as chief financial officer     

Air India announced the appointment of Sanjay Sharma as the Chief Financial Officer (CFO) with effect from June 10, 2024. Sharma will succeed Vinod Hejmadi, who is retiring after more than three decades with Air India. Sanjay Sharma will report directly to Air India’s CEO and MD, Campbell Wilson.

Awards News

NHPC Honoured with ‘The Economic Times HR World Future Ready Organization Award 2024-25’

NHPC, India’s leading hydropower company, has received the prestigious ‘The Economic Times HR World Future Ready Organization Award 2024-25’. This award recognizes NHPC’s commitment to developing a future-ready workforce and its strategic approach to human resource management.

Sri Sri Ravi Shankar has been awarded the first stamp marking the 200-year anniversary of Indian Origin Tamils in Sri Lanka.

Renowned spiritual leader Sri Sri Ravi Shankar received the inaugural stamp commemorating the 200-year anniversary of Indian Origin Tamils (IOT) in Sri Lanka. This momentous event took place with the esteemed presence of Governor Senthil Thondaman of the Eastern Province of Sri Lanka.

Cannes: Payal Kapadia Wins Grand Prix Award for ‘All We Imagine as Light’

At the 77th Cannes Film Festival, Indian cinema achieved a significant milestone as Payal Kapadia’s film ‘All We Imagine as Light’ won the Grand Prix award, the second-highest honor at the festival. This victory marks a historic moment, with Kapadia becoming the first Indian filmmaker to receive this prestigious accolade.

Business News

DP World Launches Free Trade Warehouse Zone in Chennai

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DP World, a dominant force in global logistics, has unveiled its largest free trade warehouse zone in Chennai, India, cementing Tamil Nadu’s position as a leading center for economic advancement.

Fusion Micro Finance has successfully secured a $25 million loan from the US International Development Finance Corporation (DFC).

Fusion Micro Finance has secured a $25 million loan from the United States International Development Finance Corporation (DFC) to support its expansion initiatives, with a primary focus on empowering rural women entrepreneurs. The initial disbursement of $20 million, part of an eight-year loan, is intended to bolster business operations and advance efforts towards financial inclusion.

Maldives Plans Launch of RuPay to Enhance Bilateral Ties with India

The Maldives has announced plans to launch India’s RuPay service, highlighting the strengthening economic and financial cooperation between the two countries. Although the specific launch date has not been disclosed, the integration of RuPay is expected to enhance financial inclusivity and reduce costs.

RBI Imposes Rs 3.1 Lakh Penalty on Hero FinCorp for Fair Practices Code Violation

The Reserve Bank of India (RBI) has fined Hero FinCorp Limited Rs 3.1 lakh for not complying with certain provisions of the fair practices code. This penalty is due to regulatory compliance deficiencies and does not affect the validity of any transactions or agreements the company has with its customers.

Smartphones Become India’s Fourth Largest Export Item with 42% Growth

Smartphones have emerged as a major export success for India, now ranking as the fourth-largest export item with a 42% growth, reaching $15.6 billion in FY24. This advancement marks an improvement from the previous year, with data collection for smartphones as a separate category beginning in April 2022.

Microsoft Unveils AI-Enhanced ‘Copilot+’ PCs with Unique ‘Recall’ Functionality

Microsoft has launched a new category of personal computers, ‘Copilot+ PCs,’ featuring advanced AI capabilities to compete with Alphabet and Apple. Developed in collaboration with Acer and ASUSTeK Computer, these devices aim to perform AI tasks locally without relying on cloud data centers. The launch event was held at Microsoft’s Redmond, Washington campus on May 20, with sales starting on June 18 at a base price of $1,000.

National Payments Corporation of India Releases Guidelines for Merchant Acquisition on BHIM Aadhar Pay 

The National Payments Corporation of India (NPCI) has published guidelines for acquiring banks to validate merchant details for BHIM Aadhaar Pay. BHIM Aadhaar Pay Functionality:BHIM Aadhaar Pay allows merchants to receive digital payments from customers through Aadhaar Authentication over the counter.

“Fincare Small Finance Bank Limited” Removed from Second Schedule to RBI Act, 1934; Ceases Banking Operations       

The Reserve Bank of India (RBI) informed that “Fincare Small Finance Bank Limited” has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from April 01, 2024, as the bank has ceased to carry on banking business with effect from April 01, 2024. The RBI approved the merger of Fincare Small Finance Bank Ltd with AU Small Finance Bank Ltd.

State News

Uttar Pradesh Leads Transmission Line Additions in 2023-24

According to the Central Electricity Authority’s latest data, Uttar Pradesh has led in adding transmission lines by state transmission companies in 2023-24, maintaining its leading position from the previous fiscal year, 2022-23.

Jaisalmer’s Desert Park Sanctuary for the Majestic Great Indian Bustard

The annual waterhole census in the National Desert Park, Jaisalmer, Rajasthan, has shown a significant presence of the critically endangered Great Indian Bustard. The survey, conducted using the waterhole technique during the hot summer months, counted 64 Great Indian Bustards, a notable increase from the 42 recorded in the previous year’s census.

Sports News

IPL 2024 Award Winners, Check the Complete List

The Kolkata Knight Riders (KKR) won the IPL 2024 title, defeating Sunrisers Hyderabad (SRH) in the final. KKR’s Sunil Narine was named the Most Valuable Player and Ultimate Fantasy Player of the Season. SRH’s Nitish Kumar Reddy was the Emerging Player of the Season. Virat Kohli (RCB) won the Orange Cap for most runs, while Harshal Patel (PBKS) took the Purple Cap for most wickets. Other award winners included Abhishek Sharma (SRH) for Most Sixes, Travis Head (SRH) for Most Fours, and Jake Fraser-McGurk (DC) for Best Strike Rate. SRH received the Fair Play Award, while the Rajiv Gandhi International Stadium in Hyderabad won the Pitch and Ground Award.

Shahid Afridi Appointed as ICC Men’s T20 World Cup Brand Ambassador

The International Cricket Council (ICC) has appointed legendary Pakistani cricketer Shahid Afridi as the brand ambassador for the upcoming 9th ICC Men’s T20 World Cup. This tournament will be co-hosted by the West Indies and the United States of America from June 1 to 29, 2024.


Vicco Chairman Yashwant Pendharkar Passed Away     

Yashwant Pendharkar, chairman of ayurvedic cosmetics giant Vicco Laboratories, passed away at the age of 85 in Nagpur. Vicco Group was founded in 1952. Vicco Laboratories, initially known as Vishnu Industrial Chemical Company, is renowned for manufacturing Indian Ayurvedic herbal hygiene, healthcare, and other products such as herbal toothpaste and herbal tooth powder.

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