Mukesh Ambani and Gautam Adani in the list of top 15 richest people in the world

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1 Mukesh Ambani and Gautam Adani in the list of top 15 richest people in the world

 Two Indians,  Mukesh Ambani and Gautam Adani,  have been included in the list of top 15 extremely rich people in the world  in  the Bloomberg Billionaires Index . Gautam Adani has made it to the list of extremely rich individuals in 2023 after losing his position due to shortselling in his company’s stock following the publication of the Hinderberg report. Adani’s wealth declined due to short selling in 2023 and he was out of the list of top 15 super rich. For the first time, each of the world’s top 15 super-rich has a net worth of  $100 billion or more  . Mukesh Ambai  is at 12th place in this list with assets of $110 billion  . Mukesh Ambani is the Chairman cum Managing Director of  Reliance Industries Limited (RIL)  . RIL is in the business of petrochemicals, oil and gas, telecommunications, retail and financial services. Gautam Adani   is  ranked 14th in the list with a net worth of $100 billion . Adani Group  is into businesses including ports, airports, power generation and transmission, green energy, edible oils, cement and real estate.

2 Conference on Administration of Criminal Justice held in Guwahati

The Union Ministry  of Law and Justice   in collaboration with  the Government of Assam has organized a  two-day conference ‘ India’s Progressive Path in the Administration of Criminal Justice System ‘ on 18-19 May 2024 at Guwahati, Assam . The conference was organized to create awareness about the recent changes made by the government in repealing the British era criminal law and enactment of new law related to the criminal justice system in the country.

3 IFC extends $500 million loan to HDFC Bank to finance micro-credit to women

The International Finance Corporation (IFC)  has   provided a $500 million loan  to  HDFC Bank  to provide loans to  women microfinance borrowers . This information was provided by HDFC Bank on May 17, 2024. India’s largest private sector bank will use the loan amount to provide loans to women self-help groups (SHGs) and joint liability groups (JLGs) that are engaged in a sustainable livelihood initiative. Microfinance in India is dominated by non-banking finance companies (NBFCs) and small finance banks. NBFCs provide loans to SHGs or JLGs at higher rates. Banks have access to cheap funds in the form of CASA (Current Account and Savings Account) deposits, hence they can provide cheap loans to women SHGs or JLGs.

4 12th India-Mongolia Joint Working Group on Defense held in Ulaanbaatar

To promote  defense cooperation  and strengthen defense ties, the 12th Joint Working Group (JWG) meeting of Defense Ministers of India and Mongolia  was held in the Mongolian capital Ulaanbaatar  on 16 and 17 May 2024  . JWG of Defense Ministries is conducted every year. The Indian side was led by Amitabh Prasad, Joint Secretary, Ministry of Defence, Government of India, and Brigadier General Gankhuyag Davagdorj, State Secretary, Ministry of Defence, Mongolia. Indian Ambassador to Mongolia Atul Malhari Gotsurve was also present during the meeting. Amitabh Prasad and Atul Malhari Gotsurve met Mongolian Deputy Defense Minister, B Byramganai and discussed issues of bilateral cooperation. Later, the Indian delegation also visited a training establishment of the Mongolian Defense Force in Ulaanbaatar.

5 Field testing of Artemis-3 mission begins in America

On May 17,  the US space agency NASA  started  simulation testing (imitating a process)   for  the Artemis-3 mission  at  Volcano Field in the US state  of  Arizona . Here astronauts   are practicing moonwalk . NASA is going to send astronauts to the moon after 50 years. Under the Artemis-3 mission,  two astronauts  will land on the moon  in  September 2026 . NASA astronauts  Kate Rubins and Andre Douglas  played the roles of astronauts selected for the Artemis-2 mission. During this, he wore clothes that looked like a spacesuit and examined the hardware. He also practiced collecting samples from the lunar surface. Two teams were formed for this simulation testing which lasted for a week. These will include astronauts, engineers, field experts, flight controllers and scientists. It will test every aspect of the Moon mission, for which 4 Moonwalks and 6 Advanced Technology Testing have been planned. The Arizona desert has been used as a training ground for lunar missions since the Apollo 11 mission in 1969.

6 Sanjeev Jain becomes the new COO of Wipro

On  May 17,   Wipro  appointed Sanjeev Jain as  the company’s  Chief Operating Officer (COO)  . Sanjeev Jain has been appointed in place of former COO Amit Chaudhary, who recently resigned from the company. Wipro has appointed Sanjeev Jain as the new COO of the company in place of Amit Chaudhary, he will work based in Bengaluru. Sanjeev Jain joined the company in 2023 as Global Head of Business Operations of Wipro. Sanjeev Jain will report to the company’s MD and CEO Srinivas Palliya and will remain a member of Wipro’s executive committee. Sanjeev Jain has been leading Wipro’s talent supply chain since joining the firm. Before joining Wipro, Sanjeev Jain worked at Kindril Holdings (IBM spin-off), IBM, Cognizant and GE.

7 Egyptian king’s face recreated after 3400 years

 According to The Economic Times on May 17  , scientists   have together created the face  of  Amenhotep III, who was the king of Egypt in the 14th century, using his mummy . This is the first time in the last 3400 years that the face of Amenhotep, the world’s richest man, has been recreated. Amenhotep was very powerful in the 14th century, he was worshiped like a god in Egypt. Under the leadership of Amenhotep, not only Egypt developed, but it also emerged as a superpower at the international level. To create Amenhotep’s face, scientists collected data from the mummy’s head, including Brazilian graphics designers in the recreation team. Amenhotep was the grandfather of the Egyptian king Tutankhamun, who was part of the 18th dynasty of Egypt. He was named after Amun, god of the sun and wind, whom Amenhotep claimed as his father. Through his diplomatic letters it is estimated that he had immense wealth. Study of Amenhotep’s mummy revealed that his height would have been approximately 156 cm (5 feet 1 inch). Amenhotep died in 1352 BC at the age of about 40-50. This mummy of Amenhotep was discovered in 1881. This mummy is so delicate that even after centuries scientists did not dare to open it completely.

8 X’s domain changed from twitter.com to x.com

 On  May 17, American businessman Elon Musk  changed  the domain name of  social media platform X   to x.com. A message is also now visible at the bottom of the X login page that reads, ‘We’re letting you know that we’re changing our URL, but your privacy and data protection settings will remain the same.’  On July 24, 2023, Musk changed the name and logo of Twitter to  X. Then x.com was redirected to twitter.com. Now along with changing the main domain to x.com, twitter.com has been redirected to it. Elon Musk bought Twitter (now X) for $44 billion on October 27, 2022. As of today, this amount is around Rs 3.6 lakh crore. Since then, many major changes have been made in the platform.

9 Indian table tennis team announced for Paris Olympics

Late in the evening of 16 May, the Table Tennis Federation of India (TTFI)  announced  a six-member team   for  the Paris OlympicsCommonwealth Games champions Sharath Kamal  and  Manika Batra  will lead the Indian table tennis team. The men’s team consists of  Sharath Kamal, Harmeet Desai and Manav Thakkar  .  G Sathiyan  got a place in the men’s team as a reserve player. The women’s team consists of  Manika Batra, Shreeja Akula and Archana Kamath  . Ayhika Mukherjee  will be the reserve player for the women’s team  . Indian players will participate in singles and team events in Paris. Sharath Kamal and Harmeet Desai are in men’s singles. Women’s singles features Manika Batra and Sreeja Akula. The Olympic Games 2024 will be organized in  the French city of Paris from 26 July 2024  .

10 Nikhat Zareen wins gold in Elorda Cup 2024

On May 18,  Indian boxer Nikhat Zareen  won   the gold medal in  Elorda Cup 2024 . Nikhat   had participated in the women’s 52 kg boxing event. Nikhat  defeated Kazakhstan  ‘s  Jazira Urakbayeva  5-0. 27-year-old Nikhat   had won the silver medal  in  the Thailand Open International Boxing Tournament  in  Bangkok . In 2011, Nikhat won gold for India in the AIBA Youth and Junior World Championships. In the Elorda Cup 2024, four boxers from India won bronze medals in the competition. These include Yaifaba Singh Soibham, Abhishek Yadav, Vishal and Gaurav Chauhan.

11 Brazil will host FIFA Women’s World Cup 2027

The 74th Congress meeting  of  the Fédération Internationale de Football Association (FIFA)  was held  in  Thailand on 17 May  . In this,  the name of  Brazil  was announced as the host country of the 10th FIFA Women’s Football World Cup   to be held  in 2027 . Along with this, this   will be the first Women’s Football World Cup to be held in South America . Brazil  won the hosting bid over the Netherlands, Belgium and Germany  . In April 2024, America and Mexico had pulled themselves out of the race to host the Women’s World Cup. Brazil previously hosted the Men’s Football World Cup in 1950 and 2014. Nine editions of the FIFA Women’s Football World Cup have been played since 1991. Australia and New Zealand jointly hosted the FIFA Women’s Football World Cup 2023.

12 International Women in Maritime Day

Ministry of Ports, Shipping and Waterways  (MOPSW)   celebrated  the International Day of Women Seafarers  in New Delhi to honor the significant contribution of  women seafarers  . This year’s theme, ” Secure Horizons: Women in Shaping the Future of Maritime Security ” underlines the importance of women’s safety and security in the maritime sector. IMO International Day of Seafaring Women   is observed every year on 18 May .