DMK welcomes Chennai Metro Rail launch
(i) The DMK on Monday welcomed the launch of Chennai Metro Rail services and claimed credit for bringing the transport system to this metropolis.
(ii) Party treasurer M.K. Stalin said that the inauguration of the Metro Rail by Chief Minister Jayalalithaa brought ‘great joy’ to him.
(iii) “This project was initiated by the DMK government to provide the city with a world-class mass rapid transport system (MRTS).
(iv) The sanction of Rs 14,600 crore for the project was approved by the DMK Cabinet on November 7, 2007,” he said in a statement.
(i) Country’s second largest private sector lender HDFC Bank on Monday launched ’30-min auto’ and ’15-min 2-wheeler’ loan schemes, for which customers have to provide only their biometric details.
(ii) “The 30-minute auto loan is available for HDFC Bank customers, as well as others. With this technology-enabled solution, loans for two-wheelers can also be approved within 15 minutes,” the Bank said in a release.
(iii) Any person willing to avail a loan can walk into an auto dealership or any other touch points of the bank and provide the Aadhaar card number and fingerprint, it said.
(iv) The 30-minute auto loan and 15-minute two-wheeler loan is the latest initiative in HDFC Bank’s digital banking offering christened Go Digital.
Amazon catches up, gets past Flipkart on site visits
(i) As e-commerce players battle it out for buyers’ attention, Amazon India has caught up with Flipkart and overtaken Snapdeal in terms of monthly unique visitors in May.
(ii) According to data from Internet analytics firm comScoreData, Amazon India had 23.6 million unique visitors in May, edging past Flipkart narrowly.
(iii) While Flipkart saw 23.5 million unique visitors, Snapdeal had 17.9 million in May this year.
(iv) Industry experts caution that unique visitors are just another metric for e-commerce companies, and the ‘loyalty and stickiness’ of customers are a more reliable measure to go by.
Chris Brown, Nicki Minaj, Beyonce win big at BET Awards
(i) Though she was absent, Beyonce won three BET Awards, including video of the year for “7/11,” while Chris Brown and Nicki Minaj also won multiple awards at the all-star show on Sunday night.
(ii) But the show was less about the awards video of the year didn’t even make the live broadcast as performances stole the night.
(iii) Minaj, who won the fan-voted viewer’s choice award, brought her mom onstage when she collected her sixth consecutive best female hip-hop artist award.
(iv) “Momma, I want to thank you from the bottom of my heart for everything you’ve done for me. I love you so much,” said Minaj, who performed her with rapper-boyfriend Meek Mill later in the show.
(v) Beyonce’s wins included best female R&B/hip-hop artist and video director of the year.
Jwala-Ashwini pair wins Canada Open
(i) Indian shuttlers Jwala Gutta and Ashwini Ponnappa won the Canada Open women’s doubles title after upstaging the top-seeded Dutch pair of Eefje Muskens and Selena Piek in the summit clash.
(ii) The third-seeded Indian pair triumphed 21-19 21-16 in the contest which lasted 35 minutes.
(iii) However, Muskens and Piek fought back to win nine points straight and tie the game at 15-15.
(iv) But Jwala and Ashwini did not let the advantage slip and won 6 of the next 7 points to clinch the title.
(v) This was Jwala and Ashwini’s first title since their reunion after the 2012 London Olympics.
Germany shuts down oldest n-plant
(i) Germany’s oldest remaining nuclear reactor has been shut down, part of a move initiated four years ago to switch off all its nuclear plants by 2022.
(ii) The Grafenrheinfeld reactor in Bavaria was taken offline as scheduled overnight, the southern German State’s environment ministry said on Sunday.
(iii) The reactor, which went into service in 1981, is the first to close since Germany switched off the oldest eight of its 17 nuclear reactors in 2011, just after Japan’s Fukushima disaster.
(iv) The next to close will be one of two reactors at the Gundremmingen plant in Bavariain late 2017.
Union Bank to raise Rs. 3,700 crore
(i) Union Bank of India will be raising Rs.3,700 crore for augmenting capital. This will be done through a public issue of shares or a rights issue or private placement, including qualified institutional placement.
(ii) At the annual general meeting on Friday, the bank moved a special resolution to this effect and got the shareholders’ approval, a notification on the BSE said.
(iii) The additional capital is needed to comply with the Basel III requirement and to meet expenditure on future expansion plans.
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