Daily GK Updates - 16th October, 2016

NATIONAL UPDATES:

1. Market capitalization: Infosys loses fifth spot to ONGC: Data from BSE showed that Oil and Natural Gas Corp. Ltd (ONGC) beat India’s second largest software exporter Infosys Ltd to become the fifth most valuable company in India by market capitalization. 

2. India-Russia sign agreement to produce Ka-226T helicopters jointly: On the birthday of India's Missile men A. P. J. Abdul Kalam , India and Russia formally inked the agreement for five S-400 Triumph air defence systems and four stealth frigates and a joint venture to manufacture Kamov-226T helicopters in India.

3. Union Government has launched Mining Surveillance System: The mines ministry on 15th oct came out with mining surveillance system (MSS), a pan-India surveillance network using latest satellite technology, to check illegal mining. 

4. Rajnath Singh inaugurates 10 days long ‘Rashtriya Sanskriti Mahotsav - 2016’: ‘Rashtriya Sanskriti Mahotsav (RSM) -2016’ is being organized by M/o Culture in IGNCA premises, Janpath, New Delhi from 15th to 24th October, 2016. 

INTERNATIONAL UPDATES:

1. Finland is the safest country in the world: WEF: A recent report carried out by the World Economic Forum (WEF) on ‘Safety and Security,’ has revealed that the Finland is the safest place in the world with Qatar and UAE ranked second and third respectively.

OTHER UPDATES:

FINANCE/BANKING:                                 

1. In the First, Bank deposits cross Rs 100 lakh crore:According to the data released by the RBI ,India’ banking system reported total deposits of Rs 100 lakh crore for the first time ever in September month of this year. 

SPORTS:

2. Brazil lifted Inaugural BRICS U–17 Football Tournament Championship:Brazil has lifted the 1st BRICS U-17 Football Tournament 2016 held at Goa after defeating the South Africa in the title clash with 5-1.

3. India becomes first team to play 900 ODIs:India's ODI against New Zealand at Dharamshala on 16th oct 2016 is the team's 900th making it the world first side to achieve a milestone. 

4. Usian Bolt to retire after the 2017 World Championships:Jamaican athlete Usain Bolt has confirmed that he is going to retire after the 2017 World Championships in London, and also informed that the Racers Grand Prix later this year will be his last race on Jamaican soil.