Top News Headlines of 17 May 2014

Breaking news of 17 May 2014 Grab top news headlines and major events for Current Affairs GK from all around the World.

  • Three-time Chief Minister of Assam, Tarun Gogoi, on Friday has taken responsibility for Congress’ poor performance and announced that he is stepping down. The announcement came in the wake of the election results that shows BJP stealing the show with over 323 seats, a very safe majority.
  • Indian stocks erased most of their early gains but closed higher as the BJP get a majority in the Lok Sabha elections. Earlier in the day, BSE’s 30-share Sensex rose as much as 6.15%, or 1,470.03 points, to 25, 375.63 while Nifty gained as much as 5.47%, or 389.80 points, to 7512.95. The Sensex closed 0.90%, or 216.14 points, higher at 24,121.74, while Nifty added 1.12%, or 79.85 points, to 7,203.
  • Maharashtra industries minister Narayan Rane has resigned from the Congress-NCP government following the defeat of his son Nilesh Rane who was contesting Lok Sabha polls from the Ratnagiri-Sindhudurg seat.
  • Railways on Friday raised passenger fares by 14.2% before rolling it back within hours.  The move to put additional burden on passengers of all classes on a day the country gave a decisive mandate to Narendra Modi-led BJP had raised eyebrows.
  • The Supreme Court on Friday allowed the Centre to shift aircraft carrier INS Vikrant, which was decommissioned in 1997, from the Naval dockyard to a ship breaking yard at Darukhana in Mumbai.
  • The Supreme Court on Friday ordered closure of 26 iron ore and manganese mines in Odisha to protect the environment. These mines account for nearly 25% of the national production of the two minerals vital for the sector.
  • Supreme Court on Friday directed a probe against him and 12 prominent players in IPL betting and spot-fixing scandal. The apex court turned down BCCI’s proposal to get the probe done by its panel and gave the task of investigation to Justice Mukul Mudgal Committee.
  • The Indian challenge in the Allam British Open squash championship ended here on Thursday as Joshna Chinappa lost 1-3 to Joelle King of New Zealand in the quarter-finals.
  • The board of directors of Reliance Industries Ltd (RIL) has recommended Nita M Ambani, chairperson of Reliance Foundation and wife of RIL Chairman Mukesh Ambani, be appointed a director on the company’s board in place of Ramnik H Ambani, who is retiring at 90.
  • Bajaj Auto reported a marginal drop in net profit for the fourth quarter of 2013-14 at Rs.764 crore (Rs.766 crore) on a 2.5 per cent higher turnover of Rs.5,117 crore. Export revenues, however, rose smartly by 30 per cent to Rs.2,076 crore.
  • The Bharatiya Janata Party (BJP) was set for a simple majority on its own in the Lok Sabha. The BJP, led by its prime ministerial candidate Narendra Modi, looked set to win the Lok Sabha elections, with close to 272 seats on its own. The alliance it leads National Democratic Alliance (NDA) seemed set to cross the 300 mark.
  • Rebels fired a rocket that struck a government-held neighborhood on Friday in the northern Syrian city of Aleppo, killing 13 people, Syria’s state news agency reported.
  • Two blasts hit Kenya’s capital on Friday, killing 10 people and injuring 70 more in the latest in a string of increasingly frequent terror attacks.
  • The Bharatiya Janta Party (BJP) of Delhi has managed to sweep all the 7 Lok Sabha seats in the National Capital- Delhi in the General Elections of 2014 followed by Aam Aadmi Party (AAP) at the second position and Indian National Congress (INC) third.
  • Delhi University on Thursday suspended Professor G.N. Saibaba from his teaching post at Ram Lal Anand College, days after he was picked up and arrested by the Maharashtra police for alleged Maoist links.
  • Rescuers have recovered at least 29 bodies a day after a ferry capsized in a river during a storm in central Bangladesh and police estimate at least 100 others were missing.
  • At least 10 persons, including four police personnel, were injured on Friday when a bomb planted on a motorcycle ripped through a police van in northwestern Pakistan.
  • Five Pakistani players have been fined by PCB for appearing in exhibition matches in the United States alongside banned spinner Danish Kaneria. The five, Fawad Alam, Wahab Riaz, Abdul Razzaq, Nasir Jamshed and Shazaib Hasan were each fined 500,000 rupees ($5,000 dollars).
  • Close to 60 lakh voters opted for the None of The Above (NOTA) option across the country while exercising their franchise in the 16th Lok Sabha polls with the maximum percentage of the electorate going for this choice in Puducherry.
  • The US and France have warned Russia of new sanctions if Moscow keeps up its “provocative and destabilising behaviour” in Ukraine, just over a week before the former Soviet republic is due to hold a presidential election.
  • Cadila Healthcare on Friday reported 8.7 per cent decline in consolidated net profit to Rs 239 crore for the quarter ended March 31 due to higher tax expense.
  • BMW India is gearing up for launch of the new X5 on the 29th of May. The Munich-based auto manufacturer has been launching its M division performance edition products lately with the M6 and soon we will even see the M4 and the M5 too.
  • General Motors agreed Friday to pay a $35 million civil penalty for its slow action to address an ignition-switch flaw that has been linked to 13 deaths.
  • Rahul Mahajan and Dimpy Ganguly who got married on the reality show way back in 2010 has filed for divorce on mutual consent. Rahul married Bengali girl Dimpy on the reality show, ‘Rahul Dulhaniya Le Jayega’ but their marriage hit the rock last year when Dimpy accused her husband of torturing her physically and mentally and lodged a police complaint against him.
  • Researchers from Harvard University have successfully created a 3D-printed model of shark skin to show the scales help the animal swim. The scientists scanned the animal’s skin and found denticles, teeth-like scales that help sharks move efficiently.
  • Adani Ports and Special Economic Zone (APSEZ) on Friday announced that it has executed a definitive agreement with L&T Infrastructure Development Projects Limited and Tata Steel Limited to acquire 100% stake in the Dhamra Port Company Limited (DPCL) at an enterprise value of Rs 5,500 crore.
  • India is set to record highest ever foodgrain production. The government on Friday revised its estimate, saying the country would collectively produce 264.28 million tonnes (MT) of foodgrain as compared to 257.13 million tones last year.
  • The Open Internet Project, which includes 400 players in Europe’s digital markets, have lodged a complaint with the European Commission against what it alleges are new anti-competitive abuses by Google.
  • Jill Ellis was named head coach of the United States women’s national team Friday, five months before qualifying for the 2015 FIFA Women’s World Cup in Canada begins. Ellis, 47, has been serving as interim head coach since April 6.
  • International Master Vikramditya Kulkarni staved off a grim challenge from top-seeded IM Aditya Udeshi in the final round of Kotak Mahindra Bank International Open FIDE Rating Chess Tournament to win the championship with a score of 7.5 on Friday.
  • Libyan forces loyal to a rogue general, vowing to flush “terrorists” out of Benghazi, clashed with former rebel Islamist groups in the eastern city Friday, killing 24 people and wounding some 150.
  • Management guru Russy Mody who was known for his man management while he headed Tata Steel and was awarded Padma Bushan died at the age of 97 at his Alipore home in South Kolkata on Friday night around 11.30pm.
Read Also:  Top News Headlines of 20 May 2014

Top News Headlines of 17 May 2014
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