Current Affairs Today May 16 2018

Current Affairs Today May 16 2018

Here comes Current Affairs Today May 16 2018 for our readers. Read current affairs on regular basis. It helps you get good scoring in written examinations.

Foxconn Unit Writes Off Another $40 Million In Snapdeal Investment

FIH Mobile which is an subsidiary of Foxconn Technology Group written off an additional $40 million of its $200 million bet on Gurgaon-based online marketplace Snapdeal. The latest write-down comes about nine months after the Hong Kong-listed unit of the Apple iPhone manufacturer announced that it had undertaken an impairment loss of $160 million.

North Korea canceled high-level talks with South Korea

Norht Korea has denied to go for high level talks with South Korea that was to be scheduled over Seoul’s joint military exercises with the US. The North’s official KCNA news agency the exercises were a provocation and a rehearsal for an invasion.

Shashank Manohar Elected as ICC Chairman for second term

BCCI president and current ICC Chairman Shashank Manohar has been re-elected for second term as chairman of International cricket council. He will be ICC chairman for a term of two years.

Shashank was elected unopposed. The governing body members were asked to vote for the person who should either be current or former ICC Director. Majority of members voted in favour of Shashank Manohar and thus was elected as independent director of ICC to serve for second term.

Uttrakhand first city gas Distribution system Launched by CM Trivendra Singh Rawat

CM Trivendra Singh Rawat has introduced Uttrakhand state’s first city gas Distribution system (CGD) at Rudrapur’s Udham Singh Nagar district. Here are some specification related to City Gas Distribution (CGD) in Uttrakhand.

This is India’s eight City Gas Distribution (CGD) system with a length of 500 kilometres. It has targeted to be completed till year 2020. It will have total of ten CNG stations.

Updated: May 19, 2018 — 1:18 pm

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