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Current Affairs – Business News – General Knowledge
Posted by admin on July 3rd, 2012

1. Air India Pilots have called off their 58-day long strike with immediate effect after interference by the Delhi High Court. They are expected to join their duties in next 48 hours. The move came after Air India management assured the high court that they will consider all the grievances of the pilots in proper manner. This will end the 2-month old standoff and struggle for the state run airlines company.

2. The agriculture minister Sharad Pawar has quit as the new head of Empowered Group of Ministers (EGoM) on telecom within a week of being appointed. He took the decision in order to avoid any controversy related to famous 2G scam as there were some attempts in the past to unnecessarily drag him to the 2G spectrum scam. With this, government will seek for extension on 31st August deadline to conduct the airwave auctions set by the Supreme Court.

3. Samsung becomes the no. 1 player in the domestic smart phone market with 40.4% market share during the last quarter January-March. Nokia held the second place with 25.5% market share followed by BlackBerry maker Research in Motion with 12.3% market share in the domestic smart phone market, as per the data published by CyberMedia Research.

4. UNESCO (United Nations Educational, Scientific and Cultural Organisation) has included India’s Western Ghats in the list of its world heritage sites last month. India’s Western Ghats are well known for its biological diversity.


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