INOX Group to be official sponsor of Indian team during Tokyo Olympics

1 19 Daily Current Affairs Update | 24 August 2020

INOX Group has signed a sponsorship agreement with Indian Olympic Association to support Team India for Tokyo Olympics

Indian Olympic Association is the governing body for the Olympic Movement in India

Tokyo Olympics will be held from July 23 to August 8, 202

2.Person in News

G P Garg appointed as Executive Director of SEBI

2 19 Daily Current Affairs Update | 24 August 2020

G P Garg has been appointed as the Executive Director of Securities and Exchange

Board of India (SEBI)

Before this appointment,  he was the Chief General Manager-Central Public Information Officer (CPIO) in SEBI.

He joined SEBI in 1994 and has headed various departments of the organisation

Quick Fact: Ajay Tyagi is the chairperson of SEBI


Dream11 wins IPL 2020 title sponsorship rights

3 20 Daily Current Affairs Update | 24 August 2020

Dream 11 has replaced Chinese mobile phone company Vivo by winning IPL 2020 title sponsorship rights

Dream 11 is a fantasy sports platform

It is an Indian company founded by Harsh Jain and Bhavit Sheth
Quick Fact: Sourav Ganguly is the President of BCCI

4.Person in News

Ashok Lavasa to join ADB as Vice President

4 19 Daily Current Affairs Update | 24 August 2020

Ashok Lavasa is the election commissioner of India

He will be resigning from his post to become the Vice President of Asian Development Bank

He has submitted his resignation to President Ram Nath Kovind

Quick Fact: Masatsugu Asakawa is the president of ADB

5.Person in News

Russell Kirsch, the inventor of Pixel, passes away

5 19 Daily Current Affairs Update | 24 August 2020

Computer scientist Russell Kirsch was the inventor of Pixel

He scanned the world’s first digital photograph by creating 2-by-2-inch black-and-white digital image of his son

He is also the developer of the world’s first programmable computer, SEAC (Standards Eastern Automatic Computer)


New logo of Labour Bureau launched

6 14 Daily Current Affairs Update | 24 August 2020

The new logo comprises a Blue wheel (representing work), a tricolored Graph (signifying data), and wheat ears (signifying rural labour).

It represents Labour Bureau as a data based organization dealing in data related to

workers and work

It depicts Accuracy, Validity and Reliability- the three goals that Labour Bureau strives to achieve in generating quality data

Quick Fact: Santosh Gangwar is the Minister of State (I/C) for Labour and Employment


Google launches ‘Kormo’ app for finding entry-level jobs

7 4 Daily Current Affairs Update | 24 August 2020

Kormo is an employment application launched by Google

It aims to help young professionals in India who lost their jobs due to the ongoing Corona pandemic.

Google launched a similar employment app for the first time in 2018 for Bangladesh


Apple becomes First U.S. company to reach $2 trillion stock market value

8 1 Daily Current Affairs Update | 24 August 2020

Apple Inc. is now the first publicly traded U.S. company to reach over $2 trillion

market stock value 

It  has also become the world’s second company to hit $2 trillion market capitalisation

Oil Major Saudi Aramco was the first company to reach $2 trillion market value

9.Person in News

IISc professor Biman Bagchi selected for 2021 Joel Henry Hildebrand Award

9 Daily Current Affairs Update | 24 August 2020

IISc Professor Biman Bagchi is the 2021 recipient of the Joel Henry Hildebrand Award in the Theoretical and Experimental Chemistry of Liquids

The awards are conferred by the American Chemical Society (ACS) and is sponsored by

ExxonMobil Research and Engineering Co.

The award consists of $5,000 and a certificate

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