28 July 2015 Current Affair Updates Download | Daily GK Updates

1. India has seen the second biggest outflow of high net worth individuals in last 14 years, with as many as 61,000 millionaires shifting base to abroad due to reasons like tax, security and child education. According to a joint report by New World Wealth and LIO Global the change in domicile, along with a rise in second citizenship applications, has increased dramatically since the turn of the century. Some 61,000 uber-rich Indians have changed domicile between 2000 and 2014, second only to China, which saw an outflow of 91,000 ultra-rich persons in the same period.

2. Rajesh Exports Ltd (REL) has announced acquisition of 100% stake in Valcambi, the world's largest gold refinery. The cash deal was settled on an investment of $400 million, which means, REL will maintain the globally acclaimed management of Valcambi. REL hopes to expand revenues and profitability of both the companies. Valcambi is the world’s largest precious metals refining company, headquartered in Switzerland.
28 July 2015 Current Affair Updates Download | Daily GK Updates
28 July 2015 Current Affair Updates Download | Daily GK Updates
3. Former World Formula 1 champion Sebastian Vettel (Germany) won the Hungarian Grand Prix in a surprising result as present champion and this year’s leader Lewis Hamilton (Britain) finished the race at sixth place despite starting from the pole position. This was Vettel’s 41st F1 title and with this win he equaled the record of former F1 champion Ayrton Senna.

4. The Indian women's wrestling team finished second in the fifth edition of Cup of the President of Republic of Kazakhstan held in Kazakhstan. The eight-member Indian team displayed a spirited performance in the event and won prize money of 10,000 dollars. The event was topped by hosts Kazakhstan with Mongolia settling for the third spot.

5. The 14th edition of Special Olympics Games is being held at the Los Angeles Memorial Coliseum in Los Angeles (United States) from 25 July to 2 August 2015. Over 7,000 athletes representing over 170 countries are taking part in these games and will compete in 25 sporting events ranging from weightlifting to the triathlon. The games were the brainchild of President John Kennedy’s sister Eunice Kennedy Shriver. Special Olympics is the world’s largest sports activity for children and adults with intellectual disabilities.

6. India's under-21 women's hockey team has finished third at the Volvo Invitational tournament in the Netherlands. They defeated England in a penalty shoot out after the match ended in a 1-1 draw after regulation time. In the penalty shoot-out, goal-keeper Inderpreet Kaur saved all the shots, with Deep Grace Ekka scoring the winning goal for India.

7. Britain's Cyclist Chris Froome became the first Briton to win the prestigious cycling championship of Tour de France twice when he safely reached the finish line in Paris at the end of the race. The 2013 champion finished alongside his team-mates on the final stage, behind a sprint won by Andre Greipel. Froome, 30, beat Colombia's Nairo Quintana to the yellow jersey by 72 seconds with Spain's Alejandro Valverde third.

8. Battling the Maggi controversy, global giant Nestle recalled its current India chief Etienne Benet to Switzerland head office and appointed Suresh Narayanan as his successor -- the first Indian to get this position after a gap of over 16 years. Narayanan will take charge as the new Managing Director of Nestle India with effect from August 1.

9. Helena Ndume of Namibia and Jorge Sampaio of Portugal were awarded the first-ever Nelson Rolihlahla Mandela Prize by the United Nations (UN) at the UN Headquarters in New York. Ndume, a female ophthalmologist, was awarded for treating blindness and eye-related illnesses in Namibia and throughout the developing world. While Jorge Sampaio, the former President of Portugal from 1996 to 2006 and also the former mayor of Lisbon from 1989 to 1995, was awarded for his contribution to his country for his struggle for the restoration of democracy in Portugal.

10. Olympic champion and world record holder Usain Bolt won 100 metres race in the Diamond League meet. Bolt, hampered by injury for much of this year, prevailed in his first competitive heat in six weeks with a time of 9.87 seconds on the same track at the London Olympic Stadium where he delivered three gold—medal—winning performances during the 2012 Games. Bolt, outpaced US runner Michael Rodgers to claim the victory.
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