 FIH Mobile, the investment subsidiary of Foxconn Technology Group, the world’s largest contract manufacturing giant, has 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. In its 2017 annual report, FIH Mobile has stated the company had come to the view that its entire $200 million investment in Jasper Infotech, first announced in September 2015, cannot be recovered. |
| Source- The Economic Times |
 The World Health Organization (WHO) has launched a comprehensive plan to eliminate industrially-produced artificial trans fats from the global food supply by 2023. WHO calls on governments to use the 'REPLACE' action package to eliminate industrially-produced trans-fatty acids from the food supply. Elimination of trans fats is key to protecting the health and saving lives. The global health body estimates that every year, trans fat intake leads to over 5,00,000 deaths worldwide from cardiovascular diseases. |
| Source- The Economic Times |
 The International Day of Families is observed on the 15th of May every year. In 1993, the General Assembly of United Nations decided that 15 May of every year should be observed as The International Day of Families. This day provides an opportunity to promote awareness of issues relating to families and to increase the knowledge of the social, economic and demographic processes affecting families. This year (2018), the themefor the event is ‘Families and inclusive societies’. |
| Source- United Nations |
 Aimed at empowering vulnerable and marginalised women by imparting skills training, the United Nations Development Programme (UNDP) has announced to set up a skill development centre at 'Bharosa,' an integrated support centre for distressed women and children in Hyderabad. 'Bharosa,' an initiative of Hyderabad City Police, is a state-of-the-art centre to support women and children who are victims of violence. |
| Source- Business Standard |
 Noted Hindi film lyricist, Nandram Das Bairagi, popularly known as Balkavi Bairagi, passed away in his sleep. Bairagi, a Lok Sabha member between 1984 and 1989 and also a former Rajya Sabha MP. He was 87. He wrote several Hindi poems, among which, "Jhar gaye paat, bisar gayi tehni" is considered a gem by many Hindi poets. |
| Source- DD News |
 Union Petroleum and Natural Gas Minister Dharmendra Pradhan and UAE Minister of State & Abu Dhabi National Oil Company (ADNOC) Group CEO Dr. Sultan Al Jaber flagged off the first consignment of 2 million barrels of ADNOC crude for Mangalore Cavern.
During the day, Mr Pradhan also held the bilateral meeting with H.E. Dr. Jaber. The Petroleum and Natural Gas Minister also had an interactive session with over 250 Indian professionals, business leaders and community representatives working in the UAE. The event was organised by the Embassy of India in Abu Dhabi.
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| Source- Business Standard |
| A state-run Chinese bank, Industrial and Commercial Bank of China (ICBC) has launched the country's first India-dedicated publicly offered investment fund, saying the Indian market offers the best opportunity for Chinese investors due to the prospects of double-digit growth. The fund, named the ICBC Credit Suisse India Market Fund, will invest in exchange-traded funds listed on more than 20 exchanges in Europe and the US that are based on the Indian market. It is China's first publicly offered fund for investing in India. The fund will invest in the future of the Indian economy and track the distribution of the industrial structure across the Indian market. |
| Source- DD News |
Vice President M Venkaiah Naidu was on a five-day visit to South America's Guatemala, Peru and Panama.Bilateral trade and investments were discussed during the visit. This was the Vice President's first overseas visit after assuming office. He was be accompanied by a high-level delegation, including Minister of State for Tribal Affairs Jasvantsinh Sumanbahi Bhabhor.
| 1. On 1st Leg Visited Guatemala: Vice President M Venkaiah Naidu arrived in Guatemala on the first leg of his three-nation tour to Latin America. During his stay in Guatemala city, Mr Naidu met the leadership of the nation. A pact has been signed between India and Guatemala for strengthening diplomatic cooperation through Respective Foreign Service Institutes in the educational field. |
| 3. On 3rd Leg Visited Peru: Vice President Venkaiah Naidu arrived in Peru on the third and final leg of his three-nation visit to Latin America. India and Peru signed an agreement in the field of Renewable Energy at Lima. The pact was signed in the presence of Vice President M Venkaiah Naidu and the Prime Minister Cesar Villanueva Arevalo. |
| Source- Press Information Bureau (PIB) |
  General Bipin Rawat, Chief of the Army Staff is on an official visit to Sri Lanka for four days. During the visit, he will hold talks with top political and military leadership of Sri Lanka and explore new areas of military-to-military cooperation between the ground forces of the two countries. The visit assumes significance in light of India’s persistent efforts to strengthen the existing bonds of friendship and military cooperation based on mutual interests and understanding. |
| Source- DD News |
 The Union Home Minister Shri Rajnath Singh chaired a meeting of the High Level Committee (HLC) in New Delhi for Central Assistance to the States/ UT of Assam (affected by floods during 2017-18), Himachal Pradesh(affected by floods/ landslides during 2017-18), Sikkim (affected by floods/ landslides during 2017-18), Lakshadweep (affected by cyclone Ockhi during 2017) and Rajasthan (affected by Kharif drought during 2017). The HLC approved assistance of Rs 480.87 crore in respect of state of Assam. The HLC also approved assistance from NDRF amounting to Rs 84.60 crore for the state of Himachal Pradesh, Rs 67.40 crore for the state of Sikkim, Rs 2.16 crore for the UT of Lakshadweep and Rs 526.14 crore for the state of Rajasthan.The total assistance approved was Rs 1,161.17 crores. |
| Source- Press Information Bureau (PIB) |
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