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Current Affairs of 18 April 2018

Keshav Kishore, Published On:18-Apr-2018


1.    What is Commonwealth Innovation Index?

• There will be a new commonwealth index as a part of a new Commonwealth Innovation Hub on the sideline of Commonwealth Head of Government Meeting (CHOGM) which is going on in London.

• The index is designed in the partnership with United Nation World Intellectual Property Organisation (WIPO) and WIPO’s annual Global Innovation Index (GII).

• In this innovation index list India is at 10th position and the UK is at the top of the list.


2.    Kotak Mahindra is India’s second most valuable bank

• The private sector bank Kotak Mahindra has become India’s second most valuable bank after Housing Development Finance Corporation (HDFC) bank.

• Kotak Mahindra has replaced State Bank of India from the second place.

• The bank has market capitalisation of Rs.222970.40 crore while HDFC has market capitalisation of Rs. 5.04 trillion.


Source: The Hindu, The Indian Express, PIB












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