Current Affairs

1. NVIDIA BECOMES THE WORLD’S MOST VALUABLE COMPANY –

• Nvidia is a well-known technology company that makes graphics processing units (GPUs). They recently did something very impressive by becoming the most valuable company in the world. This new development is a big deal in the tech business; Nvidia has now surpassed tech giants like Microsoft and Apple.
• Nvidia’s market value reached an all-time high of $3.326 trillion on June 18, when its stock price went up by 3.2% and reached $135.21 per share. This big rise in value happened after Nvidia passed Apple and became the second most valuable company a few days before.
• Nvidia’s shares have gone up a huge 173% over the year, doing much better than other tech companies like Microsoft. This sudden rise is mostly because of the high demand for Nvidia’s high-end chips, which are currently hard to find.

 

2. HINDUSTAN AERONAUTICS LIMITED GETS RS 50,000 CRORE TENDER FOR COMBAT HELICOPTERS –

• Hindustan Aeronautics Limited (HAL), a well-known Indian state-owned aerospace and defense company, was recently given a unique contract worth about Rs 50,000 crore by the UK Ministry of Defence. This is the biggest single order for helicopters that has ever been given to an Indian company. The money will be used to buy Light Combat Helicopters (LCH), also known as “Prachand.”
• This tender, which was handled through the Single Vendor Contract (SVC) method, is only going to HAL. The company is now going to make a techno- commercial bid, which will be talked over with the defense minister until it is agreed upon.
• During test flights in Ladakh, the Prachand helicopters, which were designed to work well in the Indian terrain, showed how well they could handle high levels. The fact that these choppers can fly at high altitudes and have advanced weapons for battle means they will be useful in many situations. Combat Search and Rescue (CSAR), Destruction of Enemy Air Defense (DEAD), and Counter Insurgency (CI) are some of these. It will also take action against slow-moving planes and Remotely Piloted Aircraft (RPAs), helping out in all kinds of weather and terrain.

 

3. IAF RAFALE JETS JOIN MULTI-NATION DRILL IN ALASKA –

• The Indian Air Force (IAF) took part in the Red Flag drill in Alaska, USA, in June 2023. The Indian Air Force’s Rafale jets took part in the multinational air drill for the first time. The goal of the drill was to make the air forces more ready for battle and better able to work together.
• The Republic of Singapore Air Force, the UK’s Royal Air Force, the Royal Netherlands Air Force, the German Luftwaffe, and the US Air Force were among the air forces from around the world that took part in the Red Flag drill. During the drills, Indian Rafale jets worked closely with F-16 and F-15 planes from other countries.
• The Rafale jets of the Indian Air Force (IAF) were sent on difficult missions that focused on Beyond Visual Range (BVR) fighting as part of large-scale offensive and defensive operations. The point of these battles was to make them feel like real battles. The Rafale jets’ international flight was helped by IL-78 air-to-air refuellers. It was also easier to move people and things with the help of the C-17 Globemaster.