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  • Current Affairs 11th April 2019

    Updated : 11-Apr-2019

    Current Affairs 11th April 2019 - Important Points

    • Dream11 becomes first Indian gaming unicorn valued more than - $ 1 billion
    • RailTel turns 1600 railway stations into - RailWire Wi-Fi zone
    • New state of matter discovered by - Scientists from the University of Edinburgh of Scotland
      Current Affairs 11th April 2019 - Details

    Dream11 becomes first Indian gaming unicorn valued more than - $ 1 billion

    Dream11 has become the 1st Indian gaming firm to be valued at more than $1 billion. With this, it has entered India’s budding club of unicorns, or start-ups valued at more than $1 billion.
    The evaluation of Dream11 Fantasy Pvt. Ltd., the start-up’s parent, soared to just under $1.5 billion after a secondary share purchase by Hong Kong-based Steadview Capital, as per to sources. This comes about 7 months after the Mumbai-based start-up raised $100 million from China’s Tencent Holdings Ltd. at a valuation of $700 million.
    More about Dream 11

    • The start-up, which has about 60 million subscribers on its platform presently, plans to finish
      the year with 100 million subscribers.
    • According to filings made with the Registrar of Companies, the start-up’s revenue and loss for
      the fiscal that finished on March 31st, 2018 included Rupees 228.4 crore and Rupees 65 crore
      respectively.
      Past Challenges
      The firm, founded by Jain and Bhavit Sheth operates a fantasy league for cricket, kabaddi,
      football, among other sports, permitting subscribers to form virtual teams and assist them to
      organise matches based on statistical performance of players in the actual game.
      The start-up’s rise has come after various hurdles, predominantly legal challenges, due to the
      fantasy gaming’s likeness to gambling, which is largely prohibited in India.
      The game’s legitimacy was confronted in the Punjab and Haryana High Court. The court,
      however, ruled that fantasy gaming includes skill rather than chance.

    RailTel turns 1600 railway stations into - RailWire Wi-Fi zone

    RailWire Wi-Fi by RailTel is now live at 1600 railway stations in India. The Santacruz railway station in Mumbai has become the 1600th station to be a RailWire Wi-Fi zone.

    More about RailWire

    • It is a retail Broadband initiative from RailTel.
    • It supports extending broadband and also application services to the public.
    • RailTel is  working to bring fast and free Wi-Fi at all stations within a year excluding the halt stations.
    • RailTel has provided high-speed Wi-Fi at 985 stations with its funding.
    • The Wi-Fi at 415 A, A1 and C category stations has been provided in association with Google as its technology partner.
    • Wi-Fi connections at 200 stations were provided with support from the Universal Service Obligatory Fund of the Government of India

    New state of matter discovered by - Scientists from the University of Edinburgh of Scotland

    Scientists from the University of Edinburgh of Scotland using powerful computer simulations have discovered the existence of the state also called  chain-melted state. At this state, atoms are both solid and liquid at the same time. Scientists have discovered that  when extreme pressure and temperature are applied simultaneously to potassium, it can form a state in which most of the atoms form a lattice structure but a second set is in a fluid arrangement only.

    Scientists mention that It would be like holding a sponge filled with water starting drip out, except the sponge is also made of water. More than half a dozen elements including sodium and bismuth are thought to be capable of existing in the newly discovered state.
    Scientists are hoping it can be further examined to find more uses for the unexpected discovery.