Daily GK Update : 1 July 2015

1. Housing.com fires CEO Rahul Yadav
The company’s investors said Yadav’s behaviour towards investors and the media didn’t conform to his role and asked him to leave with immediate effect

2. Ratan Tata invests in Ola Cabs 
Tata has previously invested in start-ups ranging from online retailer Snapdeal to Chinese phone maker Xiaomi

3. World Bank approves $650 million funding for eastern freight corridor
The loan, which comes with a 22-year maturity period, is expected to help in faster and more efficient movement of raw materials and finished goods between the northern and eastern regions.

4. Airtel becomes third largest mobile operator globally
The telecom giant has also achieved largest rural mobile customer base in India with nearly 100 mn mobile customers

5. Argentina routs Paraguay 6-1, reaches Copa America final
Lionel Messi helped set up five goals as Argentina trounced Paraguay 6-1 in the Copa America semifinals, setting up a final against host Chile.