Current Affairs - Business

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Exercise :: Business - Latest Current Affairs

  • Business - Latest Current Affairs

Name of the company which is committed to buy Ambani's Reliance gas pipeline for Rs 14,000 crore?

A. Brookfield Asset Management
B. Enbridge
C. TerraForm Power
D. Isagen

Answer: Option A


Canada based Brookfield Asset Management is set to buy loss-making East West Pipeline Ltd (EWPL), earlier known as Reliance Gas Transportation Infrastructure, for an enterprise valuation of Rs 14,000 crore ($2 billion). In a separate report, Grocery startups BigBasket and Grofers have revived talks for a merger. Flipkart has held talks to buy a stake in Hotstar, to enter Amazon Prime Video, Netflix arena.


Who has received Reserve Bank of India's (RBI) approval to operate its own non-banking financial company (NBFC)?

A. MoneyGram
B. Payoneer
C. Payu India
D. PayPal

Answer: Option C


PayU India has received Reserve Bank of India's (RBI) approval to operate its own non-banking financial company (NBFC). The move will help PayU promote inclusive growth in the country by catering to the diverse financial needs of various segments of the society. The approval from the central bank is subject to "certain pending RBI compliance".


Which of the following company plans to set up its second manufacturing plant at Noida?

A. Voltas
B. Kent RO Systems
C. Tata Sky

Answer: Option B


Kent RO Systems, a healthcare products firm, is to set up its second manufacturing plant at Noida. For this project, it has invested more than Rs.150 crore. The facility will be ready in 4-5 years. Earlier, Kent RO signed a MoU with the U.P. government to invest Rs.200 crore. Kent is aiming to cross Rs.950 crore revenue during the current fiscal. Despite its other products like air purifiers, vegetable and fruit purifiers and water softeners besides a few home appliances, the water purifiers contribute more than 85% of the total revenue of the company.


Recently, Flipkart has held talks to buy a stake in of this India's video streaming service?

A. JioCinema
B. Netflix
C. Voot
D. Hotstar

Answer: Option D


Flipkart has held talks to buy a stake in Hotstar, Star India's video streaming service, as part of India's largest online retailer's strategy to bet big on video content and attract more Internet consumers and shoppers. Flipkart already has some ties with Hotstar, having launched a new video advertisement platform with Hotstar in July. Hotstar is also one of the many Internet partners that Flipkart has brought on board for its relaunched customer loyalty programme, Flipkart Plus.


Federal Bank has signed a MOU with which company for leasing space?

A. Cognizant
B. Cyberpark
C. InfoPark
D. UST Global

Answer: Option C


Federal Bank, which is in the process of formation of a wholly owned subsidiary company, has executed MOU with Infopark Kakkanad for leasing space in their campus. The Bank has already obtained in principle approval of the Reserve Bank of India for the creation of a subsidiary company. The proposed company will integrate and handle all the back-end operations of the Bank. This move towards having a distinct and exclusive outfit for back-end activities is a stride is in line with the practice of progressive financial institutions.