Current Affairs - International - Discussion

Discussion :: International - Latest Current Affairs (Q.No.365)

365. 

Qualcomm has informed that it has invested Rs 730 crore in Reliance Industries' subsidiary company- Jio Platforms. Qualcomm belongs to which country?

[A]. USA
[B]. UK
[C]. UAE
[D]. Russia

Answer: Option A

Explanation:

The United States-based Multinational Corporation-Qualcomm has informed on 12th July 2020 that it has invested Rs 730 crore in Reliance Industries' subsidiary company- Jio Platforms. Rs 730 crore of investment will translate to 0.15 percent of an equity stake for Qualcomm in Jio Platforms. In a matter of 12 weeks since 22nd April 2020, this was the 13th foreign investment, and the 12th Foreign Investor (Silver Lake has invested Twice) in Jio Platforms.

Post your comments here:

Name *:

Email   : (optional)

» Your comments will be displayed only after manual approval.