Exercise :: Business - Latest Current Affairs
- Business - Latest Current Affairs
| 1. | Name the world's largest oil company who talks to buy 25 percent stake in Reliance Industries' oil refineries and petrochemical complex. |
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Answer: Option B Explanation: Saudi Aramco, a Saudi Arabian national petroleum and natural gas company, is in talks to acquire 25 percent stake in Reliance Industries' refining and petrochemicals businesses. However, both Aramco and Reliance declined to comment on the issue. Saudi Aramco also looks forward to invest in "West Coast Refinery and Petrochemical Project", India's largest oil refinery on the west coast in Maharashtra. The refinery project will be developed by three domestic oil marketing companies - Indian Oil, Bharat Petroleum and Hindustan Petroleum. The project is estimated to cost USD 44 billion.
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| 2. | Who sets up 5G Lab for Banking, Financial Sector? |
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Answer: Option D Explanation: The Institute for Development and Research in Banking Technology (IDRBT), an arm of Reserve Bank of India, has launched a 5G Use Cases Lab for banking and financial sector. The 5G technology, along with blockchain, will be progressively adopted by banks. Department Of Telecommunications had already launched test beds for 5G use in the academia in Hyderabad, Chennai and Bangalore to develop 5G for Indian use.
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| 3. | Which of the following has launched a mobile app, "My Circle" in collaboration with FICCI Ladies Organisation (FLO) to assist women in case they face any panic situation or problem? |
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Answer: Option A Explanation: Bharti Airtel has launched a mobile app, "My Circle" in collaboration with FICCI Ladies Organisation (FLO) to assist women in case they face any panic situation or problem. The application will allow women to send SOS alerts to any five of their family or friends in 13 languages by pressing the SOS prompt on the app. The app has been developed by Airtel X labs and was conceptualised by an all-women cross-functional team.
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| 4. | Which Digital payments has acquired Wibmo recently? |
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Answer: Option A Explanation: PayU, Digital payments security and payment facilitator has acquired Wibmo, a US-based financial technology for USD 70 million to assist the company scale-up its business. Under the agreement, Wibmo will continue to serve all of its clients as a wholly-owned subsidiary of PayU. The accession integrates PayU's strong merchant network and "Wibmo" leadership for digital transaction security solutions to offer payments solutions in India for growth markets.
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| 5. | Name the IT company which has partnered with Google to Build Industry-Specific Cloud Solutions. |
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Answer: Option B Explanation: Tata Consultancy Services partnered with Google Cloud to build industry-specific cloud solutions. TCS' solutions on Google Cloud Platform (GCP) will help enterprises build secure, cloud-native analytics platforms that enable high levels of personalization, and are cost-effective, easy to maintain, and future ready.
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