Current Affairs - Business

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Exercise : Business - Latest Current Affairs
  • Business - Latest Current Affairs
1.
Where was the 14th edition of the World Spice Congress (WSC) held?
Mumbai
Kolkatta
Navi Mumbai
Bengaluru
Answer: Option
Explanation:
The 14th World Spice Congress (WSC) started in Vashi, Navi Mumbai. This three-day event is carefully arranged by the Spices Board India, a part of the Ministry of Commerce and Industry, with the help of trade groups and export forums. India is famous for producing excellent, unique, and medicinal spices, earning it the nickname "Spice Bowl" of the world.

2.
Which bank signed an MoU with IREDA to promote and facilitate co-lending and loan syndication for renewable energy projects?
State Bank of India
HDFC Bank
ICICI Bank
Bank of Maharashtra
Answer: Option
Explanation:
The Indian Renewable Energy Development Agency (IREDA) signed a Memorandum of Understanding (MoU) with the Bank of Maharashtra (BoM) on September 18, 2023, to promote and facilitate co-lending and loan syndication for a diverse spectrum of Renewable Energy projects across the nation.

3.
Which organization signed an agreement with Bengaluru Logistics Parks Pvt Ltd (BLPPL) on September 20, 2023, to develop a Multi-Modal Logistics Park (MMLP) in Bengaluru?
National Highways Authority of India (NHAI)
Indian Railways
Ministry of Road Transport and Highways
Ministry of Civil Aviation
Answer: Option
Explanation:
The National Highways Authority of India (NHAI) signed an agreement with Bengaluru Logistics Parks Pvt Ltd (BLPPL) on September 20, 2023, to develop a Multi-Modal Logistics Park (MMLP) at Bengaluru. The MMLP will be developed on a 350-acre plot of land at Doddaballapur, about 40 km from Bengaluru city. The project is estimated to cost Rs 1,500 crore and is expected to be completed within three years.

4.
Who has been named as the permanent CEO of Penguin Random House?
Nihar Malaviya
Markus Dohle
Madeline McIntosh
None of the above
Answer: Option
Explanation:
Nihar Malaviya, previously serving as interim CEO, has now been officially appointed as the permanent CEO of Penguin Random House. He took over from Markus Dohle, who left the company shortly after a federal judge rejected Penguin Random House's merger with Simon & Schuster. This development comes as Penguin Random House, the largest trade publisher globally, undergoes a company-wide reorganization in 2023, resulting in the departure of several senior editors due to layoffs or voluntary retirement.

5.
Who recently resigned from the board of Dhanlaxmi Bank Ltd. citing reasons related to "factionalism" and "unethical" business conduct?
Dwijendra Kashyap
Chittilangatkalam Gopinathan
Jayakumar Yarasi
Sridhar Kalyanasundaram
Answer: Option
Explanation:
Sridhar Kalyanasundaram, an independent director of Dhanlaxmi Bank, resigned from the board on September 16, 2023, citing "factionalism" to "unethical" business conduct.