Current Affairs - Business
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Exercise : Business - Latest Current Affairs
- Business - Latest Current Affairs
1.
Which company signed an MoU with Oil India Limited for the exploration of critical minerals?
Answer: Option
Explanation:
Oil India Limited and Hindustan Copper Limited entered into a Memorandum of Understanding (MoU) to work together on the exploration of critical minerals. This collaboration particularly focuses on copper and its associated minerals, which are crucial for industrial growth and energy transition. The agreement also aligns with the objectives of the National Critical Mineral Mission, which is aimed at strengthening India’s mineral security. By engaging in this strategic partnership, Hindustan Copper and Oil India seek to ensure access to essential mineral resources, thereby supporting economic growth and technological advancement in the country.
Date : 2025-09-20
2.
What is the name of the new framework launched by SEBI to attract low-risk foreign investors such as sovereign wealth funds and pension funds?
Answer: Option
Explanation:
SEBI has introduced SWAGAT-FI, a specialised framework designed to attract low-risk foreign investors, including sovereign wealth funds and pension funds. This framework aims to provide a more stable and investor-friendly environment by extending the registration period from 3 years to 10 years, thereby ensuring long-term participation in Indian markets. To further ease operations, a dedicated digital portal has been established, significantly reducing onboarding time to just one week. Additionally, it streamlines access to GIFT-IFSC, India’s international financial hub, making the investment process more efficient and transparent. This initiative strengthens India’s financial ecosystem globally.
Date : 2025-09-19
3.
What percentage stake did SBI sell in Yes Bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC)?
Answer: Option
Explanation:
The State Bank of India (SBI) sold a 13.18% stake in Yes Bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) for ₹8,889 crore, marking one of the largest cross border deals in India’s banking sector. This transaction highlights growing global investor confidence in India’s financial reforms and the strengthening of strategic banking ties between India and Japan. The sale, which involved 413.44 crore equity shares, was completed after approvals from the RBI, CCI, and SBI’s board. Importantly, SBI retains a minority stake in Yes Bank, while SMBC now has clearance to raise its stake further, up to 24.99%.
Date : 2025-09-18
4.
Which company has become the new lead sponsor of Team India in a ₹579 crore deal for 2025–2028?
Answer: Option
Explanation:
Apollo Tyres secured the role of Team India’s lead sponsor after winning a highly competitive bidding process organized by the BCCI. The ₹579 crore agreement covers 121 bilateral matches and 21 ICC fixtures from 2025 to 2028, replacing Dream11 as the previous sponsor. Apollo Tyres outbid Canva and JK Cements, setting one of the highest sponsorship values in Indian cricket history. This partnership provides Apollo with prime visibility on the Indian team’s jerseys across some of the most globally watched cricket tournaments, enhancing its international recognition and expanding its market presence in over 100 countries.
Date : 2025-09-17
5.
In which city was SAJEX 2025 launched to strengthen India’s jewellery trade with Saudi Arabia and the GCC?
Answer: Option
Explanation:
SAJEX 2025 was launched in Jeddah as part of India’s efforts to boost jewellery trade with Saudi Arabia and the Gulf Cooperation Council (GCC). Organised by the Gem & Jewellery Export Promotion Council with support from the Indian Consulate in Jeddah, the Indian Embassy in Riyadh, and the Ministry of Commerce & Industry, the event was hosted at the Jeddah Superdome from September 11–13. Featuring over 200 exhibitors and thousands of buyers, it showcased diamonds, coloured gemstones, gold jewellery, and lab-grown diamonds. This initiative aligns with Saudi Arabia’s Vision 2030 and underscores India’s leadership in the global jewellery industry.
Date : 2025-09-12
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