Current Affairs - Business

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Exercise : Business - Latest Current Affairs
  • Business - Latest Current Affairs
1.
Which public sector company awarded major refinery contracts to Technip Energies for projects at Bina and Mumbai refineries?
Indian Oil Corporation Ltd
Hindustan Petroleum Corporation Ltd
Bharat Petroleum Corporation Ltd
Oil and Natural Gas Corporation
Answer: Option
Explanation:
Bharat Petroleum Corporation Ltd is the public sector undertaking responsible for awarding major refinery contracts to Technip Energies. These contracts are part of BPCL’s broader petrochemical expansion and refinery modernization strategy. At the Bina refinery in Madhya Pradesh, the EPCC contract covers the establishment of polypropylene and Butene-1 units, enhancing petrochemical output. At the Mumbai refinery, an EPCM contract was awarded for India’s first 3 MMTPA PRFCC unit, which will convert heavy residues into high-value products. These projects strengthen refining efficiency, value addition, and energy infrastructure development.

2.
Which organization partnered with PNB MetLife to launch the fully digital DigiProtect Term Plan aimed at salaried individuals?
HDFC Life
ICICI Prudential
Policybazaar
Bajaj Allianz
Answer: Option
Explanation:
The DigiProtect Term Plan is a collaborative initiative designed to expand digital insurance access, especially among salaried individuals in Tier 2 and Tier 3 cities. The plan combines PNB MetLife’s insurance expertise with the digital distribution strength of Policybazaar. It offers features such as flexible payout options, a premium break facility, special exit value, and fast-track claim settlement. Additional benefits like up to 21% first-year premium discount and an express claim payout of ₹3 lakh within one working day highlight the customer-centric approach of the partnership, making Policybazaar a key enabler in the product’s launch.

3.
Which company emerged as the world’s most valuable company in the Hurun Global 1000 Report 2025?
Apple
Microsoft
Amazon
Nvidia
Answer: Option
Explanation:
The Hurun Global 1000 Report 2025 ranks the world’s 1,000 most valuable companies and reflects major shifts in global corporate leadership. In this edition, Nvidia secured the top position, surpassing long-time leaders such as Microsoft and Apple. Nvidia’s rise has been driven by its dominance in advanced semiconductor technology, particularly in graphics processing units and artificial intelligence applications. The growing global demand for AI-driven solutions, data centers, and high-performance computing significantly boosted the company’s valuation. This achievement highlights the increasing importance of technology and innovation in shaping the global economic landscape.

4.
Which company launched its first-ever global credit card in India on the RuPay network?
Amazon
Apple
Google
Microsoft
Answer: Option
Explanation:
Google launched its first-ever global credit card in India, marking a significant milestone in the country’s digital payments landscape. Issued in partnership with Axis Bank and operating on the RuPay network, the card is integrated with Google Pay and can be directly linked to UPI for merchant payments. This enables users to make seamless credit-based UPI transactions, a feature not supported by Visa or Mastercard cards. The card also introduces an instant rewards system, allowing users to redeem benefits immediately after each transaction, highlighting India’s growing leadership in fintech innovation and digital payment solutions.

5.
Which organization signed an MoU with the Department of Posts to expand mutual fund access across India?
BSE
NSE
SEBI
RBI
Answer: Option
Explanation:
The Department of Posts partnered with BSE, Asia’s oldest stock exchange, to distribute mutual funds through India Post’s extensive network. This initiative leverages BSE StAR MF, India’s largest mutual fund platform, to enable last-mile financial inclusion, especially in rural and semi-urban areas. Postal employees will be trained and certified as mutual fund distributors, assisting citizens with transactions and investor guidance. The MoU, valid from 12 December 2025 to 11 December 2028, aims to improve financial literacy, provide access to formal investment products, and reduce reliance on informal or unregulated channels.