Current Affairs - Business

Exercise :: Business - Latest Current Affairs

  • Business - Latest Current Affairs
6. 

L&T Technology Services, the engineering services arm of Larsen and Toubro Group, informed that it will acquire a 100 % stake in which Texas-based company?

A. PCL Construction
B. Orchestra Technology
C. Bechtel Group Inc
D. Turner Construction

Answer: Option B

Explanation:

L&T Technology Services(LTTS), the engineering services arm of Larsen and Toubro Group, informed that it will acquire a 100 % stake in Texas-based Orchestra Technology(Tech). The acquisition is an all cash deal of USD 25 million, or about Rs 187 crores.

7. 

The Competition Commission of India approved acquisition of upto 58.92% stake in HealthCare Global Enterprises Limited by which company?

A. Mahindra & Mahindra Financial Services Ltd.
B. Aceso Company Pte. Ltd.
C. GIC Housing Finance Ltd
D. Indiabulls Housing Finance Ltd

Answer: Option B

Explanation:

The Competition Commission of India approved acquisition of upto 58.92% stake by Aceso Company Pte. Ltd.(Aceso) in HealthCare Global Enterprises Limited(HCG), under Section 31(1) of the Competition Act, 2002.

8. 

The Competition Commission of India has approved the proposed combination which involves Eros International Plc, STX Filmworks Inc and Marco Alliance Limited. Competition Commission of India was formed in which year?

A. 2003
B. 2009
C. 2006
D. 2014

Answer: Option A

Explanation:

The Competition Commission of India has approved the proposed combination which involves Eros International Plc, STX Filmworks Inc and Marco Alliance Limited. The indirectly wholly owned subsidiary of Eros Plc will merge into STX, where STX will continue to be the surviving entity. The Hony Group will subscribe some shares of the merged entity through Marco, an existing investor in STX. Competition Commission of India was Formed in 14 October 2003.

9. 

Which Indian company is set to acquire Mumbai based private sector general insurer Raheja QBE General Insurance Company Limited in a deal worth around $76 million?

A. Myntra
B. Paytm
C. Flipkart
D. Phonepe

Answer: Option B

Explanation:

Indian e-commerce payment system Paytm & QorQl Pvt. Ltd, a Healthcare startup company with majority shareholding of Paytm founder Vijay Shekhar Sharma, is set to acquire Mumbai (Maharashtra)-based private sector general insurer Raheja QBE General Insurance Company Limited in a deal worth around $76 million (or Rs 570 crore). Raheja QBE is a joint venture of India's Prism Johnson (51%) and QBE Australia (49% ).

10. 

According to the COVID-19 and Tourism: Assessing the Economic Consequences published by UNCTAD the World Tourism sector could lose how much money?

A. 1.2 trillion USD
B. 2.2 trillion USD
C. 3.2 trillion USD
D. 4.2 trillion USD

Answer: Option A

Explanation:

The United Nations Conference on Trade and Development (UNCTAD) published the report, COVID-19 and Tourism: Assessing the Economic Consequences stating that the World Tourism sector could lose around 1.2 trillion USD or 1.5% of the Global Gross Domestic Product (GDP) because of the 4 months lockdown due to global pandemic situation.