Current Affairs - Business

Exercise :: Business - Latest Current Affairs

  • Business - Latest Current Affairs
11. 

Which US private equity giant has agreed to acquire a 54% stake in Mumbai-based drug manufacturer JB Chemicals & Pharmaceuticals for approximately Rs 3100 crore?

A. The Blackstone Group
B. Kohlberg Kravis Roberts & Co.
C. The Carlyle Group
D. KKR Group

Answer: Option D

Explanation:

US private equity giant KKR has agreed to acquire a 54% stake(41.7 million or 4.17 crore fully paid up equity shares) in Mumbai-based drug manufacturer JB Chemicals & Pharmaceuticals for approximately Rs 3100 crore. KKR will make the investment through its subsidiaries, Tau Investments Holdings Pte. Ltd., Tau Holdco Pte. Ltd., and KKR Asia III Fund Investments Pte.

12. 

Edelweiss Asset Management Company, a subsidiary of Edelweiss Capital Limited has decided to bring the second installment of the Bharat Bond ETF with two new series to raise how much fund in July 2020?

A. Rs 14,000 crore
B. Rs 24,000 crore
C. Rs 4,000 crore
D. Rs 16,000 crore

Answer: Option A

Explanation:

Edelweiss Asset Management Company (AMC), a subsidiary of Edelweiss Capital Limited (ECL) has decided to bring the second installment of the Bharat Bond ETF (Exchange Traded Fund) with two new series to raise Rs 14,000 crore in July 2020.

13. 

US based Electronic chip maker Intel's investment arm, Intel Capital will buy 0.39% stake in which indian platform for Rs 1,894.50 crore?

A. Tata Sky
B. Reliance Industries Limited
C. Vodafone Idea
D. Bharti Airtel Limited

Answer: Option B

Explanation:

US based Electronic chip maker Intel's investment arm, Intel Capital to buy 0.39% stake in Reliance Industries Limited(RIL)'s Jio Platforms for Rs 1,894.50 crore. This is the 12th deal of Jio Platforms. With this investment, Jio Platforms has raised Rs 1,17,588.45 crore from global investors since April 22.

14. 

Which company has decided to acquire about 25% stake in India's second largest telecom company Bharti Airtel's data centre business -Nxtra Data Ltd- for $235 million?

A. General Electric
B. Wal-Mart
C. Carlyle Group
D. General Motors

Answer: Option C

Explanation:

American multinational private equity company Carlyle Group has decided to acquire about 25% stake in India's second largest telecom company Bharti Airtel's data centre business -Nxtra Data Ltd- for $235 million (about ?1,780 crore) through a company called Comfort Investments II, which is an affiliated entity of CAP V Mauritius Ltd., an investment fund managed and advised by affiliated firms of the Carlyle.

15. 

Which company will acquire Zoox, a self-driving startup founded in 2014?

A. Google
B. Uber
C. Flipkart
D. Amazon

Answer: Option D

Explanation:

Amazon announced that it will acquire Zoox, a self-driving startup founded in 2014 that has raised nearly $1 billion in funding and which aims to develop autonomous driving technology, including vehicles, for the purposes of providing a full-stack solution for ride-hailing.