Current Affairs - Business

Exercise : Business - Latest Current Affairs
  • Business - Latest Current Affairs
11.
Which company increased its stake in SBI Cards & Payments Services Limited on February 9, 2024?
HDFC Asset Management Co. Ltd
UTI Asset Management Co. Ltd
Aditya Birla Sun Life Insurance Co. Ltd
Life Insurance Corporation of India
Answer: Option
Explanation:
LIC, the Life Insurance Corporation of India, has increased its shareholding in SBI Cards & Payments Services Limited from 4.99% to 5.02% through open market purchases. This move signifies LIC's enhanced ownership in the non-banking financial company.

12.
Which company recently surpassed the ₹20-lakh crore market capitalization mark, becoming the first on Indian stock exchanges to do so?
Tata Motors
Infosys
Reliance Industries
HDFC Bank
Answer: Option
Explanation:
Reliance Industries Limited (RIL) achieved a historic milestone by crossing the ₹20-lakh crore market capitalization threshold, making it the first company on Indian stock exchanges to reach this valuation. This achievement underscores RIL's robust performance across its business divisions and favourable market conditions.

13.
With which institution does the Uttar Pradesh government plan to collaborate for enhanced disaster management?
IIT Bombay
IIT Kanpur
IIT Delhi
IIT Roorkee
Answer: Option
Explanation:
The Uttar Pradesh government intends to sign a memorandum of understanding (MoU) with IIT Roorkee to enhance disaster management efforts. This collaboration aims to minimize casualties and improve disaster preparedness by providing specialized training to personnel and researching disaster root causes.

14.
What is the new name of Paytm E-commerce after rebranding?
Payworld
PayMart
PayConnect
Pai Platforms
Answer: Option
Explanation:
Paytm E-commerce has rebranded itself as Pai Platforms, following approval from the Registrar of Companies. This transformation aligns with the company's strategic evolution and includes the acquisition of Bitsila, a significant move within the digital commerce landscape.

15.
Which company has partnered with C-DAC for the production, marketing, and support of Thermal Cameras in India?
Bharat Electronics Limited
Prama India
Tata Advanced Systems Limited
Larsen & Toubro
Answer: Option
Explanation:
Prama India has partnered with India's Centre for Development of Advanced Computing (C-DAC) for Thermal Camera Technology through a Transfer of Technology (ToT) agreement. This collaboration focuses on the production, marketing, and support of Thermal Cameras, contributing to India's self-reliance and security objectives.