Current Affairs - Business

Exercise :: Business - Latest Current Affairs

  • Business - Latest Current Affairs
31. 

Oman India Joint Investment Fund Acquired how much percentage of stake in DCB Bank?

A. 1.63%
B. 1.33%
C. 1.50%
D. 2.00%

Answer: Option A

Explanation:

Oman India Joint Investment Fund(OIJIF) II acquired 5.07 million (50,69,903) shares or 1.63% stake in DCB Bank Limited(DCB Bank)through a block trade (bulk deal) on stock exchanges. The stake is valued at Rs 42 crore. The shares were purchased at an average price of Rs 81.90 valuing the transaction at Rs 41.52 crore.

32. 

UAE starts its first-ever nuclear reactor "Barakah" at Abu Dhabi in a joint venture with the Emirates Nuclear Energy Corporation (ENEC) and __________.

A. Siemens
B. KEPCO
C. Enel
D. KT Corporation

Answer: Option B

Explanation:

Oil-rich Gulf state UAE finally starts its first-ever nuclear reactor "Barakah" at Abu Dhabi on the Gulf coast. Developed in a joint venture with the Emirates Nuclear Energy Corporation (ENEC) and Korea Electric Power Corporation (KEPCO) Barakah means "blessing" in Arabic.

33. 

Which of the following become World's first Large Scale Chemical Production Plant to completely run on Renewable Energy?

A. Sipchem
B. Asahi Kasei Corporation
C. Evonik Industries
D. SABIC

Answer: Option D

Explanation:

SABIC in Spain, is set to become the World's first large scale industry to completely run on renewable power on signing a major agreement with Iberdrola, an electricity utility company to secure power from solar power projects. The Facility is expected to become fully operational by 2024 and support SABIC to achieve its clean energy target by 2025. This new plant will contribute 80,000 tonne annual reduction in the indirect emission of carbon dioxide supporting the climate change initiatives like EU 2030.

34. 

NTPC signs the MoU with which organisation to seek investment opportunities in areas like renewable energy, power distribution and other areas of mutual interest in India?

A. CSIR
B. ISRO
C. NIIF
D. DRDO

Answer: Option C

Explanation:

NTPC (formerly known as National Thermal Power Corporation Limited) signs the Memorandum of Understanding with National Investment and Infrastructure Fund(NIIF), acting through National Investment and Infrastructure Fund Limited(NIIFL) to seek investment opportunities in areas like renewable energy, power distribution and other areas of mutual interest in India.

35. 

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.