Current Affairs - Business - Discussion
Discussion Forum : Business - Latest Current Affairs (Q.No. 85)
85.
Which company has acquired a 26% stake in NDDB Mirda Ltd, a bio-gas venture?
Answer: Option
Explanation:
Suzuki Motor Corporation has acquired a 26% stake in NDDB Mirda Ltd, a bio-gas venture developed by the National Dairy Development Board (NDDB). This strategic investment aligns with Suzuki's goals to utilize Compressed Bio-Gas (CBG) for improving the performance and longevity of vehicles. The partnership also reflects Suzuki’s commitment to sustainability by investing in alternative fuel sources. Furthermore, Suzuki has the provision to gradually increase its stake to 49%, showcasing its long-term dedication to this environmentally friendly initiative.
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