Current Affairs - Finance
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Exercise : Finance - Latest Current Affairs
- Finance - Latest Current Affairs
1.
Which Indian company signed an MoU with Japan’s Resona Bank for business matching and strategic investment collaboration?
Answer: Option
Explanation:
Tata Capital signed a Memorandum of Understanding (MoU) with Japan’s Resona Bank on August 24, 2026, to promote business matching and strategic investment collaboration. As part of the partnership, Resona Bank committed US$20 million as a limited partner in the Tata Capital Growth Fund III LP. The fund is managed by Tata Capital and is registered as a Category II Alternative Investment Fund with SEBI. The collaboration aims to facilitate business opportunities and client introductions by leveraging Tata Capital’s network in the Indian market. Tata Capital is a diversified, systemically important non-deposit-taking NBFC and a subsidiary of Tata Sons Private Limited.
Date : 2026-08-30
2.
Which company launched the Multi-Currency EEFC Account solution for exporters on August 24, 2026?
Answer: Option
Explanation:
Razorpay launched its Multi-Currency EEFC Account solution on August 24, 2026, to help exporters receive international payments directly in foreign currencies. The solution allows earnings to be credited to Exchange Earners’ Foreign Currency (EEFC) accounts in the original transaction currency, including USD, EUR, GBP, AED and SGD. It helps businesses reduce foreign exchange conversion cycles, minimise FX leakage and lower associated costs. The service is integrated into Razorpay’s existing dashboard and settlement engine, so merchants do not need separate onboarding or additional setup. Razorpay, established in 2014 and headquartered in Bengaluru, operates as an omnichannel payments platform for businesses.
Date : 2026-08-26
3.
Which airline partnered with Wizzmoni Financial Services Ltd to launch the Wizz Voyager co-branded multi-currency travel card?
Answer: Option
Explanation:
Oman Air partnered with Wizzmoni Financial Services Ltd to launch the Wizz Voyager, an AI-powered co-branded multi-currency travel card for international travellers. The card supports more than 35 global currencies and is issued in partnership with VISA for worldwide acceptance. It offers features such as real-time transaction tracking, smart financial controls, and milestone-based rewards, including Oman Air flight vouchers and cabin upgrades. The card is aimed at frequent international travelers, tourists, students, and professionals. Oman Air is a member of the oneworld Alliance and began international flight operations in 1993.
Date : 2026-08-24
4.
Which company is the target entity in the equity shareholding acquisition approved by the Competition Commission of India?
Answer: Option
Explanation:
Bharti Life Insurance is the target entity in the equity shareholding acquisition approved by the Competition Commission of India (CCI) on August 19, 2026. Prudential Corporation of India is the acquirer in the transaction, which involves the acquisition of a specific equity shareholding in Bharti Life Insurance. The CCI is responsible for enforcing the Competition Act, 2002, and preventing anti-competitive practices in India. It functions under the Ministry of Corporate Affairs and is headquartered in New Delhi. The approval demonstrates the role of competition authorities in reviewing significant corporate transactions to ensure fair competition in the market.
Date : 2026-08-23
5.
Which payments bank partnered with Paramotor Digital Technology Ltd to launch co-branded prepaid cards across India?
Answer: Option
Explanation:
NSDL Payments Bank entered into a co-branded partnership with Paramotor Digital Technology Ltd on August 21, 2026, to launch industry-specific prepaid cards across India. The partnership will support prepaid card solutions for both enterprises and consumers across various payment networks. Paramotor Digital will use the banking infrastructure of NSDL Payments Bank for card issuance. The collaboration will cover platforms such as SpendPro for consumer spending management, Yayyy.shop for digital gifting, and RewardOn for rewards and loyalty services. All payment solutions developed under the partnership will comply with RBI regulations and be integrated with secure existing payment networks.
Date : 2026-08-23
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