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A)
paypal
B)
Acemoney
C)
Stripe
D)
Payoneer

Correct Answer : Option (B) - Acemoney

Note :

* Acemoney has launched UPI 123Pay payment and wearable ATM cards.

* UPI 123Pay : Allow people to carry out cashless transactions without smartphones or internet connections by using feature phones only.

* Wearable ATM cards : It is designed as key chains and rings that allows people to carry out cashless transactions without ATM cards and phones.

* Acemoney is India's first company to launch UPI 123Pay services in Malayalam and Tamil.

* RBI had launched UPI 123Pay in March 2022..

Source : The Hindu Businessline

  Show Answer
A)
Adani Group
B)
Azure Power Global Limited
C)
Tata Power Solar Systems
D)
Websol Energy Systems Ltd.

Correct Answer : Option (C) - Tata Power Solar Systems

Note :

Tata Power Solar Systems, a wholly-owned subsidiary of Tata Power, has accomplished a remarkable feat by commissioning India's largest floating solar power project in Kayamkulam, Kerala on a 350-acre water body, backwaters area, having an installed capacity of 101.6 Megawatt Peak.

This installation was completed within the stipulated period, despite the arduous challenges of variable water depths, high sea tides, and severe water salinity concerns faced throughout the project's construction duration.
 
Tata Power Solar successfully built a scaffolding platform on the water body to make the entire solar plant float on water. This project is the first one in the Floating Solar Photovoltaic (FSPV) through Power Purchase Agreement category. This plant boasts a floating inverter platform having a 5 Megawatt (MW) capacity.
 
The large-scale installation and commissioning of this 101.6 MWp capacity solar plant have been the fastest in the FSPV category, with ready a Commercial Operation Date (CoD) certification, which means the project has been nodded as complete and operational. The entire project is anchored to the waterbed of Kerala backwater using 134 cast pile foundations that are bored to a depth of 20 meters underwater to support the Central Monitoring and Control Stations (CMCS) and the 33/220 kilovolts switchyard. All this was done by dredging soil strata underwater, wherein the high groundwater was also a deterrent..

Source : Business Standard

  Show Answer
A)
Zomato
B)
Talabat
C)
Swiggy
D)
McDonald's

Correct Answer : Option (A) - Zomato

Note :

Online food delivery platform Zomato on Friday announced the acquisition of Blinkit, which was earlier known as Grofers, in an all-stock deal of Rs 4,447 crore.
 
Zomato said it would acquire up to 33,018 equity shares of Blink Commerce Pvt Ltd from its shareholders for a total purchase consideration of Rs 4,447.48 crore at a price of Rs 13.45 lakh per equity share. The decision was taken at a board meeting today. “This acquisition is in line with our strategy of investing in the quick commerce business,”
 
Zomato said, adding that the transaction would be carried out through issuance and allotment of up to 62.85 crore fully paid-up equity shares of Zomato, having face value of Re 1 each at a price of Rs 70.76 per equity share. Zomato already holds one equity share and 3,248 preference shares, presently in the online quick commerce startup.
 
Zomato said it would also buy the warehousing and ancillary services business from Blinkit's parent company Grofers International for Rs 60.7 crore..

Source : India Times

  Show Answer
A)
Manu Exports
B)
Rajesh Exports
C)
Sundhar Exports
D)
Maharshi Exports

Correct Answer : Option (B) - Rajesh Exports

Note :

Rajesh Exports, a gold retailer based in Bangalore, has announced plans to invest $3 billion to build India’s first display manufacturing plant. This is a major revolutionary investment as Display manufacturing Industry has traditionally been absent from India’s diverse electronics manufacturing industry. As the world steadily recovers from the chip shortage, countries all around the world are enacting measures to stimulate domestic semiconductor manufacturing investment.

Telangana IT Minister K T Rama Rao along with Chairman of Rajesh Exports Rajesh Mehta announced setting up of Generation 6 AMOLED Display FAB, an official release said here on Sunday(12th June 2022).
 
* Telangana’s government has declared that a business called Rajesh Exports will build India’s first display manufacturing plant in the state. They have put around $3 billion on this.

* The facility will be set up by Elest, a business that makes screens for cellphones and electric vehicles.

* Many programmes, such as the PLI plan, have been created by the Indian government to encourage enterprises to produce domestically in India.

* Telangana has positioned India as a global leader in advanced high-tech manufacturing.

* The things that was previously only possible in Japan, Korea, and Taiwan will now be possible in Telangana, to build a large-scale ecosystem of partners and ancillaries capable of supplying world-class television, smartphone, and tablet manufacturers.
 
Telangana IT Minister K T Rama Rao tweeted : "Historic day for Telangana. Rajesh Exports (Elest), a Fortune-500 company, to setup India's first Display FAB to manufacture the most advanced AMOLED displays, with an investment of Rs 24,000 crore, making it one of the largest investments in high-tech manufacturing sector in India."..

Source : Business Standard

  Show Answer
A)
₹3,000 crore
B)
₹3,400 crore
C)
₹4,350 crore
D)
₹5,000 crore

Correct Answer : Option (D) - ₹5,000 crore

Note :

The largest electronic manufacturing services (EMS) provider in India, Bharat FIH has received market regulator Sebi's approval for an initial public offering (IPO) aggregating to ₹5,000 crore.
 
Bharat FIH is a subsidiary of FIH Mobile a leading manufacturing services provider for the mobile handset industry, which is a part of Foxconn Technology Group. The company makes devices for Xiaomi and Nokia.
 
Bharat FIH had filed its draft prospectus in December last year, to raise ₹5,003.8 crore from the IPO. The IPO size comprises a fresh issue worth ₹2,501.9 crore and an offer for sale up to ₹2,501.9 crore by Wonderful Stars.
 
As per Sebi's latest update, the regulator issued an observation letter on June 10, to Bharat FIH.
 
Under the IPO, 75% of the offer is reserved for qualified institutional buyers, while 15% of the size is allotted for non-institutional investors and the remaining 10% for retail individual investors.
 
Kotak Mahindra Capital, Citigroup Global Markets, BNP Paribas, and HSBC Securities and Capital Markets are acting as the book-running lead managers..

Source : Mint

  Show Answer
A)
₹2,060
B)
₹3,000
C)
₹4,720
D)
₹5,450

Correct Answer : Option (A) - ₹2,060

Note :

Chinese technology conglomerate "Tencent" has bought stake worth USD 264 million (about ₹2,060 crore) in Flipkart from its co-founder Binny Bansal through its European subsidiary, according to official documents.
 
Singapore-headquartered e-commerce firm Flipkart has operations in India only.
 
Bansal holds around 1.84 per cent stake in Flipkart after selling part of his stake to Tencent Cloud Europe BV.
 
The transaction was completed on October 26, 2021 and was shared with the government authorities at the beginning of the current financial year.
 
Post the transaction, Tencent arm holds 0.72 per stake in Flipkart which is valued at around USD 264 million, as per last valuation of USD 37.6 billion disclosed by the e-commerce firm in July 2021.
 
The company's valuation surged to USD 37.6 billion after raising USD 3.6 billion (about ₹26,805.6 crore) in funding round led by Singapore's sovereign wealth fund GIC, CPP Investments, SoftBank Vision Fund 2 and Walmart..

Source : Mint

  Show Answer
A)
Toyota
B)
Hero MotoCorp
C)
Maruti Suzuki
D)
Hyundai Motor Company

Correct Answer : Option (C) - Maruti Suzuki

Note : Maruti Suzuki India has installed a 20 MW solar carport at its Manesar, Haryana, site. The project is projected to provide the organisation with 28,000 MWh of electricity per year.

According to the firm, the energy generated by this initiative will be similar to the energy required to create nearly 67,000 cars every year. This is Asia’s largest solar carport, according to the business..

Source : F T L

  Show Answer
A)
Bajaj Finserv
B)
Muthoot Finance
C)
Manappuram Finance Limited
D)
Mahindra Finance

Correct Answer : Option (B) - Muthoot Finance

Note :

Airtel Payments Bank has partnered with Muthoot Finance to offer gold loans through Airtel Thanks app.

There will be no-processing charge on the loan.

Muthoot Finance will provide up to 75% of the pledged gold value as a loan.

The loan facility will be available at the 5 lakh banking points for Airtel Payments Bank.

Gold Loans are secured loans that can be availed to cater to a variety of needs, from personal to professional.

Source : F T L

  Show Answer
A)
$5 trillion
B)
$7 trillion
C)
$10 trillion
D)
$20 trillion

Correct Answer : Option (C) - $10 trillion

Note :

According to the latest study which was conducted by digital payments firm PhonePe and Boston Consulting Group (BCG) states that India's digital payment market is expected to more than triple to $10 trillion by 2026.
 
Presently, 40% of all transactions in India are digital, and payments worth $3 trillion were processed by digital instruments in 2021.
 
India's UPI continues to grow, clocking $5.95 billion transactions worth Rs $10.41 lakh crore in May 2022..

Source : F T L

  Show Answer
A)
Supriya Paul
B)
Radhika Aggarwal
C)
Falguni Nayar
D)
Rashmi Sahoo

Correct Answer : Option (D) - Rashmi Sahoo

Note :

Director of Ruchi Foodline, Eastern India’s leading food brand and Odisha’s No.1 spices company, Rashmi Sahoo has been presented the Times Business Award 2022. She was given the award by renowned Bollywood actor and social activist "Sonu Sood".

The award was given in the category of Eastern India’s Leading READY -TO-EAT brand.
 
About the Rashmi Sahoo :

* While working as director of Ruchi Foodline, she started and established Frozit – Odisha’s first frozen food company.

* She not only revolutionized the food processing segment in Odisha but also changes the lives of thousands of women by proving employment opportunities.

* Sahoo and Frozit have won various accolades across the world for their innovative food product line, quality and hygiene standards.
 
About Frozit :

* Gradually Frozit has made a name of itself nationally and internationally in the category of ready to eat food and bakery and which are not only healthy but also cost-effective.

* Frozit now serves various food of India as well as traditional Odia foods like Biryani, Pasta, Ghee-Rice, Mutton Kasa, Laccha Paratha, Mughlai Chicken, Veg Pulao, Kadai Soyabin, Chana Masala, Friend Rice, Tandoori Mushroom, Garlic Mushroom, Zeera Rice, Mix Veg, Pada Pitha, and Kheer.

  Show Answer