According to NASSCOM, assets under the management of Environmental, Social and Governance (ESG) funds will be registered at _____ in 2021.

USD 370 million

USD 486 million

USD 565 million

USD 650 million

Correct Answer : USD 650 million

Assets under management for Environmental, Social and Governance (ESG) funds increased 2.5 times to USD 650 million in India in financial year 2021 on an annual basis, a top official of IT industry body Nasscom said on Friday.

Nasscom President Debjani Ghosh, during the launch of 'Enterprise Innovation Challenge', said there has been a sharp increase in conversations around ESG.

"Companies are not just becoming alert to ESG performance of vendors or partners that they are willing to work with, but investors also are using ESG as metrics to drive investments.

"In India alone, the assets under management for ESG funds rose by 2.5 times in just a year. From 275 million USD in Fiscal Year 20, the assets under management for ESG funds went up to 650 million USD in Fiscal Year 21," Ghosh said at the virtual event.

Digital India CEO Abhishek Singh said ESG will be one of the top priorities for the industry..

Source : Business Standard

Published On : January 30, 2022

Recent Updates in Business and Economics - General Knowledge Questions

Q .

Which company has acquired an 85.8% stake in Air Works for Rs 400 crore?

L&T Group

Adani Group

Tata Group

Reliance Industries

Correct Answer : Adani Group

* Adani Group has acquired an 85.8% stake in Air Works, India's largest private-sector Maintenance, Repair, and Overhaul (MRO) company, for Rs 400 crore.

* This acquisition strengthens Adani’s presence in India’s civil and defence aviation services sectors, contributing to the country’s growing aviation market and supporting the Aatmanirbhar Bharat initiative.

* The move also expands Adani’s capabilities in the defence and civil MRO sectors, enhancing its service offerings and footprint across India and internationally.

Published On : December 25, 2024

Category : Business and Economics

Q .

What percentage of stake did Coca-Cola sell in its India bottling business to Jubilant Bhartia Group?

30%

40%

50%

60%

Correct Answer : 40%

* Coca-Cola sold a 40% stake in its India bottling business, Hindustan Coca-Cola Holdings (HCCH), to Jubilant Bhartia Group for ?12,500 crore, valuing the company at ?31,250 crore.

* This sale aligns with Coca-Cola's asset-light refranchising strategy and will help strengthen its presence in India, its fifth-largest market.

* The transaction also marks a significant step for Jubilant Bhartia Group to expand its portfolio in the beverage sector, leveraging its expertise from businesses like Domino’s and Dunkin’ to boost growth in the bottling sector.

Published On : December 13, 2024

Category : Business and Economics

Q .

Which company signed a long-term LNG ship charter contract with "K" LINE?

ONGC

Indian Oil

GAIL

Reliance Industries

Correct Answer : GAIL

GAIL has entered into its first long-term time charter agreement with Singapore-based "K" LINE for a new LNG ship, featuring a tank capacity of 1,74,000 cubic meters.

Scheduled to be operational by 2027 and built by Samsung Heavy Industries, this agreement enhances GAIL's LNG transport capabilities.

The partnership also benefits from "K" LINE's extensive 40-year expertise in LNG shipping, marking a significant step in strengthening India's energy infrastructure.