Which company announced to merge with Mindtree to become 5th-largest IT firm?

Hexaware Technologies

KPIT Technologies

Larsen & Toubro Infotech

Zensar Technologies

Correct Answer : Larsen & Toubro Infotech

Larsen & Toubro Infotech and Mindtree, the two independently listed IT services companies under Larsen & Toubro Group, on Friday(6th May 2022) announced a merger that would create India’s fifth-largest IT services provider.

The combined entity will be known as “LTIMindtree”.

The Boards of Directors of Mindtree and L&T Infotech (LTI) at their respective meetings held on Friday(6th May 2022) approved a composite scheme of amalgamation of both these independently listed IT services companies under the Larsen & Toubro Group. The proposed integration will see Mindtree and LTI join strengths to create an efficient and scaled up IT services provider exceeding USD 3.5 billion, Mindtree said in a statement.

Source : The Print

Published On : May 7, 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.