With which company has MoRD signed a Memorandum of Understanding(MoU) for online marketing of SHG products?

Walmart

Amazon

Flipkart

AliExpress

Correct Answer : Amazon

* Ministry of Rural Development has signed an MoU with Amazon Seller Services Private Limited at Krishi Bhawan, New Delhi.

* Aim : To promote products listed by SHGs through the Saheli Storefront.

* With the help of this MoU SHG entrepreneurs under NRLM can be able to offer their products to buyers across India through AmazonSaheli Storefront.

* MoRD will conduct workshops for awareness creation and assist the sellers in listing their products with Amazon..

Source : PIB

Published On : May 15, 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.