Correct Answer :   Bharat Electronics

Bharat Electronics Limited (BEL), in partnership with Israel Aerospace Industries (IAI), has created a joint venture named BEL IAI AeroSystems Private Ltd.

This venture is focused on providing long-term product support for the Medium Range Surface-to-Air Missile (MRSAM) systems used by India's defense forces.

The collaboration highlights the ongoing partnership between the two companies and aims to enhance India's defense capabilities, aligning with the government's initiative of ‘Atmanirbhar Bharat’ (self-reliant India). The MRSAM system plays a critical role in countering aerial threats for various branches of the Indian armed forces.

Correct Answer :   Bajaj

Bajaj Auto is preparing to launch the Freedom 125, a new generation 125cc motorcycle available in both petrol and CNG variants.

This motorcycle is notable for its unique design, featuring a 21-inch front wheel and a 16-inch rear wheel.

Priced at Rs 95,055, the Freedom 125 is positioned in the affordable segment, aiming to attract customers interested in both traditional and electric motorcycles, which Bajaj views as a significant opportunity in India's growing two-wheeler market.

Correct Answer :   Airbus

Gati Shakti Vishwavidyalaya (GSV) has commenced its first executive training program for the aviation sector in collaboration with Airbus.

This three-day program focused on Safety Management Systems, is held at the Asian Institute of Transport Development in New Delhi and includes participants from leading airlines and international professionals, emphasizing the significance of industry collaboration in enhancing aviation safety standards.

Correct Answer :   BHEL

Bharat Heavy Electricals Limited (BHEL) is set to demonstrate India's first methanol-fired gas turbine at NTPC's Kayamkulam Combined Cycle Power Plant.

This initiative aims to address the issue of unutilized gas turbine sets due to a lack of natural gas and naphtha.

The project will proceed in two phases, with technology support and commissioning provided by BHEL’s Hyderabad units.

This move represents a significant step in utilizing alternative fuels and advancing India's energy technology capabilities.

Correct Answer :   Reliance Industries Limited

Reliance Industries Limited (RIL) advanced two positions to secure the 86th spot in the 2024 Fortune Global 500 list.

This achievement marks the highest ranking ever attained by the conglomerate, reflecting its robust performance and strategic growth across various sectors.

For the 21st consecutive year, RIL remains the highest-ranked Indian corporation in the list, highlighting its significant impact on both the Indian and global economies.

The ranking is based on total revenues, with RIL reporting record-high consolidated revenues and a substantial rise in EBITDA for FY24.

Correct Answer :   HDFC Life

The Insurance Regulatory and Development Authority of India (IRDAI) fined HDFC Life Insurance Rs 2 crore for breaching regulatory norms.

The penalty addressed violations related to policyholders' interests and outsourcing irregularities, each accounting for Rs 1 crore.

The violations were found during an inspection covering the financial years 2017-18 to 2019-20.

IRDAI has also issued directives to ensure compliance, requiring HDFC Life to submit an action plan and review outsourcing contracts.

Correct Answer :   4%

In June 2024, the Index of Eight Core Industries (ICI) experienced a 4% increase compared to June 2023.

This growth reflects positive performance across various key sectors, including Coal, Electricity, Natural Gas, Steel, Fertilizers, and Cement.

The percentage increase indicates a solid expansion in the core industries, which is essential for understanding the broader economic activity and industrial growth trends in the country.

Correct Answer :   UltraTech

UltraTech Cement, part of the Aditya Birla Group, is acquiring a 32.72% stake in India Cements for ?3,945 crore.

This acquisition, which includes an open offer to shareholders at ?390 per share, will strengthen UltraTech’s position in the Southern markets and support its goal of surpassing 200 MTPA in total cement capacity.

This strategic move follows an earlier investment in India Cements and aligns with UltraTech's broader strategy to expand its footprint in the cement industry.

Correct Answer :   Airbus

Airbus, in collaboration with Tata, is set to launch India's first H125 helicopter by 2026, with an initial production capacity of 10 units per year.

This partnership supports India's Atmanirbhar Bharat initiative, aiming to bolster domestic manufacturing capabilities.

Airbus is investing in the Indian aerospace market despite regulatory challenges and views India as a future leader in the commercial helicopter sector, comparable to the United States.

This venture signifies a significant step in advancing India's aerospace industry and enhancing self-reliance in defence and aviation.

Correct Answer :   Bharti Airtel

Bharti Airtel Ltd. was awarded the Taxnet 2.0 project by the Central Board of Direct Taxes (CBDT).

This project is intended to provide advanced network connectivity, facility management services, and video conferencing services to the Income Tax Department.

Bharti Airtel was selected through an open tender process, and Taxnet 2.0 will enhance the IT department's digital infrastructure by ensuring secure, reliable, and seamless connectivity.

The project's key features include enhanced security, higher reliability, and seamless connectivity, all aimed at improving tax services for citizens and businesses.