Weekly Business Quiz # 568

India

Q1. Which PSU Bank will be the lead sponsor with 12% stake in the bad loans aggregator National Asset Reconstruction Company ?

Ans. Canara Bank

Q2. Rishi Sunak, the UK Chancellor of Exchequer has been asked questions on tax claims on an Amazon JV in India. Connect Rishi Sunak to the Amazon JV.

Ans. The Amazon JV under question is Cloudtail.. It is a e-retailer owned by Prione in which Catamaran Ventures has 74 % stake and Amazon has 24 %. Catamaran Ventures is an angel investor owned by Narayana Murthy and Rishi Sunak is married to Narayana Murthy’s daughter.

Q3. Who or which company will be acquiring the housing finance co DHFL via NCLT ?

Ans. Piramal Capital belonging to the Ajay Piramal group.

Q4. Twin Star Technologies is set to acquire Videocon Industries through the NCLT . Which business group owns Twin Star ?

Ans. Anil Agarwal of the Vedanta Group

Compiled by G.Mohan

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