सामयिक विषय: Associations & Organizations

Avaada Power Pvt. Ltd

Question- Recently, Avaada Power Pvt Ltd has announced to invest Rs 3500 crores for setting up solar power projects of how much power in Andhra Pradesh?
(a) 350 MW
(b) 450 MW
(c) 500 MW
(d) 550 MW
Answer: (c)
Related Facts:

  • On February 28th, 2018, Avaada Power Pvt. Ltd. announced an investment of Rs. 3500 crores for setting up 500 MW solar projects in Andhra Pradesh.
  • In this context, the agreement was signed in 2018 in the Indian Industry Confederation Partnership Summit, held in Visakhapatnam in February, 2018.
  • According to Avaada Power, the solar project on the utility scale will produce enough clean energy for more than 2.4 million households.


NIIT acquires Eagle Productivity Solutions

Eagle International Institute Acquired

Question: Recently in how much amount did the Skill and Talent Development Company NIIT Limited acquired Eagle International Institute?
(a) $ 5.1 million
(b) $ 7.5 million
(c) $ 8.1 million
(d) $ 9.5 million
Answer: (c)
Related Facts:

  • On January 3rd, 2018 Eagle International Institute (EII) was acquired by Skill and Talent Development Company NIIT Limited.
  • This deal will help NIIT Limited to increase its training capacity in the field of global cloud-based enterprise application for the pharmaceutical industry.
  • The total transaction amount for the acquisition (share, credit and debt obligation) was 8.1 million US dollars.
  • This cash transaction includes advance and delayed payments of a period of 5 years.
  • Founded in the year 1988, Eagle does business of technology training and work process consulting.


Bharti Airtel signs agreement to buy Millicom's operations in Rwanda

Bharti Airtel Milicom Agreement

Question: Recently, Indian telecom company Bharti Airtel acquired a hundred percent stake in Rwandan operations by partnering with which of the following African telecommunications company?
(a) Milicom
(b) Rwandatel
(c) MTNL
(d) Inconet
Answer: (a)
Related Facts:

  • On December 19th, 2017, Bharti Airtel by partnering with Milicom International acquired 100% stake in its Rwanda’s operations.
  • Currently it is operating under the brand name of ‘Tigo Rwanda’. Under the agreement, Airtel Rwanda Limited will purchase 100% stake of Tigo Rwanda Limited.
  • Under the agreement, Tigo’s customers will be connected to the network of Airtel Rwanda.
  • It is important that Bharti Airtel is offering services to 370 million customers in 17 countries.
  • After this acquisition, Airtel Rwanda will become the second largest telecom company in the country.
  • The company has acquired operation of ‘Warid’ in Uganda and Congo ‘You Mobile’ in Kenya and ‘Milicom’ in Ghana.


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