Business GK and Trade Awareness

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Business GK and Trade Awareness- September 21, 2023

One-Liner Questions:

  1. Who is Glenmark Pharmaceuticals Ltd (GPL) divesting its stake to?
  2. What is the equity valuation of Glenmark Life Sciences after the divestment?
  3. How much of a stake is being sold in government-owned power major SJVN?
  4. What has happened to the crypto job market in India between August 2022 and 2023?
  5. Who is acquiring Splunk and for how much?
  6. What economic value is Generative AI (GenAI) expected to generate annually?
  7. What is the dispute between SpiceJet’s Chairman and a Delhi businessman about?
  8. What did the Finance Ministry say about household savings in the country?
  9. How much has the IPL ecosystem value increased?
  10. How is Nasscom reacting to the ongoing India-Canada diplomatic row?
  11. Why did General Motors idle its Fairfax plant in Kansas?
  12. What trend did Nifty show on Thursday?
  13. What is the focus of STL’s new manufacturing facility in the US?
  14. How are domestic IT firms in India responding to deteriorating relations with Canada?
  15. What operation did the Income Tax department of Gujarat launch in Ahmedabad?


  1. Glenmark Pharmaceuticals Ltd (GPL) is divesting its 75 per cent stake in Glenmark Life Sciences to Nirma Limited.
  2. The equity valuation of Glenmark Life Sciences after the divestment is Rs 7,535.4 crore.
  3. A 4.92 per cent stake in SJVN is being offered for sale in the stock market.
  4. The crypto job market in India saw a decline of 64.20 per cent in job postings and a 15.20 per cent drop in job searches between August 2022 and 2023.
  5. Cisco is acquiring Splunk for about $28 billion.
  6. Generative AI (GenAI) is expected to generate economic value worth $2.6-$4.4 trillion annually.
  7. The dispute is about a share purchase agreement where the businessman paid Rs 10 lakh for 10 lakh shares but did not receive them.
  8. The Finance Ministry dismissed fears about household savings falling to a multi-decade low as a reflection of distress in the economy.
  9. The IPL ecosystem value has increased from Rs 87,000 crore to Rs 92,500 crore, or about 6.3 per cent.
  10. Nasscom said it will engage with stakeholders to track the impact of the India-Canada diplomatic row and support IT and tech companies if needed.
  11. General Motors idled its Fairfax plant in Kansas due to a United Auto Workers (UAW) strike.
  12. Nifty fell on Thursday, indicating bearish sentiments and is expected to remain in the 19,645-19,865 band for the near term.
  13. STL’s new $56 million manufacturing facility in the US focuses on driving rural broadband build.
  14. Domestic IT firms in India are adopting a “wait and watch” approach in response to deteriorating relations with Canada.
  15. The Income Tax department of Gujarat launched a search operation in Ahmedabad to shed light on potential large-scale benami transactions.

Business GK and Trade Awareness- August 6, 2023

What was the first-day sales figure for Xiaomi’s Redmi 12 Series launch in India?

Answer: Over 300,000 units.

Why is the Indian government considering reducing import duty on wheat?

Answer: Due to rising domestic prices of wheat.

At what price per quintal have wheat prices gone up in India?

Answer: Rs 2,500 per quintal.

How much has Astra reduced its workforce by?

Answer: Approximately 25%, including around 70 employees.

Why is Elon Musk’s X Corp unable to pay verified creators on time?

Answer: Flooded with requests for payments as part of its ad revenue-sharing program.

What is the new deadline for the Central government’s decision on restricting laptop and computer imports?

Answer: November 1.

What is the amount that SoftBank is suing IRL for due to fake user base and growth?

Answer: $150 million.

What caused the UN’s FAO All Rice Price Index to increase significantly?

Answer: India’s prohibition of non-parboiled Indica rice exports.

How much did the FAO Food Price Index increase in July from the previous month?

Answer: 1.3%.

On what occasion did Myntra highlight its made-in-India D2C brands supporting handloom weavers?

Answer: Eighth Handloom Day.

Who reported that FPIs turned sellers in the Indian market after sustained buying?

Answer: V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

What percentage increase in losses due to smuggling did the Indian government face from 2010 to 2020?

Answer: 163%.

What is the financial impact of the tax loss due to smuggling across five industries?

Answer: Rs 58,521 crore.

Which two top-level executives recently exited Ola Electric ahead of their IPO plans?

Answer: Slokarth Dash (Head of Strategy and Planning) and Saurabh Sharda (Head of Growth and Corporate Affairs).

When did Mahindra University hold its 2nd Annual Convocation?

Answer: August 5.


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