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1
The ONGC Videsh Ltd has recently decided to provide $318 mn financing guarantee to which of the following countries?
» Explain it
B
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Who: ONGC Videsh Ltd
What: will provide $318 mn financing guarantee Venezuela
When: published on 7th November 2016

ONGC Videsh Ltd has recently decided to provide USD 318 million financing to help raise output at a Venezuelan oilfield after the Latin American nation signed pact to supply 17,000 barrels per day of crude oil to India to clear past dues.

OVL and Venezuelan state oil company PDVSA signed the deal on Friday to finance increased crude production at the joint venture Petrolera Indovenezolana, SA, which operates the San Cristobal oilfield.

The financing will help boost production at San Cristobal field to 30,000-35,000 bpd from current 19,000-20,000 bpd.

For the complete information kindly visit given link:

http://www.financialexpress.com/industry/companies/ovl-to-provide-318-mn-financing-guarantee-to-venezuela/440041/
2
Adam Bain has recently resigned as Chief Operating Officer of which of the following companies?
» Explain it
A
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Who: Adam Bain
What: resigned as Chief Operating Officer of Twitter
When: published on 12th November 2016

For the complete information kindly go through the given lines:

Adam Bain has recently resigned Chief Operating Officer of Twitter.

Anthony Noto, who is working as a Chief Financial Officer (CFO) since 2014, is going to take charge as new Chief Operating Officer. He will be responsible for more operations such as live content business, revenue generating organizations including global advertising sales, data revenue product and business development.

About Twitter

Twitter is an online news and social networking service where users post and read short 140-character messages called tweets. It is based in San Francisco and has more than 25 offices around the world. It was created in March 2006 by Jack Dorsey, Noah Glass, Biz Stone and Evan Williams. However, the site was officially launched in July 2006. In 2013, it was one of the ten most-visited websites and has been described as the SMS of the Internet. As of March 2016, it had more than 310 million monthly active users.
3
Which of the following countries has recently agreed to import rice from 17 mills in India?
» Explain it
A
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Who: China
What: agreed to import rice from 17 mills in India
When: published on 22nd November 2016

China has recently agreed to import rice, non-basmati and basmati varieties, from 17 registered mills in India, following efforts to ensure market access for Indian products in that country.

In this regard, India had repeatedly sought market access for items including non-basmati rice, pharmaceuticals and many fruits and vegetables among others, citing the country’s widening goods trade deficit with China. India’s goods trade deficit with China has ballooned from $1.1 billion in 2003-04 to $52.7 billion in 2015-16.

China is the world’s largest rice importer. However, Beijing had so far not granted market access to India’s non-basmati rice claiming that the item had failed to meet Chinese norms on quality, health and safety. Its apprehensions included the possibility of the Khapra beetle (or cabinet beetle) pest getting transported along with Indian non-basmati rice consignments to China.

For the complete information kindly visit given link:

http://www.thehindu.com/business/Economy/China-agrees-to-import-rice-from-17-mills-in-India/article16680955.ece?utm_source=RSS_Feed&utm_medium=RSS&utm_campaign=RSS_Syndication