Business Contract - Current Affairs Questions and Answers

ANSWER: Aequs

Explanation:
Fokker Technologies, a division of GKN Aerospace and Aequs India signed a long term agreement for supply of machine components for Boeing’s Chinook helicopter. The LTA was signed at the Boeing India Supplier Conference in Hyderabad and Fokker Technologies will build parts into final sub-assemblies in facilities in Papendrecht, The Netherlands. Fokker Technologies commenced operations in 2014.

ANSWER: TASL

Explanation:
In a major step forward for the Telangana aerospace sector, Minister of IT K. T. Rama Rao has announced the setting up of a facility on the outskirts of the city to create fuselage for Apache helicopters in a collaboration between Boeing India and TASL.

ANSWER: MoMagic

Explanation:
Foxconn has acquired a 10 percent stake in MoMagic Technologies for an amount which has not been publicly disclosed. MoMagic is a mobile internet company backed by Mediatek offering analytics—driven marketing solutions to enterprises, startups and e-commerce players. FIH subsidiary Wonderful Stars has acquired the stake in MoMagic.

ANSWER: Visa Inc

Explanation:
Swatch Group CEO Nick Hayek signed a contract with credit card firm Visa Inc in association with a new Swiss watch that enables wearers to make payments. This device has been launched in China already where Swatch has partnered with China UnionPay. Swatch is now launching the watch in the US and Switzerland for which the collaboration with Visa Inc has been undertaken