Ratan Tata, Startup - Current Affairs Questions and Answers

ANSWER: Invictus Oncology Pvt Ltd

Explanation:
Ratan Tata, the chairman emeritus of TATA Sons, has made the investment of a non disclosed amount in Delhi’s biopharma firm Invictus Oncology Pvt Ltd which is involved in uncovering cancer therapies. Invictus Oncology is the fifth firm Tata has invested in after Tracxn, DogSpot, FirstCry and CashKaro. This firm uses supramolecular technology platform for designing cancer treatment drugs. This company has also developed a deep pipeline of molecules tapping a USD 20 billion market opportunity in oncology space.

ANSWER: QPrize Make in India

Explanation:
For supporting the Make in India week, Department of Industrial Policy and Promotion and Qualcomm Inc through venture investment arm Qualcomm Ventures announced the largest startup contest in India called “QPrize Make in India” by awarding USD 350,0000 in equity investment as cash money prize for the company that wins the contest. The goal of this award contest is to galvanise entrepreneurial ventures and start up growth in India.

ANSWER: Ratan Tata

Explanation:
Coventry on 1st October 2015 honoured Ratan Tata with the highest award - Honorary Freeman of the City of Coventry. Since 1914, only 13 people have been conferred with the award.An Indian origin professor Lord Kumar Bhattacharyya, who founded the the Warwick Manufacturing Group (WMG), also won the title along with Tata at University of Warwick in Coventry. In 2000, Ratan Tata, the Chairman Emeritus of TATA Group was awarded the Padma Bhushan. He was awarded the Padma Vibhushan in the year 2008.