TATA, Uber - Current Affairs Questions and Answers

ANSWER: N. Chandrasekaran

Explanation:
TCS MD and CEO, N Chandrasekaran has been appointed Chairman of TATA Sons. He is expected to take charge on Feb 21, 2017.

Popularly called “Chandra” the 54-year-old was chosen to step in as the new chairman after the removal of Cyrus Mistry. He will replace interim chairman Ratan Tata.

This is as per the recommendation of the Selection Committee.

He will now step down from his position in TCS which will be taken over by Rajesh Gopinathan, currently the company’s CFO,

Meanwhile, a battle is on at the National Company Law Tribunal with Mistry, who has challenged his ouster.

About Chandrasekaran's Career Milestones

Mr. Chandrasekaran was the Chief Executive Officer and Managing Director of Tata Consultancy Services since 2009.

A Tata employee for life, he had joined the company in 1987.

He was appointed as a Director on the board of Tata Sons on October 25, 2016.

He is the third non Tata to be chairman of Tata Sons, the holding company of Tata Group .

Chandrasekaran is an avid photographer and a passionate long-distance runner and completed several marathons around the world.

Know More About TCS

• Industry: IT services, IT consulting
• Founded: 1968
• Founder: J.R.D. Tata, F.C. Kohli
• Headquarters: Mumbai, Maharashtra, India
• Chairman: Ishaat Hussain
• CEO and MD: Rajesh Gopinathan

ANSWER: S Padmanabhan

Explanation:
Tata Power has said that S Padmanabhan has been nominated as chairman of the board of directors of the company. S Padmanabhan, additional director on the company’s board, has been nominated as Chairman of the board of directors of the company effective January 4, 2017, Tata Power said in a BSE filing.

In December 2016, Mr. Padmanabhan was appointed the Additional Director.

Previously, he was the Executive Chairman, Tata Business Excellence Group (TBExG), and was recently given the additional responsibility as Head of Group HR for Tata Sons.

Mr. Padmanabhan has been associated with the Tata group for over 34 years.

The nomination comes against the backdrop of Cyrus Mistry’s resignation as director of the company in December.

TATA Power: Know More

• CEO: Anil Kumar Sardana (since Feb 1, 2011)
• Headquarters: Mumbai, Maharashtra
• Revenue: 330.3 billion INR (2013, US$4.9 billion)
• Parent organization: Tata Group

ANSWER: Cabs

Explanation:

• The Uber fare rates automatically increase, when the taxi demand is higher than drivers around customers.
• The Uber prices are surging to ensure reliability and availability for those who agree to pay a bit more. You can be notified by the app when the Uber surge pricing goes down again.
• Uber price surging happens often at peak times in the morning and again in the evening rush hours when everyone is heading back from work.
• When the Uber prices are surging, it also encourages more drivers to get back on the road and be able to earn more money. Usually, the Uber surging only last for a few minutes depends on the demand and the amount of available drivers in the customer’s area.
• Many places in India have banned surge pricing like Delhi and Karnataka. The cabs charge even six to seven times the fare under the name of surge pricing.

ANSWER: Uber

Explanation:
Online cab aggregator Uber has announced a global partnership with third party payment platform Alipay to permit Chinese travellers to get rides through this solution in more than 400 cities, according to companies

• Uber riders can avail of the facility through the Paytm platform
• China’s Alibaba and affiliate Ant Financial had picked up the stake in One97 Communications, the parent company of Paytm.

ANSWER: Uber

Explanation:
Taxi hailing application Uber has signed an agreement with the Maharashtra government to create around 75,000 jobs across the Western state. Through the MoU, Uber will focus on training those who are from marginalised sections of society as well as women. This ensures the promotion of fair and equal opportunity for different sectors of the society to earn money as independent entrepreneurs on the platform. MoU was formalised by Uber through Skill Development and Entrepreneurship Department, Government of Maharashtra. Uber was launched in 2009 and is present in over 360 cities in more than 65 nations across the world.