2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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TCS
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Microsoft
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Infosys
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IBM
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Detailed explanation-1: -Consulting arm of Global IT Services major, Infosys will buy 75% stake in Starter NV which is a subsidiary of Dutch based ABN AMRO Bank for $144 million (approx. Rs 999 crore) in an all-cash deal.
Detailed explanation-2: -Currently NLFI holds 56.3% in ABN AMRO, of which 49.9% is directly held via ordinary shares and 6.4% is indirectly held via depositary receipts for shares in ABN AMRO. STAK AAB holds 50,1% of the shares in the issued capital of ABN AMRO.
Detailed explanation-3: -Dutch bank ABN Amro will cut roughly 2,500 jobs under plans to wind-down part of its investment banking division in a major business overhaul to reduce costs in the next few years. ABN Amro confirmed it will reduce around 15% of its staff by 2024 and achieve €700 million in cost savings.