Question

Tata Electronics Pvt Ltd (TEPL) is acquiring Wistron's operations in India for $125 million, making it the first Indian company to manufacture Apple iPhones. What is the equivalent amount in Indian Rupees (Rs)?

A Rs 75 crore Correct Answer Incorrect Answer
B Rs 125 crore Correct Answer Incorrect Answer
C Rs 500 crore Correct Answer Incorrect Answer
D Rs 1,000 crore Correct Answer Incorrect Answer
E Rs 2,000 crore Correct Answer Incorrect Answer

Solution

Tata Electronics Pvt Ltd (TEPL), the Tata Group’s manufacturing arm, is acquiring Wistron’s operations in India for $125 million (Rs 1,000 crore). That will make it the first Indian company to manufacture Apple iPhones.

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