Answers to The Strategist biz quiz

• Name the first company in Independent India to default on an international obligation
  Essar Steel, which defaulted on its $250 million floating rate notes in July 1999
  
• Which was the first Indian company where a "white knight" came to the rescue?
  . Gammon India, in 1987, when Manu Chhabria attempted a hostile takeover
  
• What is common to fire escapes, windshield wipers, disposable cell phones and baby carriers?
  They were all invented by women
  
• The first year of its launch, it sold only 25 units, making a loss of $20. Now, it's one of the most popular products in the world. Name it.
  Coca-Cola
  
• This company promoted its new product by mailing samples to each of the 1.5 million names listed in the American telephone books in 1915. Name the company
  Wrigley's. The product was its new spearmint-flavoured chewing gum
  
• In 1989, the arrest of a gangster in Mumbai revealed a dramatic plot to kill Nusli Wadia. What was his name?
  Arjun Babbaria
  
• Actor Arnold Schwarzenegger bought the first unit of this vehicle when it was manufactured for civilian use. Name it.
  The Hummer, manufactured for civilian use in 1992. The vehicle weighed in at 6,300 lb and was 7 feet wide
  
• Why are Hershey's Kisses so called?
  The popular theory is that the machine that makes the candy looks like it's kissing the conveyor belt
  
• What was IBM originally known as?
  Computer-Tabulator-Recorder Company
  
• CNBC stands for...
  Consumer News and Business Channel. The channel is now known only by its acronym