Current Affairs - Business
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Exercise : Business - Latest Current Affairs
- Business - Latest Current Affairs
1.
Which company partnered with the Bombay Stock Exchange (BSE) to launch Project Shikhar for helping MSMEs access capital markets?
Answer: Option
Explanation:
Meesho partnered with the Bombay Stock Exchange (BSE) to launch Project Shikhar, an initiative aimed at supporting Micro, Small and Medium Enterprises (MSMEs) and digital-first businesses in accessing capital markets. The programme is designed to help high-performing e-commerce sellers transition from privately owned enterprises to publicly listed companies. Through guidance on compliance, corporate governance, regulatory preparedness, restructuring, and listing procedures, Project Shikhar seeks to simplify the public listing process. The initiative also promotes easier access to growth capital, enabling businesses to expand operations, improve transparency, strengthen governance standards, and enhance their credibility among investors and stakeholders.
Date : 2026-06-02
2.
Which company partnered with Israel’s Elbit Systems to establish India’s first private propellant manufacturing facility in Shirdi, Maharashtra?
Answer: Option
Explanation:
Nibe Group entered into a joint venture with Israel’s Elbit Systems on May 25, 2026, to establish India’s first private propellant manufacturing facility in Shirdi, Maharashtra. The collaboration aims to strengthen India’s defence manufacturing ecosystem under the “Make in India” and “Atmanirbhar Bharat” initiatives. The facility will produce key materials such as nitrocellulose, nitroglycerine, and various types of propellants including single, double, and triple base variants. Elbit Systems will provide technical expertise, while Nibe Group will manage investment and operations. The plant is expected to support advanced defence production, including artillery systems, missile technologies, rocket systems, and autonomous defence platforms, enhancing India’s strategic self-reliance.
Date : 2026-05-31
3.
Which organisation partnered with EdCIL (India) Limited to establish Smart Digital Classrooms under a CSR initiative?
Answer: Option
Explanation:
Steel Authority of India Limited (SAIL) signed a Memorandum of Understanding with EdCIL (India) Limited on May 26, 2026, to develop Smart Digital Classrooms under a Corporate Social Responsibility (CSR) initiative. The project aims to enhance inclusive education and improve learning outcomes by installing digital classrooms in schools located near SAIL’s operational areas. It aligns with the National Education Policy (NEP) 2020 and contributes to Sustainable Development Goal 4, which focuses on quality education for all. SAIL, a Maharatna CPSE under the Ministry of Steel, and EdCIL, a Miniratna CPSE under the Ministry of Education, are collaborating to strengthen educational infrastructure and promote equitable access to modern learning resources.
Date : 2026-05-31
4.
Which company signed an MoU with Munitions India Limited for the integration of advanced warheads into unmanned combat systems?
Answer: Option
Explanation:
Johnnette Technologies signed a strategic Memorandum of Understanding (MoU) with Munitions India Limited (MIL) on May 27, 2026, aimed at integrating advanced warheads into unmanned combat systems. The collaboration focuses on JM-series loitering munitions and the development of future Unmanned Combat Aerial Vehicle (UCAV) programs. The agreement supports the creation of a fully indigenous supply chain for precision-strike munitions under the Aatmanirbhar Bharat initiative, reducing reliance on foreign defence components. Johnnette Technologies specialises in unmanned combat aerial systems and is led by founder and CEO Lt Cdr John Livingstone (Retd.), contributing to India’s growing defence innovation ecosystem.
Date : 2026-05-30
5.
Which company signed a strategic agreement with the Department of Posts for nationwide last-mile parcel delivery services?
Answer: Option
Explanation:
Flipkart India Private Limited signed a strategic agreement with the Department of Posts (DoP) on May 22, 2026, to strengthen nationwide last-mile parcel delivery services. Under this partnership, Flipkart will leverage India Post’s extensive delivery network, which includes over 1.6 lakh post offices, enabling efficient logistics coverage across urban, semi-urban, rural, and remote regions. The agreement supports delivery of both prepaid and Cash on Delivery (COD) parcels, along with OTP-based secure authentication and real-time shipment tracking. This collaboration aims to enhance India’s e-commerce logistics ecosystem while optimising the reach and infrastructure of the Department of Posts.
Date : 2026-05-29
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