Current Affairs - Business
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Exercise : Business - Latest Current Affairs
- Business - Latest Current Affairs
1.
Which company announced a $450 million investment to build an AI Super Highway connecting major data centres across India?
Answer: Option
Explanation:
Tata Communications announced an investment of $450 million to develop an AI Super Highway connecting major data centres across India over the next three to five years. The project involves building a 10,000-km AI-ready fibre network designed to support bandwidth-intensive artificial intelligence workloads and hyperscale infrastructure. Its phased rollout will connect important cities, including Mumbai, Pune, Hyderabad, Chennai and Visakhapatnam, with further expansion towards Bhubaneswar and Gujarat. The network is designed to provide 7.2 petabytes of capacity, with a targeted Mumbai–Chennai round-trip latency of 15–16 milliseconds.
Date : 2026-10-29
2.
At which shipyard is Maersk scheduled to conduct its first planned drydocking in India for the vessel Maersk Chattogram?
Answer: Option
Explanation:
Kattupalli Shipyard, operated by Larsen & Toubro (L&T), is the location selected for Maersk’s first planned drydocking operation in India. The Singapore-flagged container vessel Maersk Chattogram is scheduled to undergo maintenance at the shipyard near Chennai, Tamil Nadu, beginning on October 20, 2026. The work includes a comprehensive 10-year planned maintenance cycle, a scheduled special survey, and overhauls of the vessel’s hull, structure, machinery, and propulsion systems. This milestone follows the maritime partnership between Maersk and L&T, established to explore shipbuilding, ship repair, and knowledge exchange. The collaboration also aims to strengthen India’s position as a global maritime hub.
Date : 2026-10-25
3.
What percentage stake did Brazilian aircraft manufacturer Embraer agree to acquire in Mahindra Group’s subsidiary Novavayu Aerospace Limited?
Answer: Option
Explanation:
Embraer, a leading Brazilian aerospace company, announced an agreement on October 16, 2026, to acquire a 51% stake in Novavayu Aerospace Limited (NAL), a subsidiary of India’s Mahindra Group. This majority stake will give Embraer a controlling interest in the company. The transaction is scheduled for completion by December 1, 2026. The strategic partnership aims to strengthen India’s commercial aviation and defence sectors by expanding domestic aerospace manufacturing, improving regional air connectivity, and modernising military aviation capabilities. The collaboration will also leverage Mahindra Group’s established industrial presence to explore emerging opportunities in India’s growing aerospace market.
Date : 2026-10-25
4.
Which renewable energy company secured a $100 million financing facility from the Dutch development bank FMO for renewable energy projects in India?
Answer: Option
Explanation:
ReNew Power secured a $100 million financing facility, approximately ₹955 crore, from the Dutch development bank FMO on October 13, 2026, to fund renewable energy projects under construction in India. The 10-year, rupee-denominated facility was extended to ReNew Solar Power Private Limited through the Reserve Bank of India's Voluntary Retention Route (VRR). This investment marked FMO's largest single-ticket investment in India's energy sector and was recognised as the largest 2X-aligned corporate financing in Asia to date by FMO. The facility also qualifies under the global 2X Challenge, which promotes women's economic participation and empowerment. ReNew's gross clean energy portfolio reached 20.5 GW as of August 18, 2026.
Date : 2026-10-20
5.
Which Indian power company signed a cooperation agreement with Africa50 in October 2026 to develop power-generation projects across Africa?
Answer: Option
Explanation:
NTPC Ltd signed a cooperation agreement with Africa50, an infrastructure investor, on October, 2026, to identify and develop power-generation projects and promote cross-border electricity trading across Africa. Under the partnership, NTPC will assess project feasibility, manage engineering activities, and develop technical solutions. Africa50 will oversee project financing, investment structuring, and coordination with government stakeholders. The collaboration aims to establish commercially viable power projects and strengthen electricity trade between African nations. NTPC also plans to expand its total power-generation capacity to 149 GW by 2032, including 60 GW of renewable energy capacity. Its existing installed capacity exceeds 91.5 GW across conventional and renewable energy sources.
Date : 2026-10-20
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