Current Affairs - Business
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Exercise : Business - Latest Current Affairs
- Business - Latest Current Affairs
1.
Which group announced a commitment to invest ₹6 trillion in Maharashtra to support the state’s goal of becoming a $1 trillion economy by 2030?
Answer: Option
Explanation:
Adani Group announced a commitment to invest ₹6 trillion in Maharashtra to support the state’s objective of becoming a $1 trillion economy by 2030. The proposed investment will cover strategic sectors including energy, coal gasification, aviation, data centres, urban regeneration and infrastructure. Major plans include the development of Navi Mumbai International Airport, an integrated business and hospitality district near Mumbai airport, and the Dharavi Redevelopment Project. The group also plans pumped-storage hydro projects and a 1,000 MW HVDC transmission link supplying power to Mumbai. Projects worth ₹2.6 trillion are already at various stages of construction in Maharashtra.
Date : 2026-10-05
2.
Which organisation was announced as the principal sponsor of the Earthshot Prize 2026 Summit in Mumbai?
Answer: Option
Explanation:
The Serum Institute of India was announced as the principal sponsor of the Earthshot Prize 2026 Summit in Mumbai on October 1, 2026. The summit marks the first time the global environmental event will be held in Mumbai, India. The Serum Institute of India joined as a principal sponsor to support environmental innovators, leaders, and investors working on solutions to major environmental challenges. The Earthshot Prize, launched in 2020, aims to identify and scale solutions to the world’s most pressing environmental problems by 2030. Five winners will receive €1 million each to accelerate their environmental initiatives. SII is headquartered in Pune and was founded in 1966 by Cyrus Poonawalla.
Date : 2026-10-04
3.
Which regional airline received a No Objection Certificate from the Ministry of Civil Aviation to operate under the UDAN scheme?
Answer: Option
Explanation:
Air Ayodhya, a regional airline under Megamax Aviation, received the No Objection Certificate (NOC) from the Ministry of Civil Aviation on September 28, 2026, to operate under the UDAN scheme. The NOC represents the first regulatory step toward obtaining an Air Operator Certificate (AOC) from the Directorate General of Civil Aviation (DGCA). The airline aims to improve regional connectivity in Uttar Pradesh by linking tier-2 and tier-3 towns, pilgrimage centres and tourism destinations. Its initial operations are planned with Cessna Grand Caravan EX aircraft, with the first aircraft scheduled for delivery in December 2026. Future plans include larger aircraft for high-demand routes.
Date : 2026-09-30
4.
Which Indian power utility signed a 50:50 joint venture agreement with France’s EDF Power Solutions for low-carbon energy projects?
Answer: Option
Explanation:
NTPC Limited signed a 50:50 joint venture agreement with EDF Power Solutions India Private Limited on September 25, 2026, to develop low-carbon energy infrastructure. NTPC is India’s largest power utility and operates under the Ministry of Power. The joint venture will focus on the development, ownership and operation of pumped storage projects, along with hydroelectric installations, renewable energy facilities and electricity distribution operations. The new entity will undertake projects in India and neighbouring countries. The partnership supports India’s target of achieving 100 GW of installed pumped storage capacity by 2036 and aims to combine technical expertise to accelerate decarbonization and improve the performance of electricity systems and transmission assets.
Date : 2026-09-30
5.
Which company exited Pine Labs by selling its entire 4.31% stake for ₹933.57 crore?
Answer: Option
Explanation:
Mastercard exited Pine Labs by selling its entire 4.31% stake for ₹933.57 crore through open market transactions on September 22, 2026. The transaction was executed through block deals on the BSE, involving the sale of 4.97 crore equity shares at ₹187.75 per share. ICICI Prudential Life Insurance was the largest institutional buyer, acquiring a 0.8% stake, while Societe Generale and Citigroup Global Markets Singapore also purchased significant stakes. Pine Labs is an Indian merchant commerce platform headquartered in Noida, Uttar Pradesh, and was established in 1998. Mastercard is a global payment technology corporation headquartered in Purchase, New York.
Date : 2026-09-26
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