Current Affairs - Business

Google launched its first-ever global credit card in India, marking a significant milestone in the country’s digital payments landscape. Issued in partnership with Axis Bank and operating on the RuPay network, the card is integrated with Google Pay and can be directly linked to UPI for merchant payments. This enables users to make seamless credit-based UPI transactions, a feature not supported by Visa or Mastercard cards. The card also introduces an instant rewards system, allowing users to redeem benefits immediately after each transaction, highlighting India’s growing leadership in fintech innovation and digital payment solutions.

The Department of Posts partnered with BSE, Asia’s oldest stock exchange, to distribute mutual funds through India Post’s extensive network. This initiative leverages BSE StAR MF, India’s largest mutual fund platform, to enable last-mile financial inclusion, especially in rural and semi-urban areas. Postal employees will be trained and certified as mutual fund distributors, assisting citizens with transactions and investor guidance. The MoU, valid from 12 December 2025 to 11 December 2028, aims to improve financial literacy, provide access to formal investment products, and reduce reliance on informal or unregulated channels.

Amazon has signed a Memorandum of Understanding with Gati Shakti Vishwavidyalaya to strengthen collaboration in learning, research, and innovation within the logistics and warehousing sectors. The partnership focuses on developing industry-oriented academic programs, updating curriculum content, and undertaking joint research initiatives. A key feature of the collaboration is the establishment of an Amazon Chair Professorship at the university, dedicated to data-driven warehousing research. By combining GSV’s academic expertise with Amazon’s industry experience, the initiative aims to enhance practical skills, encourage innovation, and support India’s efforts to improve logistics efficiency and infrastructure development.

Policybazaar launched the Claim Kavach programme as a customer-focused initiative aimed at reducing the complexity involved in motor insurance claims. Through this service, Policybazaar offers step-by-step guidance, assigns a dedicated claims manager, and provides a 24×7 helpline to support customers throughout the claims journey. The programme assists with claim filing, documentation, and coordination with garages and surveyors while promoting a digital and hassle-free process. Additionally, Policybazaar has an escalation team that intervenes in cases of delays or disputes by working closely with insurers, thereby improving transparency, efficiency, and customer confidence in claim settlements.

Cipla has launched Yurpeak, a tirzepatide-based injectable designed for weekly use to help manage both obesity and type-2 diabetes. This development follows regulatory approval for the underlying molecule and positions Cipla as the distributor and promoter of the second tirzepatide brand available in India. The introduction of this therapy is significant because metabolic disorders such as obesity and diabetes are rapidly increasing across the country. By offering advanced treatment options, Cipla aims to support improved clinical outcomes, enhance patient access to cutting-edge therapies, and contribute to addressing India’s pressing public health challenges.