Current Affairs - Business

The United Kingdom is set to invest €163 million in Eutelsat, acquiring a 10.89% stake in the satellite communication firm. Eutelsat, backed by the Bharti Group, is the world’s second-largest satellite communications provider, positioned as a competitor to Starlink. This investment increases Eutelsat’s capital raise from €1.35 billion to €1.50 billion and reflects the UK’s strategic move to diversify its state ownership in critical communication infrastructure. Alongside the UK’s investment, Bharti is also contributing an additional €150 million, reinforcing the company's global positioning and financial stability in the space communication industry.

Tesla is set to mark its formal entry into the Indian market by launching its first experience centre in Mumbai. The showroom will be located in the Bandra Kurla Complex (BKC), one of the city's major commercial hubs. This strategic move comes as Tesla begins testing the Indian market with electric vehicle (EV) and merchandise imports worth around $1 million, mainly sourced from China and the United States. While no manufacturing commitment has been made yet, the Mumbai launch is significant as it signals Tesla's intent to establish a strong retail presence and gauge consumer interest in India’s growing EV sector.

Adani Power Ltd acquired the 600 MW Vidarbha Unit, located in Nagpur, Maharashtra, for ₹4,000 crore through the insolvency resolution process. This acquisition, completed on July 7, 2025, was approved by the National Company Law Tribunal and adds significantly to the company’s growing energy portfolio. The Vidarbha Unit, formerly operated by Vidarbha Industries Power Ltd, consists of two 300 MW units powered by domestic coal. This strategic purchase increases Adani Power’s total operating capacity to 18,150 MW, reinforcing its position as India’s largest private thermal power producer and aligning with its target of reaching 30,670 MW by 2030.

Steel Authority of India Limited (SAIL) inaugurated its first overseas Representative Office in Dubai, United Arab Emirates. This strategic move aims to strengthen SAIL’s presence in the Middle East and North Africa (MENA) region, taking advantage of Dubai’s investor-friendly environment, robust infrastructure, and proximity to emerging steel markets. The office will facilitate direct interaction with international clients, enhance exports, and contribute to India's National Steel Vision of increasing steel production capacity. Dubai’s central role in global trade makes it an ideal location for SAIL’s expansion, supporting its goal of evolving into a globally competitive steel producer.

Adani Green Energy Limited (AGEL), a subsidiary of the Adani Group, has become the first Indian company to exceed 15 GW of installed renewable energy capacity, reaching 15,539.9 MW as of June 2025. This milestone reinforces AGEL's leadership in India's clean energy transition and places it among the top 10 independent power producers globally. The company's capacity includes solar, wind, and hybrid installations, and it recently added over 3,300 MW in a single fiscal year—an Indian record. AGEL’s achievement is also environmentally significant, offsetting 28.6 million tonnes of carbon annually and powering nearly 8 million households.