Current Affairs - Business

Hafele India has entered into a strategic partnership with the Department for Promotion of Industry and Internal Trade (DPIIT) to support India’s manufacturing and innovation efforts. As part of this collaboration, Hafele India has committed over USD 2.5 million to assist Indian startups and MSMEs, providing crucial support in terms of infrastructure and access to markets. DPIIT, in turn, will help facilitate connections between Hafele India and promising startups through the Startup India initiative. This partnership aims to create a thriving ecosystem for innovation and local manufacturing, ultimately contributing to the country’s economic growth.

To boost cargo movement through India’s inland waterways, the Inland Waterways Authority of India (IWAI) signed a Memorandum of Understanding with Rhenus Logistics India Pvt. Ltd., a global logistics company. The agreement, signed on May 6, 2025, in New Delhi, involves deploying a fleet of barges and pusher tugs on major national waterways such as NW-1, NW-2, NW-16, and the Indo-Bangladesh Protocol route. This collaboration is a strategic step toward strengthening multi-modal transport and supports initiatives like the Jal Marg Vikas Project, which aims to optimise India’s river network for efficient cargo transportation and reduce logistics costs.

Tata Consultancy Services (TCS) has partnered with Kuwait’s Jazeera Airways to lead a comprehensive AI-driven digital transformation. This initiative aims to enhance the airline’s digital ecosystem by upgrading its website and mobile applications, as well as implementing an AI-powered chatbot to improve customer engagement. TCS will also deploy a retail ancillary platform and a unified payment gateway to boost operational efficiency and drive bookings. The collaboration is focused on delivering a scalable, personalized travel experience while modernizing the airline’s overall digital infrastructure, showcasing TCS's capabilities in leveraging advanced technologies for business transformation.

Ultraviolette, an Indian electric vehicle company, partnered with the Madras Regimental Centre of the Indian Army to conduct a five-day rally across Tamil Nadu. The initiative was undertaken to honour the Veterans and Veer Naris of the Madras Regiment. As part of the collaboration, Ultraviolette provided its F77 electric motorcycles for the rally, which spanned diverse terrains across six districts, including Tirupur, Karur, Dindigul, Madurai, Theni, and Coimbatore. The event highlights a growing synergy between defence institutions and indigenous electric vehicle manufacturers, promoting both national pride and sustainable mobility solutions.

Jubilant Beverages Limited will acquire a 40% stake in Hindustan Coca-Cola Holdings (HCCH) as part of a strategic transaction approved by the Competition Commission of India (CCI). The deal also involves capital infusion into JBL through compulsorily convertible preference shares (CCPS) by Jubilant BevCo Ltd. and Goldman Sachs-backed investors. This acquisition strengthens the Jubilant Group’s presence in India's food and beverage sector and aligns with Coca-Cola’s operations in the country. The deal highlights significant foreign investment and collaboration in India's fast-growing beverage industry.