Current Affairs - Business

Nvidia has unveiled a historic $500 billion investment plan to set up AI chip manufacturing within the United States, marking a significant shift in the company's strategy. Traditionally dependent on Asian manufacturing, especially in Taiwan, this move signals Nvidia's commitment to boosting domestic tech production and supporting AI infrastructure. The investment is backed by the Trump administration and aims to make the U.S. a global leader in AI technology while reducing reliance on foreign supply chains. This is also a step toward creating large-scale employment and reinforcing the national tech industry.

India is contemplating a significant policy change by allowing foreign companies to own up to 49% stake in its nuclear power plants, a move aimed at opening up one of the country's most tightly regulated sectors. This proposal is part of a broader strategy to accelerate the development of clean energy infrastructure, reduce reliance on coal, and progress toward its long-term carbon emission reduction targets. Enabling foreign investment in nuclear energy reflects India's intent to integrate advanced global technologies and financial resources into its energy mix, thereby enhancing the sustainability and scalability of its power generation capacity.

In the 2025 T20 League, Star Health Insurance partnered with Sunrisers Hyderabad as their official health insurance partner. This collaboration reflects a shared vision to promote health and wellness using the widespread appeal of cricket. By aligning with a popular team like Sunrisers Hyderabad, Star Health aims to reach a broader audience while reinforcing its brand values of customer centricity, trust, and transparency. The partnership is a strategic move to integrate health awareness into mainstream sports and foster a culture of well-being among cricket fans. Mr. Anand Roy, the MD & CEO of Star Health Insurance, leads this initiative.

Axis Max Life Insurance introduced Bandhan 2.0, an innovative onboarding platform utilizing AI-enabled augmented reality to enhance the employee experience. This platform integrates gamification and virtual environments to create engaging, consistent, and scalable onboarding for new hires. It includes features like direct interaction with leadership and remains accessible for 60 days after joining, aiming to inspire, connect, and empower employees from day one. Bandhan 2.0 reflects the company’s forward-thinking approach to blending technology with human resource practices to boost engagement and productivity right from the onboarding stage.

Air India SATS Airport Services Private Limited (AISATS), a joint venture involving Air India, inaugurated the AISATS BLR Logistics Park at Kempegowda International Airport in Bengaluru. With an investment of ₹200 crore, this park is now one of the largest on-airport logistics facilities in South India. Spread over eight acres, it is designed to enhance cargo handling capacity and streamline logistics operations within the airport. The initiative reflects Air India's strategic focus on expanding its role in aviation infrastructure and logistics services, supporting both domestic and international trade through enhanced supply chain efficiency.