Current Affairs - Business

Razorpay partnered with NPCI BHIM Services Ltd and Axis Bank to introduce the Turbo UPI plugin on the BHIM Vega platform. This innovative solution is designed to streamline the in-app payment experience by allowing users to complete UPI transactions without leaving the application. By eliminating the need to switch to external UPI apps, the plugin significantly improves the user experience, enhances transaction success rates, and reduces friction during the payment process. Additionally, it offers seamless onboarding for partner businesses, making it a strategic move in advancing India's digital payment infrastructure and fostering greater adoption of UPI-based services.

Juspay, a Bengaluru-based fintech company specializing in payments infrastructure, became India’s first unicorn of 2025 after raising $60 million in a Series D funding round. The investment was led by Kedaara Capital, with additional participation from SoftBank and Accel. Despite falling short of its initial fundraising target of $150 million, Juspay’s valuation crossed the $1 billion mark. This milestone highlights the company’s growing influence in the fintech ecosystem and its strategic plans to invest in AI-driven solutions and expand globally. Juspay’s achievement also signals continued investor confidence in India's digital payments space.

Project SPRINT was introduced by the Indian Oil Corporation as a strategic initiative to future-proof its operations in response to global energy transitions. The focus areas of the project include optimizing costs, enhancing customer experience, and integrating advanced technologies, all while maintaining its strengths in core business areas. As India's largest government-owned oil producer by capacity and revenue, Indian Oil is leveraging Project SPRINT to transition smoothly into a more sustainable and tech-enabled future while adapting to a world that is increasingly moving away from fossil fuels.

HIL Ltd, a well-established name in the building materials sector and part of the CK Birla Group, has officially rebranded itself as BirlaNu Limited. This rebranding marks a significant transformation in the company’s identity, aiming to align more closely with its core values of quality, innovation, and sustainability. With a strong presence both in India and Europe, BirlaNu is focused on serving a diverse clientele including homeowners, builders, and designers. The new name reflects its vision to deliver enduring solutions in the construction industry while continuing its legacy of over eight decades rooted in Hyderabad, Telangana, and Andhra Pradesh.

Bharat Petroleum Corporation Limited (BPCL) launched a Sports Scholarship Initiative aimed at supporting Indian athletes aged 13–25. This initiative provides monthly stipends and sports kits to athletes across various sports, including cricket, hockey, and tennis. It also covers training and tournament expenses, helping to alleviate financial barriers for young talents. BPCL’s involvement reflects its commitment to promoting sports and nurturing the next generation of Indian athletes.