Current Affairs - Business

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.

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.