Current Affairs - Business

The National Commission for Women collaborated with Truecaller to launch the Women’s Digital Safety Awareness Initiative in March 2026. This partnership focuses on enhancing digital safety for women by addressing online risks such as phishing, impersonation, harassment, and financial fraud. A key component of the initiative is the “TrueCyberSakhi: A Digital Safety Toolkit,” which provides interactive learning modules, self-assessment tools, and practical safety guidelines. Additionally, Truecaller verified the NCW’s 24x7 helpline on its platform, helping users identify authentic communication channels and reducing the risk of fraud or impersonation.

Blue Star Limited entered into a strategic partnership with the Department for Promotion of Industry and Internal Trade (DPIIT) to strengthen the manufacturing startup ecosystem, particularly in the HVAC sector. This collaboration focuses on promoting innovation in areas such as advanced manufacturing, digital solutions, and supply chain improvements. Startups will benefit from access to R&D facilities, expert mentorship, and opportunities for product testing and validation. The initiative also includes organising innovation challenges and hackathons, enabling startups to develop scalable solutions and integrate into global value chains, thereby boosting India’s industrial growth.

Manappuram Finance Ltd is the company whose subsidiaries are undergoing an indirect change in control following RBI approval. A significant development in India’s financial sector involves a major investment by Bain Capital into key subsidiaries dealing with microfinance and housing finance. This investment required regulatory approval due to changes in ownership and management structure. The Reserve Bank of India granted this approval, allowing the transaction to proceed. The deal includes a capital infusion and an open offer under SEBI regulations, expected to alter shareholding patterns and strengthen the company’s growth potential.

Wipro, one of India’s leading IT companies, launched an AI hub at GIFT City in Gandhinagar to provide advanced AI-powered services to global Banking, Financial Services, and Insurance (BFSI) clients. The hub focuses on delivering solutions such as digital banking, regulatory technology, and risk management systems. It is designed with scalable capacity and aims to enhance innovation using the Wipro Intelligence platform. This initiative strengthens India’s position as a global fintech hub, promotes high-skilled job creation, and supports the growth of AI-driven financial services and digital transformation.

Nebius, an AI cloud company headquartered in Amsterdam, entered into a significant long-term agreement with Meta to provide AI infrastructure services. The deal spans five years and involves supplying dedicated computing capacity worth up to $12 billion, with additional commitments potentially raising the total contract value to around $27 billion. The infrastructure will utilise advanced technology, including the NVIDIA Vera Rubin platform, marking one of the earliest large-scale deployments of this system. This partnership highlights the growing demand for AI computing power and positions Nebius as a key player in the global cloud and artificial intelligence ecosystem.