Current Affairs - Business

Tata Power Renewable Energy Ltd (TPREL), a subsidiary of Tata Power, entered into a power purchase agreement with NTPC Ltd for the development of a 200 MW renewable energy project. This partnership significantly boosts TPREL's total renewable utility capacity to 10.9 GW. The project is expected to generate approximately 1,300 million units of electricity annually and is planned to be implemented across various locations in India over the next 24 months. The collaboration represents a strong step toward India's clean energy goals and reflects Tata Power’s commitment to expanding its green energy footprint.

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.