Current Affairs - Business

Uttar Pradesh Chief Minister Yogi Adityanath is set to lay the foundation for Microsoft’s five-acre campus in Noida Sector 145. This project is part of a larger initiative that includes other major IT developments by companies like MAQ and Sify. In addition to this, Adityanath will also inaugurate important public infrastructure projects, such as two underpasses on the Noida-Greater Noida Expressway and the Ganga Water project. This initiative reflects the government's push for technological growth and infrastructure development in the region.

DPIIT (Department for Promotion of Industry and Internal Trade) has partnered with Mercedes-Benz India to enhance manufacturing, road safety, and environmental sustainability through startup programs. This collaboration focuses on infrastructure, mentorship, funding, and global collaborations to drive technological advancements. Mercedes-Benz India is also providing CSR funding to support incubators, thereby fostering industry-academia linkages and societal impact.

Tata Power has collaborated with Schneider Electric to introduce SF6-Free Ring Main Units in Mumbai and Delhi, utilizing Schneider's AirSeT technology. This initiative aims to minimize carbon footprint by 75% and provide 50% cost savings throughout the units' lifespan. The partnership supports India's goals for sustainable and efficient power distribution, reducing the environmental impact of SF6 gas.

Flipkart-backed UPI platform super.money has acquired BharatX, a checkout financing platform, in an all-cash transaction. This move aims to bolster super.money's foothold in India's expanding digital credit market, particularly within the checkout financing sector. The acquisition will enable super.money to leverage BharatX's technology stack to enhance credit-on-UPI solutions.

Bajaj Allianz Life Insurance became the first insurer in India to introduce the Bima-ASBA facility on February 22, 2025. This new payment method allows policyholders to block up to ₹2 lakh in their bank accounts using UPI's One-Time Mandate (OTM), offering more control and transparency in premium payments. The initiative was supported by the Insurance Regulatory and Development Authority of India (IRDAI) and aims to simplify the premium payment process, ensure financial security, prevent refund delays, and allow policyholders to earn interest on blocked amounts.