Current Affairs - Business

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.

Aditya Birla Capital Limited (ABCL) has merged with its fully owned NBFC subsidiary, Aditya Birla Finance Ltd. (ABFL), effective from April 1, 2025. This strategic merger aims to simplify the corporate structure, improve operational efficiency, and strengthen financial stability. The merger received necessary approvals from regulatory bodies like SEBI, RBI, and NCLT, along with shareholders and creditors. The leadership transition includes Ms. Vishakha Mulye as MD & CEO and Mr. Rakesh Singh as Executive Director & CEO (NBFC), marking a significant step in ABCL’s growth trajectory in the financial services sector.

Renault Group has announced its decision to acquire Nissan’s remaining 51% stake in Renault Nissan Automotive India Private Ltd (RNAIPL), making Renault the sole owner of the Chennai-based manufacturing plant. This move reflects Renault’s strategic shift to strengthen its control over manufacturing operations in India, allowing greater autonomy in production and market expansion. The acquisition follows a 2023 agreement in which Renault and Nissan jointly invested $600 million for new models in India. Renault’s full ownership signals a more independent approach to its Indian market strategy.

Jasprit Bumrah has been announced as the brand ambassador of L&T Finance Ltd. This strategic partnership aims to enhance LTF’s brand presence across India and connect with a wide range of customers. Bumrah, known for his dynamic cricketing career, will play a key role in LTF’s marketing campaigns, both Above The Line (ATL) and Below The Line (BTL), to boost brand awareness, customer engagement, and promote the company’s diverse financial products and services. His association reflects LTF’s vision to connect with a broader, diverse audience effectively.

JSW Steel has achieved the remarkable feat of becoming the world’s highest-valued steel manufacturer, surpassing US-based Nucor Corp. The company’s market capitalisation crossed the $30 billion mark, driven by strong stock performance and government support against low-cost steel imports. This milestone positions JSW Steel ahead of major global steel players like ArcelorMittal, Nippon Steel, and Baoshan Iron. The company’s performance has been fueled by increased domestic demand for steel and its ability to navigate challenges in the global steel market.